Nikolai Timofejev
15 years in FinTech and payments. Maps your business model to the right structure and leads the file all the way to a compliant launch, including banking and payment rails.
Get a crypto license in Bolivia.
Bolivia banned crypto for years - then lifted the ban. The central bank's Resolution 082/2024 permits virtual-asset transactions through authorised channels, and activity has surged. There is no full VASP licence yet: the route is a governed company plus AML, reporting to the UIF. We structure it honestly.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
400+
Crypto licenses obtainedlicenses obtained
Updated
Bolivia in brief
From ban to permitted - a market just opened.
Bolivia spent years as one of the few countries with an outright crypto ban. To protect the boliviano, the Banco Central de Bolivia - the BCB - prohibited financial entities from touching virtual assets. That changed on 25 June 2024, when the BCB issued Board Resolution No. 082/2024 and lifted the ban, permitting virtual-asset transactions through authorised electronic channels. It was a genuine reversal, taken with the financial supervisor ASFI and the financial-intelligence unit, the UIF. Crypto is still not legal tender - but for the first time, regulated crypto activity is allowed inside the Bolivian financial system. In the months that followed, crypto transactions more than doubled, and the authorities have even weighed adding USDT to national-payment options.
So the honest picture is a market that has just opened, not a finished licensing regime. There is no full VASP licence in Bolivia yet - the framework is still being built. The route that works today is a properly governed Bolivian company operating with the newly-permitted status, running real anti-money-laundering compliance and reporting to the UIF. The direction of travel is toward more structure, not less, so we build to a standard that will survive the rules when they arrive. We set up the compliant company, and track the framework as it develops so you are ready - and early - when licensing lands.
Bolivia banned crypto for years, then lifted the ban: the central bank's Resolution 082/2024 permits virtual-asset transactions through authorised channels. Activity has surged.
There is no full VASP licence yet. The real route is a governed company plus AML, reporting to the UIF - built to a standard that survives the coming rules. Corporate tax is 25%.
The honest picture
The company + AML route - ready for a framework.
Two workstreams: the company plus AML structure that operates now under the permitted status, and the readiness that converts it as Bolivia builds a licensing regime. We scope both before any work begins.
The company + AML route operates now under the permitted status; a readiness file converts it as a framework arrives.
01 - COMPANY + AML · THE ROUTE
Governed company, real AML
The working structure: a Bolivian company operating with the status permitted since Resolution 082/2024, with clean governance, real anti-money-laundering compliance and reporting to the UIF - lawful and credible, without a VASP licence because none exists yet.
The working structure: a Bolivian company operating with the status permitted since Resolution 082/2024, with clean governance, real anti-money-laundering compliance and reporting to the UIF - lawful and credible, without a VASP licence because none exists yet.
- ✓Bolivian company with clean governance
- ✓Operating under the permitted 2024 status
- ✓AML/CFT programme with KYC and monitoring
- ✓Reporting to the UIF
- ✓Transactions through authorised channels
- ✓Banking arranged on full disclosure
02 - READINESS FOR A FRAMEWORK
Large market, newly openedPrepared as licensing arrives
The ban is gone and the framework is being built. The readiness file - governance, AML and custody documentation on licence-grade patterns - converts the structure into an applicant as Bolivia introduces VASP rules.
The ban is gone and rules are coming - licence-grade compliance now means first in line when licensing lands.
- ✓Ban lifted - the market is open
- ✓Full VASP regime still developing
- ✓Compliance built to licence-grade anyway
- ✓Framework monitoring - we track the rules
- ✓First in line when licensing lands
- ✓Offshore pairing where markets require it
Costs and timelines are confirmed for your case before any work begins. There is no full VASP licence in Bolivia yet - the company plus AML route under the permitted status is the real path, and we are candid that it is a compliance structure, not a licence.
Why Bolivia
A newly-open market, approached honestly.
The ban is gone, activity is surging, and a framework is coming. A properly compliant company is a credible, bankable base - built early.
✓
A market that just opened
After years of prohibition, Resolution 082/2024 permitted crypto through authorised channels. Transactions more than doubled in the months after. Early, compliant entrants have room that a crowded market would not give.Transactions more than doubled after 2024.
