Is your price the price of the licence?
No. Our price is our professional fee for preparing and managing the application. State and supervisory fees, the regulatory capital your company must hold, and third-party costs are separate. The licence is granted or refused by the competent authority.
Can you guarantee that the licence will be granted?
No. The decision belongs to the Financial Supervision Authority, the Tax and Customs Board or another competent authority. We prepare the application to the standard the authority expects and manage its questions, but we cannot promise the outcome or its timing.
What is the difference between a fund structure and a fund manager licence?
A fund structure is the corporate vehicle for the fund. It does not include the fund manager's authorisation, which is a separate application to the Financial Supervision Authority described on our fund licensing page.
What does the gambling line cover?
The application for the activity licence (tegevusluba) issued by the Tax and Customs Board. Operating permits for individual games or venues are a separate step and are not part of this price, and the state fees for both are charged separately.
Which AML documents does a payment, e-money or gambling licence application need?
The obliged entity must have a business-wide risk assessment, internal rules on customer due diligence, sanctions screening and reporting procedures, a compliance officer and a training plan under the Money Laundering and Terrorist Financing Prevention Act. The authority reads them to judge whether the applicant understands its own risks.
Will you act as our compliance officer or MLRO?
No. The compliance officer must be your own appointee, assessed by the authority. We write the AML/CFT framework and train your team on it; screening software and the officer's role are not part of the service.
What is safeguarding of customers' funds?
A payment or e-money institution must protect funds received from customers, either by segregating them on a separate account or in secure low-risk assets, or by insurance or a comparable guarantee (Article 10 of Directive (EU) 2015/2366; Article 7 of Directive 2009/110/EC). The application describes the method, the daily reconciliation and the records.
Do you open the safeguarding account?
No. The safeguarding account is opened by a bank at its own discretion. We prepare the policy and the documentation pack the bank asks for; insurance or guarantee premiums are third-party costs.
What player protection procedures does a gambling operator need?
Age verification, limits and self-exclusion, the handling of players showing signs of problem gambling, and a complaints procedure. They form part of the activity licence application under the Gambling Act and are checked again in supervision.
Does the responsible gambling package certify our gaming software?
No. Software certification is carried out by testing laboratories and is a third-party cost. The package covers the policies and procedures.
Can a road transport company use an external transport manager?
Yes, under Article 4(2) of Regulation (EC) No 1071/2009, if a contract specifies the tasks the manager performs effectively and continuously. An external manager may work for no more than four undertakings with a combined fleet of no more than fifty vehicles, and a Member State may set lower limits.
Is the transport manager contract part of the operator licence service?
The operator licence service includes the transport manager's documents for the application. Where the manager is external, the contract that Article 4(2) requires is a separate add-on at a fixed price. Finding a transport manager and the certificate of professional competence are not included.
Can you guarantee the licence?
No. The competent authority grants or refuses every licence. FIU licence FIU000117 is LexorCorp's own licence for its trust and company services; it does not authorise the client. We prepare and manage the application and answer the authority's questions.
What are the main risks of a licence application?
Insufficient capital, managers who do not meet the fit and proper requirements, a weak AML framework or a business plan without real substance. We identify these in the assessment before the application.
What happens if the authority asks for more information?
We prepare the answers with you within the deadline the authority sets; the procedure is suspended until the answers are filed.
Can a licensed Estonian company be run from abroad?
The application can be prepared and managed with you remotely, by email. The authority, however, expects real substance in Estonia: the registered office, and management and key functions that are actually carried out here. We assess this before the application.
How long does the Financial Supervision Authority take to decide on a payment institution or EMI licence?
The authority decides within three months of receiving the complete documents, and at the latest six months after the application was submitted; since 18 March 2026 the application is submitted through its application portal (Financial Supervision Authority, operating licences page, checked 5 October 2026). The time to prepare a complete application depends on your business model and documents; we confirm our preparation time in writing before the work starts and cannot promise the authority's decision.
What is the difference between a payment institution and an e-money institution?
A payment institution provides payment services — for example money remittance, payment accounts or payment initiation. An e-money institution may in addition issue electronic money, the stored value its customers hold; it needs higher initial capital and must safeguard the funds received for e-money. Which licence your model needs follows from the services you plan; we assess it before the work starts.
How long does an Estonian gambling licence take?
The Tax and Customs Board decides on the activity licence within four months of receiving all the documents and information, and at the latest six months after the application (Gambling Act § 18(4)); on each operating permit within two months, and at the latest four months after its application (§ 22(4)) — Gambling Act in the wording in force from 1 January 2026, checked 5 October 2026. The operating permit can only be applied for with an activity licence. We confirm our own preparation time in writing before the work starts and cannot promise the decision.
Who issues the road transport licence in Estonia?
The licence is issued, on behalf of the Ministry of Climate, by the Estonian Transport Administration or by a non-profit association to which this task has been delegated by an administrative contract (Road Transport Act §§ 14 and 47, wording in force from 1 October 2026, checked 5 October 2026). Our package prepares the application; the state fee, the notary fee and the licence fee are included in its price — you pay nothing extra.
