top of page
Image by Jorge Vasconez

Obtain your virtual currency service provider license in Estonia

We've helped complete over 500 licenses globally.

Image by Jacques Bopp

 Virtual Currency Service License Cost and Fees

  • Assistance in Company Registration

  • Guidance for Bank Account Setup

  • Development of AML and CTF Compliance Papers

  • Aid in Submitting VASP License Application

  • Inclusive of Government and Notary Fees
     

Package Cost: €25,000
 

Quick Note: For a swifter and more cost-efficient option, consider Lithuania's crypto authorization which offers a timeline of 30-60 days if Estonia's process appears extensive or costly.

Feature
Crypto Wallet and Custodian Services
Crypto Exchange
Setup time
~6 months
~6 months
Audit
Monthly and Yearly
Monthly and Yearly
Government Fee
10 000€
10 000€
Local AML
Yes
Yes
Local Director
Yes
Yes
Bank Account
Yes
Yes
Share Capital
100 000€
250 000€

Estonia License Details

Image representing virtual currency service license and Tallinn

Estonia provides a comprehensive "Virtual Asset Service Provider" license that caters to a wide array of cryptocurrency operations:
 

  • Cryptocurrency Wallet and Custodial Services: This license enables service providers to generate and manage cryptographic keys on behalf of their customers. These keys are pivotal for the safe storage and transfer of digital currencies. ​

  • Cryptocurrency Exchange Services: The license serves as a bridge between traditional fiat currencies and digital assets. It supports smooth transitions between conventional currencies and digital assets, and vice versa.
     

Additionally, it simplifies transactions involving different cryptocurrencies, making the process of exchanging one digital asset for another straightforward.

Estonia, Lithuania, or Dubai: The Best Destination for Crypto Licensing?

Feature
Dubai
Lithuania
Estonia
Cost
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€
Audit
May be required by VARA
Not required
Monthly and yearly are needed
Office
Required
Can be virtual
Required
AML (Anti-Money Laundry Officer)
Can be any nationality
Local needed
Local needed
AML monthly salary
5000€
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
Immidiately
25% now, 75% within a year.
Immediately
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

Should the field of cryptocurrency consulting services intrigue you and you're looking to broaden your understanding, we've got the ideal tool for you. Immerse yourself in our detailed guide available at this link for deeper insights and expert direction. Harness this opportunity to strengthen your grasp on cryptocurrency's legal landscape. Learn more about our comprehensive services offered by our cryptocurrency consulting corporation, Consulting24, and propel yourself further into the dynamic crypto universe. Don't let this chance to enhance your crypto literacy slip by.

Clients

compar

Advisory  Projects

Team

Mardo Soo, CEO of Consulting24, at the forefront of virtual currency service license
Mardo Soo - CEO
  • LinkedIn

As Consulting24's CEO, Mardo is proficient in guiding clients through the complex process of securing a crypto exchange license in Estonia. His expertise goes beyond just client onboarding; it extends to cultivating long-term relationships. Mardo's adept advice is invaluable in helping clients navigate through the intricate procedures associated with the Estonia crypto exchange license.

Lena Elvbakken - Founder
  • LinkedIn

Lena, the co-founder of Consulting24, possesses in-depth knowledge about the prerequisites and procedures of obtaining a crypto exchange license in Estonia. She excels in assisting entrepreneurs navigate the intricacies related to the launch of crypto exchanges and token offerings. Lena's expertise eases the process of setting up a cryptocurrency exchange, highlighting her significant role in Consulting24's impact on the global crypto movement.

Lena Elvbakken, Founder  of Consulting24, a  top leader in virtual currency service license
contact
bottom of page