Cryptocurrency exchange license in Estonia

Estonia crypto exchange license

Many companies whose activities imply working with crypto wallets and cryptocurrency exchanges give preference to Estonia for licensing. In this small country, you can profitably launch a cryptocurrency exchange, in particular, due to the minimum rate of corporate income tax — 0%.

Estonia crypto exchange license is a mandatory permission document. All business owners working in this field must obtain it to legally provide their services.

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Steps

Company registration in Estonia

It is necessary to register a local company, for which a license will subsequently be issued. You should select the name of the company, indicate the participants and provide their documents in order to register a company.

Account opening

The company needs to open a bank account in order to deposit the share capital. Opening an account is a complex process that should be entrusted to professionals. In order to open an account, you should to collect a package of documents and competently conduct further negotiations.

Contribution of authorized capital

The exact amount of authorized capital depends on the type of the license. The beneficiary must provide documents on the source of origin of funds contributed as authorized capital upon bank's request.

Hiring required employees

The company must have key positions employees, some of them must be local. We will help with the search and selection of employees.

Office rent

One of the mandatory requirements is office rent. We will select a budget option that meets the requirements.

Preparation of documents for applying for a license

It is necessary to prepare a business plan, and policies. In addition, application forms must be filled out. The client will only need to provide a basic information, on the basis of which we will prepare documents, taking into account local legislation.

Filing an applicationa

It is necessary to submit an application to the regulator after preparing the company and documents. After submitting an application, you must be ready to answer additional questions from the regulator. We will take care of timely and competent answers.

Obtaining a license

The company receives a license after successfully passing the previous stages. At the same time, it must begin work within six months from the date of receipt of the license. Otherwise, the license may be cancelled.

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Cryptocurrency exchange license in Estonia

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Cryptocurrency exchange license in Switzerland

Switzerland is not only one of the world's financial centers but also a pioneer in the development of the crypto business. Back in 2014, the Confederation fixed the legal status of non-fiat currencies. The legal recognition of crypto assets launched the active development of the financial market trading in digital currencies.

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Frequently Asked Questions:

In order to carry out crypto-currency services (exchange fiat-to-cryptocurrency, crypto-to-fiat, crypto-to-crypto, opening crypto-wallets), Estonian companies must obtain an appropriate license

In order to obtain a cryptocurrency license, opening an account in a payment system or bank authorized in Estonia is mandatory. The company must deposit the authorized capital into this account. Also, an account will be required for further commercial activities.

The terms for obtaining a cryptocurrency license depend on the promptness of all necessary actions, the speed of opening an account by payment institutions, the speed of consideration of the company's application by the regulator. The review period may take six months.

The license for the exchange of cryptocurrencies is termless. But periodically you need to submit reports and adapt the company under new changes.