De minimis non curat lex

The law does not care about the little things

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677-55-44

Peterburi tee 47, Tallinn

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Working days – 9:00 – 19:00
Saturday – 10:00 – 15:00
Sunday – closed

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Financial institution license (FFA)

The legal environment of the Republic of Estonia provides the businessmen with opportunity to render their clients with certain financial and investment services, as well as to offer ancillary services on the basis of the state license of the financial institution, (FFA-license).

Financial institution license (financial license) in Estonia

  • Regulator: Office for money laundering prevention (Financial Intelligence Unit, FIU)
  • Legal framework: Money Laundering and Terrorist Financing Prevention Act
  • Period of consideration for the application: up to 30 working days

The license of financial institution implies the possibility of providing the simplest financial and investment services, such as currency exchange, financial consulting, crowdfunding and investment collection, lending to business, etc.

When filing of an application for the obtaining of a financial license, it is necessary to select one or more directions of activity from the list provided below, as well as to provide the regulator with the accompanying documentation indicated in the legislation, for each selected activity.

On the basis of a financial license it is possible to render the following services:

  • Currency exchange
  • Provision of advice to clients
  • Borrowing and lending operations
  • Leasing transactions
  • Money broking
  • Guarantees and commitments
  • Transactions and acts related to the issue and sale of securities
  • Provision of the service of safekeeping and administration of securities
  • Savings and loan association

NB! Before starting a commercial activity, it is necessary to make sure that the company’s activities do not fall under the control of the Financial Supervision Authority, and there is no need to obtain a license or permit for activities, issued by the above-mentioned authority in the context of the Law on credit institutions, the Law on securities market and other legislation of the Republic of Estonia, directly related to finance and investments.

Obtaining a financial license

The filing of an application and the obtaining of a financial license is a consistent procedure established by law, requiring strict compliance with certain formal and material requirements arising from the relevant legal acts.

The lawyers of our office will provide you with full legal support in the issue of obtaining a license of the financing institution, including consultation on all the requirements established by law to the license applicant and his commercial activities, as well as prepare and provide the regulator with the appropriate application with all the supporting documentation necessary for the successful completion of the license obtaining procedure.

Contact us

If you have any questions or you are interested in the possibility of obtaining a license of a financial institution, please contact us using the following communication channels:

Telephone: +372 6775544
E-mail: klienditugi@kalashnikov.ee
Skype: kalashnikov.ee
Viber|WhatsApp|Telegram: +372 82088888

We will be happy to answer your questions and provide you with quality legal support in obtaining a license of a financial institution.

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Companies in Estonia