Estonia - COREDO

The Republic of Estonia, a beacon of digital progress and a thriving startup hub offers a streamlined and business-friendly investment licensing system. Below, we will review the specifics of obtaining a securities dealer licence in Estonia, focusing on its opportunities and advantages.

Advantages of Obtaining a Securities Dealer Licence in Estonia

Access to the single European market: Due to full membership in the European Union, a Securities Dealer company licensed in Estonia can, on a temporary and irregular basis, freely provide services throughout the European Economic Area. In addition, the status of a European company instils confidence and reliability in the eyes of partners.

Transparency and regulatory stability: The country boasts a well-defined and transparent legal structure, providing, for instance, investment incentives. Clear AML (Anti-Money Laundering) rules and financial sector supervision instil confidence in investors and clients, building trust in the monetary sector.

Innovation in the technology segment: Estonia has a reputation for actively pursuing digital innovation. The investment licensing system encourages the integration of technology and digital solutions, allowing licensed entities to exploit advances such as algorithmic trading and blockchain-based investment instruments.

The Estonian Securities Dealer Licence Allows

buying and transferring shares, portfolio management;
execution of clients’ orders related to financial activities;
activities of funds, trading platforms, etc;
underwriting of the Central Bank issue;
portfolio management and investment counselling;
custody and management of securities;
leasing operations; and
other transactions and operations similar to those mentioned above.

Authorised Capital

In order to obtain a licence, it is necessary to have a share capital of the following amount:

Transactions with securities, including on behalf of the client/at the client’s expense – EUR 50,000;
Issue and portfolio management – EUR 125,000;
Underwriting, custody, securities management, trading for the account – EUR 730,000.

Registration Timeline

The application and authorisation process takes approximately 3 ‑ 6 months, subject to regulatory requirements.

Registration Fee

Registration Fee is EUR 25,000 + VAT, however, the price may vary depending on the circumstances of a particular case.

COREDO is ready to help you overcome the thorny path by providing qualified advice, tailor-made solutions and continuous support at all stages of obtaining a securities dealer licence in Estonia.

What is the Order of our Service

Company registration in Estonia:

As part of the first stage, you must register a legal entity that will be required to carry out the licence-eligible activities. For this purpose, we can prepare all the necessary documentation for you, advise you on minimum capital and state duty payments, and assist you in opening a corporate bank account.

Applying for a licence to the Estonian Financial Supervisory Authority (EFSA):

After registering the company in Estonia in the second stage, we will proceed to the stage of directly obtaining an investment licence, which will consist of the following steps:

formation of a set of documents required for the authorised body;
application;
awaiting EFSA’s decision.

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