Eternity Law International — News — Asset management license in Estonia

Asset management license in Estonia

Published:
February 9, 2024

In finance, funds supervision and controlling have an essential and complex role. Individuals or organizations involved in management of investments and securities portfolios are charged with responsibilities requiring a highly-leveled professional background and correspondence with legally-set norms. Getting appropriate operating permits becomes a key step.

Our team specializes in professional assistance in establishing and launching business-projects in various commercial areas. Our professionals are ready to give you fully-covering consultancy on any issues connected with getting asset management license. We possess an offer of Estonia asset management license for sale.

Overview of asset management license in Estonia

Primary responsibilities of such firms are to control and supervise assets, whether in the form of enterprise or a contractual structure. Such a firm might be entrusted with controlling several assets. Additionally to this function, it may provide various services such as portfolio supervision, investments consultancy, protection of units or shares for clients, and other services according to relevant legislative basis.

Direct supervision of such firms is carried out by Estonian financial supervisory authorities. To register, entrepreneurs need to provide Financial Inspectorate with mandatory data and documentation in accordance with established format, as required by law. Applications need to contain a legal analysis disclosing registration grounds.

Specialized companies are allowed to register their business-activities specifically for assets supervision under EU-rules. Detailed guidance and information regarding registration and related matters is provided in rules governing functioning of specialized firms, incl. EuVECA, EuSEF, ELTIF and MMF.

Our team is ready to give you fully-covering assistance in getting such a permit. Additionally, you may turn to option of asset management licensed company for sale in Estonia.

Obtain asset management license in Estonia: submit an application

This procedure is a decisive step in creating such firms. This key process is covered by precise normative points and procedures set out on a legislative basis. Below is the detailed documentation and data needed to get asset management license in Estonia.

  1. Articles of incorporation: if a firm already exists, provide a copy of current articles of association. If modifications are made to Statute by general meeting, provide documentation reflecting them.
  2. Foundation agreement: in case of creating a new enterprise, provide a notarized copy of foundation agreement, and documentation confirming payment of capital.
  3. Business-plan: develop a fully-covering business-plan meeting legal points.
  4. Financial statements: include the applicant’s opening balance sheet, summary of incomes and expenses, or statement of balance and incomes as of the end of month-period prior to filing application. If business-structure has been in operation for more than a three-year-period, provide annual reports.
  5. Internal rules: present internal rules or proposals.
  6. Data about supervisory board: provide detailed data about members of supervisory board, including personal information, residential addresses, education and a list of previous positions.
  7. Auditor: provide data about the applicant’s auditor.
  8. Data about Managing Director: Provide details of Managing Director, including personal details, education and work expertise, and provide a copy of contract with Managing Director.
  9. Shareholders: Prepare a list of applicant’s shareholders, including their details and voting weight.
  10. Information about major shareholders: provide information about persons controlling more than 10% of the voting rights of the shares.
  11. Information about subsidiaries: Disclose information about enterprises in which the applicant or its management owns more than 20%.
  12. Net Equity Certification: If business-structure is already in operation, provide documentation of net equity value.
  13. Accounting Rules: Include internal accounting rules.
  14. Industry Investor Protection Fund Payment: If the applicant plans to provide certain services, provide documentation of payment to the investor.

If documentation and data submitted raise doubts about applicant’s ability to efficiently manage assets or meet standards, or if additional data verification is needed, Supervision Authority reserves rights to request supplementary data and documentation. This careful process ensures integrity of business-structure.

We’ll help you with preparation of mandatory documentation. Additionally, our team is ready to offer you option of an asset management license in Estonia for sale.

Duration of procedures: how to obtain asset management license in Estonia

The Financial Inspectorate will make a decision on issuing or refusing to issue an activity-license within a two-month-period from the date of receipt of mandatory documentation and data. This decision cannot be delayed more than six months from the date of initial submission of application.

Cost of applying for an asset manager license in Estonia is €1,000.

With our help, you might quickly and easily get such a permit in any country. Our professionals tell you about the best jurisdictions to obtain an asset management license and select the perfect option for you. We possess an offer to buy Estonia licensed asset management company.

Industry peculiarities

In the finance sector, such permission play a key role, as such firms have responsibilities for effective supervision of assets and investments. In Estonia, this process is simplified due to a favorable regulatory environment, where obtaining the appropriate license becomes a defining moment.

