The company setup and license application submission can be completed remotely without travel, but an on-site interview with the regulator may be required in the final phase. We also have availability for new and fully licensed shelf companies for swift setup. Notice: all pricing is indicative and is subject to our final confirmation upon receiving order details; indicative packages for one natural person participant.
Discounts may be applied. We reserve the right to change our individual and package prices at any time without notice. Please contact us for a detailed offer specific to your project. The legal framework is governed by the Money Laundering and Terrorist Financing Prevention Act link which first entered into force March and had its latest amendments passed in March We can prepare all policy documentation according to the legal framework and manage the process to obtain a crypto license in Estonia from the FIU on basis of a Power of Attorney PoA.
For review and preparation of the licensing project we will ask for the following documentation:. All listed documentation has to be certified by notary public and confirmed with an apostille, in English or sworn English translation. In the first stage we will gather all information and provide step by step process overview according to your case. Some parts of this include, for example:. Revocation of authorisation of t he the Estonian AML law sets forward cases in which the crypto license can be revoked.
General requirements. At least 1 shareholder natural person or corporate entity. No restrictions to citizenship or residence. For optimal setup structure please consult our legal team. At least 1 management board member can be the same as the shareholder, but only a natural person.
Company management must have residency in Estonia. Estonian resident AML compliance officer requirement professional experience required. Please contact us for further information. Physical office in Estonia required. Virtual currencies e. Bitcoin and altcoins exchange services are not subject to VAT. Services invoiced e. Company formation. Pricing for Crypto License in Estonia. Legal Framework and Requirements in Estonia.
Documentation Procedures Compliance officer Revocation. Some parts of this include, for example: Internal security measures. Compliance officer. The requirements set by the FIU for a Compliance Officer CO include: Only a person who works permanently in Estonia and has the education, professional suitability, abilities, personal qualities, experience and impeccable reputation required for performance of the duties of a compliance officer may be appointed as a compliance officer.
He wants to ban crypto companies from accepting investment in the form of property refinancing. He believes the businesses should accept only cash in order to increase investor protection. While neighbors are accepting corporate presence of Binance, Tallinn keeps killing the economy after covid crisis.
Jurisdictions around the world are now exploring crypto regulation, either to clamp down on it or embrace it. While Estonia was the first in regulating crypto, its recent crackdown on the industry is a cautionary tale for other countries announcing lenient regulations in a bid to become a crypto-hub. Monika is a tech journalist. She is an avid reader fascinated by classic English literature and enjoys painting and cooking.
When her head is not buried behind a book, she writes about technology like cryptocurrency, blockchain, AI and more. Get the best of Forkast delivered to your inbox daily. Share on twitter Share on linkedin Share on facebook Share on telegram Share on whatsapp Share on line. Is Estonia, once a trailblazer in crypto, now killing it off? Its recently appointed anti-money-laundering chief wants to nullify the rest. Author profile Monika Ghosh Monika is a tech journalist.
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