The process of an application

This page contains information about the application process.

An application for authorisation shall be processed by the Financial Intelligence Unit by granting or refusing to grant the authorisation within 60 working days as of the date of submission of the application.

For more information about the process of an application please contact rahapesu@fiu.ee or +372 612 3579.

The notification obligation

Pursuant to subsection 30 (6) of the General Part of the Economic Activities Code Act an undertaking submits together with the annual report a confirmation that it has performed the notification obligations provided for in subsections 30 (1), (2) and (5) of the General Part of the Economic Activities Code Act or about the absence of such notification obligations.

An undertaking is required to submit the annual report with the Commercial Register within six months of the end of the financial year. The report can be filed electronically via the e-Business Register Company Registration Portal. Please make sure that the information concerning the authorisation is correct in the the Register of Economic Activities. If the information concerning the authorisation must be updated, notice on change in economic activities must be submitted in the Register of Economic Activities.

To update information concerning the authorisation click "Change", complete the required fields and then click "Submit".

An application for authorisation must contain the following data and documents:

  • the address of the place of provision of the service, including the website address
  • the name and contact details of the person in charge of provision of the service with regard to all the places of provision of the service specified in clause 1 of this subsection
  • where the undertaking that is a legal person has not been registered in the Estonian commercial register: the name of the owner of the undertaking, the owner’s registry code or personal identification code (upon absence thereof, the date of birth), the seat or place of residence; the beneficial owner’s name, personal identification code (upon absence thereof, the date of birth), the place of birth, and the address of the place of residence
  • the name, personal identification code (upon absence thereof, the date of birth), place of birth and the address of the place of residence of a member of the management body or a procurator of the service provider who is a legal person, unless the service provider is an undertaking registered in the Estonian commercial register
  • the rules of procedure and internal control rules drawn up in accordance with § 14 and 15 of this Act and, in the case of persons having specific duties listed in § 6 of International Sanctions Act, the rules of procedure and the procedure for verifying adherence thereto drawn up in accordance with subsection 6 of § 13 of the International Sanctions Act
  • the name, personal identification code (upon absence thereof, the date of birth), place of birth, citizenship, address of the place of residence, position, and contact details of the compliance officer appointed in accordance with § 17 of this Act
  • the name, personal identification code (upon absence thereof, the date of birth), place of birth, citizenship, the address of the place of residence, position and contact details of the person who is in charge of imposing the international financial sanction and who has been appointed by the undertaking in accordance with subsection 6 of § 12 of the International Sanctions Act
  • where the undertaking, a member of its management body, procurator, beneficial owner or owner is a foreign national or where the undertaking is a foreign service provider, a certificate of the criminal records database or an equal document issued by a competent judicial or administrative body 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 and has been issued no more than three months ago and has been authenticated by a notary or certified in accordance with an equivalent procedure and legalised or certified with a certificate replacing legalisation (apostille), unless otherwise provided by an international agreement.

If an undertaking does not operate in an area of activity subject to the authorisation obligation, then notice on renouncement of economic activities must be submitted in the Register of Economic Activities.

Last updated: 01.03.2021