Creditor and credit servicer authorisation
Estonian creditor licence (KAVS) — application preparation and management
Preparation and management of an application for an Estonian creditor licence.
In short
Preparation and management of an application for an Estonian creditor licence. The price is from €26,000, 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 granting consumer credit.
Price
| Service | Price | Order |
|---|---|---|
| Estonian creditor licence (KAVS) — application preparation and management | from €26,000 | 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 an activity licence as a creditor under KAVS
- Management of the FSA's questions
- Business plan
- Internal rules and consumer protection documents
- 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
Fit and proper management and own funds are required. 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
Process
- You: Provide information, capital and people that meet the legal requirements; sign and answer the authority's questions.
- LexorCorp: Prepare the application and its documents and manage the procedure until the decision.
- Authority: Finantsinspektsioon decides.
How long it takes
Drafting 6–10 weeks; FSA term
Law and requirements
- Creditors and Credit Intermediaries Act
General information about our service, not legal advice.
Questions and answers
Estonian creditor licence: what does it cost?
From €26,000, excluding VAT. State fees and the fees of the supervisory authority are not included in the price; you pay them yourself.
Estonian creditor licence: who is it for?
Companies granting consumer credit.
Estonian creditor licence: how long does it take?
Drafting 6–10 weeks; FSA term
What is not included in the price?
State fees; IT systems.
Who makes the decision?
Finantsinspektsioon decides.
Related services and add-ons
- Lending documents and policies — from €1,800
- Supervisory reporting — from €2,400 / year
- Introduction to a debt collection partner — from €2,500
Part of
- Creditor and credit servicer authorisation — from €24,000
Order: Estonian creditor licence · from €26,000 See it in the price list