Eternity Law International News License for the exchange of cryptocurrency in Estonia

License for the exchange of cryptocurrency in Estonia

May 16, 2018

Nowadays, Estonia can rightfully be considered one of the most profitable states for issuing a license for cryptocurrency and conducting crypto business. Businesspersons from all over the world choose this state to launch ICO projects, obtain licenses for the exchange of crypto currency, use cryptowallets.

Every year, more and more businessmen choose Estonia to launch the ICO, as well as to get a license to exchange cryptocurrency and to use cryptocurrency wallets.

The number of projects launched is steadily growing. Experts note that recently, start-ups for virtual currency, exchanges, ATMs and exchange resources are actively opening.

This is largely due to the fact that Estonia is in the lead on the advancement and accessibility of Internet services. Due to this, the country has become convenient for carrying out operations involving brokers and crypto-currencies.

It is possible to emphasize six five basic points that show all the advantages of conducting cryptocurrency business in Estonia:

  1. Price. At the cost of company registrations, Estonia is very profitable. Here appearance is much cheaper than in the UK, the United States, Switzerland or Singapore. Therefore, the license for opening a virtual currency exchange office in the country is much lower than in the above.
  2. Terms. A minimum of time passes from the submission of documents for registration and until the license is obtained. If everything is prepared correctly, the duration of the procedure will not exceed one and a half months.
  3. Laws. Licenses for exchange transactions can be obtained in a perfectly legal way. Since December of 2017, the use of cryptocurrency for business is available to all.
    This is called “virtual value”. In addition, there are conditions under which the token will qualify as securities. In Estonia, the percentage of probability that the regulator will consider a token as a security is much lower than in other countries, for instance, Singapore and United States.
  4. Regulator. Cooperation with regulatory bodies, as well as admission to them, can play a key role in any blocking project. Therefore, the cooperation in Estonia with the Financial Inspection and other financial regulators is much easier than in the USA and Singapore.
    Representatives of these organizations willingly provide legal information for entrepreneurs who deal with e-currency. A number of issues can be solved only with their help, therefore it is possible to address them without hindrance.
  5. Residence in Estonia. The state is supportive of business ideas from around the world. Now Estonia is the most leading country of digitalization as well as Internet technologies.
    Any businessperson who wants to start a business in this country can apply to get an e-residence card. It allows admission to all state councils and further make simpler relations with state organizations. The card will help to avoid bureaucratic delays and save time.
  6. Tax legislation in Estonia is also the most modest around the world. These are the OECD data. Altcoin, bitcoin, as well as many other crypto-currencies will not be subject to VAT / VAT. In addition, all ICO projects are exempt from tax payments.
    This means that the proceeds from ICO will not be subject to payment from profit until the stage until dividends are distributed.


In Estonia, it is easy enough to obtain official licenses for exchangers for cryptocurrency with the status of transactions from 7,000 Euros. Eternity Law International already accompanies a lot of projects related to the business of crypto-currencies, as well as with block technologies.

A specialists of Eternity Law International in this field helps to get a license for the exchange of cryptocurrency in Estonia. This service has already been used by dozens of customers.

There is a complex “Turn-key”, which includes:

  • analysis of Internet start-ups and advice;
  • assistance in establishing a legal structure;
  • escort during opening of accounts;
  • preparation for obtaining licenses;
  • submission of documentation to all appropriate authorities;
  • providing a legal address for the firm;
  • opening new offices and recruiting employees;
  • fee on state fees;
  • legal advice and the decision of accounting questions.

In addition, Eternity Law International helps in cooperation with representatives of the Financial Inspectorate and the Money Laundering Data Bureau.

Summarizing, we can say that the business of crypto-currencies in Estonia is the right choice. It is much easier to implement it than in any other jurisdictions. The most important thing is to follow all legal norms and acts of the country.

That there were no problems it is better to immediately use the services of qualified specialists. According to forecasts, Estonia will continue to focus on the development of e-money business in the future.

Analyzes show exceptionally positive dynamics. This direction is gradually developing and can bring considerable income to both residents and the country as a whole. Contact us, get expert help.

You could be interested

Forex regulation changes

Forex regulation changes. Forex regulation is becoming stricter, but this is expected to benefit the long-term investment safety of clients. The retail forex industry is developing rapidly. And the popularity of online currency and securities trading continues to grow. An overview of regulated forex brokers and the role of internal requirements evolves along with this...

To register a company in the Marshall islands

To register a company in the Marshall islands, what are the advantages? The Marshall Islands are located in the Pacific Ocean, Micronesia region. One of the most significant sources of expanding of the budget of the islands is the registration of organizations carrying out their business activities at the international level. Despite the fact, that...

Estonia in the tax system

The conditions for the development of business activities, which dominate in the modern world, make to select flexible and business-oriented tax platforms. The reason for this is many factors that form on the stability of a particular jurisdiction. According to OECD analytical data, the taxation system of Estonia is the most comfortable among other world...

Supporting the Regulatory Process for Acquiring a Small Payment Institution License in Poland

The financial arena stands as an ever-evolving, complex battleground, replete with both avenues for prosperity and formidable obstacles for those daring to venture into the realm of financial services. In the intricate mosaic of European financial markets, Poland emerges as an alluring beacon of opportunity for those intent on establishing their presence in this dynamic...

Features and Benefits of Different Payment System Types

Conventional banking institutions set many conditions that must be followed by those seeking to cooperate with a particular bank. As a rule, clients spend a huge amount of time to meet all the requirements set by the bank. This became one of the reasons for the emergence of virtual systems for payments – a profitable...

PI license in Malta

Malta is a convenient lawfullment to set up payment institutions. Remittance structures can create business, which would be based on the providing of electronic banking services. To perform such activities, it is necessary to enroll a company and obtain a payment institution license in Malta. If you want to set-up a company that issues electronic...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52


1629 K St. Suite 300 N.W.


Gediminas Avenue, 44A


Kesklinna linnaosa, Tuukri 19


Lochrin Square, 1


Jacovides Tower, 5 floor


Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai


Level 42, Suntec Tower Three, 8 Temasek Boulevard


20 Martin Place


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7