Licensed crypto-company / cryptocurrency license

Estonia has become one of the most attractive jurisdictions (and one of very few) to provide cryptocurrency license thereby making Estonia attractive not only within the European Union, but for clients all around the world.

Compared to Maltese regulation, Estonia provides a cost-friendly and quick EU-regulated entity that is allowed to provide services in the area of crypto-assets.

So, if you want to make a quick move in your crypto business, an Estonian license is waiting for you! All you have to do is to contact Aniva Consulting and make it happen!

The first step needed is to set up a company and get an e-residency card from the police, so you can communicate directly with local authorities.

If all is successful and you got a company, the next step is to obtain the license. The share capital of €12,000 (twelve thousand euro) must be paid after the company is formed and will be free for use, soon after the official registration of company in the business register.

What do I need for the application?

  1. Contact details of the shareholder;
  2. Address from where services will be provided and webpage;
  3. Name and contact details of person submitting the application;
  4. Ultimate beneficial owner’s and contact person’s identification – name, personal number (TIN, birth date etc.), place of birth and address of residency;
  5. Documentation under sections 29 and 30 of the Money Laundering and Terrorist Financing Prevention Act;
  6. Name, personal number (TIN, birth date etc.), place of birth and address of residency, citizenship, position, contact details of the person who will be responsible for meeting the AML/CFT requirements (i.e., the Compliance Officer), specified in the Money Laundering and Terrorist Financing Prevention Act and in the International Sanctions Act of Estonia; and
  7. Extract from criminal registry from the country of origin of the UBO, Board member, agent or real beneficiary (if not Estonian resident).

And – that’s practically it! The local regulatory authority is the National Financial Intelligence Authority (Rahapesu Andmebüroo, RAB), where the application will be submitted. RAB usually takes about 2 months to decide on your application.

In case you’re interested and want the process to run as smoothly as possible, feel free to contact Aniva Consulting and we will guide you on this entire process to obtain a fintech license in Estonia.

Licensed electronic money institution

Combination of speed, reputation and systematic approach – that’s Estonia! And if you want your electronic money institution to be part of this system, let’s make it happen with Aniva Consulting!

Estonia has become well-known mainly for crypto licenses, however, it’s an important place for EMIs too. So, what do you need to do for the application?

Your e-money license application must contain following documents:

  1. business plan
  2. safeguarding policy, describing the security of clients’ funds
  3. risk management policy
  4. security incidents policy
  5. complaints policy
  6. AML policy (and procedures potentially)

There are other important requirements, like local office space, the director and compliance officer must be residents, a minimum capital requirement of €350,000 and requirements on the quality of directors (education and experience).

In your EMI application, you will also need to provide details of your IT personnel and systems, including both core systems and any additional connected systems. The regulator will expect to see that you have these in place before it issues your EMI license.

On the positive side, once you have an EMI license there are big advantages to benefit from. One of them is passporting all around European Union by just submitting a notification to the local supervisory body. To further explain, passporting means that if your company is authorised to undertake certain activities by the regulator of one EU member state, it can apply for a ‘passport’ to do business throughout the EU without needing further authorization. Now that’s a significant advantage as you get to cover multiple markets under a single license which also keeps the cost of setting up in other jurisdictions low.

If you want to know more about an Estonian EMI license, feel free to contact Aniva Consulting!

Ready-made Estonian company / shelf company in Estonia

Estonia is not only about crypto (albeit it plays an important role in what the country is known for), but also about other business opportunities thanks to its very pro-business approach and having the reputation of being an EU member state.

Based on this and along with the smart concept of e-residency (necessary for foreigners to communicate with public authorities), demand for companies in Estonia has risen dramatically over the last decade and Aniva Consulting wants to be here for you, to meet all your professional requests!

Ready-made companies or sometimes called shelf companies, are dormant legal entities that have already gone through registration with the relevant office bearer and shareholders and business activities unchanged from when it was originally registered.

Acquiring an existing business in Estonia is a convenient way to enter the EU market for those outside the EU. Business may be managed easily by the use of e-residency cards, and this makes Estonia so much more attractive compared to other EU states where your presence is required.

Better yet, the costs to maintain an Estonian company is relatively low while you enjoy the big returns of a great reputation and free movement around the EU.

Don’t waste money and time and contact us at Aniva Consulting to provide you with a helping hand in Estonia!

Bank account in or outside of Estonia

Struggling to open a bank account for your company? Or do you have problems with finding a specific currency account or omnibus account?

This is exactly what our experts from the payments industry at Aniva Consulting do. Just let us know your requirements and we will work with you to liaise with financial institutions and banks that would be interested in opening an account to meet your business scope.

Getting a bank account has become a struggle for many companies and even more for financial or payment institutions (but also others). As the AML/CFT legislation is evolving each year, impact of these changes is felt in financial industry, but also in any other areas, including standard accounts, alternative payment methods, but also correspondent banking (yes, even banks have problems with bank accounts!).

With Aniva Consulting, you can always be sure that our experts will ensure and care to have your account opened in a suitable institution to advance your business needs. You just have to express your needs and we will put our maximum efforts into finding the best suitable institutions to cover your business according to your wishes.

AML/CFT and regulatory compliance

Nowadays, there’s no doubt that each financial, payment institution or companies from other industries face compliance issues, that occur on a regular basis. Thus, the very real need for a proper compliance system set up within the company. This is related to both, anti-money laundering and counter-terrorism financing (AML/CFT) activities as well as to regulatory compliance.

But why struggle to set all this up on your own? Our team of AML/CFT experts at Aniva Consulting are here to help you create a robust and fully compliant AML/CFT system. Don’t hesitate to contact us!

