Company Formation Estonia

CHECK COMPANY
NAME AVAILABILITY (Step 1)



Articles

Open a Bank Account in Estonia

Updated on Tuesday 02nd June 2015

Rate this article
4.5 5 1
based on 2 reviews


Open-a-Bank-Account-in-Estonia.jpg

Why open a bank account in Estonia?
 
The banking secrecy in Estonia is stricter than in other Baltic countries and the fees and minimum balances are lower, which makes it an appealing choice for foreign investors. Opening a bank account in Estonia is not a complicated procedure and any entrepreneur that wants to register his company in Estonia should also benefit from the facilities offered by a bank account.
 
Owning a bank account permits anyone to use internet banking services for multiple purposes like submitting online payments or transfers via Internet and verify the account balance. Together with the banking services, the user will also receive a debit or credit card that can be used as an alternative payment method to cash. Clients can open the Estonian bank account in Euro as well as in any other foreign currency accepted by the bank, as a multicurrency account.
 
What commissions you must pay for opening a bank account in Estonia?
 
In order to open a bank account in Estonia, the owners of a company must pay the following types of commissions: 
 
commission-fee for setting up the Estonian bank account
maintenance / administration fee - usually charged yearly or monthly; 
commission-fees for every money deposit or withdrawal 
commission-fee for closing the account.
 
What documents are required for opening a bank account in Estonia?
 
For opening a bank account after the registration of the company in Estonia, the list of requested documents might slightly differ from bank to bank. In general, you will need the following documents: 
 
copies of ID cards or passports of directors and shareholders, 
specimen signatures of directors, 
a copy of the Estonian company’s Articles of Association,
a copy of the company’s Certificate of incorporation - from the Estonian Trade Register, 
Certificate of good standing - from the Trade Register 
bank forms.
 
The bank will also ask for a reason of opening the bank account in Estonia. Also, unless the client brings in a significant capital, the banks will consider the fact that he has a connection with the Baltic region as an advantage.
 
For more information about opening a company in Estonia or opening a bank account please contact our company formation specilists in Estonia.
 
 

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.

Meet us in Tallinn

Call us now at +372 5057800  to set up an appointment with our consultants in Tallinn. As our client, you will benefit from the joint expertise of local advisors  for opening a company in Estonia.

We offer:

-cost-efficiency: competitive company formation prices;

-prompt response to your inquiry (24 hours)

-free and complete legal information featured on our site, at your disposal.

 

Online Incorporation

tax-calculator-estonia

Tax Calculator

tax-calculator-estonia

Testimonials

Mihai-Cuc.jpg

CompanyIncorporationEstonia.com has a reliable team of company formation experts that helped my clients with the entire company registration procedure in this country. I was very pleased with our collaboration.

Mihai Cuc, Partner of
Enescu & Cuc Law Firm
www.RomanianLawOffice.com

Read more testimonials

We Recommend ClientPedia

This website is marketed by ClientPedia

Banner-Promoting ClientPedia-244px.jpg

We accept online payments

paypal-logo.png