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Obtain your cryptocurrency license in Estonia effortlessly with Consulting24

With over 500 successful licenses in Estonia and Lithuania, your success is assured with us.

  • Process of Setting up a Corporation

  • Assistance in Creating a Bank Account

  • Preparation of AML/CTF Compliance Files

  • Help with VASP License Application

  • Including State and Notary Fees

    Total Cost: €25,000

Image by Ilya Orehov

Our Clients 

Why Estonia?

Estonia's cryptocurrency license is particularly desirable, thanks in part to its zero corporate tax structure, advantageous EU positioning, and clear crypto regulatory framework. These elements together create a supportive atmosphere for the growth of crypto businesses while maintaining complete regulatory adherence. The ease of access to European markets coupled with Estonia's business-friendly environment presents an inviting proposition for entrepreneurs aiming to make their mark in the crypto space.

Cryptocurrency License Estonia

Image for Tallinn and cryptocurrency license Estonia

Estonia offers a comprehensive cryptocurrency license, known as the "Virtual Asset Service Provider." This license encompasses a wide range of crypto services:

Cryptocurrency Wallet and Custody Services: An integral component of this license permits service providers to generate and manage cryptographic keys for their customers. These keys are fundamental for the security, storage, and transfer of digital currencies.

Cryptocurrency Exchange Services: The license smooths the way for transactions between traditional fiat and digital currencies. It supports an easy transition from standard money to digital assets and vice versa. In addition, it helps facilitate trades between various cryptocurrencies, making the exchange of one form of digital currency for another simpler.

Decoding Estonia's VASP Services: A Detailed Insight

Crypto to Crypto, Crypto to Fiat, Fiat to Crypto

Boosting Utility Token Exchanges: Ensuring Frictionless Trades from Bitcoin, Ethereum, BNB, and Other Cryptocurrencies into USD and Euro for Customers.


Capitalizing on ICOs, IEOs, and IDOs: Accelerate Market Evolution with the Introduction of Your Unique Utility Tokens.


Maximizing Profit Prospects: Explore New Income Avenues with Astute Cryptocurrency Asset Management.

Branded Debit Card

Enabling Effortless Payments with Bespoke Debit Cards: Ensure Smooth Trades of Major Cryptocurrencies such as Bitcoin, Ethereum, BNB, and Others.

Mint & Trade NFTs

Driving NFT Genesis and Trading: Personalize Platforms for Your Digital Assets. Carve Your Unique Marketplace with Modern NFT Technologies.

Custodial Service

Delivering Reliable Custodial Wallet Solutions: Securing Clients' Digital Assets via VASP Licensing. Maintain Full Authority Over Private Keys for Supreme Safety and Independence.

Cryptocurrency License Estonia Registration

  • Step 1: €3,500 - This expense incorporates the formation of the company, the annual payment for an accredited representative, and notarial charges.

  • Step 2: €1,500 - This fee is for the setup of a bank account and the enrollment of share capital valued at €100,000.

  • Step 3: €5,000 - This cost covers the creation and submission of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance reports.

  • Step 4: €15,000 - This sum comprises a €5,000 license application fee and €10,000 in administrative costs. This key stage involves developing a viable business model, assembling AML documents, planning risk management strategies, and outlining the roles and responsibilities of board members.

Crypto Wallet and Custodian Services
Crypto Exchange
Setup time
~6 months
~6 months
Monthly and Yearly
Monthly and Yearly
Government Fee
10 000€
10 000€
Local AML
Local Director
Bank Account
Share Capital
100 000€
250 000€

Extra Services:

1: €3,500 - The expense for appointing a local director, as required by law. Each director can manage two companies, leading to a minimum monthly charge of €2,500.

2: €3,500 - The cost involved in hiring an Anti-Money Laundering (AML) officer. The law mandates every company to have an AML officer, contributing to a minimum monthly fee of €2,500.

3: Starting from €600 - The rough monthly expenditure for setting up and running a corporate office.

4: €3,500 - The cost incurred for involving an external auditor. This helps in executing financial audits and ensuring regulatory compliance.

Registration Process

Step 1: Begin the Know-Your-Customer (KYC) and Source-of-Funds (SOF) assessment process.

Step 2: Wrap up the requisite agreement formalities.

Step 3: Kickstart the company formation process as a Private Limited Company (LTD or OÜ in Estonian), a process that can be completed in as little as 48 hours.

Step 4: Conduct the share transfer of the company through a notarized Power of Attorney (POA). Due to the prevailing COVID-19 situation, remote transfers are facilitated, hence no need for a physical visit.

Step 5: Once the transfer is complete, proceed with establishing a bank or PSP account in an EEA country that offers services in Estonia, or with a provider that has a branch in Estonia.

Step 6: Register share capital - set at €100,000 for exchange operations and €250,000 for wallet services.

Step 7: Set up an operational office in Tallinn.

Step 8: Onboard a competent local director.

Step 9: Appoint a skilled AML officer.

Step 10: Initiate the application process for a Virtual Currency Service Provider License.

Image by Mirko Božić

A Comparative Study of Estonia, Lithuania, and Dubai.

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€
May be required by VARA
Not required
Monthly and yearly are needed
Can be virtual
AML (Anti-Money Laundry Officer)
Can be any nationality
Local needed
Local needed
AML monthly salary
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
25% now, 75% within a year.
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

Our Team 

Mardo Soo, CEO of Consulting24, at the forefront of cryptocurrency license Estonia
Mardo Soo
  • LinkedIn

"As the driving force behind Consulting24, my vision is to guide entrepreneurs making strides in Estonia's dynamic crypto landscape. We excel at simplifying complex proceedings, transmuting expenses into meaningful investments. Our unwavering pledge to ease the licensing process accentuates our singular role in this globally transformative momentum."

Lena Elvbakken, Founder  of Consulting24, a leader in cryptocurrency license Estonia
Lena Elvbakken
  • LinkedIn

"As the cornerstone of Consulting24, we exist to guide entrepreneurs embarking on Estonia's thriving crypto voyage. We specialize in decoding complex formalities, metamorphosing expenditures into valuable investments. Our steadfast commitment to a seamless licensing process mirrors our unique contribution in navigating the transformative global wave."

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