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ESTONIA COMPANY FORMATION
Estonia Incorporation Guide
1. Cost of establishing an Estonia LLC (corporation) (without a visit with an e-resident card): 700 euros
2. Estonia business address service (1 year): 300 euros
3. Estonian Contact Person service (1 year): 400 euros
3. Estonian Government State Fee: 190 Euros
4. Advice on establishment and case follow up: 400 euros
Total: 1,990 euros
Estimated time required for incorporation:
1) Establishment preparation, document check, KYC confirmation, etc.: 2-3 business days
2) Establishment process: 1-2 business days
Estimated 3 to 5 days in total
* Estimated time required for e-resident card application: 4-6 weeks
(It is recommended to apply in advance before establishment.)
Estonia visa related
For non-European nationals applying for a visa to Estonia, there are short-term and long-term visas.
A short-term visa is a D-Visa issued for the purpose of staying for a period of less than 6 months per year. To apply, the employer must register with the Estonian Police and Border Guard Board.
In order to apply for a longer stay, you need to obtain a residence permit. For the first two years, you can apply for a long-term visa.
For more details, see the Residence permit section of the Estonian Police and Border Guard Board below.
Please refer.
https://www2.politsei.ee/en/teenused/residence-permit/
Estonia Virtual Asset License Information
Virtual Currency Service Provider License (Digital Assets Service Provider License) Eligible for application:
1) Virtual currency wallet service
2) Virtual currency exchange service
3) Virtual currency transfer service
4) A company in the name of or on behalf of a virtual currency issuer, or a company that offers or sells public or targeted proposals related to the issuance of the currency or the provision of related financial services.
Basic requirements for application:
1) Paid-in capital: (If cryptocurrency transfer service is available) at least EUR 250,000 / (For other services) at least EUR 100,000
2) A business plan that complies with the Anti-Money Laundering Act must be provided.
3) An auditor must be appointed.
4) A compliance officer who can work permanently in Estonia and who works exclusively for one company must be hired.
5) The minimum percentage of its own volume must be held in the volume of transactions performed within the scope of the service provision.
6) The country of residence of the executive must be in Estonia.
7) The directors of the Company must hold a university diploma and have at least two years of experience in the relevant field.
8) The company must have its own business premises in Estonia.
9) Procedures must be provided for customers and KYC procedures for customers must be carried out.
10) You must have an account in the European Economic Area (EEA Zone).
11) State Fee: EUR 10,000
Please note:
Please note that virtual asset licenses will not be granted in the following cases.
1. The information submitted by the business shows that the business is not operating in Estonia or has no significant connection with Estonia; or
2. The members of the board of directors do not reside in Estonia.
About MIRR ASIA
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