Countries to obtain a crypto license
Estonia
Lithuania
Benefits of obtaining a license in Estonia
Since 2017, start-ups, IT and also FINTECH companies can carry out legal activities in the field of blockchain technologies in Estonia. On March 10, 2020, amendments to the Money Laundering and Terrorist Financing Prevention Act (MLTFPA) came into force. In accordance with these alterations, a unified license in the field of cryptocurrencies (Virtual Currency Service Provider) was introduced which allows to simultaneously exchange and open customers' e-wallets for storing funds and fulfilling payments in cryptocurrency. This license is perpetual. The body authorized to issue such a license in Estonia is the Estonian Financial Intelligence Unit.
Taxation
Corporate undistributed profit tax is 0%
Lack of red tape
Sometimes even scans or photographs of documents may be suitable, they can also be signed electronically
Obtaining a residence permit
You have the opportunity to obtain a residence permit through the registration of a company, subject to certain conditions
Property liability
There is no personal property liability of shareholders for the LLP's obligations
What is required to obtain a license in Estonia
Company in Estonia
Register a company in Estonia with an authorized capital of 12,000 EUR, director and AML officer, residents of Estonia, and confirm the presence of a real office in Estonia
Information about the board members
Provide the necessary information regarding the members of the board of the company including data on the source of origin of funds, professional experience and no criminal record
Company customer details
Provide the necessary information regarding the company's clients for KYC, the limit for conducting KYC is 15 000 EUR
Get a license instead of a bank account
It is necessary to prepare a business plan, coordinate it with the Estonian Financial Intelligence Unit and pay a state fee of 3 300 EUR
Service cost
Our team
Counsels Legal LP is a team of high-qualified lawyers with more than 10 years of practical experience.
Our lawyers have expertise in various fields of law. Our primary competencies are tax, civil and international law. During our longstanding practice we have formed a wide database of legal cases and solutions which allows us to efficiently and expeditiously assist our Clients with different requests of any complexity.
Our goal is to find a personal approach to each Client and to offer individual solutions optimal for the Client.
We are responsible for the quality of our services with our reputation, therefore we approach our Clients’ businesses with full responsibility, facilitating them to achieve their objectives in a lawful and suitable way, maximally maintaining their privacy.
Our advantages
Highly qualified lawyers with over 10 years of practice
Client confidentiality guarantee
Practical experience in solving complex cases
Work for result at its core
Application of non-standard solutions
Individual approach to each Client
