NFT business set up in 2022

Since the inception of Bitcoin in 2009, Healy Consultants Group PLC assists our Clients with crypto-friendly business registration. In just over a decade, the blockchain market has evolved to store and efficiently trade non-interchangeable units of data (known as non-fungible tokens, or NFTs).

Our professional support services for Clients dealing with NFTs include i) global NFT company formation ii) securing relevant operating licences iii) crypto and NFT-friendly corporate bank account opening iv) NFT platform set up v) residence permit and relocation support and vi) initial coin offering (ICO) advice.

  • Why is the NFTs market important?

    • NFTs simplify the ownership rights of digital multimedia products, and it is a growing market. The value of the USA multimedia market alone is more than US$700 billion in 2022. Because NFTs are non-fungible tokens, they are a unique and irreplaceable asset, and can be exclusively owned on the blockchain.
    • NFTs and other digital assets are expected to play a key role in building a new metaverse.
    • Many artists have expressed an interest in marketing their multimedia products on the blockchain and offering collective NFTs.
  • How can Healy Consultants assist with NFT business set up?

    • We assign one of our in-house NFT experts to your case. Our expert assists you to determine the optimum offshore location in which to register the NFT business. This includes devising strategies to i) effectively optimize corporate tax ii) help you choose an NFT-friendly bank to house your proceeds iii) secure a regulatory licence for the business.
    • All the above is timely, accurately and efficiently completed without our Client needing to travel.
    • Following NFT business set up, our Accounting and Tax team provides accounting and tax support, ensuring the NFT business meets its monthly and annual statutory obligations.
    • The fastest way to set up an NFT business and corporate bank account is to i) register the company in a reputable, zero-tax country and ii) open a fast offshore or Swiss corporate bank account. With this structure, a new company number is secured in two weeks and a quality corporate bank account is opened within eight weeks.
  • Comparison of NFT-friendly countries

      Singapore Cayman Islands Estonia UAE DMCC FZ Delaware BVI St. Vincent
    Proprietary NFT trading requires a license? No No No No No No No
    Trading platform regulatory obligations? MAS Consent Virtual Asset Service Providers Authorization Virtual Assets license DMCC Authority pre-approval No Sandbox Regime application No
    Tax-exempt if properly structured? Yes Yes Yes Yes Yes Yes Yes
    Capital gains levied? No No 20 No No No No
    Personal travel required during engagement? No No No No No No No
    Reputable long-term solution? Yes Yes Yes Yes Yes No No
    Are digital assets regulated? Yes Yes Yes Yes Yes Yes No
    Easy to open an NFT corporate bank account? Moderate Moderate Challenging Moderate Moderate Challenging Challenging
    Total engagement fees Contact us Contact us Contact us US$30,168 Contact us Contact us Contact us
    Weeks to complete engagement? Contact us Contact us Contact us 12 weeks Contact us Contact us Contact us

  • NFT-friendly corporate bank account solutions

    • Healy Consultants will assist you to open a corporate bank account for your NFT business. The corporate account will allow:
      • NFT trading proceeds to be cashed and digital earnings to be converted into traditional assets, such as real estate.
      • Collection of investments in the NFT portfolio from more than one transactional channel.
    • To minimise financial and FX risks for Clients who have expenses and/or revenue sourced from several countries, we recommend our Clients open multiple corporate bank accounts for their digital assets business.
    • Our team recommends our Client opens a corporate bank account in a recognised crypto/NFT-friendly country. For example, with i) a reputable EU SEPA ii) in Switzerland or iii) a reputable Caribbean country.
    • If a bricks-and-mortar bank is not sufficiently flexible for our Client, we recommend a multi-currency corporate account with a licensed payment solutions provider.
  • Steps to set up an NFT business

    Pre-incorporation

    Company formation in an NFT-friendly country

    • Without personal travel, our CRO team incorporates a quick NFT company. For inspiration, view a detailed comparison table of digital asset solutions. Our Client does not need to travel to complete this step.
    • Your dedicated relationship officer will supply engagement status updates every week.

    Corporate bank account setup in an NFT-friendly bank

    • Our team drafts a quality complete business plan to increase the probability of the bank approving the account opening application.
    • Within 10 weeks of incorporating the company, our Client receives corporate bank account facilities. Our Client does not need to travel to complete this step.
    • If required, Healy Consultants Group PLC will assist our Client open a trading wallet with a reputable cryptocurrency exchange.
    • Our team couriers the full company kit to the Client, including original corporate documents, unopened bank correspondence and a Client feedback survey.
  • Healy Consultants Group PLC fees

    Healy Consultants Group PLC will be pleased to help our Clients with NFT company incorporation.

    View our fees page

    Healy Consultants Group PLC will be pleased to help our Clients efficiently open an international NFT-friendly corporate bank account for a fee of €7,950.

    View invoice PDF

  • How to pay in crypto

    Healy Consultants Group PLC accepts payment in Bitcoin, directly via our Bitcoin payment address (click this link).

    How to pay Healy Consultants Group PLC using Bitcoin?

    • Confirm with your dedicated Client Relationship Manager the final invoice fee to be settled with Healy Consultants Group PLC.
    • Get a Bitcoin wallet.
    • Verify the daily exchange rate between invoice fiat currency and Bitcoin to make sure you are transferring the correct sum.
    • Move the funds from your passive wallet to your spending wallet.
    • Activate the payment blockchain window in your cryptocurrency wallet Client.
    • Manually type in our Bitcoin payment address:3B1QWcYk4gmiUJaPXzb5XUe4p97MZDcnji
    • In the “description” field, include: i) your full name ii) business address and iii) specific professional service required.
    • Send your dedicated Client Relationship Manager confirmation of the transaction.
  • Conclusion

    Setting up an NFT business is easy if you know how. Contact us to find out how we can assist.

Contact us

For additional information on our incorporation services, please contact our in-house country expert, Mr. Apurv Trivedi, directly:
Consultant at HC - apurv
  • Mr. Apurv Trivedi
  • Principal - Client Engagements
  • Contact me!