Maksym Stepanenko
Managing Partner, Crystal Tax
International client projects since 2012: company structures, tax, immigration, DUNS and NCAGE. 50+ jurisdictions.
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How to get a cryptocurrency license in Estonia?
Estonia is part of the European jurisdiction, part of the European Union. This country is one of the most favorable regions where foreign citizens can do business.
Estonia has loyal legislation, an optimal banking and tax system, political and economic stability, and benefits from key directives and laws of the European Union.
Relatively recently, this country adopted a law regarding changes in legislation. Taking into account these changes, every entrepreneur can carry out transactions with cryptocurrency. However, to fully conduct business, a financial license is also required.
The procedure for obtaining a license, the list of requirements for entrepreneurs and other nuances associated with cryptocurrency transfers have been regulated by local Estonian regulations.
You shouldn’t figure out the legal issues and various subtleties on your own. Entrust this work to the professionals of our company. They will advise and provide qualified assistance related to the issuance of a license.
Estonia crypto license for a legal entity
The main competent authority authorized to issue licenses to entrepreneurs related to cryptocurrency transfers – FIS (financial intelligence service).
A license must be obtained by a businessman who is engaged in the following types of activities:
- exchanges electronic money;
- stores cryptocurrency (owns electronic wallets).
You can get one of two types of licenses. Thanks to the received document you will be able to:
- provide cryptocurrency exchange services;
- provide services regarding the use of electronic wallets.
The type of permit will depend on what kind of activity you decide to engage in.
Crypto license in Estonia: basic requirements for obtaining
To obtain a business license, complete the following mandatory requirements:
- Register a legal entity.
- Rent or buy an office.
- Open a bank account.
- Prepare the necessary package of documents.
- Create and work out the authorized capital of your company.
- Pass the state examination.
The specialists working in our company can fulfill these requirements quickly and without problems. They will competently organize each process and prepare the necessary documentation, taking into account the legal requirements of Estonia. This will make it possible to avoid refusal to obtain a license for a cryptocurrency project.
Crypto license Estonia and other services from our company
Our company offers clients various services. We employ professionals. They:
- will give professional, legal advice;
- will prepare the necessary documents (including corporate ones);
- will open an account in the desired bank;
- will be legally accompanied during the inspection by the relevant authorities;
- will prepare financial statements;
- will conduct an inspection;
- send the documentation to the licensing organization;
- will ensure that the license is not expired;
- extend the permit document.
Our company offers clients various types of “turnkey” services. To obtain a license for your own business, you need to contact our specialists. When they clarify all the important nuances, they will quickly complete the task at an affordable cost.
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Our advantages
Corporate structuring, company registration in Ukraine and abroad, tax and reporting, migration, bank accounts, DUNS and NCAGE codes. We run the whole project, from choosing the solution to the finished documents.
Confidentiality terms are set out in our contract. We do not pass information about a client or their project to third parties, except where the law expressly requires it.
We compare jurisdictions against your business task: tax regime, reporting, substance requirements and access to banking. On the call we go through the upsides and the limits of each option.
We name the timeline for every step before the work starts — it depends on the jurisdiction, the registrar and the bank. Personal data is used only to deliver the service.
We handle the correspondence with registrars, government bodies and banks and answer their requests ourselves. From you we need documents and signatures.
We take each case to the finish: if an authority or registrar comes back with remarks, we revise the documents at no extra charge. The fee is calculated for your task before work starts.