Creditor and credit servicer authorisation

Credit servicer authorisation and its documents

Preparation of an application for authorisation as an Estonian credit servicer, and the documents it requires.

In short

Preparation of an application for authorisation as an Estonian credit servicer, and the documents it requires. The price is from €1,400, excluding VAT. How long it takes: drafting 6–10 weeks; FSA term. It is ordered and paid on micaconsult.com.

Who it is for

Companies servicing credit agreements for credit purchasers.

Price

Service	Price	Order
Estonian credit servicer authorisation (KIOS, Finantsinspektsioon)	from €24,000	Order
Business plan (KIOS § 8)	from €2,800	Order
Internal rules and internal control system (KIOS §§ 41–42)	from €3,600	Order
Complaints handling procedure (KIOS § 60)	from €1,700	Order
Fit and proper assessment of managers	from €2,400	Order
Qualifying holding information (KIOS § 29)	from €1,600	Order
Description of IT systems	from €1,800	Order
Payment account requirements (KIOS § 47)	from €1,400	Order

All prices are in euros and exclude VAT. VAT is added where it applies under the Estonian Value Added Tax Act.

What the price includes

Application for authorisation as a credit servicer under KIOS (Directive (EU) 2021/2167)
Mandatory documents are added automatically: business plan (§ 8), internal rules and control (§§ 41–42), complaints (§ 60), fit and proper, qualifying holdings (§ 29), IT systems
Business plan, internal rules, complaints procedure, fit and proper and qualifying holding information, IT description, payment account documentation
Application file

Not included in the price

State fees
IT systems

State and notary fees

State fees and the fees of the supervisory authority are not included in the price; you pay them yourself.

State fee for the licence application
Annual supervision fee

Requirements

Required documents are added with the application. Ordered and paid on this page; the amount is our fee for the standard scope, and work beyond it is done only with your written agreement. FIU licence FIU000117 is LexorCorp's own licence for its trust and company services; it does not authorise the client. The authorisation is granted or refused by the competent authority — no service provider can promise it.

Before we start

Estonian company
Own funds / share capital required by the Act
Fit and proper management

Documents and information we need from you

Articles of association and registry extract of the applicant
Proof of registered office and place of management in Estonia (lease, premises)
Organisational chart, staffing plan and job descriptions of key functions (compliance, risk management, internal audit, AML officer)
For each management board and supervisory board member: CV, copy of passport, criminal record certificate(s) from every country of residence in the last 10 years, declaration on fitness and propriety (investigations, dismissals, insolvencies, sanctions), evidence of qualifications and experience, time commitment and conflicts of interest
For each qualifying holder (10 % or more, direct or indirect): identity, ownership chart up to the ultimate beneficial owners, source of funds for the capital, financial statements (legal persons), fit-and-proper declaration and criminal record
Product description, target customers, credit volumes
Funding sources

How long it takes

Drafting 6–10 weeks; FSA term

Law and requirements

Credit Servicers and Credit Purchasers Act (KIOS)
Directive (EU) 2021/2167

General information about our service, not legal advice.

Cost and time at a glance

Our fee	from €24,000 — the fee for the standard scope, paid when you order
Fee of the authority	paid by you to the authority, not part of our fee: Procedural fee for a credit servicer licence application: €3,000 (Financial Supervision Authority Act (Finantsinspektsiooni seadus) § 45³ (2), read on 4 October 2026)
Our drafting	usually 6–10 weeks, depending on how complete your information is
Time of the authority	the authority's own statutory term applies; we do not control it
Decision	made by the authority alone; no outcome is promised

How a credit servicer authorisation application works

Your servicing activity
You: You describe the credit agreements you will service and the credit purchasers you will act for.
We: We confirm that the activity falls under the Credit Servicers and Credit Purchasers Act (KIOS).
Order with the mandatory documents
You: You order the application on the credit licensing page; the documents KIOS requires are added to it automatically.
We: We conduct due diligence on the applicant and plan the required documents with you.
Share capital and managers
You: You pay in the share capital in full and appoint managers who meet the KIOS requirements.
We: We compile the fit and proper file on the managers and the qualifying holding information.
Business plan and internal rules
You: You give us the figures and processes behind your servicing business.
We: We draft the business plan, the internal rules and internal control system and the complaints handling procedure.
IT systems and payment account
You: You show us your IT systems and open a payment account that meets the KIOS requirements.
We: We write the description of the IT systems and the payment account documentation.
Filing and replies
You: You sign the servicer application and remain available for the authority's questions.
We: We file it with Finantsinspektsioon and prepare the replies to its questions.
Granted or refused by the authority
You: You are notified of the outcome by the authority.
We: We do not decide: Finantsinspektsioon grants the authorisation or refuses it if the requirements of the Act are not met.

Order the credit servicer application

Questions and answers