Eternity Law International News PI license in Estonia

PI license in Estonia

January 27, 2023

Operation of local payment-companies is monitored at the legislative level. There are special laws and directives (PIEIA and PSD2) specifying the norms for firms operating in field of payment-services. PSD2 is applied to banking-institutions, construction firms, payment-companies, e-money firms and their customers. PI license in Estonia is released by a special regulator – EFSA. Such authorization enables firms to spread payment-services throughout EU.

Requirements for PI license in Estonia 

To function as payment-institution, a firm needs to obtain PI license in Estonia. To implement this, applications are sent in written-form with all documentation:

  • Statute;
  • a notarized copy of memorandum or decision on company foundation;
  • confirmation of paid share or share-capital;
  • list of all services to be carried out;
  • business-plan that complies with PIEIA standards;
  • the applicant’s start-up capital and profits and expenses for monthly-period prior to month in which application for opening active commercial project was made, and additionally reports, if any;
  • description of implementation of PIEIA’s general norms for keeping customers’ money and protecting clients;
  • data on information-technology;
  • measures to combat illegal monetary means and terrorist-financing, and duties to send payers’ data;
  • organization structure;
  • shareholders with their data;
  • data of managers and directors;
  • auditor data;
  • documentation that confirms value of company’s personal-funds, with auditor’s reports, etc.

Deciding to buy payment institution in Estonia, you’ll obtain licensed structure; thus, you have no need to implement above-mentioned.

Businesses for sale in Estonia

Cryptocurrency company in Estonia For Sale

Europe, Estonia
This sale offer provides a potential buyer with the opportunity to legally engage in the sale, exchange and storage of digital currencies in the future. This right passes to the new owner along with the license held by the company. Main provisions of the proposal The company is registered under the jurisdiction of the European…

A ready-made company with a local bank account in Estonia for sale

Europe, Estonia
Below you can see the information regarding the ready-made company in Estonia for sale Ready-made company in Estonia with bank account – whats included: Place of company incorporation: Tallinn, Estonia; Year of company incorporation: 2019; Company has opened bank account in LHV Bank (EUR, USD, GBP); Declared activity of company: administrative and support service activities;…

Ready-made company in Estonia with VAT and 3 bank accounts for sale

Europe, Estonia
Date of registration: 30 December, 2019. Has active EU VAT number. Main business activity – IT & Software development. We can change/add anytime the business activities of the company. Crypto authorizations – on a request. Bank accounts: ✅ Active SWIFT & SEPA bank account in BARCLAYS BANK ✅ Multicurrency bank account in Cyprus EMI ✅…

Providing payment-services to other countries

Organization holding payment institution license in Estonia can operate in another country by opening branches or offering cross-border services through an agent or distributor. When providing its services in another country, the company must take into account all the rights and rules of this jurisdiction.

To obtain permission to open an office in another country, businesspersons submit applications to regulatory body, attaching next-mentioned:

  • country where the opening is planned;
  • office address;
  • business-plan;
  • data about department heads.

Everything is served in Estonian. If the documents are in a foreign language, a sworn translation can be made. Plus, businesspersons may buy firms with PI licenses in Estonia.

Termination of permission

PI-license in Estonia is canceled in next-mentioned situations:

  • enterprise is subject to liquidation;
  • permission is revoked directly;
  • firms merge through acquisitions;
  • a merger creates a new company;
  • the firm goes bankrupt.

Beginning of work for PI in Estonia license for sale

When getting ready-made PI license in Estonia, you must first draw up business-plan. You must know exactly what you want to do. Specify the advertising plan, target audience, competitors, etc. You can draw up a sketch manually, and our experts help you to paint everything properly and create final version.

In addition, since businesspersons need to give precise guidance about your security system, monetary means flow, etc., it is important to have an expert on these issues on the team. When using intermediary solutions, ask them for all documentation.

  1. You must possess local activity in jurisdiction, and there needs to be a director who permanently lives locally.
  2. Enterprise may operate exclusively as an OJSC, so a board of directors of 3 or more people is needed.
  3. Only educated professionals with an excellent reputation can manage commercial structure.
  4. Capital of payment-institution is at least 125, 000 EUR.

Licensing PI in Estonia takes approximately 6 months, as the regulator may set additional questions and require a larger package of papers. If you contact our company for help, we will help you collect all the papers and achieve a positive decision, or assist you to buy PI license in Estonia. Additionally, we have an extensive list of shelf companies and licenses for sale. Contact us right now – our specialists are ready to provide you with comprehensive professional assistance in any matter.

You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.

You could be interested

Registration of a company in Poland

Poland has been a favorable market for foreign businesspersons who appreciate the country’s openness, geographic location, and well-educated and highly skilled employment market.  Accordingly, company registration in Poland is an excellent option to discover many commercial opportunities and take advantage of both low labor costs and attractive corporate taxation rates. Below is a brief overview of the...

Company registration in Ireland

Ireland is the state with the most optimal conditions to conduct free trade within the EU. The Irish jurisdiction offers a beginner and experienced entrepreneur a favorable investment and economic atmosphere for the development of activities in the IT direction, structuring and development of trade and holding structures. Basically, OJSC, LTD, various types of partnerships...

Crypto license in Georgia 2023

Introduction The world of cryptocurrencies continues to evolve rapidly, revolutionizing various industries and capturing the attention of investors worldwide. In this transformative field, governing  frameworks play a vital role in ensuring the integrity and stability of digital asset markets. Among the jurisdictions actively embracing this paradigm shift, getting a crypto license in Georgia has emerged...

Digital Banks

Digital banks: source of profit or cause of loss? In the era of innovative technologies, the so-called “digital banks” have become very widespread in the world. These are platforms that do not have their own branches in the traditional sense – offices with employees, cash desks, ATMs and terminals. The emergence and development of such...

Kazakhstan Financial Licenses & Company Setups

In today’s ever-evolving fiscal landscape, Kazakhstan has emerged as a promising place for persons and businesses seeking financial licenses and company setups. With its favorable regulations and forward-thinking manner, Kazakhstan offers an affordable and flexible solution for a variety of money services, including FOREX/brokerage, payment processing, and crypto services. This article explores the benefits of...

Regulation of asset management in Luxembourg

A standard-setter in the execution of Eurοpean fund regulation, Luxembourg plays a pivotal role in establishing platforms for internatiοnal fund allocation and granting EU retail and institutional clientele access to cross-border investing facilities. The 2nd-largest fund servicing jurisdiction in the world after the US, this is a preferable choice for fund managers and financiers alike,...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52

New York

1178 Broadway, 3rd Floor #3353 New York, NY 10001


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