2. How quickly can I start to use the company and its bank account?
If you visit Tallinn it takes just few hours to transfer the company's ownership and board membership.
Opening/activating the bank account might take days or even weeks. Starting from December 2016 banks take KYC (Know Your Client) process very seriously and opening an account involves answering many questions about involved persons and probable business transactions.
According to our experience most clients get their accounts opened, however there is no longer a guarantee that the corporate bank account will be opened automatically like it was some time ago.