Company in Estonia
 

Bank account opening services


Advisory options

1. Intro by phone   |   2. Regular companies |   3. Card payments and e-commerce   |   4. Crypto (mining, ICO)   |   5. Crypto exchange |   6. Offshore7. Prices

 
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 Intro by phone


To consult any customer on their availability for a bank account in his or her preferred location. We consult on the simplest investment accounts for individual entities, offshore companies and licensed Estonian crypto exchange entities. We will describe the current Due Diligence process, any solutions available from our side and the alternative options to consider (if applicable).



 
 
 
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REGULAR COMPANIES

Banking advisory includes detailed commentary with regards to the client’s business sector and banking options within the European Region with Financial and Credit Institutions.
It does not include Cryptocurrency, Forex or E-commerce related industries.


Pros:

  • The client will have an understanding how to work with local (Estonian) banks or have a prompt explanation why it is not possible;

  • Options for cross-border and remote bank account opening in the chosen region such as European Economic Area (EEA), Balkan region, U.S. territory, Middle and Far East;

  • All the provided solutions include dedicated IBAN account with EUR currency (other currencies are upon individual request) and Corporate card (if applicable);

  • Various banking services are included upon the client’s request, such include Private Banking, Brokerage and Lending services;

Cons:

  • Advisory fee does not include bank account opening fees or relevant costs during the account opening process;

  • Irrelevant to High-risk associated businesses;



Disclaimer:

KRM Advisor do not guarantee that any bank will accept to open an account, furthermore, that a determined bank will accept to add an additional fee to their normal transfer fees. The produced advice is solely dependent on advisor’s opinion, expertise and historical experience in the banking industry in accordance to the details provided by the client.

 
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COMPANY ACCEPTING CARD PAYMENTS
(e-commerce)

Advisory service includes tailor-made banking options within the European and Offshore regions, and additional preliminary analysis conducted by the bank of choice.


Pros:

  • The client will have an understanding how to work with local (Estonian) banks or have a prompt explanation why it is not possible;

  • Options for cross-border and remote bank account opening in Europe and or an Offshore bank;

  • All the provided solutions to E-commerce clients include Current account with EUR/USD/GBP access.

  • Selected options include Merchant account with dedicated IBAN for multi-currency usage;

  • VISA, MASTERCARD, PAYPAL, etc. processing services also considerable;

  • Access to prestige banking groups such as Societe Generale, Erste Bank, Sberbank and more;

  • Various banking services are included upon the client’s request, such include Private Banking, Brokerage and Lending services;

Cons:

  • Advisory fee does not include bank account opening fees or relevant costs during the account opening process;

  • Irrelevant to Crypto-currency related clients;

  • Banking fees may be increased in comparison to those of standard business;

  • Due diligence process is more in-depth that will increase bank account opening time between 3-5 weeks;



Disclaimer:

KRM Advisor do not guarantee that any bank will accept to open an account, furthermore, that a determined bank will accept to add an additional fee to their normal transfer fees. The produced advice is solely dependent on advisor’s opinion, expertise and historical experience in the banking industry in accordance to the details provided by the client.

 
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COMPANY WITH CRYPTO ACTIVITY
(i.e. trading, mining or ICO)

Advisory service includes tailor-made banking options within the European Region and additional preliminary analysis conducted by the bank of choice.


Pros:

  • The client will have an understanding how to work with local (Estonian) banks or have a prompt explanation why it is not possible;

  • Options for cross-border and remote bank account opening in Europe and or an Offshore bank;

  • The provided solution can include a structure (combination) of Financial and Credit institution(s);

  • Provide VISA and MASTERCARD processing for ICO projects;

  • Access to prestige banking groups;

  • Various banking services are included upon the client’s request, such include Private Banking, Brokerage and Lending services;

Cons:

  • Advisory fee does not include bank account opening fees or relevant costs during the account opening process;

  • Irrelevant to Crypto-currency exchange related clients;

  • Banking fees are increased in comparison to those of standard business;

  • Due diligence process is more in-depth that will increase bank account opening time between 4-6 weeks;



Disclaimer:

KRM Advisor do not guarantee that any bank will accept to open an account, furthermore, that a determined bank will accept to add an additional fee to their normal transfer fees. The produced advice is solely dependent on advisor’s opinion, expertise and historical experience in the banking industry in accordance to the details provided by the client.

 
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BANK ACCOUNT OPENING FOR CRYPTO-EXCHANGE

Advisory service includes tailor-made banking options within the European Region, Asia and the Offshore countries with a detailed commentary for critical requirements to maintain the bank account and your business transactions in foreseeable future.


Pros:

  • For Estonian companies the client will have requirements on how to open bank account with local (Estonian) banks or have alternative cross-border options;

  • Designed banking structure with bank accounts in couple jurisdictions, incl. prestige Banking Groups;

  • Options include remote bank account opening;

  • Access to multi-currency transactions;

  • Dedicated € IBAN account to your customers (worldwide) with option to issue debit card to your EU customers;

  • API access and KYC integration are inclusive;

  • Access to Swiss bank (for EU residents only);

  • Access to a direct Liquidity Provider with a deep liquidity pool;

Cons:

  • Advisory fee does not include bank account opening fees or relevant costs during the account opening process;

  • Bank account opening and maintenance fees are significantly increased;

  • Operations in selected countries are restricted and are a subject of uncertainty due to risks that crypto-currency market attach in banking industry;

  • Time consuming process with minimum of 4 weeks for bank account opening.



Disclaimer:

KRM Advisor do not guarantee that any bank will accept to open an account, furthermore, that a determined bank will accept to add an additional fee to their normal transfer fees. The produced advice is solely dependent on advisor’s opinion, expertise and historical experience in the banking industry in accordance to the details provided by the client.

 
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OFFSHORE COMPANIES

Advisory service includes tailor-made banking options within the European Region and the Offshore countries.


Pros:

  • Bank accounts in couple jurisdictions, incl. prestige Banking Groups;

  • Options include remote bank account opening;

  • Access to multi-currency transactions;

  • Access to banking services - Trade Finance, Private Banking, E-commerce, Elite Payment cards and Asset Management;

Cons:

  • Advisory fee does not include bank account opening fees or relevant costs during the account opening process;



Disclaimer:

KRM Advisor do not guarantee that any bank will accept to open an account, furthermore, that a determined bank will accept to add an additional fee to their normal transfer fees. The produced advice is solely dependent on advisor’s opinion, expertise and historical experience in the banking industry in accordance to the details provided by the client.

 
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Advisory prices


Advisory over phone / Skype (40 minutes)

100 EUR


Regular company preliminary analyses

250 EUR


E-commerce account opening advisory

500 EUR


Crypto company (mining, ICO) account opening advisory

500 EUR


Crypto exchange account opening advisory

800 EUR


Offshore company account opening advisory

500 EUR