Currency exchange company in Estonia
According to Estonian legislation currency exchange goes under the activity „providing services of currency exchange“. Estonian FIU (Financial Intelligence Unit) issues authorisations (operating licences) for operating in this field of activity. To get the licence, certain information and documents together with an application must be presented to them.
One of the main requirements is that each shareholder, board member and beneficial owner of the company must present a Certificate of the register of convictions of its country of origin, which certifies the absence of a penalty for an offence against the authority of the state or a money laundering offence or another wilfully committed criminal offence (not older than 3 months and certified with an apostille).
Over the last years we have successfully established tens of such companies with the FUI licence, thus we have enough experience with that.
Please note that in the current situation nobody can guarantee opening a bank account for your currency exchange company, however it is doable if you have some patience. As we all know there are many companies all around the world who operate in that area and have bank accounts.
If you are interested to set up a currency exchange company please fill in your contact information below: