If you're running a crypto exchange, wallet service, or payment app, you already know how important regulation is—especially if you plan to work with banks or onboard users around the world.
But let’s be honest: not every crypto business needs a high-cost license from the EU or US. That’s why many founders look at offshore options—they’re quicker, more affordable, and often come with better tax treatment.
In this article, we’re comparing three popular offshore choices in 2025: Mauritius, Seychelles, and El Salvador. Each one has its pros and cons depending on your business model, timeline, and where you plan to operate.
Mauritius offers a proper crypto license called the CASP (Crypto Asset Service Provider), issued by the FSC—the same regulator that oversees banks and financial firms.
You’ll need to submit your documents, set up a company, and go through a vetting process. But the upside is: you get a legit license that works with banks, PSPs, and partners around the world.
Mauritius is a favorite for crypto businesses that want to be offshore—but still look professional. It’s fully aligned with global compliance rules, and it’s known for having fair tax treatment (companies often pay around 3%).
Seychelles is famous for its speed. You can set up an offshore company here in just a few days, and there’s no specific crypto license—most crypto businesses register as IBCs or securities dealers.
It’s simple and cheap, but not always ideal if you want to work with fiat payments or regulated clients.
It’s easy, fast, and widely used in crypto. Many early-stage projects and DeFi teams launch here to get up and running quickly—then move to another jurisdiction later if needed.
El Salvador made global headlines by adopting Bitcoin as legal tender. In 2023, it rolled out its Digital Assets Law, which allows businesses to register as Digital Asset Service Providers.
You can get a license for exchange, custody, token issuance, and more. It’s still new, but it’s gaining attention from serious players—especially in Latin America.
The country is actively attracting crypto companies, offering tax benefits and a friendly legal setup. If your business is Bitcoin-focused or you want a presence in LATAM, El Salvador is worth a look.
Mauritius: Full crypto license, 2–3 months to set up, strong reputation, access to fiat banking, 3% corporate tax.
Seychelles: No dedicated crypto license, 2–4 weeks setup, fast and simple, but lower global credibility.
El Salvador: Digital asset law, about 1 month setup, good for token issuers and Bitcoin-native businesses, tax perks available.
Go with Mauritius if you want to look professional, stay compliant, and work with banks and partners across borders. It’s a great fit if you’re building something long-term.
Go with Seychelles if your goal is speed and simplicity. If you’re testing the waters, running a DeFi app, or don’t need fiat services right away—it’s a solid starting point.
Go with El Salvador if you’re building something around Bitcoin or token issuance, and especially if LATAM is your market.
Choosing where to license your crypto business isn’t just about cost—it’s about finding the right mix of speed, flexibility, credibility, and growth potential.
Mauritius, Seychelles, and El Salvador all offer something unique. What works for one project might not work for another.
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