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Estonia Crypto License Price: €25,000 All-Inclusive Package at Consulting24

  • Business Registration

  • Facilitation of a Bank Account Set-up

  • Drafting of AML/CTF Compliance Documents

  • Guidance Through VASP License Application

  • Included State and Notary Fees

    Total Costt: €25,000

Image showing Tallinn

Our Clients 

Why Estonia?

Estonia's crypto license brings to the table a distinctive edge, particularly due to its zero-corporate-tax framework, key location within the EU, and straightforward crypto regulations. This combination weaves a conducive ecosystem for crypto ventures to flourish, whilst maintaining absolute regulatory obedience. The seamless access to European markets, dovetailed with the business-friendly atmosphere of Estonia, makes it an irresistible proposition for entrepreneurs aiming to carve their niche in the crypto arena.

Estonia Crypto License 

Estonia proffers a well-rounded, encompassing license for cryptocurrency services, known as the "Virtual Asset Service Provider." This license accommodates a vast array of crypto services:

Virtual Wallet and Custody Services: As an integral part of the license, service providers are permitted to generate and manage cryptographic keys on behalf of their clients. These keys serve the purpose of safeguarding, storing, and transacting digital assets.

Cryptocurrency Exchange Services: The license smoothens the path for transactions between traditional and digital currencies, enabling an effortless switch from fiat money to digital assets and vice versa. Additionally, it facilitates trade between various cryptocurrencies, simplifying the process of exchanging one form of digital currency for another.

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Unpacking the Broad Spectrum of Estonia's VASP Services

Crypto to Crypto, Crypto to Fiat, Fiat to Crypto

Facilitating Utility Token Exchanges: Making Bitcoin, Ethereum, BNB, and Other Cryptocurrency Transactions with USD and Euro More Efficient for Clients.


Leveraging ICOs, IEOs, and IDOs: Cultivate Market Evolution with the Launch of Your Unique Utility Tokens.


Enhance Earning Prospects: Unearth New Income Avenues with Strategic Crypto Asset Management.

Branded Debit Card

Unlock Convenient Transactions with Branded Debit Cards: Seamlessly Trade Leading Cryptocurrencies such as Bitcoin, Ethereum, BNB, and More.

Mint & Trade NFTs

Empowering the Genesis and Trade of NFTs: Customizing Platforms for Digital Assets. Create Your Unique Marketplace Leveraging Advanced NFT Capabilities.

Custodial Service

Offering Solid Custodial Wallet Solutions: Safeguarding Client's Digital Assets via VASP Licensing. Retain Absolute Control Over Private Keys for Ultimate Security and Control.

Estonia Crypto License Price

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€
  • Step 1: €3,500 - Covering costs for company incorporation, annual fee for an authorized person, and notary expenses.

  • Step 2: €1,500 - Accounted for the initiation of a bank account and registration of share capital worth €100,000.

  • Step 3: €5,000 - Allocated for the drafting and submission of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance documents.

  • Step 4: €15,000 - This includes a €5,000 license application fee and €10,000 in government charges. This step involves developing a business model, preparing AML documents, formulating risk management protocols, and outlining the responsibilities of board members.

    The total cost is €25,000.

Additional Services:

1: €3,500 - Expense for recruiting a local director. As per the legal mandate, one director is required for every two companies, carrying a minimum monthly cost of €2,500.

2: €3,500 - The charge for hiring an Anti-Money Laundering (AML) officer. Each company is legally required to appoint one AML officer, with a minimum monthly fee of €2,500.

3: Starting from €600 - The monthly cost for establishing a corporate office.


4. €3,500 - The fee associated with the engagement of an external auditor for financial audits and compliance checks.

Registration Process

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

Step 2: Complete the necessary contract signing.

Step 3: Initiate the company registration as a Private Limited Company (LTD or OÜ in Estonian) - Possible completion within 48 hours.

Step 4: Proceed with company share transfer via a notarized Power of Attorney (POA) - Remote transfers are facilitated in light of COVID-19, eliminating the necessity of a physical visit.

Step 5: Post-transfer, begin the process of opening a bank or PSP account in an EEA country offering services in Estonia, or with a provider that operates a branch in Estonia.

Step 6: Arrange for share capital registration - €100,000 for exchange operations, €250,000 for wallet services.

Step 7: Set up an operational office in Tallinn.

Step 8: Hire a qualified local director.

Step 9: Designate a competent AML officer.

Step 10: Proceed with the application for a Virtual Currency Service Provider License.

Image of Tallinn, panoramic. Representing Estonia crypto license price search interests.

Crypto License Comparison: Estonia, Lithuania, 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 price
Mardo Soo
  • LinkedIn

"At Consulting24, we illuminate the path for entrepreneurs diving into Estonia's dynamic crypto arena. We adeptly navigate complex processes, transforming costs into strategic investments. Our unwavering commitment to facilitating a seamless licensing journey represents our distinct impact on the global stage of change."

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

"As a co-founder of Consulting24, my objective is to ease the pathway into Estonia's thriving digital marketplace. By converting obstacles into opportunities, we guide your prosperous venture into Estonia's vibrant crypto environment. We're not merely reshaping businesses, we're pioneering changes in the industry."

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