Many companies strive to start their work quickly because time is money. It is essential for companies that provide new and unusual services and know that competitors work on the same technology. Today we want to give some tips on getting a cryptocurrency license in Poland as soon as possible. We also want to tell you more about this jurisdiction and the benefits of obtaining a work permit in this jurisdiction.

1. Try to find out in advance the rules of regulation of the crypto industry in this jurisdiction

If you decide to get a work permit in Poland, you need to know the rules of crypto regulation in detail in advance. You need to get advice from specialized lawyers and independently study the legislative acts that regulate the crypto industry. The better you break down all matters, the less likely unpleasant surprises will appear.

2. Think over the activities of your company in advance to the smallest detail

The better you think ahead of your organization's performance, the more successful it will be, and the easier for you to explain to regulators that your organization can be successful. When compiling a business plan, you should seek the help of lawyers and business analysts who will help you highlight weaknesses and advice on correcting mistakes.

This process takes a long time, but it is worth the time you can spend on it. According to statistics, only 1% of all startups in the world are successful and have existed for more than 5 years, and this is because their creators did not think through all aspects of their company's work to the smallest detail in the early stages.

3. Pay more attention to staff selection

The main requirement that this jurisdiction puts forward is that your team members have no criminal record and a high level of reputation. So, all members of your team should not have had problems with the law in the past. They must also have a specialized education and at least 1 year of work experience in a relevant position. It is a guarantee that they have the necessary knowledge and skills to perform their duties well.

Particular attention should be paid to the choice of an AML specialist. Their duties will include ensuring that company employees and customers cannot use your company for money laundering and fraud. Responsibilities will also include reporting to regulators. When choosing this specialist, it is necessary to consider both professional and personal qualities. This person must be honest, incorruptible, and have great willpower.

4. When building a company, consider the requirements of government regulators

Quite often, the owners build their company on their own, and when it comes time to get a license, you have to make many changes, which takes a lot of time. Suppose you want to get a work permit as soon as possible. In that case, you need to build the management of your organization in advance, considering all the requirements of government regulators.

5. Seek help from specialized lawyers

If you want all the papers to be in order, you need to seek the help of specialized lawyers. Gofaizen Sherle specialists have been helping crypto companies with licensing issues for many years and know well how to arrange paperwork so that government agencies do not have any questions. They will tell you how to get a work permit immediately.

What is the process of obtaining a license?

In Poland, there are established licensing rules and prescribed steps that you must go through to obtain a work permit. They include:

• Registration of a company – takes approximately 5 working days;
• Obtaining PESEL – government agencies have 30 days to assign you a unique tax number, but this is usually faster;
• Applying to have your organization listed on the registry – government agencies have 2 weeks to review your application.

As you can see, if all documents are in order, the licensing process takes up to 2 months on average. But, if the regulators have questions at any of these stages, they may ask for additional documents or changes in your organization's activities. It will result in you spending time making changes and collecting other documents, and regulators will have an additional 2 weeks to consider changes. So, the process of obtaining a license can take several months. To avoid this, you need to enlist the help of professional lawyers responsible for collecting and completing documents.

If you wish, you can buy an existing company, saving you a few days. You can change the name and use a different control system in the future.