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Estonian Cryptocurrency Company & License

Licenses obtained for our clients
Clients served

Open your cryptocurrency company in Estonia

Estonia is known as a digital nation, and has been on the forefront of innovation for two decades. Estonia is one of the only countries in Europe to have specific license for cryptocurrency exchanges and e-wallet providers.

Estonian cryptocurrency license facts:

  • 100% foreign ownership is allowed.
  • Estonian resident has to be the member of the management board.
  • Mandatory share capital contribution is 12 000€
  • Access to the EU market and banking options.
  • E-residency program and company registration within few days.
  • Specific crypto license to cover exchanges and e-wallet providers.
  • 0% corporate tax.
  • Profit distribution is taxed at 20% on gross dividends.
  • Minimum bureaucracy.
  • No need to visit Estonia to register or manage the company.

Process of obtaining the Estonian crypto license


Register a company

Recruiting the necessary personnel and setting up the company.


Depositing share capital

Drafting the license documentation, opening the bank account to deposit the required share capital.


Submitting the license

Once we’ve ticked all the boxes, we’ll submit the license application. The processing time of the license is up to 60 days.

Estonian crypto license description:

License covers crypto exchange activities as well as e-wallet providers. Estonian license is required for both fiat to crypto activities and crypto to crypto activities.

E-wallet providers can generate and keep encrypted keys on the behalf of the client, i.e providing custodial services of the required credentials to access the virtual currencies.

Requirements for obtaining the Estonian crypto license.

To obtain the Estonian crypto license, the AML/KYC procedural rules and internal auditing rules documentation have to be drafted and submitted together with the application. All shareholders, management body members and the compliance officer have to provide their non-criminal history documents (apostilled/legalised), CVs and university diploma (if exists). To succeed with the licensing, you need to have an European IBAN account opened, 12 000€ of share capital contribution made, and local management board in Estonia.

Time to getting licensed

The company registration time depends whether you already have an e- residency card or not. With the e-residency card, it takes 1-2 days. With the power of attorneys, it takes usually around 1,5 – 2 weeks. If you travel to Estonia, it takes few days, although the notary time has to be set at least 5 days in advance.

Once the documents are submitted to the Estonian FIU, they take up to 60 working days to process

Opening the bank account for the Estonian crypto company

Opening the bank account for companies doing business in the crypto industry is one of the most complicated issues. We’ve built a portal with overviews of different banks and online banks where you will find over 20 crypto-friendly banking options.

Taxation of crypto company in Estonia

There’s no specific tax regime for crypto companies in Estonia. Estonian company taxation system has been on the number one position for 4 years in a row on the OECD tax competitiveness index. Estonian companies have no corporate tax. Tax is only paid when profit is distributed. Profit can be distributed by paying dividends (20% tax on gross dividends) or through paying salaries (taxed in the country of residency of the recipient). Estonian VAT rate is 20%.

Our experience and expertise

Comistar has helped more than 50 companies to obtain the Estonian cryptocurrency licenses, including for clients outside of Europe (China, South- Korea, Japan, Australia, India, Canada, and Russia). We have given talks, written books and developed applications for crypto and tokenisation industry, and have been active in the crypto space for several years. Comistar provides accounting for crypto companies, legal & tax advisory, as well as tech expertise via our partners.

Expected costs & expenses

The following cost estimates include all the required services to successfully apply for the Estonian cryptocurrency license. We may make changes to the price list without changing the pricing on the website. You are not obligated to order a full package, and can only request specific licensing-related services (recruiting, documentation, etc), and we are able to provide you a full cost-breakdown.

cryptocurrency company
Company registration with e-residency


Company registration with the e-Residency card is included in the on-boarding fee of Zero to Scale subscription. Zero to Scale includes required upkeep services (legal address & contact person services, state fee, tax compliance and accounting) for your crypto company.

Company registration through notary


If you don’t have the e-residency card, then we can do the registration through the Estonian notary. We can prepare and use the power of attorneys to represent you at the notary, or you can travel to Tallinn to visit notary in person.

Price includes:

  • Drafting the PoAs
  • Translation of PoAs from ENG to EST by the sworn translator
  • Notary fees
  • State fees
  • Virtual office 1 year and contact person 1 year
  • All inclusive, no hidden fees or surprises
Licensing of the Estonian crypto company

Get A Quote

Please get in touch with us for the licensing proposal. We can help you with the renewal of the license as well as applying for the new license. The price depends on the concrete services you require.

List of services:

  • Estonian Crypto License Documentation (AML/KYC)
  • Recruiting the board member & AML Officer
  • Finding an office
  • Assistance in making the share capital contribution
  • Preparing and submitting the application
  • State fee 3300€
  • List of crypto-friendly banks and online banks in Europe
  • Flexible payment terms


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