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Consulting24: Securing Your Spot in Estonia's Crypto License List

  • Company Registration Process

  • Banking Account Setup

  • Drafting AML/CTF Compliance Documents

  • VASP License Application

  • Coverage of State and Notary Fees

    Total Cost: €25,000

Image by Julius Jansson

Our Clients 

Why Estonia?

Estonia's crypto license offers a distinct edge with its no corporate tax structure, ideal EU location, and crystal-clear crypto laws. This setup encourages the evolution of crypto enterprises, promoting expansion and maintaining regulatory adherence.

Estonia Crypto License - Virtual Asset Service Provider

Estonia grants a unified, extensive crypto license, termed as the "Virtual Asset Service Provider." This license includes a broad spectrum of crypto services:

Virtual Wallet and Custodian Services: This component of the license enables service providers to generate and oversee keys for clients. These keys are employed for the storage, protection, and transfer of digital currencies.

Crypto Exchange Services: The license allows the smooth execution of transactions between fiat and digital currencies, enabling the conversion from traditional money into cryptocurrencies, and vice versa. Additionally, it facilitates transactions between various digital currencies, simplifying the process of trading one type of cryptocurrency for another.

Exploring Estonia VASP Services in Depth

Crypto to Crypto, Crypto to Fiat, Fiat to Crypto

Utility Token Exchange: Facilitating Seamless Transactions of Bitcoin, Ethereum, BNB, and Others into USD and Euro for Customers.


Optimizing ICOs, IEOs, and IDOs: Propel Market Evolution with Your Unique Utility Token Debut.


Boost Revenue Opportunities: Discover New Earning Pathways with Savvy Crypto Asset Management.

Branded Debit Card

Leverage Branded Debit Cards for Smooth Transactions with Prominent Cryptocurrencies like Bitcoin, Ethereum, BNB, and Beyond.

Mint & Trade NFTs

Empowering NFT Generation and Trade: Crafting Bespoke Platforms for Digital Assets. Shape Your Distinctive Marketplace with Cutting-Edge NFT Functionality.

Custodial Service

Delivering Secure Custodial Wallet Solutions: Safeguarding Client's Digital Assets with VASP Licensing. Retain Full Command Over Private Keys for Superior Security and Autonomy.

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 - For incorporation, annual authorized person's fee, and notary expenses.

  • €1,500 - For setting up a bank account and registration of a €100,000 share capital.

  • €5,000 - For Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) documentation.

  • €5,000 - License application fee, and €10,000 for government charges. This includes drafting a business model, preparing AML and risk management documents, and detailing board member responsibilities.

    Total Cost: €25,000.

Additional Services:

  • €3,500: Local Director Recruitment. The minimum monthly charge for a local director, as mandated by law, is €2,500 (one director required for every two companies).

  • €3,500: AML Officer Recruitment. The law requires at least one AML officer per company, with a minimum monthly cost of €2,500.

  • From €600: Office Establishment per month.

  • €3,500: Procurement of an External Auditor.

Estonia Crypto License List Registration Process

Step 1: Carry out Know-Your-Customer (KYC) and Source-of-Funds (SOF) procedures

Step 2: Execute the contractual agreement

Step 3: Initiate company registration as a Private Limited Entity (LTD or OÜ in Estonian) - Completion possible within 48 hours

Step 4: Execute company shares transfer via Notary-backed Power of Attorney (POA) - Remote transfers enabled due to COVID-19, negating the need for physical visit

Step 5: Post-company transfer, initiate the process to open a bank or a PSP account in an EEA nation offering cross-border services in Estonia or with a provider operating a branch in Estonia

Step 6: Undertake share capital registration - €100,000 for exchange activities, €250,000 for wallet operations

Step 7: Set up a corporate office in Tallinn

Step 8: Appoint a local director

Step 9: Assign an AML officer

Step 10: Lodge the application for acquiring a Virtual Currency Service Provider

 Image for Estonia crypto license register list, tallinn on the picture

Choosing Your Crypto Base: 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, leader in Estonia crypto license list
Mardo Soo
  • LinkedIn

"At Consulting24, our purpose is to lead aspiring entrepreneurs towards the prosperous landscape of Estonia's crypto sector. We transform intricate procedures into streamlined processes and expenditures into value-adding investments. Our commitment to making the licensing journey smooth and uncomplicated signifies our contribution to global change."

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

"As a co-founder of Consulting24, my goal is to demystify the process of starting a crypto business in Estonia. We turn potential challenges into opportunities, paving the way for your successful entrance into Estonia's booming digital sector. We're not just changing businesses; we're changing the industry."

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