The latest process for applying for an Estonian virtual currency trading license in 2021

Establishing a company and obtaining a virtual currency service provider license (three stages)

Phase 1

Establishing an Estonian company? Registering a company requires:

Contact person and legal address for one year of service;

Obligations stipulated by the state;< /p>

Sworn translation of the power of attorney and application form by shareholders/members of the board of directors;

Secretary fees.

Time frame for this phase: 7-14 days

Phase 2

FIU requirements

1.? The company’s management committee Must be located in Estonia and the company must have a local (Estonian) AML officer who will be able to represent the company before the FIU. The only board member and AML officer. Shareholders may serve as corporate prosecutors or have the authority to appoint prosecutors (persons with authority to represent the company);

2.? Local entity offices. One fee search + (rent + utilities) or you can pay directly to the landlord;

Authorized capital in the amount of 12000 euros. Note: The registered capital of 12,000 euros must be paid, you can use this amount during the year for the company's needs, but at the end of each financial year, you must prove that you have this amount on your company account.

3. The company must have a company account in the EEA. (Excludes bank fees and company documents)

Time frame for this phase: 14-21 days

Phase 3

Get "virtual valuables" The "Item Service Provider" license process includes:

··Application;

··Perform the entire process of obtaining the "Virtual Valuable Item Service Provider" license;

··AML procedures, AML policies and other documentation;

··The price includes state tax of 3300 euros.

Timeframe for this phase: 30-60 days

The typical time frame for establishing a company and obtaining a license is 60-90 calendar days after we receive all necessary documents.