Eternity Law International News API license in Estonia

API license in Estonia

Published:
April 16, 2024

Given the growing popularity of online payments and the spread of electronic currency, many companies are looking to use these opportunities in their business. However, to issue virtual money or create your own payment company, you must have an API license. To obtain such a license, companies can apply to various jurisdictions, including offshore zones. However, in practice, enterprises try to avoid cooperation with offshore companies so as not to put their reputation at risk, and prefer to obtain a permit in other, more reputable jurisdictions, where the procedure for obtaining a license is less expensive and the requirements for applicants are minimal.

Our team are experts in the field of establishing and licensing commercial structures in various fields. We know everything about API-licenses, and are also ready to offer you the option of API license in Estonia for sale. Our lawyers will become your reliable allies on the path to obtaining this permit or acquiring it.

Obtain API license in Estonia: advantages and benefits

Despite the rapid development of Internet technologies, many large companies remain cautious in choosing a payment company and are reluctant to change it. In an increasingly competitive environment, attracting and retaining customers is becoming increasingly difficult. Therefore, many are interested in obtaining a license for payments, and offshore options are no longer so popular. Having an API license in the European Union can be a strong argument for attracting customers. Thus, Estonia API license company for sale will become the optimal and profitable option for starting a business.

Europe is famous for its rigor and reliability. The company, which has an electronic money license in the EU, has undergone a thorough audit, which is additional confirmation of its reliability and security. If you need this license, you can turn to the jurisdiction of one of the EU member states, where the requirements for obtaining a license are more flexible and the costs are significantly lower. One such option is Estonia.

Why do many people choose Estonia to register their payment company?

  1. Firstly, this country provides favorable conditions for carrying out activities in the field of e-commerce, due to its membership in the European Union. Estonia’s political and economic stability makes it attractive to entrepreneurs who avoid frequent checks and administrative pressure.
  2. Secondly, Estonia is a reputable jurisdiction, which gives it credibility. Obtaining a payment company license issued by Estonia confirms the reliability and transparency of the business. However, the requirements for obtaining a license in Estonia are not too strict, which simplifies the process and reduces costs.
  3. Thirdly, the license to issue electronic money (EMI) in Estonia allows you to expand activities into the territory of the European Union.

To obtain a license, you must contact the Estonian Financial Services Authority (EFSA) with a corresponding application and provide the necessary package of documents, including the company’s statutory documents and business plan.

Interested entrepreneurs can resort to the option of a ready-made Estonia API license company, which will be an effective solution. In addition, our company has a profitable offer to sell an API license in the UK with several corridors for African countries.

How to get API license in Estonia?

The EFSA regulator issues financial transaction licenses to companies registered in Estonia. Obtaining an Estonia authorised payment institution license gives the owner the right to conduct transactions with virtual money not only in this jurisdiction, but also in other EU countries.

To obtain an electronic money license in Estonia, you must meet a number of requirements, both for the company and for its management and shareholders. For example, the investment capital must be at least 350 thousand euros, and the authorized capital must be at least 50 thousand euros.

EFSA carries out a thorough review of the company’s management and its shareholders. Basic requirements include appropriate higher education, experience in the financial sector, impeccable business reputation and good financial standing.

An application for registration of a payment company in Estonia is usually processed within 6 months to nine months. In some cases, this period may be extended to allow further consideration of issues and requests for additional documents.

To get authorised payment institution license in Estonia, you can seek the assistance of experienced international lawyers to ensure that you obtain the required payment license.

Registering a payment company in Estonia is a valuable tool for the successful development of international business. With this license, the company is able to provide services throughout the European Union, making its products available to customers from almost all corners of the world.

Features of jurisdiction

Estonia offers a number of benefits, including low labor costs, a transparent tax system and proximity to CIS countries. Taxation features, including the absence of a profit tax, provide companies with the opportunity to avoid tax payments when reinvesting profits in business development.

Regarding the process of obtaining an API license in Estonia, the following features should be noted.

  1. The license is granted for an indefinite period.
  2. Ability to work with fiat and electronic money.
  3. Possibility to separately obtain a license to work with cryptocurrencies.
  4. Opportunity to undergo the certification procedure in other EU countries for a payment institution and an electronic money institution.

The requirements for licensees are listed below.

  1. It is mandatory to have a registered physical office in the country.
  2. Requirement that the director of the company be a resident of Estonia.
  3. The need to have qualified specialists in the company’s management team, including those with experience in financial management.
  4. Guaranteeing the availability of technical, personnel and organizational prerequisites.

Regarding the necessary documentation and information to obtain a license:

  • it is important to provide a business plan and financial plan;
  • documents are required confirming the identities of key personnel in the company;
  • it is necessary to provide a description of the software used;
  • it is also necessary to provide developed internal procedures, such as AML/Compliance and others.

The option of company with API license for sale in Estonia makes it possible to immediately start working and avoid lengthy stages of obtaining permission.

It is important to note that Estonia does not have a uniform law on licensing financial institutions, so the procedures for obtaining a license depend on each ministry or institution that controls a particular type of activity. Submission of an application for a license is required after the registration of the company and before the commencement of activities in the relevant field.

How much is it to obtain authorised payment institution license in Estonia?

The cost of obtaining this permit is a variable parameter, as it depends on a number of third-party factors. Our lawyers will calculate the approximate price for you before the start of cooperation. We will also take into account your commercial plans and do everything to optimize your budget.

What does an investor receive with the option of sale of authorised payment institution license in Estonia?

This is a completely ready-to-use structure, by launching which you can start making a profit from the first months of operation. Our lawyers will accompany you at every stage of the licensing or acquisition of a ready-made permit. We are also ready to offer you ready-made API licenses in Lithuania, Germany, France, Portugal and other countries.

Businesses for sale

API license in Lithuania for sale

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Package includes: Company with API license in Czech Republic; Cross boarding all over European countries; Bank accounts; Czech Republic does not require to resend funds once received from client, i.e. same possibilities as has AEMI in UK. Asking price: on a request For details: office@eternitylaw.com / Telegram anastasiiaeternitylaw Please feel free to join our telegram channel in order to keep...

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The API license in Malta for sale was granted by MFSA 2+ years ago. Authorizations of API license in Malta for sale: Services that are aimed at depositing cash in an appropriate payment account. In addition, any transactions that are needed in order to work with a payment account; Services that are aimed at withdrawing...

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