- coordination of work with specialised legal partners for obtaining the licence
- please refer to the table below to find requirements for different types of financial licences and related costs:
| Investment firm | Payment service provider | E-money institution | Provider of virtual currency services | |
| Regulator | Financial Supervision Authority | Financial Supervision Authority | Financial Supervision Authority | Financial Intelligence Unit |
| Possibility of EU passporting | Yes | Yes | Yes | No |
| Mandatory location of seat and head office | Estonia | Estonia | Estonia | Estonia |
| Minimum number of directors | Two | Two | Two | One |
| Fit & Proper requirements for directors | Yes | Yes | Yes | Yes |
| Fit & Proper requirements for shareholders over 10% | Yes | Yes | Yes | Yes |
| Need for internal auditor | Yes | Yes | Yes | Yes |
| Requirements for internal rules | Yes | Yes | Yes | Yes |
| Requirements for outsourcing | Yes | Yes | Yes | No |
| Minimum share capital (EUR) | 50,000–730,000 | 125 | 350 | 100,000–250,000 |
| Requirements for own funds | Yes | Yes | Yes | Yes |
| Requirements for safekeeping of assets | Yes | Yes | Yes | No |
| Regular reporting to FSA | Yes | Yes | Yes | No |
| Requirements for recording of communications | Yes | No | No | No |
| FSA processing time | 2–6 months | 3–6 months | 3–6 months | 60–120 business days |
| FSA processing fee (EUR) | 1 | 1 | 1 | 10 |
| Indicative cost: drafting of documents other than commercial and technical documents (business plan, description of services, IT policies, etc.) and assisting in execution and filing (EUR) | 50,000–70,000 | 25,000–30,000 | 25,000–30,000 | 15,000–20,000 |
- hourly fee is charged for additional consultations over 20 minutes NB!
