Our Team
Mardo Soo - CEO
Mardo, CEO at Consulting24, leads the way in digital currency consulting. His focus is not only on client onboarding but also on fostering strong, lasting relationships, making him instrumental in guiding clients through the complexities of the cryptocurrency landscape.
Lena Elvbakken - Founder
As the co-founder and CEO of Consulting24, Lena is steadfast in her commitment to guide innovators through the intricate processes of exchange and token launches in crypto-friendly territories like Estonia, Lithuania, and Dubai. As a significant figure in the digital currency consulting industry, she streamlines the procedures involved in launching a cryptocurrency exchange, thereby cementing Consulting24's influential role in the global crypto transformation.
Our Client Base
Crypto Exchange Launch: Decrypting Licenses in Estonia, Lithuania, and Dubai
Venturing into the world of crypto exchange launch necessitates obtaining a crypto license, a task that can vary considerably across jurisdictions. Notably, Estonia, Lithuania, and Dubai each provide distinct benefits and processes for licensing:
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Estonia: Esteemed for its tech-advanced milieu, Estonia outlines a distinct framework for crypto entities and boasts a 0% corporate tax. This, combined with its reputation for digital governance and crypto-receptiveness, sets it apart.
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Lithuania: Recognized for its moderate tax system and lucid regulatory guidelines, Lithuania facilitates a transparent licensing process. Being a part of the European Union, it may also ease access to the EU market.
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Dubai: Owing to its strategic geographical position and pro-business environment, Dubai administers crypto licenses through its free zone authority. Its technological infrastructure strength and standing as a global business hub make it a prime choice.
Deciding on a crypto license necessitates a thorough understanding of the regulatory climate, tax implications, and business infrastructure. Enlisting the help of a seasoned advisory service like Consulting24 can help. We offer bespoke guidance based on your individual needs and goals.
A Comparative Crypto License Study of Estonia, Lithuania, and 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 |
Why Consulting24?
Leaders in Digital Currency Consulting with Over 500 Licenses Delivered