✓
Permitted, not banned
Crypto is no longer prohibited - it is permitted through authorised electronic channels, reported to the UIF. Operating through a governed company with real AML is lawful, and the standards you meet are what banks read.Allowed through authorised channels; UIF-reported.
✓
A real AML standard
Reporting to the UIF and running an AML programme give a clear compliance bar. Meeting it makes the business credible - the substance is the product, since there is no licence badge to lean on yet.UIF reporting - a clear, enforceable bar.
✓
A large domestic market
Bolivia is a sizeable economy with a young, increasingly connected population and fast-growing stablecoin use. The domestic demand that the ban suppressed is now visible and legal.Sizeable, young, fast-growing stablecoin use.
✓
Direction of travel
The authorities have moved from ban to permitted and are weighing further steps, including stablecoins in national payments. Building to licence-grade now means readiness when a full framework arrives.From ban to permitted; more structure coming.
✓
Honest guidance
Our value here is candour. We will not sell a Bolivian «VASP licence» that does not exist yet - we build the real compliant structure under the permitted status, and tell you plainly where its limits are.No selling a licence that does not exist yet.
How it compares
How Bolivia differs from other routes.
Bolivia is the just-reopened, company-plus-AML play, not yet a licensing regime. The honest comparison is below.
Bolivia vs other jurisdictions
| Feature |  Bolivia | Other jurisdictions |
|---|---|---|
| Regime | Company + AML, permitted since 2024 | Dedicated VASP licences |
| AML basis | UIF reporting | Licence-based supervision |
| Corporate tax | 25% | Ranges widely |
| Status | Newly opened, developing | Established |
Regime
BoliviaCompany + AML, permitted since 2024
Other jurisdictionsDedicated VASP licences
AML basis
BoliviaUIF reporting
Other jurisdictionsLicence-based supervision
Corporate tax
Bolivia25%
Other jurisdictionsRanges widely
Status
BoliviaNewly opened, developing
Other jurisdictionsEstablished
Country by country
| Country | License type | Taxation | Requirements |
|---|---|---|---|
| Bolivia | Company + AML (no VASP licence yet) | 25% corporate | UIF, permitted since 2024 |
 Peru | Company + AML registration | 29.5% corporate | VASP AML rules, no full licence |
 Paraguay | Company + AML | 10% corporate | Emerging, AML-led |
 Brazil | VASP under Law 14.478 (BCB) | 34% combined | Central-Bank supervised |
BoliviaLicense typeCompany + AML (no VASP licence yet)
Taxation25% corporate
RequirementsUIF, permitted since 2024
PeruLicense typeCompany + AML registration
Taxation29.5% corporate
RequirementsVASP AML rules, no full licence
ParaguayLicense typeCompany + AML
Taxation10% corporate
RequirementsEmerging, AML-led
BrazilLicense typeVASP under Law 14.478 (BCB)
Taxation34% combined
RequirementsCentral-Bank supervised
Doing it properly
What the compliant structure contains.What the compliant structure contains.
Permitted does not mean unregulated - the AML obligations are real, and the coming framework will raise the bar. The checklist below is what we build.
01
Bolivian company - incorporated as an SRL or SA, with clean governance and transparent ownership to UBOs.
02
Permitted-status operation - transactions run through the authorised electronic channels Resolution 082/2024 allows.
03
AML/CFT programme - risk assessment, policies and controls to Bolivian anti-money-laundering standards.
04
UIF reporting - registration and reporting to the financial-intelligence unit, including suspicious-transaction reporting.
05
KYC and monitoring - client due diligence, ongoing monitoring and record-keeping.
06
Named compliance officer - appointed with real authority over the AML function.
07
Custody and systems documentation - wallet architecture described to international standards.
08
Banking file - accounts arranged on full disclosure, matched to the flows.
09
Clean books - accounting a bank and a future regulator read as an asset.
10
Framework monitoring - the developing VASP rules tracked, the structure updated as they take shape.
11
Offshore pairing - a licensed base alongside where target markets require one.
01
Bolivian company (SRL or SA), clean governance.
02
Operation through authorised channels.
