Heaven Invest OÜ operation license FIU000276
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Business and other management consultancy activities
WHAT IT IS TO DO BUSINESS IN ESTONIA
CRYPTO LICENSES
Companies that deal with digital currencies can apply for 2 different activity licenses:
1. Virtual wallet operating license:
It allows providing virtual currency (hot and cold) wallet service in the framework of which the company generates keys for Clients or keeps Clients’ encrypted keys, which can be used for the purpose of keeping, storing and transferring virtual currencies.
2. Cryptocurrency exchange operating license:
It allows exchanging fiat to crypto, crypto to fiat, crypto to crypto.
The operating licenses are issued by the Estonian Financial Intelligence Unit (FIU), which is an independent structural unit of the Estonian Police and Border Guard Board.
When applied together, two applications must be submitted and two different licenses are issued.
The main acts that regulate the activity can be found here.
The company is qualified as a Financial Institution but has no special reporting requirements to tax authorities. The accounting must be done like for any other company. No special reporting to the regulator is needed, but FIU can always make precepts and inquiries about the company’s activities. You may find Financial Intelligence Unit’s advisory guidelines here.
Required documents:
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Certificate of the register of convictions (a.k.a. criminal record) for all related persons (shareholders, board members, ultimate beneficiary owners and responsible person). A criminal record has to be original, apostilled and submitted to Estonia to our office.
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Passport copies of all above-mentioned persons
In some cases officials have the right to ask for additional information:
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CV-s of related persons
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Description of planned activities
COMPANIES FOR SALE
E-RESIDENCY
E-Residency, powered by the Republic of Estonia, is a concept of a digital nation for global citizens with a host of attendant benefits. A Government of Estonia issued digital ID is made available to anyone in the world. It gives the recipients of the ID the freedom to start and manage a global business in a trusted EU environment.
The entire registration process of the business can be made online, and documents and contracts can be signed digitally. Business banking and online payment providers can be accessed to accept payments from clients worldwide.
We will help you to become e-resident.
RELOCATION ANALYSIS
Are you thinking of relocation to Estonia or setting up an office in Tallinn?
We can make a full report that will give you the full cost of business relocation to Estonia.
Relocation Cost Analysis:
*Workforce permits for existing employees//family
members
*Bets
*Salary analysis within the industry
*Accommodation
*Office space
*Business set-up, licensing
*Tax audit
*Banking account set-up
*Authorised Contact person
*Legal Support
*HR support
*Relocation Support Team
BANKING ACCOUNT
1. Payment institution IBAN account in the UK.
Supported fiat currencies: EUR, GBP
Supported cryptocurrencies: BTC, ETH, LTC, EURS and USDT.
Fees: 30EUR per deposit
API: Crypto to fiat and fiat to crypto trading
Kyc and opening time 30-60days
Service cost 1200EUR
2. A bank account in Lichenstein
Account opening fees (paid to Frick) 2,500 CHF;
Account management fees (annual fee, paid to Frick) 5,000 CHF;
Timeframe 30-60days.
Onboarding fees (paid to Consulting24) 2,000EUR;
3. Payment integration system.
Cross-border software which is connected with many crypto-friendly banks and payment service provides. SEPA payments, debit card payments, crypto to fiat solutions. More than 200+ payment solution types integrated. Each client will be customized according to their needs.
Software fee 2500€ + consulting fee 1000€
PRICES
CRYPTOCURRENCY COMPANY REGISTRATION
Company registration
€ 1300
Exchange license / Wallet license
€ 4100
Total set-up fee
€ 5700
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ANNUAL FEES - PAYABLE UPON ENGAGEMENT
Authorised contact person
€ 250
Company address
€ 250
Total annual fees
€ 500
02
PROCESS AND TIMELINE
1. Company registration (up to 2 days)
2. Applying for the licenses (up to 30 days)
3. Notary visit (requires 1-day trip to Estonia), transfer of company shares to the owner (up to 30 minutes)
4. Transfer of the licenses
03
ESTONIA vs MALTA
TEAM
Mardo Soo
"My goal is to bring all the good blockchain projects to Estonia. I believe Estonia has the greatest
ecosystem for crypto and ICO projects, and is a truly blockchain hub of the Nordics."
Lena Elvbakken
"We aim to provide
quick and efficient business set-up, with a ... smile"
CONTACT US
We Are Here
Rävala puiestee 19, Tallinn, 1043, Estonia
Email :
Phone : +372 5815 5779
