Pin and benchmark
Pin one jurisdiction. Line up to five rivals against it. Deltas show where each peer is better or worse.
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| Dimension |
Pinned 🇪🇪 Estonia partly open Verified 2026-08-15
|
🇮🇪 Ireland
partly open
Verified 2026-08-15
|
|---|---|---|
| Licence type | Operating licence (tegevusluba) for e-money institutions under the Payment Institutions and E-money Institutions Act (Makse- ja e-raha asutuste seadus, MERAS), Estonia's EMD2 transposition | E-Money Institution or Small E-Money Institution under the European Communities (Electronic Money) Regulations 2011. |
| Regulator | Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority, FSA) | Central Bank of Ireland (CBI). |
| Capital requirement | Estonia capital requirement is included in the £349 pass. | Ireland capital requirement is included in the £349 pass. |
| Timeline to authorisation | Estonia timeline to authorisation is included in the £349 pass. | Ireland timeline to authorisation is included in the £349 pass. |
| Local substance | Estonia local substance is included in the £349 pass. | Ireland local substance is included in the £349 pass. |
| Application cost | Estonia application cost is included in the £349 pass. | Ireland application cost is included in the £349 pass. |
| Ongoing cost | Estonia ongoing cost is included in the £349 pass. | Ireland ongoing cost is included in the £349 pass. |
| Passporting | Estonia passporting is included in the £349 pass. | Ireland passporting is included in the £349 pass. |
| EMIs authorised | Estonia emis authorised is included in the £349 pass. | Ireland emis authorised is included in the £349 pass. |
| Key restrictions | Estonia key restrictions is included in the £349 pass. | Ireland key restrictions is included in the £349 pass. |
| Safeguarding | Estonia safeguarding is included in the £349 pass. | Ireland safeguarding is included in the £349 pass. |
| Recent changes | PSD3 and the PSR merge payment-institution and EMI authorisation into one payment-institution category able to issue e-money. The final compromise texts remain awaiting formal adoption and Official Journal publication as of 15 August 2026, with an indicative European Parliament plenary on 14 December 2026. After entry into force, Member States have 21 months to transpose and apply PSD3, and the PSR generally applies after 21 months. Existing EMIs may continue for 27 months, with an exceptional further three-month extension. | PSD3 and the PSR merge payment-institution and EMI authorisation into one payment-institution category able to issue e-money. The final compromise texts remain awaiting formal adoption and Official Journal publication as of 15 August 2026, with an indicative European Parliament plenary on 14 December 2026. After entry into force, Member States have 21 months to transpose and apply PSD3, and the PSR generally applies after 21 months. Existing EMIs may continue for 27 months, with an exceptional further three-month extension. |
| Difficulty rating | Estonia difficulty rating is included in the £349 pass. | Ireland difficulty rating is included in the £349 pass. |
Informational only, not legal advice. A delta compares the sortable figure only (capital, timeline, cost, difficulty, passporting, approvals); it is not a judgement on overall suitability. Verify with qualified counsel before acting.
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