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Estonia Crypto License Register: Expert Guidance by Consulting24

  • Registering Your Company

  • VASP License Application Procedure

  • Inclusive of State and Notary Fees

  • AML/CTF Documentation Preparation

  • Assistance in Opening a Banking Account


Price: €25,000

Our Clients 

Image by Kevin McMahon

Why Estonia?

Estonia's crypto license presents a unique advantage with its 0% corporate tax policy, strategic location within the EU, and transparent cryptocurrency regulations. It provides a conducive environment for crypto businesses, fostering growth while ensuring regulatory compliance.

Estonia Crypto License - Virtual Asset Service Provider

Estonia provides a single, comprehensive crypto license known as the "Virtual Asset Service Provider." This license encompasses several areas of crypto services:


services license

  1. Crypto wallet and custodian Services: This facet of the serivce allows the provider to create and manage keys for clients, which can be utilized for the storage, safeguarding, and transfer of virtual currencies.

  2. Crypto Exchange: The service paves the way for seamless transactions between fiat and cryptocurrencies, facilitating the conversion from fiat money into digital currencies and the reverse. This also permits transactions between different cryptocurrencies, making it easier to conduct exchanges from one virtual currency to another.

Exploring VASP Services in Depth

Crypto to Crypto, Crypto to Fiat, Fiat to Crypto

Utility Token Trading: Enabling Effortless Exchanges of Bitcoin, Ethereum, BNB, and More for USD and Euro for Clients"


Maximizing ICOs, IEOs, and IDOs: Drive Market Innovation with Your Exclusive Utility Tokens Launch


Maximize Revenue Prospects: Reveal Fresh Income Channels with Smart Crypto Asset Management.

Branded Debit Card

Utilize Branded Debit Cards for Seamless Transactions with Leading Cryptocurrencies such as Bitcoin, Ethereum, BNB, and More.

Mint & Trade NFTs

Facilitating NFT Creation and Exchange: Developing Custom Platforms for Digital Assets. Carve Out Your Unique Marketplace with Advanced NFT Capabilities.

Custodial Service

Providing Secure Custodial Wallet Solutions: Protecting Client's Digital Assets with VASP Licensing. Maintain Complete Control Over Private Keys for Enhanced 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 - Incorporation costs, yearly authorized person fee, and notary charges;

  • €1,500 - Bank account establishment and the registration of €100,000 share capital;

  • €5,000 - Documentation for Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT);

  • €15,000 - License application fee including a governmental fee; this encompasses a business model outline, AML documents, risk management paperwork, and descriptions of board member duties.

Overall Total: €25,000

Additional Services:

  • €3,500 - Hiring fee for local director; Minimum monthly cost for local director: €2,500 (as per legal requirement, one director for every two companies);

  • €3,500 - Hiring fee for AML officer; Minimum monthly cost for AML officer: €2,500 (as per legal requirement, one AML officer per company);

  • Starting office costs from €600 per month;

  • €3,500 - Fee for outsourced auditor

Estonia vs Lithuania vs Dubai: A Comprehensive Crypto License Comparison

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

If you're keen to explore the intricacies of the digital currency realm, understanding the nuances of Crypto tax regulations is crucial. Dive deeper to stay compliant and informed in this ever-evolving space.

Process of Estonia Crypto License Register

estonia crypto license register

Step 1: Perform Know-Your-Customer (KYC) and Source-of-Funds (SOF) Checks

Step 2: Sign the Contract

Step 3: Register the Company as a Private Limited Company (LTD or OÜ in Estonian) - Can be completed within 48 hours

Step 4: Transfer Company Shares at the Notary using Power of Attorney (POA) - Remote transfers are allowed due to COVID-19, no physical visit required

Step 5: Open a Bank or PSP Account in an EEA country offering cross-border services in Estonia, or a provider with a branch in Estonia, after company transfer

Step 6: Register Share Capital - €100,000 for exchange activity, €250,000 for wallet activity

Step 7: Establish an Office in Tallinn

Step 8: Hire a Local Director

Step 9: Appoint an AML Officer

Step 10: Submit the Application for a Virtual Currency Service Provider License


Our Team 

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

"At Consulting24, our mission is to guide entrepreneurs into Estonia's thriving crypto industry. We turn complexities into simplicity and costs into investments, helping you navigate the licensing process with ease. This is our version of changing the world."

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

"As a co-founder at Consulting24, my focus is to simplify your journey into Estonia's digital landscape. We help shape your venture, turning regulatory hurdles into stepping stones towards a thriving crypto business in Estonia. We're here to change the game."


Why Consulting24?

At Consulting24, our expertise shines through in helping our Estonian clientele secure over 500 crypto exchange licenses. We cover all aspects of the blockchain industry, positioning us as the go-to option for businesses aspiring to thrive in this domain. Whether setting up a new enterprise or acquiring an existing one, we manage all necessary procedures. Our comprehensive understanding and steadfast dedication make us the ideal all-in-one solution for matters concerning the Estonia crypto license and the broader crypto sphere.

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