System support in Estonia creates the conditions for a successful start for asset managers, allowing them to move confidently towards their licensing goals. With necessary knowledge and compliance with regulatory standards, professionals in this field can look forward to a rewarding and rewarding career in the dynamic world of finance.

Thus, establishing such a company in this jurisdiction is a very attractive option. We are also ready to offer you the option of an Estonia asset management licensed company for sale.

Advantages of jurisdiction

Estonia, as a country with impressive growth rates, ranks second in Europe after the Czech Republic, with minimal public debt and a high credit rating. These factors make it stable and constantly growing, which is an important aspect for a business. Stability ensures the preservation of achieved successes, and overall economic growth has a beneficial effect on the development of companies.

An additional advantage is Estonia’s membership in the European Union, which provides access to the union’s internal trade, tax and customs rules, making it much easier for business.

Estonia, being a crossroads of routes between Eurasia, Scandinavia and the Eastern Bloc, has access to the sea and ice-free ports. Convenient location helps optimize transport and logistics costs. The country ranks third in the world in cross-border trade, which ensures fast, simple and minimal paperwork in export-import transactions.

This also indicates a high level of development of services and technologies. Estonia is actively digitizing logistics documentation within the European Union.

If you decide to establish this type of business in this jurisdiction, we recommend that you pay attention to asset management license for sale in Estonia. This is an option for a quick and effective commercial start.

Tax benefits

Estonia strives to create a prosperous European state and realizes tax advantages that contribute to its economic development.

  1. No income tax: companies are encouraged to keep profits within the company and use them for investment in development. The 20% tax is imposed only on dividends paid.
  2. Zero tax on the purchase of real estate: this contributes to more affordable ownership and development of this sector.
  3. Land Acquisition Tax: A tax of 0.1-2.5% has been introduced on land acquisition to help effectively manage the use of this resource.
  4. Lack of transport tax: promotes the development of this industry.
  5. VAT on turnover: companies whose domestic turnover does not exceed 40,000 euros are exempt from paying VAT.
  6. Tax advantages within the EU: companies with Estonian jurisdiction are not subject to turnover tax on transactions within the European Union and are not subject to customs duties.
  7. No Inheritance Tax: There is no inheritance tax, making it easier to transfer an inheritance.

These measures create a balance between stimulating business and preventing companies from being attracted solely for the transit of capital, emphasizing the importance of sustainable and real economic development.

Our lawyers are ready to offer you comprehensive professional support in obtaining the appropriate permit worldwide. We possess ready-to-purchase offers for the sale of asset management licenses in Belgium, Denmark, France and others. Additionally, our team is ready to provide you with the option of a ready-made asset management license in Estonia for sale.

You could be interested

Company registration in Madeira in 2023

Jurisdiction is administered by local authorities: it is an autonomous republic that belongs to Portugal. Madeira stands out among other countries and regions with its well-established and superbly structured infrastructure, which is why it is ideal for investors from different countries as a commercial hub. Company registration in Madeira is an aspect of interest to...

DIN EN 15224 Points

Quality importance in health care is often understood when people are frustrated by its absence, or when they suffer from unnecessary waste of time, or when they are threatened with unnecessary spending. Today, it is first item on health care institutions agenda. Because people expect medical services from better services. For all healthcare establishments, improving...

Investment funds

Investment funds (hedge). How to open Investment funds – companies engaged in collective investment. Their essence is the accumulation and saving of funds of private and legal entities for further investment through the purchase of securities and shares. For what purposes funds are created? Opening investment funds will help to solve a number of issues...

Swiss AG company with bank account for sale

AG company (public limited company), registered in Zurich, Switzerland; Year of company incorporation: 2018; Company has bank account in Switzerland in Credit Suisse Bank; Declared company activity: provision of services in the field of information technology, in particular the development and sale of software. Providing consulting services in the field of finance, management, blockchain and...

Crypto license in Italy

Crypto-currencies continue to be actively implemented and expanded in the modern world. A lot of capital-holders are interested in joining the crypto-environment and developing their business in this direction. This is due to the fact that this area is quite productive, profitable, effective and rapidly developing. Italy is one of countries supporting crypto-currencies and trying...

Changing Virtual Zone firm status to International Organization

IT-sector has possessed a strong place in the global economic space, becoming an essential and integral element of global economy. Firms are eager to find their place in the jurisdiction with the most favorable conditions in order to enlist constant and significant support in terms of scale. Many countries have upgraded their laws and regulations...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360