Financial Audit for Crypto Companies in Estonia
We provide mandatory auditing for the licensed Virtual Asset Service Providers (VASP) in Estonia. Our team ensures regulatory compliance, financial accuracy, and asset security, supporting businesses in the rapidly evolving blockchain sector.
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Our Services:
AML/CFT Consultancy & Compliance Health Checks and Reviews
Providing expert guidance on AML/CFT regulatory requirements, conducting comprehensive compliance health checks and reviews to identify risks and ensure regulatory adherence.
Maintain clear and transparent financial records.
Bookkeeping & Payroll
Cryptocurrency Accounting & Tax Strategy
Professional accounting and tax solutions tailored for cryptocurrency transactions, ensuring compliance with regulatory requirements and improving tax efficiency.
Assistance in preparing and auditing the Annual Own Funds Report in accordance with Estonia’s AML requirements.
Regulatory Own Funds Reporting for Estonian VASPs
Mandatory Annual Audit for Estonian VASPs
Comprehensive assistance with the mandatory audit of the Annual Report, ensuring full compliance with Estonia’s corporate and AML regulations.
Why Choose Us?
Licensed Estonian Auditor & Expert Team
A certified Estonian auditor leads the audits, with the support of skilled accountants and compliance professionals specializing in the cryptocurrency sector.
Our audits are carried out by a certified Estonian auditor, supported by a skilled team of accountants and compliance professionals with extensive experience in the cryptocurrency industry.
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We focus exclusively on cryptocurrency financial audits, ensuring your business stays aligned with Estonia's dynamic and evolving regulatory requirements.
Specialized in Crypto Financial Audits
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Tailored Crypto Compliance Solutions
We offer customized compliance services, including AML regulations, tax optimization strategies, and clear financial reporting designed specifically for crypto businesses.
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With in-depth knowledge of blockchain accounting, we help mitigate risks, improve financial transparency, and ensure full compliance with Estonian authorities.
Blockchain Accounting Expertise
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Audit Requirements for VASPs in Estonia
Own Funds Report: VASPs must prepare and submit an Own Funds Report together with the annual financial statements to demonstrate compliance with minimum capital requirements set by the Estonian Financial Intelligence Unit (FIU).
Mandatory Annual Audit: VASPs are required to undergo an independent financial audit by a certified Estonian auditor to ensure compliance with financial and AML regulations. The audited financial statements must be submitted within six months after the end of the financial year.
Failure to meet these deadlines may result in regulatory penalties or the revocation of a VASP license. Compliance with these obligations is essential for maintaining operations in Estonia’s regulated crypto market.
Estonian Virtual Asset Service Providers (VASPs) must comply with the Anti-Money Laundering and Terrorist Financing Prevention Act (AML Act), which imposes strict financial reporting obligations. These include:
Cryptocurrency Accounting & Financial Reporting
Cost Model: Cryptocurrencies held as inventory are initially measured at cost. Subsequent valuation follows the lower of cost or net realizable value (NRV). Fair value adjustments are not permitted under this model.
Cryptocurrency accounting in Estonia follows strict financial reporting standards to ensure transparency and compliance. Companies dealing with digital assets must consider the following treatment options under International Accounting Standards (IAS):
01/ Inventories (IAS 2)
02/ Inventories (IAS 2)
Commodity Broker-Trader Exception: Under this approach, inventories are initially recorded at cost but subsequently measured at fair value with changes recognized in profit or loss. This method applies only to broker-traders actively trading crypto, making it largely inapplicable to most businesses.
Fair Value Model: When classified as an intangible asset, cryptocurrency is initially measured at cost and subsequently revalued to fair value. Gains are recorded in Other Comprehensive Income (OCI), while losses are recognized in profit or loss.
03/ Intangible Asset (IAS 38)
Get Expert Crypto Audit & Compliance Support
Ensure your crypto company meets all regulatory requirements in Estonia. Our specialists provide in-depth financial audits, compliance guidance, and tax strategy support.
Valukoja 8/2, Tallinn 11415, Estonia