In just three steps, you can become a cryptocurrency trader in Estonia. We summarize the procedure below you first need to form a company in Estonia and for that first step you have the specialists of Foster Swiss, who advise you throughout the process of forming a company in the jurisdiction that fits your requirements.

Once the company is formed and in operation, a bank account must be opened in accordance with the provisions of the Estonian authorities for this purpose. And finally apply for the cryptocurrency license before the Estonian Financial Intelligence Unit.

At the time of making the request, personal and company documents must be submitted, that is, comply with the entire process that identifies a company and verifies the identity of the customers, referring to the banking and anti-money laundering regulations that govern these activities.

What does a virtual currency service provider offer in Estonia?

By obtaining the License as a Virtual Currency Service Provider, you will be able to offer.

Cryptocurrency exchange businesses

Services for the exchange between fiat money and cryptocurrencies, and between different cryptocurrencies.

Companies oriented to ICO, that is. the so-called original coin offering, will benefit from this legal compliance license.

The license allows the company to conduct business similar to a cryptocurrency wallet.  The license covers services in which private wallet keys are created or maintained, while the funds belong to the user and not to the service provider.

You will be able to acquire an existing shelving company with an already approved cryptocurrency license.

Currently Foster Swiss is made up of a team of 140 employees who achieve the delivery of more than 15 thousand companies per year in 126 jurisdictions, our main purpose is to advise our clients throughout the process of management and incorporation of their companies and / or bank accounts.

If you want to delve into this topic, our services and rates contact us through info@fosterswiss.com