Forex License in Estonia

Forex License in Estonia It is essential to obtain a forex license when performing a business activity in Estonia. Licenses are issued by the Estonian Financial Supervision Authority (EFSA).

The company’s activities may include the following:

Establishing a joint-stock company

Opening a representative office

Opening a branch

JOINT-STOCK COMPANY

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

  • Appointing an auditor
  • Document preparation
  • Opening a bank account
  • Registration at a notary
  • Capital — 25,000 EUR
  • Registration in the Securities Centre

Requirements

After completing the steps, the following documents should be submitted 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)
  • Business development plan for the next three years
  • Document confirming an obligation to make payment to a pledge fund upon receipt of the license – single time, 1,300 EUR
  • and other documents (the specialist will define)

To receive a 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 must 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.

Legal Services for Your Forex Project from 1,500 EUR
Sheyla

I am at your service to facilitate the acquisition of a Forex License in Estonia. Allow me to provide expert guidance in navigating the legal intricacies and regulatory requirements, ensuring your full compliance and a legally sound foundation for your forex activities in Estonia.

Sheyla Shamilli

MANAGing associate

email2[email protected]

RUE customer support team

Milana

Milana

“Hi, if you are looking to start your project, or you still have some concerns, you can definitely reach out to me for comprehensive assistance. Contact me and let’s start your business venture.”

Sheyla

“Hello, I’m Sheyla, ready to help with your business ventures in Europe and beyond. Whether in international markets or exploring opportunities abroad, I offer guidance and support. Feel free to contact me!”

Sheyla
Diana

Diana

“Hello, my name is Diana and I specialise in assisting clients in many questions. Contact me and I will be able to provide you efficient support in your request.”

Polina

“Hello, my name is Polina. I will be happy to provide you with the necessary information to launch your project in the chosen jurisdiction – contact me for more information!”

Polina

CONTACT US

At the moment, the main services of our company are legal and compliance solutions for FinTech projects. Our offices are located in Vilnius, Prague, and Warsaw. The legal team can assist with legal analysis, project structuring, and legal regulation.

Company in Lithuania UAB

Registration number: 304377400
Anno: 30.08.2016
Phone: +370 661 75988
Email: [email protected]
Address: Lvovo g. 25 – 702, 7th floor, Vilnius,
09320, Lithuania

Company in Poland Sp. z o.o

Registration number: 38421992700000
Anno: 28.08.2019
Phone: +48 50 633 5087
Email: [email protected]
Address: Twarda 18, 15th floor, Warsaw, 00-824, Poland

Company in Czech Republic s.r.o.

Registration number: 08620563
Anno: 21.10.2019
Phone: +420 775 524 175
Email:  [email protected]
Address: Na Perštýně 342/1, Staré Město, 110 00 Prague

Finwyn Consultancy LTD

Please leave your request