EMI In Estonia

An EMI license in Estonia allows a company to launch a payment system (PI) and a payment system with the possibility to issue virtual currencies (EMI), for example, a system for processing online payments.

Requirements

  1. Registered company in Estonia with an office in the country.
  2. A business plan with a full list of planned services and financial indicators.
  3. An operational plan reflecting the scope of electronic money services;
  4. The authorized capital – 350,000 EUR.
  5. Directors and managers of companies shall:
  • Be residents of Estonia;
  • Have an impeccable reputation (i.e. not to have a criminal record)
  • Possess the necessary education (i.e. have a diploma of financial education recognized in Estonia and have at least 3 years of work experience in the field of finance);
  • Submit the PSD Individual Form (the form contains basic information about the individual who carries out or is allowed to manage the company).
  1. The appointment of an Estonian auditor.

The city of Tallinn in Estonia. The Old Town is one of the best preserved medieval cities in Europe and is a UNESCO World Heritage Site. Tallinn is the capital of Estonia, and a major port on the Gulf of Finland.

The city of Tallinn in Estonia. The Old Town is one of the best preserved medieval cities in Europe and is a UNESCO World Heritage Site. Tallinn is the capital of Estonia, and a major port on the Gulf of Finland.
  • TIME:

    Obtaining EMI-license (6-12 months)

  • FEE:

    90 000 euros, which includes legal support, the formation of an application and the preparation of legal documentation.