Cryptocurrency mining – business idea
Do you need a business idea for your company in Slovenia? The activity of your new company can also be cryptocurrency mining. If you have already tried to earn money from them, you surely are thinking about cryptocurrency mining.
If your company wants to deal with cryptocurrency mining, you have to register the right activities. You also have to do the same if you are dealing with trading cryptocurrencies like bitcoin, litecoin, peercoin, ripple, quark, etc.
What activity do I have to register for cryptocurrency mining?
You have to choose the activity that is in the Standard Classification of Activities of Republic of Slovenia from 2008. In the year of 2008 bitcoins were first introduced. One of the activities that you have to register is: Other business and business consulting (no. 70.220).
As explained in the SKD 2008, the activity also includes consulting, guidance and operational assistance in business matters and public services. As well as design of accounting systems, cost accounting, financial planning and control procedures, advice and assistance in planning, organization of production and work and the provision of information for entrepreneurship and public services, consultancy, etc.
You can also consult our referent at the VEM point about the activities. At the same place you can register your company as well. Registration procedure at VEM point is free of charge.
Read more about why to choose Slovenia – a country of great business opportunities.
What else do you need to know before deciding to start cryptocurrency mining?
Firstly, you have to know that the cryptocurrency mining will in any case be taxed. It will be taxed if you are mining as natural person or as legal entity.
If you will be mining as natural person you will need to report the income from another contractual relationship, and you will have to convert bitcoins to euros on the day you will receive them. If you decide to mine as legal entity or perform a self-employed activity, cryptocurrency mining will increase your tax base. The final taxation at the end of the year will depend on your company’s overall profit or output.
Do you need help? Contact us!
As previously mentioned, you can at our offices in Ljubljana register your company. Our company Data offers full support to foreign citizens, who want to start a business in Slovenia and migrate. We offer accounting service, legal support, business address, help with obtaining work and residence permits for you and your family, etc.
Read more about the whole procedure of company registration in Slovenia.
If you have more questions about cryptocurrency mining, you can contact us via email: [email protected], call us on: 00386 1 6006 270 or 00386 40 530 718 (Viber, WhatsApp).
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