Estonia is a member of the European Union and one of the three Baltic countries. The government’s open supervision and positive attitude towards cryptocurrency make it a popular area for cryptocurrency activities.

It is the first country in the world to issue tokens ICO in the name of the country.

As a true digital currency license, the Estonian dual license includes a digital currency transaction license and a wallet license. The business scope can reflect digital currency transactions, including blockchain technology development, exchange currency, legal currency, Contracts, wallets, etc. permissions. For the project side, this license can be said to be very practical. Therefore, Estonian MTR has been sought after by major project parties due to its ultra-high gold content.

According to the OECD, Estonia has one of the most competitive tax policies in the world. No profit tax applies in Estonia. Bitcoins and altcoins are not subject to VAT.

Documents required to apply for an Estonian MTR license:

1. The company name needs to be verified. It cannot be too long and cannot involve trademark words.

2. Director information (ID card) and English resume (financial related).

3. Original certificate of no criminal record of the director

4. Notarized POA signature document

5. Registration time: about 45 working days

It becomes more difficult to apply in Estonia, and you will be randomly checked to answer questions. The new policy stipulates an increase in actual office work (including already processed). The office address needs to be leased on a long-term basis and requires staff. Do you think Estonian license plates are troublesome? In fact, these are not problems – they can all be solved. But it will indeed become more and more difficult to apply in Estonia in the future.

Estonia application process; first register a local company and then apply for a license

Documents required for license application: Provide criminal certificate + passport + address proof (notarization required)

I would like to repeat the question about being randomly checked. The probability of being randomly checked is very high, so you must understand English (answers must be in English or Estonian) or use other methods to discuss in detail.

Follow-up costs: Company annual review + maintenance fee/year