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Consulting24: Over 500 Successful Estonia Crypto License Applications Processed

  • Company Establishment Process

  • Banking Account Formation Assistance

  • Creation of AML/CTF Compliance Documents

  • Support During VASP License Application

  • Inclusive of State and Notary Charges

    Cost: €25,000

Image showing Tallinn old town

Why Estonia?

Estonia's cryptocurrency license offers an undeniable advantage with its zero corporate tax policy, prime European Union positioning, and clear-cut crypto laws. These aspects together foster a conducive environment for the growth of crypto businesses, ensuring total regulatory compliance. With effortless access to European markets and Estonia's favorable business environment, this presents an attractive opportunity for entrepreneurs eager to establish their footprint in the crypto industry.

Our Clients 

Estonia License Crypto

Estonia provides a comprehensive and encompassing license for cryptocurrency operations, known as the "Virtual Asset Service Provider." This license caters to an extensive spectrum of crypto services:

Virtual Wallet and Custodial Services: An important facet of the license allows service providers to create and manage cryptographic keys for their clients. These keys are vital for the protection, storage, and transaction of digital currencies.

Cryptocurrency Exchange Services: The license paves the way for seamless transactions between traditional fiat and digital currencies. It facilitates the conversion from conventional money to digital assets, and conversely. Additionally, it enables trades among different cryptocurrencies, streamlining the process of swapping one type of digital currency for another.

Image showing Tallinn old town

Understanding the Estonia's VASP Services

Crypto to Crypto, Crypto to Fiat, Fiat to Crypto

Enabling Seamless Utility Token Trades: Streamlining Transactions between Bitcoin, Ethereum, BNB, and Other Cryptocurrencies into USD and Euro for Clients.


Exploiting ICOs, IEOs, and IDOs: Drive Market Progress with the Introduction of Your Distinctive Utility Tokens.


Amplify Earning Potential: Unlock Fresh Revenue Channels with Strategic Management of Cryptocurrency Assets.

Branded Debit Card

Unleash Seamless Transactions with Branded Debit Cards: Facilitate Easy Trade of Major Cryptocurrencies like Bitcoin, Ethereum, BNB, and More.

Mint & Trade NFTs

Championing NFT Creation and Trade: Personalizing Platforms for Your Digital Assets. Establish Your Distinctive Marketplace with State-of-the-Art NFT Technologies.

Custodial Service

Presenting Secure Custodial Wallet Solutions: Protecting Clients' Digital Assets with VASP Licensing. Exercise Full Control Over Private Keys for Unparalleled Security and Sovereignty.

Estonia License Crypto Price

  • Step 1: €3,500 - This expense covers the incorporation of the company, the yearly fee for an authorized representative, and costs related to notary services.

  • Step 2: €1,500 - This fee is for establishing a banking account and registering share capital to the value of €100,000.

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

  • Step 4: €15,000 - This step comprises a €5,000 license application fee along with €10,000 for government charges. This crucial phase encompasses developing a robust business model, compiling AML paperwork, creating risk management strategies, and defining the roles of board members.

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 Services

1: €3,500 - This is the cost associated with appointing a local director. As per legal requirements, there should be one director for every two companies, which entails a minimum monthly cost of €2,500.


2: €3,500 - This fee covers the appointment of an Anti-Money Laundering (AML) officer. Every company is obligated to have an AML officer, incurring a minimum monthly cost of €2,500.


3: Starting at €600 - This is the estimated monthly overhead for setting up a physical office location.

4: €3,500 - This fee caters to the engagement of an external auditor to carry out financial scrutiny and ensure compliance.

The Process

Step 1: Kick-start Know-Your-Customer (KYC) and Source-of-Funds (SOF) checks.

Step 2: Finalize the agreement through proper contract execution.

Step 3: Begin the process of registering the company as a Private Limited Company (LTD or OÜ in Estonian). This can be achieved within 48 hours.

Step 4: Conduct the transfer of company shares using a notarized Power of Attorney (POA). Remote transfers are enabled due to COVID-19, removing the need for physical presence.

Step 5: Following the transfer, initiate proceedings for establishing a bank or PSP account in an EEA country offering services in Estonia, or with a service provider that has a branch in Estonia.

Step 6: Initiate the registration of share capital - €100,000 for exchange services, €250,000 for wallet services.

Step 7: Establish a fully operational office in Tallinn.

Step 8: Appoint a local director with the necessary qualifications.

Step 9: Assign a skilled AML officer.

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

Image of Tallinn, panoramic. Representing Estonia license crypto 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, the CEO of Consulting24, a leading consultant in Estonia, license crypto search interests.
Mardo Soo
  • LinkedIn

"At Consulting24, we light up the road for entrepreneurs venturing into Estonia's burgeoning crypto market. We skillfully demystify intricate procedures, converting expenses into valuable investments. Our undeterred commitment to ensuring a smooth licensing experience symbolizes our unique contribution to the transformative global wave of change."

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

"As a co-founder at Consulting24, my aim is to simplify the journey into Estonia's lively digital economy. By turning challenges into stepping stones, we pave the way for your successful entry into this dynamic crypto ecosystem. We're not just transforming businesses, we're spearheading industry-wide revolutions."

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