What About Obtaining a Crypto License from Scratch?

If you say that buying a ready-made cryptocurrency company in Estonia is unnecessary because you can always register your company, that will be true. The big question is it worth it? Is it easy to get a crypto license for your company?

It is necessary to undergo a comprehensive examination to acquire a cryptocurrency license in Estonia. The company’s proprietors, managers, and other high-ranking individuals must possess an untarnished background without criminal records. The company must implement software that safeguards transactions and prevent fraudulent activities. Additionally, they must engage the services of a specialist who will oversee compliance with anti-money laundering and combating the financing of terrorism (AML/CFT) regulations.

There exist additional prerequisites that a company must fulfill to attain a crypto license:

  • A share capital must be at least €350,000.
  • Fiat money is needed to top up the account.
  • Need to have headquarters in Estonia.
  • Estonian residents must be among the directors.
  • The employees must provide documents confirming the appropriate education.
  • The company must have a clear business plan.
  • The check can take 60 to 120 days, but they can request additional papers.

Thus, the benefits of the ready-made crypto company are apparent. You can start working immediately without losing time and money for bureaucratic procedures. You can skip extensive verifications and hassles with money transfers, office rentals, and the necessity to hire local staff.

Ask our experts about our shelf companies and get detailed information and a clear blueprint that will fit your situation best. 

Advantages of an Estonian cryptocurrency company

Acquiring an Estonian shelf company can be an excellent means to penetrate your business into the European Single Market. The private company in Estonia is also known as OÜ. Purchasing a pre-established company in the Estonian jurisdiction gives you the following benefits:

  • 0% income tax.
  • Low maintenance fees.
  • Easy and convenient working under EU jurisdiction and the European Economic Area (EEA).
  • Online business management.
  • Perks of Estonian e-Residency.
  • Almost no exchange controls.
  • Our shelf companies filed annual reports as required by Estonian law.
  • Our clean companies don’t have any hidden dark history.
  • You can always change the company’s name.

Estonia is among the pioneering nations that permit businesses to engage in cryptocurrency operations legally. It requires a single license, which grants permission for the following activities:

  • Exchanging cryptocurrency for other digital assets and fiat currency.
  • Providing services for storing digital assets in cryptocurrency wallets and conducting related transactions, payments, etc.

A pre-established cryptocurrency business in Estonia can be convenient and an excellent investment. It is available for your convenience and can be a great time-saver. A bank account opening can be a part of the package if needed.

How much time do you need to start working on the Estonian crypto market?

Shelf-company is unique because it was made upfront, and you can immediately use it after a few simple steps. The re-registration process for the crypto company is carried out as quickly as possible. Typically, it takes around 2-3 weeks, depending on the time of the year and the workload of the local regulatory body.

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