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.
It is necessary to register a local company, for which a license will subsequently be issued. You should select the name of the company, indicate the participants and provide their documents in order to register a company.
The company needs to open a bank account in order to deposit the share capital. Opening an account is a complex process that should be entrusted to professionals. In order to open an account, you should to collect a package of documents and competently conduct further negotiations.
The exact amount of authorized capital depends on the type of the license. The beneficiary must provide documents on the source of origin of funds contributed as authorized capital upon bank's request.
The company must have key positions employees, some of them must be local. We will help with the search and selection of employees.
One of the mandatory requirements is office rent. We will select a budget option that meets the requirements.
It is necessary to prepare a business plan, and policies. In addition, application forms must be filled out. The client will only need to provide a basic information, on the basis of which we will prepare documents, taking into account local legislation.
It is necessary to submit an application to the regulator after preparing the company and documents. After submitting an application, you must be ready to answer additional questions from the regulator. We will take care of timely and competent answers.
The company receives a license after successfully passing the previous stages. At the same time, it must begin work within six months from the date of receipt of the license. Otherwise, the license may be cancelled.
The above-mentioned permit gives a company the status of a virtual currency service provider. It allows you to engage in:
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.
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:
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:
Requirements to be met to obtain an Estonia cryptocurrency license:
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.
Switzerland is not only one of the world's financial centers but also a pioneer in the development of the crypto business. Back in 2014, the Confederation fixed the legal status of non-fiat currencies. The legal recognition of crypto assets launched the active development of the financial market trading in digital currencies.
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