New Estonian crypto regulation changes

You can also check our Youtube video with comments on the proposed changes here.

A couple of weeks ago the Estonian parliament published a new draft law for crypto companies in Estonia.

Overall, it’s a major disappointment for all industry participants. Except, perhaps, for the Estonian FIU (the liability of supervising the licensed companies would move from the Estonian FIU to the Estonian FSA). They would have less work to do.

And if you’ve ever worked as an official, then that’s the dream.

The proposed changes have caused a lot of questions and worry from license holders and (potential) license…


This article was first published on our blog.

Unless your freelancing is based on writing as a service, it’s likely that you don’t spend too much time honing your writing skills.

Most freelancers aren’t good at copy (neither am I, but doing my best to get better). It’s because your main expertise lies in a different domain. You’re either an IT consultant, software developer, UX designer, etc.

So even if you wanted to, it’s difficult to find the time to practice your copywriting skills. Unless it’s an absolute priority for you.

And maybe it should be.

A good story enables…


The EU market for crowdfunding is currently underdeveloped as compared to other major world economies. One of the biggest hurdles faced by crowdfunding platforms seeking to offer their services across borders is the lack of common rules across the EU. This raises compliance and operational costs and prevents crowdfunding platforms from expanding.

Why is EU crowdfunding legislation necessary?

Currently, the regulation of crowdfunding in the EU is still primarily based on national legislation. …


Updates to Estonian crypto licensing process

This post was first published on our blog at e-resident.me

In the spring this year Estonia changed its crypto regulations.

Like everything in 2020, this as well has been a chaotic and unpredictable process.

How can it be unpredictable, considering, that all requirements are public and written in the law?

Because regulations can be interpreted in different ways. And, not only by us, lawyers and consultants helping out clients. Also, officials within the FIU interpret different requirements in a different way.

And as you can already assume, this has caused a lot of difficulties and confusion among applicants. …


This article was first published at e-resident.me blog.

Remote work is a concept familiar to everyone now. It was a thing long time ago, but in 2020 in became a necessity.

And if you can already work remotely from your home, should you really work only for one big corporation?

Yup, the next thing on your mind is starting a freelancing career and provide services that you know how to do. This is a different level of freedom and possibilities that are opening up now.

To make things tax-efficient and legitimate, you’ll form an LLC. And if you’re really clever…


This article was first published at the e-resident.me blog.

Have you checked out the e-Residency official Facebook group?

If you have, you probably know that there’s a lot of noise, promotion, and little quality in terms of conversations.

For six and seven-figure e-residents, there’s little value in this group.

There’s a big difference if you’re just applying for e-Residency and looking for a business idea, versus having a working and growing business. You have different questions, you want to have different conversations, and you need different advice.

Therefore, we decided to start a Facebook group for active, successful, and growing…


This post was first published at e-resident.me

Once you become an e-resident and start looking into service providers who can help you, it can get overwhelming pretty quickly.

By now, there are quite a few different providers. Some service providers are focused on concrete geographical markets, and some are focused on concrete industries.

And then, we have providers who do not have a concrete focus at all. Their main tactic is to lure people in with an attractive entry price and provide a “generic” service.

In this article, we’re going to compare Xolo and Comistar. Why Xolo and us? For…


This post was first published in our blog at e-resident.me

We work a lot with Fintechs and crypto companies. Crypto companies do fall into the Fintech category in my opinion, but it’s also a whole separate category by its own. With the recent changes to the crypto regulations and the wide variety of required support for Fintechs, we re-branded our licensing services to FinTech Launchpad.

The next obvious question is “What is FinTech Launchpad?”.

In this article, I am going to make a conclusion of the Fintech Launchpad and what it entails. …


This post was first published on e-resident.me blog.

AML officer is the contact person for the Estonian Financial Intelligence Unit, who will answer directly to the board of the company. The AML officer is either employed or part of the structural unit, i.e company board of directors. The AML officer has to notify the FIU if the company isn’t following the AML regulations.

Estonian crypto regulatory environment hasn’t been the most stable in 2020. Perhaps it’s because the old rules were too liberal. …


This interview was first published at our blog at www.e-resident.me

Most Estonian e-Residency companies need to have the VAT number sooner or later. At Comistar, we take care of the application for you once you’ve appointed our accountants to represent your company at the Estonian tax office. You can find the tutorial to appointing an accountant to your Estonian company by clicking here.

In this tutorial, we’ll go through the updated process of applying for the Estonian VAT number.

STEP 1: Go to the tax office website

That’s pretty easy — just click here. You choose the preferred language in the top right-hand corner. Once this is done…

Comistar Global

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