{"id":14282,"date":"2018-07-10T13:27:03","date_gmt":"2018-07-10T11:27:03","guid":{"rendered":"https:\/\/www.pfser.com\/?page_id=14282"},"modified":"2024-06-24T18:39:25","modified_gmt":"2024-06-24T16:39:25","slug":"cryptocurrency-license-in-estonia","status":"publish","type":"page","link":"https:\/\/www.pfser.com\/en\/cryptocurrency-license-in-estonia\/","title":{"rendered":"Cryptocurrency License in Estonia"},"content":{"rendered":"

[vc_row full_width=”stretch_row” el_class=”pfser-row–white” css=”.vc_custom_1636410880734{padding-top: 50px !important;padding-bottom: 60px !important;}”][vc_column]\n

\"\"<\/div>\n [vc_column_text css=”.vc_custom_1639604540594{padding-bottom: 50px !important;}”]<\/p>\n

An Overview of Cryptocurrency License in Estonia<\/h2>\n

[\/vc_column_text][vc_row_inner][vc_column_inner width=”1\/6″][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text]<\/p>\n

Most businessmen decided on Estonia<\/a> for their ICO, IDO, IEO or cryptocurrency business; on the top of it, they keep on doing their business there. The number cryptocurrency projects launched in Estonia is on the rise. Since 2017 more than 2000 companies got their cryptocurrency license in Estonia.<\/p>\n

Estonia is ranked first in the world in number of unicorns per capita, moreover Estonia is among the top global countries, for the Internet availability and speed which makes it the comfortable place to do business related to crypto-currency and blockchain projects.<\/p>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/6″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1605639610781{padding-top: 40px !important;padding-bottom: 20px !important;background-color: #ba8350 !important;}” el_class=”crypto-about__title crypto-container”][vc_column]\n

\n<\/g><\/g><\/svg>\n<\/div><\/div>\n [vc_column_text css=”.vc_custom_1639604553427{padding-bottom: 30px !important;}”]<\/p>\n

Benefits of Cryptocurrency License in Estonia<\/h2>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” el_class=”pfser-row–white” css=”.vc_custom_1605642480154{padding-top: 30px !important;padding-bottom: 60px !important;}”][vc_column][vc_row_inner el_class=”crypto-about__item”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”2\/3″ offset=”vc_col-xs-10″]\n

\"\"<\/div>\n [vc_column_text el_class=”crypto-about__item-text”]<\/p>\n

Terms<\/h3>\n

It takes only 3 months to register a company and get cryptocurrency license in Estonia to operate the crypto-currency project.<\/p>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-about__item”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”2\/3″ offset=”vc_col-xs-10″]\n

\"\"<\/div>\n [vc_column_text el_class=”crypto-about__item-text”]<\/p>\n

Legislation<\/h3>\n

In 2017 Estonia was one of the first countries in the world which introduced cryptocurrency regulation. Crypto\/blockchain projects can apply for virtual currency service license. (Till 10.03.2020 there were two licenses: for exchanging a virtual currency against a fiat currency and providing a virtual currency wallet service).<\/p>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-about__item”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”2\/3″ offset=”vc_col-xs-10″]\n

\n<\/g><\/g><\/svg>\n<\/div><\/div>\n [vc_column_text el_class=”crypto-about__item-text”]<\/p>\n

Cost<\/h3>\n

The Cryptocurrency exchange license in Estonia is 3 to 4 times lower than in Malta, Singapore, Switzerland or the USA. Virtual Currency Service License price starts from 5 900 EUR.<\/p>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-about__item”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”2\/3″ offset=”vc_col-xs-10″]\n

\"\"<\/div>\n [vc_column_text el_class=”crypto-about__item-text”]<\/p>\n

Regulatory bodies<\/h3>\n

Interaction with regulatory bodies and their accessibility is vital for blockchain projects. Communication and interface with the Financial Inspectorate and the Money Laundering Data Bureau in Estonia is much easier than in the US or Singapore: the required legal information, assistance in solving various issues within their jurisdiction, possibility to communicate in English and Russian languages.<\/p>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-about__item”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”2\/3″ offset=”vc_col-xs-10″]\n

\"\"<\/div>\n [vc_column_text el_class=”crypto-about__item-text”]<\/p>\n

E-residency<\/h3>\n

Estonia is open to any entrepreneur from all over the world and is recognized as one of the most developed countries in terms of digitalization and IT. A person who intends to do business in Estonia may apply for an e-residece card<\/a> that allows access to all government services and simplifies communication with state authorities. This card prevents you from bureaucracy and saves a lot of your time.<\/p>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-about__item”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”2\/3″ offset=”vc_col-xs-10″]\n

\"\"<\/div>\n [vc_column_text el_class=”crypto-about__item-text”]<\/p>\n

Tax policy and 0% Tax<\/h3>\n

According to the OECD<\/a>, the tax policy in Estonia is one of the most competitive tax policies in the world. There is no profit tax in Estonia. Bitcoins and altcoins are not subject to VAT. Yet, ICO projects are not taxed. That means that ICO attracted funds are not subject to profit tax until ICO dividends are distributed.<\/p>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1604093814111{padding-top: 50px !important;padding-bottom: 60px !important;background-color: #ba8350 !important;}”][vc_column text_color=”#fafafa”][vc_column_text css=”.vc_custom_1636412576374{margin-bottom: 50px !important;}”]<\/p>\n

PFSER specialists will provide the following services:<\/h3>\n

[\/vc_column_text][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZCUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Preliminary review and analysis of the business model, consultation;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZCUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Full support to establish a company;[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/4″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZCUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Assistance with development of a compliance program; policies and procedures;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZCUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Full support to get a cryptocurrency license in Estonia;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZCUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Submission of all documents and applications to the Financial Inspection and Financial Intelligence Unit;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZCUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Legal address for the company, contact person service. If necessary, search for a separate office and staff hiring;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZCUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Payment of all state and notary duties;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZCUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Legal and accounting consultation.[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_column_text css=”.vc_custom_1636412769397{margin-bottom: 50px !important;padding-top: 15px !important;}”]<\/p>\n

We have helped more than 120 companies to get their cryptocurrency license in Estonia.<\/h3>\n

[\/vc_column_text]\n