I remember that some years ago, you had to deposit 2500 euros in a traditional bank account of Estonia when you incorporated an Estonian company through the E-residency system. I wonder if it is still the case or if you can open remotely a Revolut, transferwise, N26 account (EMI) and transfer 2500 euros to this EMI corporate account. I thought that at one point you had to transfer money to the country "Estonia" itself.
In 2016, I created an Estonian Company and I travelled to Estonia to open a bank account. It was a mess. They all (Swedbank, SEB) wanted to know my business model. They were like they didn't want to open a bank account. (In Cyprus, the banks are much open-minded, respectful and friendly). I didn't succeed in opening a bank account because I travelled without my TIN. Anyway, as I said before, they wanted to know all details about my business. It is like you have special ingredients to make Coca-Cola and they want to know those ingredients. I strongly discourage you to try to open a corporate account at SEB, Swedbank, Lhv.
Conversely, I opened many online bank accounts at EMI's without seeing any pitfalls. (nevertheless i am curious about what I do with cryptocurrencies for instance).
Also, banks from north of Europe are much more conservative than banks in Germany, Cyprus, Spain, Bulgaria (yes they are all part of the same group).
In 2016, I created an Estonian Company and I travelled to Estonia to open a bank account. It was a mess. They all (Swedbank, SEB) wanted to know my business model. They were like they didn't want to open a bank account. (In Cyprus, the banks are much open-minded, respectful and friendly). I didn't succeed in opening a bank account because I travelled without my TIN. Anyway, as I said before, they wanted to know all details about my business. It is like you have special ingredients to make Coca-Cola and they want to know those ingredients. I strongly discourage you to try to open a corporate account at SEB, Swedbank, Lhv.
Conversely, I opened many online bank accounts at EMI's without seeing any pitfalls. (nevertheless i am curious about what I do with cryptocurrencies for instance).
Also, banks from north of Europe are much more conservative than banks in Germany, Cyprus, Spain, Bulgaria (yes they are all part of the same group).
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