Opening a bank account in Estonia

How does one open an account with an Estonian bank?

Estonia – a small country that has been part of the European Union since 2004. State currency – Euro. Recently, the country has been visited by many tourists. At the same time, several times more businessmen open their companies and accounts in the country. This is due to a number of benefits that people receive. But doing it yourself is not as easy as it might seem at first glance. Reliable assistants in this matter will be specialists from Crystal Tax. They will help you open an Estonian bank account for a non-resident in the shortest possible time.

Opening an account in an Estonian bank: why should you do it?

Estonia – the world's first digital state, whose residents can interact with the authorities remotely. The country is open to new investments, attracting capital from international investors.

As soon as you are interested in opening an account in Estonia, you should definitely study all the features of this process. Experts also recommend weighing all the pros. and against.

The main advantages of getting an account in Estonia:

• financial system stability;
• ease of opening an account;
• low service rate
• the ability to open an account in different currencies;
• remote access to the registration system.

There are many more advantages. Everyone can find their own benefits. Get the most out of it.

How can a foreigner open an account in an Estonian bank?

To open an account with an Estonian bank, you need to carefully study this issue, acquire specialists with experience to competently perform the tasks. Everything must be done step by step:

• filling out the questionnaire;
• collection of documents;
• paper feed;
• bank consideration of the application, documentation;
• conclusion of a contract;
• getting a bank card;
• opening an account.

As a rule, the bank reviews the documents within 10 days. During this time, he must provide the client with his solution.

Documentary support for opening an Estonian bank account for a non-resident

To open an account in Estonia for a non-resident, you need to prepare several papers:

1. To prove their ties to the country. This may be the educational process, work, ownership of real estate, the presence of close relatives who are citizens of the country. Marriage certificate or real estate documents are perfect as evidence.
2. Identity card. This can be an international passport, an ID card, an Estonian residence permit.

At the moment, only citizens of the country can open an account in Estonia without visiting a financial institution directly. A video link or an online system is suitable for this.

As for a person who has the status of an e-resident, his presence is required at the branch. But at the same time, not all of them can get approval from the bank.

Individuals must be provided to a banking institution:

• passport;
• driver's license;
• salary document;
• causal relationship with Estonia.

If we are talking about a legal entity, it is worth preparing a company registration agreement, articles of association, passport, international passport of the beneficiaries.

If necessary, the list of required papers will be supplemented with other items. Consult experts for details.

How to open an account in an Estonian bank: choose a financial institution?

If you don't know how to open a bank account in Estonia, but want to do it, trust Crystal Tax specialists. First-class workers with experience of the company work here. They will help you get answers to the questions that interest you, help you go through the procedure quickly and without any problems.

In addition, experts will help you choose the best financial institution so that your money is in safe hands. Reliable banks are:

• Danske Bank (Estonia) A/S;
• Swedbank (Estonia) AS;
• AS SEB Pank;
• Versobank AS;
• Tallinn Business Bank.

Leave a request on the site to use the services of Crystal Tax specialists. The manager will contact you to discuss the details of cooperation.

How much does it cost for a Ukrainian to open an account with an Estonian bank?

If you are planning to open an account with an Estonian bank, you should be prepared for the fact that you will need some funds to pay the standard fees. As for the cost of the services of specialists who will accompany you throughout the entire period of the transaction, the price is determined based on the level of complexity of the task.

Contact Crystal Tax specialists to find out the exact amount for the services provided.