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We help you get an Estonia crypto license with a guaranteed contract.

Estonia is a great place for businesses involved with virtual currencies. In a short time, it has become known as a "cryptocurrency haven" because of its forward-thinking laws. Estonia was the first country in the EU to regulate cryptocurrency businesses. In the past five years, over 2,000 businesses have received a cryptocurrency license, with many opening physical offices in Estonia.

Many entrepreneurs choose Estonia for crypto businesses, Initial Exchange Offerings (IEOs), Initial Coin Offerings (ICOs), and Initial DEX Offerings (IDOs). Even with changes to the law in 2021, getting an Estonia cryptocurrency license is still cheaper than in other countries. The strict rules are actually an advantage because they provide a safer and more trusted market. Cryptocurrencies in Estonia are treated just like regular money, which is better than in places where they are still in a legal "gray area." Estonia is also seen as a strong alternative to Malta and Switzerland due to its friendly legal rules, good tax policies, and lower licensing costs.

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Types of Crypto License in Estonia

According to the latest update to the Anti-Money Laundering and Counter-Terrorist Financing Act, all crypto businesses (including those applying for a license) must give the necessary documents to the regulator, have a physical office, and provide local management. The Estonian Financial Intelligence Unit (FIU) issues the license for virtual value service providers. Company details, license numbers, and information about the person responsible for compliance are publicly available in the online register. Once registered, a crypto business gets Financial Institution (FI) status. The new law combines several types of licenses into one called "Virtual Asset Service Provider," which covers:

Crypto Exchange

Allows companies to exchange digital currency for regular money or other cryptocurrencies, charging a fee.

Crypto Wallet and Custodial Services

Includes managing cold and online wallets for cryptocurrency storage, creating and storing encrypted client keys.

Ready-made company with Crypto
license in Estonia

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Upon Request

Price

1-2 weeks

Duration

Advantages of a Estonia Crypto license

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1

Legal and Clear Regulations

Cryptocurrency activities are fully legal in Estonia, with well-defined regulations, providing a stable and secure environment for businesses to operate.

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2

Cost-Effective Setup

Estonia offers lower registration and setup costs compared to countries like the US, Switzerland, and the UK, making it an attractive option for startups and small businesses.

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3

Favorable Tax Policies

Estonia’s tax system includes a 0% corporate income tax on reinvested profits, allowing businesses to grow without heavy tax burdens.

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4

Strong Digital and IT Leadership

As a digital leader, Estonia has a well-developed infrastructure that supports efficient online business operations, including e-Residency, which allows global entrepreneurs to manage companies remotely.

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5

Efficient Licensing Process

Businesses can obtain a crypto license in 2-3 months through a streamlined application process, benefiting from the same level of protection and regulation as traditional financial institutions.

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Reputation and Trust

Estonia’s strong banking system, regulatory support, and compliance with AML/CFT laws enhance its reputation, instilling high customer trust and credibility in the crypto market.

Requirements for a Crypto license
in Estonia

  • The company must open a business account at a bank in Estonia or a European payment institution that is allowed to operate in Estonia.
  • The company must have at least 12,000 EUR in share capital.
  • The company needs to have a physical office in Estonia with the necessary equipment.
  • At least one board member must live in Estonia, work in the country, and be involved in the company’s activities.
  • All key people (shareholders, directors, key employees) must have a clean criminal record and provide proof to the regulator.
  • The company must have and follow rules for AML (Anti-Money Laundering) and KYC (Know Your Customer), as well as risk management.
  • The company must keep client data and be ready to provide it to the regulator if needed.
  • The company is required to regularly collect customer information (KYC).
  • The directors and AML officers must have the right education, skills, and experience in cryptocurrency.

Procedure for obtaining a Crypto
license in Estonia

1.Company Registration  2-3 weeks

Result: The company is registered, a local director is appointed, and a corporate account is opened.

Steps to start:

  • A scanned copy of your current passport is needed.

