Forex License in Estonia 2026

A license is obligatory to be received in the case of performing a relevant business activity in Estonia. The licenses are issued by the Estonian Financial Supervision Authority (EFSA).

The company’s activities may include the following:

• Establishment of a joint-stock company
• Opening of a representative office
• Opening of a branch

JOINT-STOCK COMPANY

The following must be undertaken to establish a joint-stock company:

• Appointing the auditor
• Preparation of documents
• Opening the bank account
• Registration at a notary
• Capital — 25,000 EUR
• Registration in the Securities Centre

Apart from the steps, the following documents shall be sent to EFSA:

• Charter / notarial constituent documents
• Information about shareholders, stockholding
• Information about founders, members of board/council
• Information on the companies in which the petitioning company participates by more than 20%
• Information about auditors of internal control authorities
• Balance, profit and loss statement, the annual report (for active company)
• Three years’ business development plan
• Document confirming an obligation to make payment to a pledge fund upon receipt of the license – one time, 1,300 EUR
• and other documents, which will be defined by the specialist

To get the license, it is necessary to have an authorized capital in the sufficient amount:

• Operations with securities, including in the name of a customer/at the expense of a customer — 50,000 EUR
• Emission and securities portfolio management — 125,000 EUR
• Underwriting, storage, securities management, trading at own expense — 730,000 EUR

Time frame

It usually takes up to 4 months to obtain a forex license in Estonia.

REPRESENTATIVE OFFICE

The representative office of the company should provide the following to be approved by the authority and operate legally:

• a certificate proving the license availability in the country where the head office functions
• an activity plan of the representative office
• a power of attorney issued by the head company
• a certificate or an extract on the head structural unit registration
• articles of association
• address of the representative office

OPENING A BRANCH

The branch of the company must provide the following to obtain an operating license in Estonia:

• name and address of a branch
• information about the head of the structural unit
• business plan
• if the parent company does not operate inside of the EU, it is also required to receive: permission to establish the branch
• confirmation of legal operation of the company
• certificate that the parent structure has the license
• financial report on the head company’s activity

Regulated United Europe can help obtain a forex license for your business activity. Please request a consultation.