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How Consulting24 Helps Acquire A Crypto Exchange License in Estonia

The acquisition of crypto exchange licenses in Estonia, especially to the new entrants in the industry, may sometimes be demanding. Consulting24 specializes in offering advisory services to clients in the Estonia market pertaining to the Blockchain space owing to its rich experience in the sector.

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Why Consulting24?

At Consulting24, we specialize in assisting our clients from Estonia with obtaining over 200 crypto exchange licenses and registering more than 100 new companies. Our comprehensive services extend to all aspects of the blockchain industry, making us the go-to destination for businesses looking to thrive in this space. Whether you're starting a new company or acquiring an established one, we take care of all the necessary processes. With our expertise and dedication, we serve as the ideal one-stop-shop for all matters concerning the crypto industry.

Our Clients 

Crypto Exchange License in Estonia​

Virtual Currency - Virtual Currency Exchange - The license allows a business to process crypto-crypto transactions.

Virtual currency - fiat currency - The license also allows a business to process fiat-crypto or crypto-fiat transactions.

Virtual wallet service - The license finally allows the business to provide hot and cold digital currency wallet services, as well as the generation and storage of user keys.

The cryptocurrency license in Estonia enables a crypto business to engage in a wide range of activities, including:

  1. Token issuance

  2. Exchange services

  3. Wallet services

  4. Initial Exchange Offerings (IEOs)

  5. Over the Counter Services (OTCs)

  6. Selling of bitcoin through credit/debit card and bank transfers

  7. Trading with utility tokens

  8. Conducting crypto-crypto, fiat-crypto, and crypto-fiat transactions

  9. Buying and selling NFTs

 Image of Bitcoin, mobile app and crypto exchange license in Estonia

Cryptocurrency license requirements

  1. A minimum of 250 000 euros share capital for private limited companies;

  2. Details of the company shareholders;

  3. Company must have local office;

  4. Specification of the company activities;

  5. Bank account;

  6. Local director;

  7. Local AML; 

  8. Monthly auditor; 

Cryptocurrency license cost

  • 3500€ - company registration, authorized person 1-year fee, and notary,

  • 1500€ - banking introduction and registration of share capital to 100 000€;

  • 5000€ - AML/CTF documents; 

  • 15 000€-  Application for the license 5000€, license application government fee 10000€; ( business model description, aml documentation, risk management documentation, board member responsibilities description)

Total: 25000€

Extra if needed:

  • Hire local director - recruitment fee 4000€

  • Hire AML - recruitment fee 4000€;

  • AML - min monthly cost 2500€ ( AML can take max 1 company by law)

  • Local director - min monthly cost 2500€ ( director can take max 2 companies by law)

  • Office: min 600€/month

  • Outsourcing auditor - 4000€ ( monthly & yearly audit required )


  • KYC ( Know-your-costumer) and SOF ( Source-of-Funds);

  • Sign the contract;

  • Company registration (private limited company, LTD, in Estonian - OÜ); The registration process takes up to 48h; -

  • Company shares transfer at the notary via Power of Attorney (POA) - transfer of shares and company remotely (no visit required). The only remote transfer is accepted for the time being due to COVID-19 outbreak; 

  • After company transfer, the client opens a bank account/PSP account in an EEA country that is providing cross-border services in Estonia or which provider has established a branch in Estonia; Registration of share capital: exchange activity 100 000€, wallet activity 250 000€ ;

  • Setting up an office in Tallinn

  • Hire local director

  • Hire AML

  • Virtual currency service provide license application

The Estonia government has one of the easiest requirements in terms of the acquisition of crypto-related licenses. Through its significant digital advancements, Consulting24 helps in crypto exchange licensing to its clients at the most convenient of budgets by understanding the business needs while also advising on ways of leveraging their current status. It eases all the formalities required in the licensing processes.

Why you should consider doing business in Estonia?

E-residency Program

Allows easily to  manage the company

0% Corporate Tax

No corporate tax on profits retained or reinvested.

Accept Payment Worldwide

Receive payments from clients globally.

Online Government 

Company management and tax reports can be submitted online


Company incorporation takes 24h

Prime Regulation

Company minimus share capital is 1€

Why you should consider doing business in Estonia

Estonia, strategically located within the European Union, takes pride in being the pioneer of a fully functional e-residency platform. This platform plays a crucial role in determining the best businesses to start in Estonia, according to Blockchain rankings.

Estonia's e-residency program is a digital identification initiative that offers an affordable way for individuals worldwide to become Estonian residents. Through this platform, all processes and procedures can be completed online, even while awaiting application approvals, which typically take around 3 to 4 weeks.

With Estonian e-residency, citizens from other countries gain the ability to transact and conduct business within Estonia, similar to any local citizen. However, it's important to note that e-residency does not exempt individuals from fulfilling their tax obligations in their respective home countries.

It is crucial to understand that e-residency does not serve as a valid travel document or visa. Its primary purpose is to grant economic rights while excluding social rights.

Embark on your cryptocurrency journey with Consulting24, a premier cryptocurrency consulting firm. With a track record of securing over 500 licenses in Estonia and Lithuania, we're skilled at navigating the complexities of crypto licensing. Delve into our comprehensive services and secure a free consultation to kickstart your global crypto endeavors.

Estonia Vs Lithuania

Consulting24 was established based on a shared vision and a profound comprehension of the revolutionary potential of blockchain and cryptocurrencies. As dedicated cryptocurrency consultants, our mission is to demystify the complexities of the digital asset sphere.

Our primary objective is to streamline the intricate landscape of virtual assets.


We provide businesses with a clear and accessible roadmap to seamlessly integrate this technology into their operational framework. This includes guidance on adopting digital currencies, facilitating token issuance, and launching NFTs. Our aim is to simplify and facilitate the incorporation of blockchain-based solutions for our clients.

Mardo Soo, CEO of Consulting24, crypto exchange license in Estonia

CEO - Mardo Soo 

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