I am happy to answer this question

In March, Estonia revised the license application act. New application platforms must apply in accordance with the latest requirements, and already applied platforms must also be processed in accordance with the latest requirements, otherwise they will be cancelled. License permit.

So what are the latest requirements?

Renting the office spaceRenting the office space

Payment account at a crypto-friendly PspOpen an account

Notarized and apostille incorporation documents notarized and apostille documents

p>

Setting up accounting Nominal accountant

Share capital contribution share capital verification

Updated rules of procedureChange the rules of procedure

igning the lease contract for the office Signing an office lease contract

Compilation of the employment contract Labor contract preparation

Tax residency proof from EMTA EMTA's tax residency certificate

VISA applicationVisa application

Submitting a place of residence to the population register Submitting a place of residence to the Resident Registration Office

The official capital verification standard is 12,000 euros, which must be paid in full. You can pay the address fee later. Form expenditures.

There are three ways to obtain an Estonian license now

1. Provide a legal person license yourself (the information is complicated, the legal person needs to attend the Estonian interview in person, and the English must be passed)

2. Hold the license on behalf of a local person (mainstream application method, without too many cumbersome procedures, and need to pay additional holding fees every year)

3. Transfer the license (you need to know whether there are any negatives on the license before transferring, If not, you can still get one)

Application time

It takes about 3 months to hold the license yourself, 2 months to hold it on behalf of someone else, and almost 1 month to transfer. You can find a reliable agency to assist in the application (you know), which is relatively simple.

Summary

Although Estonia has amended the law, applying for a license has become more troublesome than before. However, raising the threshold for applying for a license also shows that the value of the license has increased, so the Estonian license is still worth getting for the trading platform.