Estonia is one of the leading jurisdictions in terms of crypto currency regulations and its modern digital technologies.

Prior to applying for a crypto currency exchange and wallet service provider license you have to incorporate a local company. Fast incorporation procedure allows setting up a company remotely within days. In addition there is no paid up capital requirement.

There is also an E- residence card, which can be easily obtained, which allows its holders to gain access to various services online.

Special Notes

• Registered address must be located in Estonia

• Authorized contact person - required in case of non-Estonian director(s)

• VAT ID registration if turnover is over 40 000 EUR

• Filing of Annual Account

Tax rates

• VAT - 20% (there is also a reduced VAT rate of 9%).

• Earning profits in itself does not bring income tax liability, which arises only when earned profit is distributed to shareholders. While distributed profits are generally subject to the 20% CIT at 20/80 of the net amount of profit distribution.

KYC and AML requirements

All our clients prior onboarding have to go through our Due Diligence procedure which includes our AML and KYC checks.