03
AML/CFT programme to Bolivian standards.
04
UIF registration and reporting.
05
KYC, monitoring and record-keeping.
06
Named compliance officer.
07
Custody and systems documentation.
08
Banking file on full disclosure.
09
Clean books from day one.
10
Framework monitoring as rules develop.
11
Offshore pairing where needed.
Reflects Bolivia's company law and the post-Resolution 082/2024 AML framework (UIF) as of 2026. There is no full VASP licence yet - in writing, not in small print. The BCB lifted its ban on 25 June 2024.Company law + post-082/2024 AML (UIF), as of 2026. No full VASP licence yet.
How it works
From first call to a compliant structure.
01
Strategy and honesty
The real status - permitted, not yet licensed - your AML obligations and the banking plan, fixed in writing before anything incorporates.Status, AML obligations, banking - in writing.
02
Company and governance
Bolivian incorporation as an SRL or SA with clean governance and transparent ownership - the base the AML route needs.SRL or SA, clean governance, UBOs.
03
AML and UIF
An AML programme, UIF registration and reporting, and a named compliance officer - built to standard.Programme, registration, reporting, officer.
04
Banking and operations
Accounts arranged on disclosure; the structure live on rails that hold, through authorised channels.Accounts on disclosure; live on solid rails.
05
Monitor and convert
The developing framework tracked - as Bolivia introduces VASP rules, the prepared file enters first.First in line as Bolivia legislates.
Quick facts
Dedicated lawNone yet - developing
StatusPermitted since 2024
Turning pointBCB Res. 082/2024
RouteCompany + AML
AML reportingUIF
Legal tenderNo (still)
Corporate tax25%
MarketLarge, newly opened
Anyone selling a «Bolivian VASP licence» in 2026 is selling paper - the regime is still being built. The honest product is the compliant company and AML structure under the permitted status - and it is a real, bankable one.
On the ground in Bolivia
Run from our Dubai office, with Bolivian counsel.
Prifinance - Bolivia desk
La Paz · Bolivia
La Paz, Bolivia
01
Bolivian incorporation
Company formation as an SRL or SA with clean governance - the corporate layer the AML route sits on, built properly.SRL or SA - the base for the AML route.
02
AML and UIF reporting
An AML programme and registration and reporting to the UIF - drafted, filed and maintained to standard.Programme, registration, reporting - maintained.
03
Compliance officer and monitoring
A named compliance officer and the ongoing KYC and monitoring the permitted status and coming rules demand.A named officer and ongoing monitoring.
04
Banking and readiness
Accounts arranged on disclosure, and the readiness file kept current so you are first in line as a framework arrives.Accounts on disclosure; ready for a framework.
We also have offices in
Tallinn
Estonia
Roseni 13
Vilnius
Lithuania
Gedimino pr. 2
Prague
Czech Republic
Vlkova 532/8, Žižkov
London
United Kingdom
7 Bell Yard
Dubai
UAE
33 Level, Al Saqr Business Tower
Madeira
Portugal
Rua da Alegria 31, 1F
Istanbul
Turkey
Perpa Ticaret Merkezi, A Blok
Good to know
Taxation of crypto companies in Bolivia.
No crypto-specific corporate levy - company profits carry Bolivia's 25% corporate tax, the IUE, so the tax position is planned deliberately from the start.
25% corporate rate (IUE)
The corporate income tax, the Impuesto sobre las Utilidades de las Empresas, is 25% on company profits. A clear figure to model, applied to the licensed business as an ordinary Bolivian company.A clear figure to model.
Crypto on the general system
There is no dedicated crypto tax regime yet. Crypto income is taxed under the general rules, which we map to your activity rather than assume a gap the authorities have not confirmed.No dedicated regime yet - mapped, not assumed.
IVA - the local VAT
Bolivia's VAT, the IVA, applies to supplies in the usual way. How it maps onto crypto fee income depends on the activity, so we plan the position rather than presume an exemption.On supplies in the usual way.
Transaction tax to check
Bolivia also levies a transaction tax, the IT, on gross income. For a crypto business the interaction with the IUE matters, and we model it into the operating plan.On gross income - modelled in.
