Crypto-licenses around the world

Country? Just a list of rules and opportunities, choose crypto-license that suits you best

You have a choice

Years ago, entrepreneurs had a very limited choice of jurisdictions that offered a cryptocurrency license.

The lack of competition among jurisdictions, most often, led businessmen to the following choice: a reliable but expensive license to maintain or a cheap and useless one.

Fortunately, things are different today. You can choose the crypto license that suits your business model. And what is more important, it will be affordable for you.

Why license

Cryptolicense allows you to provide all the crypto-related services and stay in a safe, legal field.

Its also a great way to gain trust of your customers. Cryptocurrency itself is an independent means of payment and is often used in scams. However, a licensed company has same level of responsibility as traditional fiat-involved financial businesses.

And in case you want to attract investments, or planning to sell project later, crypto-license will significantly rise your company value.

Choose jurisdiction

  • Estonia
    maintenance difficulty:
    medium
    Setup fee:
    20,000€
  • Lithuania
    maintenance difficulty:
    easy
    Setup fee:
    12,000€
  • Czhech Republic
    maintenance difficulty:
    easy
    Setup fee:
    8,900€
  • Poland
    maintenance difficulty:
    easy
    Setup fee:
    4,900€
  • Slovakia
    maintenance difficulty:
    easy
    Setup fee:
    8,000€
  • UAE
    maintenance difficulty:
    medium
    Setup fee:
    14,900€
  • Canada
    maintenance difficulty:
    medium
    Setup fee:
    9,900€
  • Croatia
    maintenance difficulty:
    easy
    Setup fee:
    12,000€
  • Ireland
    maintenance difficulty:
    medium
    Setup fee:
    16,000€
  • Portugal
    maintenance difficulty:
    medium
    Setup fee:
    15,000€
  • Bulgaria
    maintenance difficulty:
    easy
    Setup fee:
    10,000€

Official requirements

Show only chosen jurisdiction
Estonia
Maintenance difficulty level:medium
Only local legal entityRequired
AMLEstonian resident with higher education in finance
Member of the boardAt least 1 director must be local resident with higher education in finance
ShareholdersNo special requirements
Share capital100,000 - 250,000€
AuditRequired on annual basis
Business planDetailed business plan is required
Financial reportingRequired
Other requirementsA local office in Estonia
All indicated requirements are shown for illustrative purpose and are not final. Please contact our lawyers for exact details of all requirements for each specific jurisdiction.

Services included

Legal entity
Legal entity in a corresponding form (Estonia). Private persons or another company may be registered as shareholders.
Crypto-license
End-to-end legal support for obtaining a crypto-license.
State fee
Company registration state fee and license application fee are included.
AML/KYC document
Internal control system document for ensuring compliance with the control requirements of the European Union AML/CFT and international Sanctions. It is a core license document.
Corporate documents
Incorporation documents, including information about members of the board and shareholders. License status document.
Legal address
Legal address (Estonia), for a period of 12 months.
12 months
Initial consultation
Initial consultation regarding the best practices in crypto-related activity and taxes.

Detailed roadmap

Shareholder is a private person
For example, if you make a prepayment tomorrow 2.05.2023
  • Prepayment

    We issue an invoice, and you make a 50% prepayment + pay for all chosen additional services in full.

    2.05.2023
  • Documents from your side

    From shareholder
    • Copy of passport main page, notarized;
    • Power of attorney, notarized and sworn-translated into english (we will provide you a template);
    • Proof of residential address;
    • Certificate of a good conduct.
    Other
    • Description of the planned business activity.
    2.05.2023
  • Neccesary preparations

    Our lawyers make all the preparations:

    • Ensure proposed company name is available to register
    • Establish a legal entity (Estonia) with a desired name
    • Assign a legal address to a company
    • Write an Internal Control System document*
    • Fill all the neccesary forms, required for a license application

    * Internal Control System document - is a core document for license application. It regulates how you ensure compliance with the control requirements of AML/CFT and International Sanctions.

    ~5 working days
    7.05.2023
  • You pay the rest 50% at this point

    7.05.2023
  • Finishing touches

    • We assign to company a valid AML officer
    • Onboard members of the board
    • Open a corporate bank account in EU payment institution
    • Rent a physical office for your company, if it is required
    ~5 working days
    12.05.2023
  • Share capital increase

    Share capital must be contributed in the amount specified for your type of license.

    ~3 working days
    15.05.2023
  • Application submission

    We submit an application to a corresponding department.

    15.05.2023
  • License issuance

    If there was no indication of deficiencies, the license is granted.

    ~45 days
    29.06.2023
All indicated time frames are illustrative. The timing may depend on many factors, such as but not limited to: the number of public holidays, the time of delivery by courier, the workload of government departments. We do not take responsibility for the delays beyond our control.

Extra services

  • AML specialist
    AML specialist. Person with experience in financial sector and corresponding education.
  • Member of the board
    Member of the board. Person with experience in financial sector and corresponding education.
  • Office
    Local physical office. Office meets all crypto-license requirements.
  • Audit
    Financial audit by sworn auditor.
    Price:
    3,000€
  • Bookkeeping
    Bookkeeping service.
  • Consultation
    Additional consultation regarding the best practices in crypto-related activity and taxes.

In total

Crypto-license (Estonia):

20,000€

Additional services:

0€

Total:

20,000€

All indicated prices are shown for illustrative purpose. Please contact our lawyers in order to get final offer.

Ready-made companies

Dont want to wait? Buy the ready-made company already with license.

  • MobyM Fo Ltd (Seychelles, 2022)

    250,000€

    Organization of financial processing, forex, gambling, sport betting

  • Cryptocorp OÜ (2019)

    150,000€

    Providing a virtual currency services

    #FVR000988

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