Requirements for crypto licenses in Estonia
Conducting commercial activities in the field of blockchain technologies in Estonia is much easier and more convenient than in other European countries. For receipt cryptocurrency licenses it takes much less time and effort, especially if you turn to real professionals who are well versed in all the nuances of this area.
The E-COMMERCE BROKER company provides a range of services and helps beginning businessmen obtain the necessary permits, register and develop a crypto business legally.
We cooperate with European banks and payment systems that allow you to open accounts for crypto companies. Stages of registering a crypto company in Estonia:
- Registration of a legal entity.
- Obtaining crypto licenses in Estonia.
- Opening an account to start a business.
Upon completion of these three stages, you can begin to implement your crypto project and make a profit.
Cryptocurrency license in Estonia
A single provider license for the provision of services related to cryptoassets is an official document on the basis of which it is permitted to carry out commercial activities in the field of blockchain technologies.
If you decide to register a cryptocurrency project in this country, then you must obtain such a document. The license specifies all the requirements for running a business.
The document itself complies with AML - the law on the prevention of money laundering. The license must be obtained from the Estonian Financial Intelligence Unit (FIU). An application for a cryptocurrency license in Estonia can be either a person who is one of the owners of a crypto business, or a specialist from our company with a power of attorney.
The period for consideration of an application by the Money Laundering Data Bureau is 120 days. The fee for obtaining a license, which must be paid to the Ministry of Finance of Estonia, is 3 Euro. The validity period of the permit is unlimited.
Highly qualified specialists of the E-COMMERCE BROKER Company will take care of all issues related to the process of obtaining a crypto license, and will also help you open a current account with the selected financial institution in a short time.
Conditions for obtaining a cryptocurrency license in Estonia:
- A company operating in the field of blockchain technologies must be registered in Estonia. In addition, the company must also have an office in the country to confirm its real presence.
- Officials included in the management team of a crypto company must have an excellent reputation, have no criminal records or other problems with the law.
- The authorized capital is at least 12 Euro. It is important that the entire amount must be deposited into the current account in fiat (paper) money, Euros.
- Having an account in a bank or other payment system registered in Estonia.
- The company's activities are conducted in strict accordance with AML standards.
The list of documents required for registration cryptocurrency license in Estonia includes: application for permission, copy of the charter, business plan and other papers.
The E-COMMERCE BROKER company will not only help you prepare a full package of documents, register a company and obtain a license, but will also do everything possible to reduce the time and costs of completing the entire procedure.
If you need to get crypto license in Estonia, Contact us, we will be happy to help you!
