Financial license in Estonia

Obtaining a financial licence in Estonia COREDO

Estonia is the country with the most attractive investment climate. Everything is appealing here: fin-tech investment legislation, zero tax rates, and the opportunities presented by the jurisdiction, which is not included in the world’s blacklists. A company in Estonia, including one founded by a non-resident of that country, is able to trade, sell products in European countries without intermediaries and work in the financial sector, including cryptocurrency business, Blockchain, etc.

ADVANTAGES OF OBTAINING A LICENCE IN ESTONIA

Registering a payment system in Estonia provides many opportunities for conducting a successful international business. This licence entitles a company to do business throughout the European Union, making its services available almost all over the world.

Estonia has the advantages of relatively low labour costs, transparency of the tax system and proximity to the CIS countries, both mentally and geographically. No profit tax: if a company has made profits and reinvested them in its development, then this company is exempt from tax – in other words, as long as the profits remain undistributed among shareholders, no tax has to be paid.

The excellent example of a digital state is the e-Governance system, which allows most formalities to be carried out electronically and reduces interaction with government agencies to a minimum.

COST OF OBTAINING THE LICENSE IN ESTONIA

The price for the service of obtaining a payment licence in Estonia depends on several factors. The basic package includes, for example, the preparation of statutory documents, business plan drafting, legal support, etc. However, an individual approach to each client also implies a personalized price offer based on a set of services. We would be happy to negotiate a price during a free consultation.

FEATURES OF OBTAINING A LICENCE IN ESTONIA

Payment system licence in Estonia is issued for an indefinite period.
Possibility to handle both fiat and electronic money.
Possibility to obtain a specific licence for handling cryptocurrencies.
Possibility to carry out a passport procedure in other EU countries – payment institution, e-money institution, etc.

REQUIREMENTS WHEN APPLYING FOR A LICENCE

When applying for this type of licence, a company has to comply with a number of requirements. The standard list of requirements is as follows.

Registered physical office in Estonia.
Director has to be a resident of Estonia.
Competent persons in the management of the company are to have the experience in management and in the financial market.
Technical, human and organisational prerequisites.

We would be happy to arrange a personal consultation to overview the entire list of requirements.

DOCUMENTS AND INFORMATION NECESSARY FOR OBTAINING A LICENCE IN ESTONIA

Business plan and financial plan.
Documents on the persons within the company structure.
Software description.
Developed internal procedures – AML/Compliance, etc.

We would be happy to arrange a personal consultation to overview the entire list of documents and information.

COREDO – EU Legal & Compliance Services Expert legal consulting, financial licensing (EMI, PSP, CASP under MiCA), and AML/CFT compliance across the European Union. Headquartered in Prague, we provide seamless regulatory solutions in Germany, Poland, Lithuania, and all 27 EU member states.

LEAVE AN APPLICATION AND GET
A CONSULTATION