License allows a company to offer services of exchanging fiat to crypto, crypto to fiat, crypto to crypto currencies.
Start a new company in Estonia or get a Estonian ready-made company with the share capital of 2500€ in a couple of hours
Our team has built partnerships with crypto friendly EU licensed Payment Institutions who can provide IBAN accounts for crypto related companies.
Estonia offers companies to obtain 2 types of cryptocurrency related licenses:
License allows to provide a company virtual currency (hot and cold) wallet service in the framework of which the company generates keys for clients or keeps clients’ encrypted keys, which can be used for the purpose of keeping, storing and transferring virtual currencies.
License allows a company to offer services of exchanging fiat to crypto, crypto to fiat, crypto to crypto currencies.
The operating licenses are issued by the Estonian Financial Intelligence Unit (FIU), which is an independent structural unit of the Estonian Police and Border Guard Board.
The company is qualified as a Financial Institution but has no special reporting requirements to tax authorities. The accounting must be done like for any other company. No special reporting to the regulator is needed, but FIU can always make precepts and inquiries about the company’s activities.
Required documents to obtain the license:
In some cases officials have the right to ask for additional information:
Start a new company in Estonia or get a Estonian ready-made company with the share capital of 2500€ in a couple of hours and start the business immediately.
Mandatory services that are required for a company:
Still in 2019 it is very difficult to open a business payment account for crypto related companies.
Our team has built partnerships with crypto friendly EU licensed Payment Institutions who can provide IBAN accounts for crypto related companies.