Official licenses for CRYPTO-company in Estonia

¡Estonia offers two specific licenses for the activities of Crypto-companies: the crypto-exchange license (FKK) and the crypto-wallet license (FVR). Your company must get all the required licenses before starting its activity.

One license

10000(One-off payment)*
  • ✓ CRYPTO-exchange or CRYPTO-wallet
  • ✓ Required FIU documentation
  • ✓ Document Notarization
  • ✓ Estonian translations
  • ✓ FIU interview support

Two licenses

18000(One-off payment)*
  • ✓ CRYPTO-exchange or CRYPTO-wallet
  • ✓ Required FIU documentation
  • ✓ Document Notarization
  • ✓ Estonian translations
  • ✓ FIU interview support

The prices don’t include Estonian VAT (20%), added separately.

The application process to obtain the licenses may take from 4 to 8 weeks. If your company is preparing an ICO (or similar token offering), let us know so we can get the licenses in time. It’s important to get the licenses and have the bank account ready before launching your token sale.

All licenses include

Official license number

Your company will get an official license, issued by the Estonian government, with a unique ID allowing anyone to verify its validity.

Documentary requirements

We need some documents from you, including the criminal records of all members, your AML and KYC documents, and probably your whitepaper also (in english).

Official documentation and FIU reviews

We’ll take care of generating all the required documentation in the Estonian language, and keep track of your application with direct communication with the financial investigation unit of the Estonian police.

Regarding criminal records

You must give us your criminal records with issued no longer than three months ago, translated to Estonian or English by a sworn translator, and with a Hague apostille.

Interview with the FIU

The FIU (financial investigation unit) of Estonia may require some members of the company to travel to Estonia for an interview, to know more about your company.

Sworn translator/interpreter

The price includes a sworn translator and interpreter that will join you during the interview with the FIU to translate from your language to Estonian. This is required as the interview will be conducted in Estonian. Languages supported include English, Spanish and Russian. Consult us about other languages.

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(*1) All company members must be e-Residents. See here how to apply for the e-Residency.
(*2) The registration of a company is subject to a subscription to a monthly accountancy plan.
(*3) It is mandatory to apply for the licenses and open a business bank account.