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Cryptocurrency Exchange License in Estonia

Estonia crypto exchange license

Estonia pioneered crypto licensing in Europe: the national permit covered cryptocurrency exchange and wallet services, with 0% corporate income tax on retained profit as the headline draw. Since MiCA took effect, a national registration is no longer a standalone basis for serving EU clients, and the route now runs through EU CASP authorization. Here is what the Estonian regime looked like and what it means for applicants today.

Estonia crypto exchange license is a mandatory permission document. All business owners working in this field must obtain it to legally provide their services.

How it works

01

Company registration in Estonia

It is necessary to register a local company, for which a license will subsequently be issued. You should select the name of the company, indicate the participants and provide their documents in order to register a company.

02

Account opening

The company needs to open a bank account in order to deposit the share capital. Opening an account is a complex process that should be entrusted to professionals. In order to open an account, you should collect a package of documents and competently conduct further negotiations.

03

Contribution of authorized capital

The exact amount of authorized capital depends on the type of the license. The beneficiary must provide documents on the source of origin of funds contributed as authorized capital upon bank's request.

04

Hiring required employees

The company must have key positions employees, some of them must be local. We will help with the search and selection of employees.

05

Office rent

One of the mandatory requirements is office rent. We will select a budget option that meets the requirements.

06

Preparation of documents for applying for a license

It is necessary to prepare a business plan, and policies. In addition, application forms must be filled out. The client will only need to provide a basic information, on the basis of which we will prepare documents, taking into account local legislation.

07

Filing an applicationa

It is necessary to submit an application to the regulator after preparing the company and documents. After submitting an application, you must be ready to answer additional questions from the regulator. We will take care of timely and competent answers.

08

Obtaining a license

The company receives a license after successfully passing the previous stages. At the same time, it must begin work within six months from the date of receipt of the license. Otherwise, the license may be cancelled.

JurisdictionEstonia, EU member state
Historical permitNational crypto license (Financial Intelligence Unit)
Covered servicesCrypto-fiat exchange, wallet and custody services
Corporate income tax0% on retained profit
Current regimeEU MiCA CASP authorization; national registrations are no longer standalone
Setup costOn request

Free initial consultation on legal issues related to the daily activities of the business

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Frequently Asked Questions:

Under the national regime, Estonian companies needed the permit to run crypto-fiat exchange, crypto-to-crypto operations, and wallet services legally. Today the same activities for EU clients require CASP authorization under MiCA; the old national license matters as regulatory history, not as a current basis.

Yes, under the national regime an account with a bank or payment institution authorized in Estonia was mandatory, including depositing the share capital. The CASP procedure keeps a comparable requirement: the capital must be paid in and evidenced at filing.

Timelines under the national regime depended on the speed of document preparation and account opening. For current applications the clock is set by the EU CASP procedure: plan in months, with the quality of the file as the main driver.

The national Estonian license was issued without an expiry date, subject to ongoing reporting and adaptation to legal changes. With the transition to MiCA, validity is defined by the CASP authorization rather than the old permit.

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