Cryptocurrency exchange license in Estonia

Estonia crypto exchange license

Many companies whose activities imply working with crypto wallets and cryptocurrency exchanges give preference to Estonia for licensing. In this small country, you can profitably launch a cryptocurrency exchange, in particular, due to the minimum rate of corporate income tax — 0%.

Estonia crypto exchange license is a mandatory permission document. All business owners working in this field must obtain it to legally provide their services.

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Why do you need the Estonia cryptocurrency license?

The above-mentioned permit gives a company the status of a virtual currency service provider. It allows you to engage in:

  • Exchanging cryptocurrency into fiat money and vice versa. The license allows you to legally perform such transactions. Many companies focused on initial coin offering (ICO) will have an additional advantage in the form of compliance with the requirements of Estonian legislation.
  • Providing services related to cryptocurrency wallets. A license to work with cryptocurrency in Estonia allows the company to provide services for sending and receiving cryptocurrencies and storing them.

If you are interested in an Estonia crypto exchange license, it will be issued by the Committee on Financial Monitoring (CFM). To ensure that your company meets all the requirements of this regulatory body and Estonian laws, please contact our experts. They will provide you with qualified legal advice and take care of preparing for licensing.

Cryptocurrency license Estonia: Peculiarities of the procedure

To successfully pass the licensing procedure and legally provide services related to cryptocurrencies, you must first register a company. Its organizational and legal form must be a Limited Liability Company. There are no special reporting or accounting requirements. From time to time, CFM may require certain information related to the company's activities. It is usually associated with confirming compliance with a number of AML and KYC policies.

If you are interested specifically in cryptocurrency exchange, a cryptocurrency license Estonia is granted to companies that have:

  • At least one shareholder and one director.
  • An Estonian resident on the Board of Directors.
  • A bank account opened in the territory of the European Union.

Obtaining an Estonia crypto exchange license: Requirements

It is also necessary to prepare certain documents and meet several requirements. The following list is the minimum requirements necessary to obtain a cryptocurrency license Estonia. In this regard, before beginning licensing, we recommend that you contact our experts to clarify all the nuances.

To establish a company:

  • Passports and proof of residence address of each of the directors and shareholders.
  • E-mail for contacting authorities.
  • Description of the company's activities.
  • Information about the board members.

Requirements to be met to obtain an Estonia cryptocurrency license:

  • Fully paid authorized capital — from 12,000 EUR.
  • An office registered in Estonia.
  • Criminal record certificates — for owners, all board members, managers, and the AML officer.
  • Proof of experience in the field of virtual currencies — for all board members, as well as the AML officer.

If you are interested in cryptocurrency license Estonia, the price of the procedure, full list of necessary documents, and other nuances, our employee will inform you about all these issues during the consultation. Contact us by phone, and we will take care of licensing your company.

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