As we all know, the Estonian government has an open supervision and positive attitude towards cryptocurrency, and Estonia is a hot spot for cryptocurrency activities. One example is the country's plan to issue a digital cryptocurrency recognized by the state-recently, under the pressure of the European Central Bank, this plan has to be narrowed down. Now it is planned to distribute these digital tokens to electronic residents in China as rewards.
More and more businessmen choose to carry out cryptocurrency transactions in Estonia, and at the same time carry out many other continuous businesses here, so more and more crypto projects are initiated in Estonia.
At present, Estonia issues cryptocurrency trading licenses. The operation of cryptocurrency is restricted by the licensing requirements of other payment instruments. Communication and contact with regulators are very important for blockchain projects. In Estonia, it is much easier to communicate and interact with financial regulators (financial supervision bureau, financial intelligence unit) than in the United States or Singapore.
Estonia is open to entrepreneurs from any country and is recognized as one of the countries in the field of digitalization and information technology. People who want to start a business in Estonia can apply for a resident card, allowing all state governments to serve, which simplifies communication with them. This card helps to avoid formalism and save time.
According to OECD data, Estonia has one of the most competitive tax policies in the world. Estonia does not levy a profit tax. Bitcoin and altcoins do not need to pay vat.
Joining Estonia's cryptocurrency trading license, it has legal operation ability. Private financial services focus on project support related to blockchain technology and cryptocurrency business.
Registration of a license requires the registration of an Estonian company.
Materials to be prepared:
Passport electronic file, address proof electronic file, resume electronic file, no criminal record proof electronic file.
After the company is registered, it will issue a POA signature document, and bring the certificate of no criminal record and the POA signature document to the notary office where the registrant is located for notarization.
Then apply for a license.
The whole process takes about 6~8 weeks.