The AML/CFT area has become one of the most focused areas among regulatory bodies in all developed countries and the main challenge for most payment and capital markets (or other financial) institutions. Nevertheless, our experienced team is ready to provide you the helping hand you need in this area, and we will assist you to set up your system properly in accordance with the expectations of your regulatory body, so you don’t have to be worried about significant deficiencies that might bring you trouble.

Our team of AML/CFT experts have extensive experience in preparing AML policies and procedures and rich experiences with the setup of AML/CFT systems in different types of payment and capital market institutions in various jurisdictions, you can feel more than safe with the quality of the AML/CFT system we will design for you and be assured it will be to a quality standard that more than meets our regulatory body’s requirements.

Moreover, regulatory compliance comprises the preparation of various different reports, which our team of experienced personnel will take care of for you instead of you having to create, train and supervise a team of your own. Ensure good relations with your regulatory body through a proper AML/CFT system – our consultants are here to share their experiences and help you to always remain compliant.

AML/CFT and payment services gap analysis

Each company has its own desired outcome in its business plan or in the minds of their founders or directors. However, the reality tends to be different or deviates to a certain extent from your business goals. While many will accept it as a natural and expected phenomenon, but what if you could achieve your desired company outcomes?

There’s often a gap between “where we are” and “where we want to be.” You’ll never get rid of it, however, let’s make it as narrow as possible!

Payment and financial institutions may face deficiencies in different areas, however, now the most important and business-crucial ones are the deficiencies in the AML/CFT and payments area. Struggling with account opening or onboarding a client due to AML/CFT issues might affect business adversely or even existentially, therefore, it is necessary to remove such obstacles to be able to move the company forward.

Our team is aware of this necessity and is ready to perform full-scale gap analysis of your company and activities using data and statistics from previous periods. We will then help you close the gap and remedy the situation with additional options of opening necessary accounts with the improvements implemented.

Don’t hesitate to reach your goals – with our assistance, you will be closer than ever before!

AML/CFT training

An effective AML/CFT system does not only consist of having a proper set of rules, rather it heavily relies on the people who make up your compliance team. And these people need to have proper experiences and updated knowledge – this can only be achieved through constant and timely AML/CFT training, done either in person or regularly online.

Consultants from Aniva Consulting possess multi-year experiences from payments and capital markets industry in the area of AML/CFT, and we are ready to share our knowledge and experiences with your staff and teams.

You can gain knowledge much faster and satisfy your regulatory / supervisory body with the level AMF/CFT compliance knowledge your internal teams and skilled personnel possess. All payments and financial institutions need to have their customer facing staff, operation personnel, compliance department, third line of defense (internal audit) staff and senior management with board of directors aware of potential AML/CFT issues.

As this area has become a serious concern in the eyes of supervisory bodies and banks, it’s necessary to prepare your infrastructure and know-how of your personnel.

Don’t waste your time and resources – you can increase the knowledge of your staff more effectively and in short-time, while developing high quality AML/CFT compliance know-how in-house! Contact us at Aniva Consulting and together, we’ll make it happen!

Corporate admin in relation to an Estonian company

One of the most time-consuming part of every business is the incredible mountains of paperwork that inevitably needs to be handled to remain compliant with local company law requirements. This administrative work occupies and takes up your existing personnel resources and human resource funding which could be used towards increase sales or marketing personnel headcount. Or are you a new company looking to keep a low headcount while remaining statutorily compliant with local mandatory requirements?

Your time and that of your staff are precious – leave the corporate administration to Aniva Consulting and focus on your business and profit!

Not only licensed companies in the area of payments or capital markets, but also standard ones require hard work and dedicated corporate admin teams to meet all the mandatory requirements not only during their formation, but also on an ongoing basis. Setting up such teams takes time, money and multiple error corrections before an effective system can be set up. Why not solve this easily through the help of Aniva Consulting’s team of experienced personnel who will care for your company’s corporate admin needs as well as communication with relevant authorities.

Where you would like to have your own in-house teams, Aniva Consulting’s consultants are ready to provide you with consultancy assistance to help you with the storage of all relevant client documents, their preparations, certifications, reporting or warning you about mandatory deadlines. In this way, we will be your second line of defence and you don’t have to rely solely only on your employees. You can be sure then that you meet the expectations of your supervisory body.

Don’t waste time on paperwork – focus on your profit and Aniva Consulting will take care of the rest!

Obtaining legal, tax, accounting or audit assistance for clients

A natural part of each business is regular legal and tax advisory that’s necessary to properly run a business. This might be to purely consult on specific activities, a new type of business concern or certain issues have arisen in connection with your supervisory body. The same applies to taxes where prevention is always better that any kind of sanctions.

Feeling uncertain about any legal issues, accounting or tax questions? Do you require an AML/CFT compliance auditor? Ask Aniva Consulting for assistance!

It’s only natural that business expansion will result in new questions which will require additional and more specific consulting or advisory on. Our experts from both fields have a global network of advisors who are sound professionals in their own regard. We will assist you by sourcing the best suited advisors to match your needs and provide a list of carefully selected advisors who will assist to solve your specific issue.

Having solved various payments or capital market industry concerns and possibly similar issues to what you might have now, our consultants know exactly where to find the right answer and who to connect you with, thus providing you with a one-stop-solution, so you can save time finding the right lawyer or tax advisor. Our network already comprises expert in all the necessary areas for your business.

Avoid the long and costly search for the right person, ask our consultants – we will get you the right advice immediately!

Get a personal consultation.

We will take care of your business setup requirements.