# Offshore Crypto License

An offshore crypto licence authorises virtual asset services from a jurisdiction outside the EU. It is typically faster and cheaper than a MiCA CASP, in exchange for weaker EU market access and harder banking.

## Where offshore crypto licences are recognised
- **Seychelles, Cayman Islands, Vanuatu, Belize, British Virgin Islands (BVI)** — each with its own regime, cost, and reputation.

## Trade-offs
- **Pros** — speed, lower capital, broad product scope.
- **Challenges** — banking is harder (many EU banks and EMIs will not serve an offshore-only entity), reputational scrutiny, and no MiCA passport for the EU.
- **Offshore vs EU/MiCA** — offshore suits non-EU-facing operations or a first licence; EU-facing businesses usually need a CASP for durable market access.

We advise which route fits your markets, and how to pair an offshore licence with bankable structure.