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.
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.
- Estoniamaintenance difficulty:mediumSetup fee:
- Lithuaniamaintenance difficulty:easySetup fee:
- Czhech Republicmaintenance difficulty:easySetup fee:
- Polandmaintenance difficulty:easySetup fee:
- Slovakiamaintenance difficulty:easySetup fee:
- UAEmaintenance difficulty:mediumSetup fee:
- Canadamaintenance difficulty:mediumSetup fee:
- Croatiamaintenance difficulty:easySetup fee:
- Irelandmaintenance difficulty:mediumSetup fee:
- Portugalmaintenance difficulty:mediumSetup fee:
- Bulgariamaintenance difficulty:easySetup fee:
|Maintenance difficulty level:||medium|
|Only local legal entity||Required|
|AML||Estonian resident with higher education in finance|
|Member of the board||At least 1 director must be local resident with higher education in finance|
|Shareholders||No special requirements|
|Share capital||100,000 - 250,000€|
|Audit||Required on annual basis|
|Business plan||Detailed business plan is required|
|Other requirements||A local office in Estonia|
We issue an invoice, and you make a 50% prepayment + pay for all chosen additional services in full.2.05.2023
Documents from your sideFrom 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.
- Description of the planned business activity.
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 days7.05.2023
You pay the rest 50% at this point7.05.2023
~5 working days12.05.2023
- 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
Share capital increase
Share capital must be contributed in the amount specified for your type of license.~3 working days15.05.2023
We submit an application to a corresponding department.15.05.2023
If there was no indication of deficiencies, the license is granted.~45 days29.06.2023
- AML specialistAML specialist. Person with experience in financial sector and corresponding education.3 months7,500€6 months12,000€12 months18,000€
- Member of the boardMember of the board. Person with experience in financial sector and corresponding education.3 months7,500€6 months12,000€12 months18,000€
- OfficeLocal physical office. Office meets all crypto-license requirements.3 months900€6 months1,500€12 months2,400€
- AuditFinancial audit by sworn auditor.Price:
- BookkeepingBookkeeping service.3 months900€6 months1,440€12 months2,400€
- ConsultationAdditional consultation regarding the best practices in crypto-related activity and taxes.1 hour200€3 hours450€10 hours1,250€
Dont want to wait? Buy the ready-made company already with license.
MobyM Fo Ltd (Seychelles, 2022)
Organization of financial processing, forex, gambling, sport betting
Cryptocorp OÜ (2019)
Providing a virtual currency services