Estonia Oü or UK Ltd/LLC? which is the easiest to manage?

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Sols

Staff member
Mentor Group Gold
Although wise is a good option, but advantage of N26 Business over Wise is N26 is insured up to 100K Euro, the standard for german banks
Why is 100,000 EUR deposit insurance better than 100% capital reserves in a ring-fenced account that creditors can't touch? As an EMI, Wise is required to keep every cent safe in case they fail.

If you have 100,001 EUR in N26 and they go bust, you get 1 EUR (worst case). If you have 100,001 EUR in Wise and they go bust, you get 100,001 EUR.
 
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jjrapy

Active Member
Why is 100,000 EUR deposit insurance better than 100% capital reserves in a ring-fenced account that creditors can't touch? As an EMI, Wise is required to keep every cent safe in case they fail.

If you have 100,001 EUR in N26 and they go bust, you get 1 EUR (worst case). If you have 100,001 EUR in Wise and they go bust, you get 100,001 EUR.
wouldn’t you receive the 100k and lost 1 euro in the first case? ns2
 

Sols

Staff member
Mentor Group Gold
wouldn’t you receive the 100k and lost 1 euro in the first case? ns2
Yes, of course. Sorry, brain-fart! doh948""

Better and accurate examples:
If you have 200,000 EUR in N26 and they go bust, you get 100,000 EUR.
If you have 200,000 EUR in Wise and they go bust, you get 200,000 EUR.
 

jayjay

New member
@spacely Hey Thanks for all the great info on Estonia - you confirmed some things I wasn’t fully sure of and made me think of others too. Would really like to ask you some questions if that’s ok?
 

uplana

Corporate Services
Mentor Group Gold
Yes, of course. Sorry, brain-fart! doh948""

Better and accurate examples:
If you have 200,000 EUR in N26 and they go bust, you get 100,000 EUR.
If you have 200,000 EUR in Wise and they go bust, you get 200,000 EUR.
how comes Wise can do that and N26 not?
 

Sols

Staff member
Mentor Group Gold
how comes Wise can do that and N26 not?
Wise is an e-money institution and is required to keep 100% reserves of your deposits.

N26 is a bank and is not required to keep 100% reserves. Banks are required to keep certain performance indicators under control to manage their risk, but they can still fail and when they do, your deposits are not protected beyond whatever the deposit guarantee is in. In the case of N26, it's the German deposit guarantee which is 100,000 EUR per person per bank.
 

JeremyCos

New member
you can re-invest your profit into assets by buying a car or real estate
transferring the funds into the tax-friendly jurisdiction also could be a solution
Hi,

Can we reinvest the profits for real estate outside of Estonia ? For example, if I want to reinvest the profit in real estate I buy in Germany ?

Or is it more recommanded to transfer the funds first to a new company setup in this real-estate located country ?

Thanks!
 
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