A developing picture
Tax practice for crypto is settling as the market reopens. Positions taken now are documented carefully, so they hold as the authorities issue guidance.Positions documented as guidance settles.
Records serve both
The AML and UIF record-keeping the route requires also underpins the tax position - compliance-grade books double as tax-office-grade books.Compliance-grade books serve tax too.
Tax summary
Corporate income tax (IUE)25%
VAT (IVA)On supplies
Transaction tax (IT)On gross income
Crypto-specific rulesNone yet - general system
CurrencyBOB
StatusPermitted since 2024
*As of 2026. The framework and tax practice are still developing - we model the structure honestly around the 25% rate.
Turnkey professional support
Experienced lawyers and international consultants.
We provide end-to-end support, from company registration and the AML programme to regulatory interaction and compliance oversight - with an individualized approach to each client.
Oleksii Kindratenko
Builds the structure itself: Bolivian company, AML programme and UIF pack, capital structure and tax registrations. His document sets are the reason the structure holds up to a bank's questions from day one.
Eugeniu Bevziuc
First point of contact for international founders. Runs the whole setup remotely, across time zones and languages - from the first call to a clean, compliant business.
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Bolivia · AML route
Launch your crypto project in Bolivia with expert support.
Full-service setup - the compliant company and AML structure today, readiness for the framework as it develops.
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Is Bolivia the right fit for your project?
Our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, structure, or route fits your business.
Written assessment within 2-5 business days
Request a free conclusion →FAQ
The Bolivia crypto route, answered honestly.
Is there a crypto licence in Bolivia?+
Not yet. Bolivia has no full VASP licence - the framework is still being built. What exists is a permitted status: since the central bank's Resolution 082/2024, crypto transactions are allowed through authorised channels. The route is a governed company plus AML.
Wasn't crypto banned there?+
It was, for years. The Banco Central de Bolivia lifted the ban on 25 June 2024 through Resolution 082/2024, permitting virtual-asset transactions through authorised electronic channels. Activity more than doubled in the months after.
So is operating legal now?+
Yes, when done properly. Crypto is permitted - though still not legal tender - and operating through a governed Bolivian company that runs real AML and reports to the UIF is lawful. Those standards are what banks read.
What is the UIF?+
The Unidad de Investigaciones Financieras is Bolivia's financial-intelligence unit. A crypto business reports to it as part of the country's anti-money-laundering system - suspicious transactions and periodic filings.
Is a licensing law coming?+
The direction points that way. Bolivia moved from ban to permitted in 2024 and is weighing further steps. We track the developing rules and keep your structure conversion-ready, so you are first in line when a framework lands.
How are crypto companies taxed?+
A 25% corporate rate - the IUE - on company profits. The IVA and the transaction tax apply in the usual way, and there is no dedicated crypto tax regime yet, so positions are documented carefully under the general system.
Is the market worth it this early?+
For many, yes. A large domestic market just reopened after years of prohibition, and early compliant entrants have room. We model honestly whether Bolivia is the operating heart or one node in a wider structure.
Why Bolivia with you?+
Because the value is in the compliance detail and the timing: the AML programme, the UIF reporting, the banking file, built to the standard the coming framework will demand. We structure it honestly and keep it future-ready.
Is there a crypto licence?+
Not yet - permitted status; framework developing.
Wasn't it banned?+
Yes - the ban was lifted in June 2024.
Is operating legal now?+
Yes - governed company + AML + UIF reporting.
What is the UIF?+
Bolivia's financial-intelligence unit.
A law coming?+
Likely - we track the developing rules.
Company taxes?+
25% corporate (IUE); IVA and IT apply.
Worth it this early?+
Often - a large market just reopened.
Why with us?+
The compliance detail and timing make it bankable.
Client notes
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“As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly…”
Google
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Get a free legal opinion on your project - our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, structure, or route fits your business.Free legal opinion: which Bolivia structure fits your project and what it will cost.
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Prifinance is an independent law and advisory firm. We are not a regulator and are not affiliated with, endorsed by, or acting on behalf of the Banco Central de Bolivia, the UIF or any other public authority. Registrations are made with, and obtained directly from, the competent authorities.