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– reception and transmission of orders on behalf of third parties; and/or
– providing advise on crypto-assets; and/or
– execution of orders on behalf of third parties; and/or
– placing of crypto-assets
– exchange of crypto-assets for fiat currency that is legal tender;
– exchange of crypto-assets for other crypto-assets;
– operation of a trading platform for crypto-assets.
– for any crypto-asset services under Class 2 and:
– custody and administration of crypto-assets on behalf of third parties
|
Feature/Category |
CASP |
|
Type of company required to be eligible |
Limited Liability Company (S.R.O.) |
|
Corporate taxation |
19% |
|
Minimum paid-up statutory capital |
Class 1 CASP – EUR 50,000 Class 2 CASP – EUR 125,000 Class 3 CASP – EUR 150,000 |
|
Main requirements |
– Minimum 3 directors’ majority preferable in the country – Physical office in Estonia – MLRO, CRO, CCO, CEO – Internal & external audit |
|
Government Fees |
10,000 EUR |
| Approximate Timeframe | A complete application is normally decided upon approval within 6-10 months from the date of filing. |
- Operational Resilience Policies
- Full IT and Cybersecurity Audit
- Third Party Risk Management
- Incident and Crisis Management Setup
- Regular Reporting and Documentation
- Opening of operational and clients bank accounts (worldwide).
- Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
- Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit
- Provide outsourced Compliance & AML Support services
- Provide outsourced Risk Management services
- Assistance with finding local premises
- Assistance with Trademark & Brand Name registration
- Provide in-house trainings/seminars
- Provide Legal Opinions
- Provide DPO & GDPR Advisory services
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