estonia

A ready-made cryptocurrency company in Estonia. It is possible to provide a nominal service. Opening a bank account is included in the price.

Timeline: Re-registration of the company takes place in the shortest possible time. Usually, it takes 2-3 weeks, depending on the workload of the Estonian regulator. 

Estonia is one of the first countries to allow businesses to legally engage in cryptocurrency activities. It requires a single license which allows:

• exchanging cryptocurrency for other digital assets and fiat money,
• offering services for storing digital assets in cryptocurrency wallets and performing related operations (transactions, payment for services, etc.).

Requirements for a crypto company when obtaining a license from scratch 

To get a crypto license, you need to undergo a thorough check. The owners, directors, and other company executives must have a clean history with no criminal record. The company must install software that will secure transactions and prevent fraud. They must also hire an expert who will monitor violations of AML/CFT rules.

There are other requirements that a company must meet in order to obtain a cryptocurrency license:

• A share capital must be €350,000 or more, and there has to be fiat money in the account.
• The headquarters and the board must be located in Estonia.
• Employees occupying executive positions must have an appropriate education and effective experience with cryptocurrency.
• There should be a citizen of Estonia among the directors.
• A business plan must be well thought out, clearly and understandably describing all the points.

The application is checked by the Estonian Financial Intelligence Unit. The regulator considers the application from 60 to 120 days, and at any time they can require the applicant to provide additional documents. The license is perpetual and does not need to be renewed. One cannot legally engage in currency exchange and offer services for storing digital assets until the license is obtained.

Advantages of an Estonian cryptocurrency company

• A company with an Estonian crypto license can legally operate not only in the country but also in other jurisdictions.
• Estonian laws strictly control cryptocurrency activities, which allows to streamline the work and develops customer confidence.
• Estonia offers e-residency, which gives aliens access to all government services.
• Crypto assets are exempt from VAT.
• Taxation applies only to income from the sale or exchange of virtual assets, crypto mining, or payments for completed work.
• There is no corporate income tax in Estonia. Only distributed profits are subject to corporate tax. This means that businesses can invest income in their development without paying taxes.

Why it is better to buy a ready-made cryptocurrency company

• The owner and officers don’t have to go through extensive due diligence.
• The company may start working immediately after the deal is finalized and documents are received.
• The ready-made cryptocurrency company already has headquarters in Estonia and the required Estonian employees (board members and AML officers). You can fire or keep them working in your company at your discretion.

We sell ready-made cryptocurrency companies with a clean history, so you won’t have to worry about skeletons in the closet, such as debts, creditors, or prosecution.