Register a company with a license for cryptocurrency business

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Licenses for cryptocurrency business in Estonia

Today it is possible to obtain licenses for cryptocurrency based business activities. All issued licenses are termless.

estonia crypto business

Providing a cryptocurrency exchange service.

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Operating as a financial institution. Currency exchange.

Cryptocurrency exchange service

This is a service with the help of which a person exchanges a virtual currency against a fiat currency or a fiat currency against a virtual currency or a virtual currency against another virtual currency.

License for operation as a financial institution for currency exchange

This license allows to directly exchange one fiat currency to another. *

*

If your activities include exchange of one currency to another (Euro, Dollar, British Pound and other), then in order to obtain this license you will be required to rent an office in Estonia, where the currency exchange will actually be performed.

License cost:

Price for 1 license 3000 EUR
Price for 2 licenses 4000 EUR
State fee is 3300 EUR

Requirements for obtaining the license

In order to obtain licenses the following data and documents must be provided:

confirmation that a person has no criminal record from all countries of citizenship (also passport scan copies from every country of citizenship). This confirmation must be provided by all company owners, beneficiaries, members of the management board and compliance officer (a person who is in responsible for proper implementation and performance of money laundering prevention rules in the company)
CV from management board members and compliance officer (AML officer)
rented office in Estonia
at least one of the management board members must be in Estonia
share capital of the company must be paid out in the amount of 12 000 EUR (only monetary contribution)
good business reputation
the list of payment accounts opened by the company, with account’s unique number and manager’s name

The companies, that have already obtained the licenses before the 10th of March 2020, must comply with the new requirements until 1st of July 2020.

We provide a full scope of services in order to ensure the company compliance with the requirements of the new legislation.

a properly drawn up application for licenses
company internal rules for money laundering and terrorism finance prevention drawn up in accordance with the requirements sent by the applicable legislation of Estonia
sanctions policy of the company, that regulates company activities in the field of international sanctions

The application is reviewed within 60 days from the moment the application is submitted, FIU may prolong the review period to 120 days.

Who requries this

Startup, IT, FINTECH companies can legally carry out their activities in the field of blockchain technologies.

Blockchain providers

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Cryptocurrency exchange business

Investment funds

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Companies for receipt of cryptocurrency payments

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ICO projects

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Miners

Our services

We offer a full scope of services regarding organization and support of your business

Company registration

Provision of a legal address and contact person service
Full support of the company establishment procedure
Preliminary consultation
Receipt of documents following the company registration

Receipt of licenses

Full legal support for obtaining the license
Provision of all the documents to the Estonian Money Laundering prevention bureau
Payment of all state fees
Transaltion of documents to the state language

Accounting services

Organization and provision of accounting service
Tax planning
Presentation of accounting reports
Receipt of VAT number

Legal support

Consultation regarding legal matters
Legal audit/due diligence
Assistance in opening of a bank account in payment systems
Assitance in changing the active members of the board or owners

Company registration

Variants for company registration:

With personal presence €390
On the basis of a power of attorney €490
Through the e-residency card €100

To be paid additionally:

Legal address €200
Contact person service €150
State fee €145

Registration of a company with a corporate form of a limited liability partnership (OU).

How does it work?

Registration of a ready for use company in the 3 steps:

crypto exchange license estonia

Register a company

Registration takes from 1 to 5 work days.

estonia crypto license

Receive licenses

Getting the licenses takes around one and a half months in average.

cryptocurrency broker license

Open an account

Start business activity of your company

Why Estonia?

Estonia became the first EU jurisdiction that legalized the work of the cryptosector and allowed to legally organize and carry out ICO on the basis of blockchain technologies.

Corporate tax rate 0%
It is possible to set up a company through e-residence (without coming to Estonia personally).
The share capital is 2500 euros (it is possible to not pay out the capital when the company is being set up, it can be merely declared).
Licenses of cryptocurrency based activities
Low level of bureaucracy and low tax state policy.
A non-resident of Estonia may become the owner/member of the board.
Bank and merchant account opening in Europe.

Package offers

We offer an all inclusive solution for a successful start of your business

License update package

  • Share capital formation (12 000 EUR)
  • Renting an office
  • Local member of the board appointment
Order

1 license package

  • Registration of a company
  • Receipt of 1 license
  • Opening an account *
Order

2 licenses package

  • Registration of a company
  • Receipt of 2 Licenses
  • Opening an account *
Order
*

Opening an account for a cryptocompany is possible in banks and payment systems. The price depends on the chosen variant and set on the basis of a separate inquiry.

Opening an account

We cooperate with a number of banks and payment systems in Europe, that emphasize the transaction based activities in the field of blockchain technologies.

Banks

Payment systems

Cryptocurrency exchanges

Our clients

Today all out clients that turned to us an present an application for cryptocurrency licenses received them successfully

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Form an inquiry

Please fill out the inquiry form and our specialists shall contact you within 24 hours (unless the inquiry was presented on weekend)




DKLex is your reliable partner

Our main goal is to help your business realize its potential and opportunities in Estonia and other EU countries in accordance with all the requirements of the active legislation.

Member of the Board DKLex OU

estonia crypto exchange license
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Support and technical realization of the following procedures:

KYC

AML

CFT

GDPR

We offer ready solutions for integration of API into your products and IT solutions.

CRYPTOESTONIA