  • A brief business plan (1-2 pages) is required.

  • Provide your preferred company name.

  • Budgets and project details are confirmed after the first meeting.

  • Alparanjo’s team will send a Power of Attorney (PoA) and next steps to you.

Company formation:

  • Once the documents arrive at the Estonian office, they are translated into Estonian.

  • A notary appointment is set, and the company is registered in the commercial register within 5 days.

  • All corporate documents are prepared.

  • A corporate account is opened, and you transfer the share capital to the company.

Result: The company meets the Estonian VASP requirements. The AML/KYC policy is ready, and employees are prepared.

  • Preparation of Documents

  • Here are some of the documents you need to prepare:

  • Description of the company structure

  • Compliance documents (AML/KYC/KYT)

  • Business plan, financial documents, and forecasts

  • Details of the technical solutions

  • Internal control procedures

  • Setting up partnerships and hiring employees

Other Steps

  • Hire an AML Officer and other staff

  • Find an office and sign a rental agreement

  • Make early agreements with partners (liquidity providers, KYC/KYT solutions, custody solutions, etc.)

  • Train the staff

Result: The company has received the VASP license and is ready to offer virtual currency services.

Steps to apply for the license:

  • Preparing the application

  • Collecting extra documents needed by the regulator

  • Contacting the regulator

  • Helping with the licensing process

Negotiations with the regulator:

  • Explaining the business model and set policies

  • Making changes to documents and giving more information if needed

Result: The company is fully set up and the VASP license holder is ready to operate.

This step helps keep everything running smoothly and may include:

  • Complete set of official company documents for opening an account (Register Card, AoA, MoA)

  • Internal control services

  • Accountant with experience in cryptocurrency

  • Help with customer complaints

  • Review of AML/KYC procedures

  • Regular employee training

  • Representation during regulator inspections

  • Preparation of legal opinions

Service packages for registration of Crypto
license in Estonia

Choose the best package of services for obtaining a Crypto
license in Estonia (Polish VASP)

Full Package

€ 8000

  • Full Turnkey Company Formation;
  • Registering as Polish VASP within the Regulator;
  • Address of Registration for one year;
  • Obtaining Polish Trusted Profile (“EPUAP”);
  • Individual AML/KYC Policy;
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Individual Package

€ 8000

  • Full Turnkey Company Formation;
  • Registering as Polish VASP within the Regulator;
  • Address of Registration for one year;
  • Obtaining Polish Trusted Profile (“EPUAP”);
  • Individual AML/KYC Policy;
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Essential Package

€ 8000

  • Full Turnkey Company Formation;
  • Registering as Polish VASP within the Regulator;
  • Address of Registration for one year;
  • Obtaining Polish Trusted Profile (“EPUAP”);
  • Individual AML/KYC Policy;
Order now

Find more information about the
Estonia Crypto license

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Comprehensive Services for Business Success

1. A Simple and Personalized Approach

We offer a wide range of services all in one place, helping clients quickly plan and prioritize their strategies, even with limited resources. We provide services like consulting, legal help, and company formation, all aimed at implementing business strategies effectively.

2. Experienced Professionals

Our highly qualified team has many years of experience, so you’ll receive top-notch legal and management consulting services. We support each client in growing their business, tailoring our help to their specific needs and the laws of their country.

3. Building Trust for the Future

We focus on creating strong, trustworthy relationships with our clients. The ongoing cooperation we have with our customers shows the high quality of service that Alparanjo provides.

Any Questions

Frequently Asked Questions

Trading your own cryptocurrencies and purchasing digital assets with your own funds (either as a natural or legal person) does not require a license in Estonia.
Cryptocurrency income is considered gains from the transfer of property and is subject to a 20% income tax rate.
LHV Bank (Estonia) offers a range of crypto services, including custody, trading, and financing.
A new bill establishing legal requirements for cryptocurrency service providers in a bid to regulate the market and increase reliability has been approved by the government.
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