How to transfer crypto assets to your Estonian company
Estonian companies continue to benefit from progressive regulations that facilitate the integration of digital assets into conventional business operations. If you own crypto assets and wish to leverage them within your business structure, transferring them as a share capital contribution is an efficient strategy. This guide provides an updated overview of how you can transfer your cryptocurrencies to your company in Estonia.
Understanding the Basics
Before initiating a transfer, it’s essential to understand that your crypto assets can be transferred as a non-monetary contribution towards your company’s share capital. To make this happen, the company should be already established online or at the notary. However, this requires that your company’s Articles of Association permit such contributions. If not, amendments to the Articles may be necessary.
The Transfer Process
1. Legal Framework: Ensure your Articles of Association include provisions for non-monetary contributions. If amendments are required, these must be registered with the Commercial Registry.
2. Documentation to be submitted:
- Amended Articles of Association (if applicable)
- A shareholder decision document
- A non-monetary contribution valuation act*
- A transfer agreement of non-monetary contributions
- An application to the Commercial Registry for recording the contribution
*The valuation act mentioned in point No.3 simply means you will take a screenshot of the currency’s daily exchange rate from a trusted exchange website such as Binance for example to prove that the currency’s value meets the minimum share capital threshold at least.
NB! In case the value of the share capital is above EUR 25,000 the value of the contribution must also be verified by an auditor.
3. Tax and Regulatory Compliance: Once the transfer is recognized by the Commercial Registry, it’s crucial to declare the share capital contribution to the Estonian Tax and Customs Board, ensuring compliance with tax regulations.
Transferring crypto assets to your company in Estonia remains a viable option in 2025, thanks to the country’s forward-thinking approach to digital assets and business. By following the proper procedures and staying informed of legal requirements, companies can effectively integrate cryptocurrencies into their financial and operational strategies.
Silva Hunt can advise and prepare all necessary documents regarding non-monetary contributions.