Consulting24 Team
Mardo Soo
Founder
As the CEO of Consulting24, my main aim is to act as a beacon of guidance for trailblazers venturing into Estonia's dynamic crypto market. Our strength resides in demystifying intricate processes. Our unwavering determination to streamline the journey towards licensing emphasizes our distinctive contribution in this global metamorphosis.
Lena Elvbakken
Co-Founder
As a founder of Consulting24, our ambition is to guide enterprising innovators through the complex terrain of Estonia's vibrant crypto ecosystem. Our unyielding commitment to decoding complex licensing protocols underlines our singular position in this global transformation.
Our Clients
Cryptocurrency License Comparison: Estonia vs. Lithuania vs. Dubai
Feature | Dubai | Lithuania | Estonia |
|---|---|---|---|
Cost | 20 000€ | 20 000€ | 25 000€ |
License Type & Government fee | 1. 9,700€ - Advisory Services & VA Transfer and Settlement Services | 1. Cryptocurrency exchange license
2. Crypto wallet and custodian services license
| 1. Cryptocurrency exchange license
2. Crypto wallet and custodian services license
|
2. 24,250€ - Broker-Dealer, Custody, Exchange, Lending and Borrowing & VA Management and Investment Services | No additional fee | 10 000€ | |
Audit | May be required by VARA | Not required | Monthly and yearly are needed |
Office | Required | Can be virtual | Required |
AML (Anti-Money Laundry Officer) | Can be any nationality | Local needed | Local needed |
AML monthly salary | 5000€ | Starting from 1200€ | Starting from 2000€ |
Local director | Can be any nationality | Can be any nationality | Can be of any nationality, but have to live in Estonia |
Share capital terms | Immidiately | 25% now, 75% within a year.
| Immediately |
Required share capital | 24,250€ (Advisory Services) - 194,000€ (Exchange Services)
| 125 000€ | 100 000€ - Crypto wallet and custodian services license.
250000€ - Cryptocurrency exchange license |
Estonia, Lithuania, and Dubai each offer unique advantages in the crypto licensing landscape. Estonia impresses with its progressive tech environment and favorable tax regime. Lithuania attracts with moderate tax rates and clear regulatory guidelines. Dubai stands out for its strategic location and business-friendly environment. However, given the complexities of different regulatory and tax structures, obtaining a cryptocurrency advisory is crucial. Our consultants at Consulting24 can help you navigate these nuances to choose the best jurisdiction for your crypto business. If you're interested, delve deeper below.
Why Consulting24?
Cryptocurrency Advisory Pioneer: Consulting24 Marks Over 500 Licenses
