“The Estonian business environment enables you to focus on growing your business instead of dealing with red tape.”
Modern e-solutions make setting up and running a business in Estonia quick and easy. Estonian solutions like digital signatures, electronic tax claims, e-Business Register or the availability of public records online have pared bureaucracy down to a bare minimum and facilitated an environment where business is easy.
It’s a simple fact – where business is easy, business will grow. No wonder Estonia is one of countries with most startups launched per capita than anywhere else in Europe.
Our team of professional consultants will set you up in Estonia quickly, correctly and hassle free.
Heaven Invest OÜ the fastest growing consulting firm in Estonia with the prime focus on providing blockchain projects with legal support and licensing. We have helped our clients to obtain over 400 licenses, and counting.
GET YOUR COMPANY UP AND RUNNING IN 24 HOURS
1.We’ll assist you with company registration with the name of your choosing within 24 hours
Required info and documents:
- Company name;
- Company` s e-mail address;
- Business category;
- Names, addresses, email addresses and certified passport copies of shareholders;
- Names, addresses, email addresses and certified passport copies of board members.
2.Transfer of the existing company (requires 1 day trip to Estonia)
We sign the company’s share transfer agreement and petition, to change board members at a notary’s office. This usually takes less than 30 minutes. It takes up to a week until names of the new shareholders and board members will appear on the company’s registry card.
Please fill in this form based on your understanding of what you might need. Final order details will be cleared during further communication.
VIRTUAL CURRENCY SERVICES LICENSED COMPANY IN 60 DAYS
Estonia is one of the most popular jurisdictions for virtual currency services providers due to the straight forward regulation, short deadlines and good value for money. We have helped our client to obtain over 400 licenses, and counting. We also continue to provide ongoing compliance support.
The operating licences are issued by the Estonian Financial Intelligence Unit (FIU).
The Terrorist Financing and Prevention Act, adopted by the Riigikogu at the end of last year and effective from March 10 2020 regulates the activity of virtual currency service providers.
The company is qualified as a Financial Institution, but has no special reporting requirements to tax authorities. Accounting must be done like for any other company. No special reporting to the regulator is needed, but FIU can always make precepts and inquiries about the company’s activities. You may find Financial Intelligence Unit’s advisory guidelines here.
- Police clearance certificate for all related persons (shareholders, board members, ultimate beneficiary owners, AML officer, local director);
- Certified passport copies of all above mentioned persons;
- CV-s of management and AML officer, proof of impeccable reputation;
- Description of planned activities, business plan;
- AML Rules of Procedure of the company;
- Office lease agreement;
- Bank/EMI account statement for the Estonian company and related users;
- Share capital payment confirmation;
- As a rule all documents must be in English (or Russian) and certified with an apostille. These documents may not be older than 3 month.
To apply for the above mentioned license, it must be done via a company registered in Estonia or through a registered branch office of a foreign company in Estonia. As a rule, we suggest to use a local company not a branch office, as branch registration is clearly a more complicated task.
When a local company is registered and all required documents collected, you will pay the state fee and we will assist you with application for the license.
During the licence application process we also assist in current matters, as authorities often have additional questions or they need some clarifications.
Once we have obtained all the initial information from you, it takes usually about 1-2 days to create the company.
In case you want to start a company remotely (without visiting Estonia) – it usually takes 2-3 weeks additional time and involves some additional costs.
Registration for virtual currency services license:
After the company is registered and we have received all the required information and documents mentioned above from you, we can do the rest of the job and apply for the license.
The process of an application:
Once all the necessary documents have been drafted and gathered, the application for activity licence shall be submitted through the Estonian Registry of Economic Activities. The application will be processed by the Financial Intelligence Unit (FIU) by granting or refusing to grant the activity licence within 60-120 days as of the date of submission of the application.
During its evaluation, the FIU may call in the AML compliance officer of the company for an interview to assess the person’s suitability to carry out the obligations of the officer.
Once granted, all the organization’s licenses are publicly available in the Estonian Registry of Economic Activities. There are no separate certificates issued to the licensed company. A digital copy of the license may be obtained from the Registry.
The company is obligated to start providing its services within 6 months of receiving the license.
Additionally we assist with the required compliance matters:
- Crypto licensing documentation
- Recruiting services
- Setting up a local office
- Assisting with opening IBAN account & share capital contribution
Choose from our BEST SELLING packages
COMPANY REGISTRATION €4500
- Company registration within 24H
- All inclusive
- No hidden fees
REGULATED EXCHANGE /WALLET €25,000
- Company registration within 24H
- Virtual currency services licenses application 60 days, excl. state fee
- Notary fees inclusive
READY-MADE COMPANY €30,000
- Regulated company with operating license
- Registered share capital €12,000
- Delivery 2-5 days
- State & Notary fees inclusive
We accept wire transfers from EEA nationals. If you are located outside EEA, please contact one of our consultants at email@example.com