Country overview

#139
Kiribati

Country stats

Rating Points
35
This indicator describes the overall rating of a given jurisdiction on several parameters according to cryptocurrency operations - market volume, crypto regulation, business climate, taxation framework.
Crypto Penetration
1%
Estimated percentage of crypto users out of the country's total population based on public data.
Legal Entities
0
Number of crypto companies registered in the country based on regulator data if available or other types of public data.
Regulation Points
0
An overall assessment of the granularity of crypto regulation in a given country. A high score is also given to countries where cryptocurrency transactions are highly regulated.
Amount of crypto users
1 200
Total amount of crypto users out of the country's total population based on public data.
Taxation points
25
This figure, according to our analysts' calculations, indicates the overall level of tax burden for cryptocurrency transactions in a given country. The higher the indicator, the lower the burden.
Market volume points
0
A rough estimate of this jurisdiction's retail crypto market relative to the rest of the world. The higher the indicator, the higher the market potential.
Status of crypto
No info
General status of cryptocurrency regulation in this jurisdiction.
Crypto payments
No info
The legal status of cryptocurrency payments for goods and services in a given country based on information from regulators, public data and feedback from our community.
Security Level
Moderate danger
The overall level of security in a given country based on open data.
Crypto Salaries
No info
The legal status of cryptocurrency salaries to employers in a given country based on information from regulators, public data and feedback from our community.
Business Climate
No info
Overall assessment of the friendliness of this country for crypto-business. This indicator takes into account the cost of obtaining a license and the attitude towards crypto entities in the country.
Stablecoin Regulation
No info
This indicator is evaluating the regulation of stablecoins in a given country. Complex regulation means that it is possible to issue steiblcoins and obtain a license for this activity. Basic regulation means that the issuance of stablecoins is possible, but not all legal aspects are defined in the law. Standard regulation means that there is a legal practice of steylcoin circulation in a given country.
Bad Factors
No
This section describes the unfavorable economic factors for crypto-business in a given country. These are countries that are under sanctions or on the FATF grey list and other factors.
Types of licenses
No licenses exist
Good
Medium
Bad
intro

This is general info about crypto regulation in Kiribati. A more precise overview will be published later. Your feedback is crucial in making this information accurate and comprehensive. If you find any inaccuracy or have other feedback - please write us in telegram @ilya_ii or by e-mail - editor@cryptopenetration.com 

According to Wikipedia (1), Kiribati is an island state in Micronesia with a population of 121,000 and an area of 811 km2.

All visitors looking to visit Kiribati need a visa unless they are passport holders from the country on the visa-exempt list. Currently, there are under 100 countries and territories whose citizens may visit the country without visas, so check the list to determine whether you need a visa or not based on VisaHQ (2).

To apply for permanent residency, you must have lived in Kiribati for more than 90 days, have good behavior, be employed on the island, or marry a resident. The permit is issued only to applicants who have fulfilled all the requirements under VisitWorld (3)

Kiribati citizenship is acquired at birth, by origin, or later in life by registration or naturalization. Citizenship by registration includes those with a family or historical relationship with Kiribati. Regular naturalization in Kiribati is acquired by applying to the Citizenship Commission, which is responsible for immigration. Candidates must confirm that they have good qualities, know the country's language, customs, and civic responsibilities, are financially self-sufficient, and intend to reside in the territory. They should be able to demonstrate residence in the country for at least seven years. Applicants who have obtained permission to naturalize must renounce another nationality, according to VisitWorld (4).

Security level

According to our rating, Kiribati has a moderate danger security level. The homicide rate (5) is 7.2 per 100,000 inhabitants a year. 

Crypto Payments

No regulation for crypto payments in the country.

Crypto Salaries

No regulation.

Legal

Currently there is no crypto regulation in Kiribati. Please, contact us if you have have any information on this topic.

Taxation

The corporate tax rate in Kiribati is 35%, according to Wikipedia (6). Kiribati's tax on income, profits, and capital gains was at the level of 8.23 % in 2021, up from 6.53 % the previous year under Knoema (7).