Opening a bank account for an Estonian company in the EU

Fully remote service (no need to physically visit the bank)

 

Requirements

1. General

Completed account opening form (will be filled in jointly with a KRM consultant)

2. Required company documents (translated, apostilled):

  • Registry card
  • Articles of association
  • Tax residency certificate

As a rule, KRM Advisor provides these documents

3. Required documents from ALL connected people (UBO's, shareholders, board members, procura holders etc) are:

  1. Passport copy (apostilled)
  2. Utility bill - no certification needed

Timeframe

After company registration to your name there are 2 stages:

1. Collecting info and documents to apply for an account opening

This takes usually one or few weeks

2. Applying for account opening in different banks

This also takes a week or more, depending on the specific situation

We have relations to more that 10 banks in the EU, which are ready to open accounts for Estonian companies. We evaluate which bank might be appropriate and apply for an account opening in different banks until we receive a positive answer. As a rule, if everything is fine, an account opening decision is positive. However, we can not give a full guarantee since the result depends on various details


 

The cost of an account opening is 2500 EUR, which includes:

  • Assistance with account opening 
  • Set of company documents translated + courier
  • Remote service 

This bank account opening option does not apply for high risk companies (cryptocurrency, foreign exchange etc).
To open an account for a cryptocurrency company, please send us an inquiry.