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The Comprehensive Guide to Obtaining an Estonia Crypto License

VASP license Estonia
  1. Company registration

  2. VASP license application

  3. State and notary fees included

  4. AML/CTF documentation

  5. Banking account opening

25 000 €

Our Clients 

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Estonia Crypto License

Estonia grants a unified, all-encompassing crypto license termed as the "Virtual Asset Service Provider." This license blankets multiple domains of crypto services:

Virtual Wallet Service: This license allows the provision of digital currency services, enabling the company to create or manage keys for clients. These keys can be utilized for storing, safeguarding, and transferring virtual currencies.

Exchange of virtual money against fiat currency: The License facilitates transactions between fiat and cryptocurrency, allowing parties to convert fiat money into crypto money and vice versa.

 Exchanging virtual currency against the virtual currency: This License permits transactions from fiat to crypto money and crypto to crypto money, thus facilitating the exchange between different virtual currencies.

License requirements


  • A minimum of 100 000€ share capital (wallet service) and 250 000€ (exchange service);

  • A minimum 1 shareholder;

  • Local office;

  • Bank account;

  • Local director;

  • Local AML (Anti-Money Laundry officer) ; 

  • Monthly and yearly audit; 

    The whole process takes 6-9 months.

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  • 3500€ - Incorporation, annual authorized person fee, and notarial charges;

  • 1500€ - Banking account opening and registering share capital to €100,000.;

  • 5000€ - AML/CTF Compliance Papers; 

  • 15 000€-  License application fee of €5,000, with a governmental charge of €10,000; includes a business model outline, AML documentation, risk management papers, and board member duty descriptions.

    Total: 25000€

Extra services:

  • 4000€ - Recruitment fee for local director;

  • 4000€ - Recruitment fee for AML officer;

  • Minimum monthly AML officer cost: €2,500 (by law, one AML officer per company);

  • Minimum monthly local director cost: €2,500 (by law, one director per two companies);

  • Office costs starting from €600/month;

  • 4000€ -  Outsourced auditor (monthly and yearly audits required);


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  • Conducting KYC (Know-Your-Customer) and SOF (Source-of-Funds) checks;

  • Signing of the contract;

  • Registering the company as a private limited company (LTD, or OÜ in Estonian); process completed in up to 48 hours;

  • Transferring company shares at the notary via Power of Attorney (POA) - remote transfers allowed due to COVID-19, no physical visit required;

  • Post company transfer, client to open a bank or PSP account in an EEA country offering cross-border services in Estonia, or a provider with a branch in Estonia;

  • Registration of share capital: €100,000 for exchange activity, €250,000 for wallet activity;

  • Establishing an office in Tallinn;

  • Hiring a local director;

  • Appointing an AML officer:

  • Submitting the application for a virtual currency service provider license;

Why Consulting24?

At Consulting24, our proficiency lies in aiding our Estonian clients in procuring over 500 crypto exchange licenses. Our all-encompassing services encompass every facet of the blockchain realm, making us the preferred choice for businesses seeking success in this sector. Be it the establishment of a new venture or the acquisition of an existing one, we handle all essential proceedings. Through our in-depth knowledge and unwavering commitment, we stand as the quintessential one-stop solution for any issue related to the Estonia crypto license and the wider crypto industry.


Our Team 

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

"As a co-founder specializing in Estonia company registration and Estonia crypto license acquisition, I extend an unrivaled expertise in guiding clients through the setup of their businesses in this burgeoning digital frontier. Our services facilitate effortless navigation through Estonia's distinct business and regulatory frameworks, paving the way for your venture to prosper within this innovative digital nation."

Mardo Soo, CEO of Consulting24, leader in Estonia crypto license
Mardo Soo
  • LinkedIn

"As the founder of Consulting24, my objective is to assist entrepreneurs in setting up their businesses and securing an Estonia crypto license in Estonia. Utilizing the advantageous regulatory climate of the FCIS, our expert team simplifies the licensing process while efficiently managing costs. Count on Consulting24 to steer you through this revolutionary transition within Estonia's vibrant cryptocurrency market."

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