Estonia offers a regulated legal environment for virtual asset service provider (VASP) companies, being the first country in the EU to create the legal framework for virtual currencies in 2017. Our lawyers and AML compliance professionals provide structured solutions for crypto exchange and wallet licenses setup with corporate and AML compliance services support. MAXCORP is a member of the Estonian Crypto Association and has navigated hundreds of companies to get licensed in Estonia.
Estonia has a clear and favourable legal and tax environment (e.g. 0% corporate income tax) and this small EU country of just 1.3m people is regarded as one of the world’s most advanced digital nations, it is an alternative to jurisdictions like Cyprus or Switzerland, only with simpler administration. At the same time, since late-2021 the Estonian regulator FIU has been hesitant to enable entry for new market participants and the latest amendments to the AML law were passed in March 2022, which have increased the entry of barrier significantly. We would be glad to find a solution for your project as our lawyers know the ins-and-outs of the local scene and we are known to find solutions to complex challenges.