CRYPTOCURRENCY COMPANY REGISTRATION IN ESTONIA
Company registration 2000€
Authorised contact person 500€
Virtual Currency Service Provide License
Local director recruitment 2000€
Total 15 000€
OVER 150 LICENSES ISSUED
Heaven Invest OÜ operation license FIU000276
Business and other management consultancy activities
WHAT IT IS TO DO BUSINESS IN ESTONIA
Companies that deal with digital currencies can apply for Virtual Currency Service Provider license:
1) It allows providing 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;
2) It allows exchanging fiat to crypto and crypto to fiat;
3) It allows exchanging crypto to crypto;
The licenses is issued by the Estonian Financial Intelligence Unit (FIU).
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. You may find Financial Intelligence Unit’s advisory guidelines here.
Certificate of the register of convictions (a.k.a. criminal record) for all related persons (shareholders, board members, ultimate beneficiary owners and responsible person). A criminal record has to be original, apostilled and submitted to Estonia to our office.
Passport copies of all above-mentioned persons
Local director/AML officer;
Proof of the impeccable reputation of the AML Compliance Officer;
Office in Tallinn;
A bank account/PSP account in an EEA country which is providing cross-border services in Estonia or which provider has established a branch in Estonia;
In some cases officials have the right to ask for additional information:
CV-s of related persons
Description of planned activities
COMPANIES FOR SALE
E-Residency, powered by the Republic of Estonia, is a concept of a digital nation for global citizens with a host of attendant benefits. A Government of Estonia issued digital ID is made available to anyone in the world. It gives the recipients of the ID the freedom to start and manage a global business in a trusted EU environment.
The entire registration process of the business can be made online, and documents and contracts can be signed digitally. Business banking and online payment providers can be accessed to accept payments from clients worldwide.
We will help you to become e-resident.
Are you thinking of relocation to Estonia or setting up an office in Tallinn?
We can make a full report that will give you the full cost of business relocation to Estonia.
Relocation Cost Analysis:
*Workforce permits for existing employees//family
*Salary analysis within the industry
*Business set-up, licensing
*Banking account set-up
*Authorised Contact person
*Relocation Support Team
UK - PSP
Supported fiat currencies: EUR, GBP
Supported cryptocurrencies: btc, eth, ltc, eurs and usdt.
Fees: 30EUR per deposit
Kyc and opening time 30-60days
Estonian crypto licenses accepted
Service cost 1200EUR.
Lithuania - PSP
Supported fiat: EUR
Send SEPA - free
Receive SEPA - free
Monthly account fee - 10€
KYC and opening time 30days
Estonian crypto licenses accepted
Service cost 1200EUR
Supports GBP, EUR, USD
1mln - 100GBP
2mln - 200GBP + 1 time fee 400GBP
5mln - 350GBP + 1 time fee 450GBP
10mln - 500GBP + 1 time fee 520GBP
100mln - 1250GBP + 1 time fee 650GBP
1bln- 3000GBP + 1 time fee 800GBP
High risk costumers x2 fees
EUR - Withdrawal SEPA - 2eur
EUR - Deposit SEPA - free
GBP- deposit (fps) - free
GBP - withdrawal (fps) - 2.5GBP
Crypto to fiat 0,5% - Kraken rate
Consulting fee 1500€
Service cost 2000EUR
CRYPTOCURRENCY COMPANY REGISTRATION
€ 2 000
Authorized contact person
Virtual currency service provider license
€ 10 000
Office ( 2000€- 3 months, 3,500€ - 6 months, 6,000€- year)
Office equipment 1500€
AML officer 200-1200€ monthly
Total set-up fee
€ 16 000
ANNUAL FEES - PAYABLE UPON ENGAGEMENT
Authorised contact person
Total annual fees
PROCESS AND TIMELINE
1. Company registration (private limited company, LTD, in Estonian - OÜ) with a paid share capital of minimum 12 000;
At this stage, Is needed name, address, e-mail address, phone number, passport copy.
The registration process takes up to 48h.
2. Apply for license:
The virtual currency service provider license covers:
1. Virtual wallet service.
It allows providing hot and cold virtual currency wallet service, generating or storing users keys for the purpose of keeping, storing and transferring virtual currencies;
2. Exchanging virtual currency against fiat currency. Licenses allow fiat to crypto, crypto to fiat transactions;
3. Exchanging virtual currency against the virtual currency. Licenses allow crypto to crypto transactions.
At this stage I would need police clearance certificate ( according to the passport), in English, notarized and verified by apostille;
Project ´s website address (if any), your CV, country of birth.
3. Company shares transfer via Power of Attorney.
We Are Here
Rävala puiestee 19, Tallinn, 1043, Estonia
Phone : +372 5815 5779