top of page

Secure your Estonia cryptocurrency license with Consulting24

Your trusted partner boasts over 500 successfully completed licenses in Estonia and Lithuania.
  • Corporate Establishment Processes

  • Guidance for Bank Account Creation

  • Formulation of AML/CTF Compliance Documentation

  • Support in VASP License Application

  • JourneyInclusive of State and Notary Costs

    Overall Expense: €25,000

Image by Julius Jansson

Our Clients 

Why Estonia?

Estonia's cryptocurrency license is highly sought-after, largely due to its non-existent corporate tax, prime EU location, and well-defined crypto laws. These factors synergistically build a conducive environment for the blossoming of crypto enterprises, all while ensuring absolute regulatory compliance. With unimpeded entry into European markets and Estonia's pro-business climate, this emerges as a lucrative opportunity for innovators wishing to carve their niche in the cryptocurrency sector.

Estonia Cryptocurrency License

Image of Tallinn and Estonia cryptocurrency license

Estonia grants a comprehensive license for cryptocurrency endeavors, dubbed as the "Virtual Asset Service Provider." This license spans a broad spectrum of crypto services:

Cryptographic Wallet and Custody Services: A pivotal aspect of this license allows service providers to create and oversee cryptographic keys on behalf of their clients. These keys are crucial for safeguarding, storing, and transferring digital currencies.

Cryptocurrency Exchange Services: The license facilitates seamless transactions between traditional fiat and digital currencies. It enables an effortless conversion from conventional money to digital assets and back. Moreover, it assists in trading amongst various cryptocurrencies, making the process of swapping one form of digital currency for another more straightforward.

Unpacking Estonia's VASP Services: A Comprehensive Overview

Crypto to Crypto, Crypto to Fiat, Fiat to Crypto

Enhancing Utility Token Transactions: Facilitating Effortless Conversions between Bitcoin, Ethereum, BNB, and Other Cryptocurrencies into USD and Euro for Clients.


Harnessing ICOs, IEOs, and IDOs: Propel Market Dynamics with the Debut of Your Exclusive Utility Tokens.


Boost Income Opportunities: Discover New Revenue Streams with Savvy Cryptocurrency Asset Management.

Branded Debit Card

Streamlining Transactions with Custom Debit Cards: Enable Easy Exchange of Key Cryptocurrencies like Bitcoin, Ethereum, BNB, and More.

Mint & Trade NFTs

Pioneering NFT Creation and Exchange: Customized Platforms for Your Digital Assets. Craft Your Exclusive Marketplace with Cutting-Edge NFT Technologies.

Custodial Service

Providing Robust Custodial Wallet Solutions: Safeguarding Client's Digital Assets through VASP Licensing. Retain Total Control Over Private Keys for Supreme Security and Autonomy.

Estonia Cryptocurrency License Registration

  • Step 1: €3,500 - This cost encompasses company incorporation, the annual charge for an authorized representative, and associated notary expenses.

  • Step 2: €1,500 - This fee applies to the establishment of a bank account and the registration of share capital totaling €100,000.

  • Step 3: €5,000 - This amount caters to the creation and filing of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance documentation.

  • Step 4: €15,000 - This price includes a €5,000 license application fee along with €10,000 for governmental fees. This crucial step includes the formulation of a viable business model, compilation of AML documents, strategizing risk management protocols, and defining board member responsibilities.

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€

Additional Offerings:

1: €3,500 - This is the fee associated with hiring a local director, fulfilling the legal requirement of one director for every two companies. This incurs a minimum monthly cost of €2,500.

2: €3,500 - This cost is related to appointing an Anti-Money Laundering (AML) officer. Every company is legally required to have an AML officer, with a minimum monthly expense of €2,500.

3: Starting at €600 - The estimated monthly overhead cost for maintaining a physical office space.

4: €3,500 - This fee is related to the engagement of an external auditor to ensure financial transparency and adherence to regulatory standards.

The Process

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

Step 2: Conclude the necessary contract finalization.

Step 3: Embark on the process of establishing the company as a Private Limited Company (LTD or OÜ in Estonian), achievable within 48 hours.

Step 4: Facilitate the share transfer of the company through a notarized Power of Attorney (POA). Given the COVID-19 circumstances, remote transfers are made possible, obviating the need for physical attendance.

Step 5: Post-transfer, begin the procedure of setting up a bank or PSP account in an EEA country that caters to Estonia, or with a service provider maintaining a branch in Estonia.

Step 6: Set the wheels in motion for the registration of share capital - €100,000 for wallet services, €250,000  for exchange functions.

Step 7: Establish a fully functional office in Tallinn.

Step 8: Secure the services of a qualified local director.

Step 9: Designate an experienced AML officer.

Step 10: File the application to secure a Virtual Currency Service Provider License.

Image by Transly Translation Agency

Comparative Analysis of Crypto Licenses: 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 cryptocurrency license
Mardo Soo
  • LinkedIn

"As the initiator of Consulting24, my goal is to pave the way for entrepreneurs stepping into Estonia's vibrant crypto sector. We proficiently simplify complex processes, transforming costs into significant investments. Our steadfast commitment to facilitating a frictionless licensing journey underlines our unique contribution to this worldwide evolutionary movement."

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

"At Consulting24, we serve as a beacon for entrepreneurs journeying through Estonia's bustling crypto landscape. Our expertise lies in unraveling complex procedures, transmuting costs into fruitful investments. Our unwavering dedication to crafting a smooth licensing journey showcases our distinctive role in steering the tide of global transformation."

bottom of page