When starting a Cryptocurrency business in Estonia, a self-equity of a few thousand Euros is in order – making the costs of opening such business fairly low in comparison to the starting costs in other jurisdiction. In order to operate any virtual Cryptocurrency exchange business, or provide other custodial wallet services, in Estonia, one is obliged to obtain the proper license. In addition to a sum of a few thousands Euros as charter capital, a sum of up to 5,500 Euros should be allocated to registering a Cryptocurrency licensed limited liability company in Estonia.
Often, regulators will demonstrate open-mindedness and will be willing to facilitate the progress of your business.
Compared to other jurisdictions, therefore, licensing and regulations of Crytocurrency companies in Estonia are favoring and their enforcement is carried in a professional manner and with relative ease. Thus Estonia, undoubtedly, becomes a prize destination for those wishing to operate their Cryptocurrency business.