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Estonia Crypto Licence Acquisition Simplified with Consulting24

  • Business Incorporation Procedure

  • Establishment of a Banking Account

  • Preparation of AML/CTF Compliance Paperwork

  • Application Process for VASP License

  • Inclusion of State and Notary Charges

    Overall Investment: €25,000

Image by Mirko Božić

Our Clients 

Why Estonia?

Estonia's cryptocurrency license provides a unique advantage for crypto businesses due to its zero corporate tax structure, strategic positioning within the European Union, and transparent, well-structured cryptocurrency laws. These factors together create an environment that not only encourages the growth and evolution of crypto enterprises but also ensures full compliance with regulatory standards. Furthermore, the accessibility to European markets coupled with the ease of doing business in Estonia presents a compelling case for entrepreneurs looking to make their mark in the cryptocurrency space.

Estonia Crypto License - Virtual Asset Service Provider

Estonia offers a comprehensive, all-inclusive cryptocurrency license known as the "Virtual Asset Service Provider." This license caters to a wide range of crypto services:

Virtual Wallet and Custodial Services: As part of the licensing provisions, service providers can create and manage cryptographic keys for clients. These keys are used for the safeguarding, storing, and transacting of digital currencies.

Cryptocurrency Exchange Services: The license creates an avenue for seamless interactions between fiat and digital currencies. This facilitates the transition from traditional money into digital assets, and vice versa. Moreover, it encourages transactions among various cryptocurrencies, making it easier to exchange one form of digital currency for another.

Image of Tallinn and  Estonia crypto license

Delving into the Details of Estonia's VASP Services

Crypto to Crypto, Crypto to Fiat, Fiat to Crypto

Streamlining Utility Token Trading: Ensuring Smooth Exchanges of Bitcoin, Ethereum, BNB, and More for USD and Euro Transactions for Clients.


Capitalizing on ICOs, IEOs, and IDOs: Foster Market Innovation with Your Own Unique Utility Token Launch.


Elevate Profit Potentials: Uncover Novel Revenue Streams with Intelligent Cryptocurrency Asset Management.

Branded Debit Card

Harness the Power of Branded Debit Cards for Frictionless Transactions with Key Cryptocurrencies like Bitcoin, Ethereum, BNB, and Others.

Mint & Trade NFTs

Unleashing NFT Creation and Trading: Building Tailored Platforms for Digital Assets. Forge Your Unique Marketplace with Advanced NFT Features.

Custodial Service

Providing Robust Custodial Wallet Solutions: Ensuring Client's Digital Assets are Secure with VASP Licensing. Maintain Absolute Control Over Private Keys for Optimum Security and Authority.

Estonia Crypto License

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€
  • €3,500 - Cost associated with incorporation, the annual fee for an authorized person, and notarial services.

  • €1,500 - For the establishment of a banking account and the registration of share capital to the amount of €100,000.

  • €5,000 - Preparation and submission of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance documents.

  • €15,000 - Comprises of a €5,000 license application fee and €10,000 government charges, which covers the development of a business model, AML paperwork, risk management documents, and the delineation of board member duties.

  • In total, the cost amounts to €25,000.

Additional Services:

€3,500: Cost for procuring a local director. Legal stipulations require one director per two companies, carrying a minimum monthly expense of €2,500.

€3,500: Fee for hiring an Anti-Money Laundering (AML) officer. Each company is mandated to have one AML officer, with a minimum monthly fee of €2,500.

Starting at €600: Monthly overhead for setting up an office.

€3,500: Cost associated with securing an outsourced auditor for financial scrutiny.

Estonia Crypto License Registration Process

Step 1: Conduct Know-Your-Customer (KYC) and Source-of-Funds (SOF) evaluations.

Step 2: Formalize the agreement through a contract.

Step 3: Launch company registration as a Private Limited Company (LTD or OÜ in Estonian) - Completion achievable within 48 hours.

Step 4: Transfer company shares using a notarized Power of Attorney (POA) - Facilitating remote transfers due to COVID-19, thereby eliminating the need for an in-person visit.

Step 5: Following company transfer, commence proceedings to establish a bank or PSP account in an EEA country offering cross-border services in Estonia, or with a provider hosting a branch in Estonia.

Step 6: Register share capital - €100,000 for exchange activities, €250,000 for wallet services.

Step 7: Set up office in Estonia.

Step 8: Secure the appointment of a local director.

Step 9: Designate an AML officer.

Step 10: Submit the application to become a licensed Virtual Currency Service Provider.

Image of Tallinn and Estonia crypto license

Choosing Your Crypto Operation's Headquarters: Estonia, Lithuania, or 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, the leader in Estonia crypto license
Mardo Soo
  • LinkedIn

"At Consulting24, we guide entrepreneurs onto the prosperous path of Estonia's thriving crypto sector. We masterfully simplify complex procedures, turning expenses into worthwhile investments. Our steadfast dedication to ensuring a smooth licensing journey signifies our own ripple in the wave of global change."

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

"As a co-founder at Consulting24, my mission is to streamline the journey into Estonia's vibrant digital economy. By transforming challenges into stepping stones, we facilitate your successful entry into this dynamic crypto sphere. We're not just transforming enterprises, we're revolutionizing the industry."

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