5. Apply For a Business Banking Account For Your Company

You currently have three options:

  1. Apply for a traditional Estonian bank account. This will require a physical visit to Estonia, and we strongly recommend using a business service provider to help you through the process. Banks have established their own criteria for evaluating clients they would like to work with. E-residents have had best experiences with LHV and Swedbank thus far. A list of the banks and their contact information is available here https://e-resident.gov.ee/run-a-company/
  2. Apply for a business account provided by a Fintech company. One of such companies with who e-Residnecy is already partnered with is Holvi, a Finnish Fintech company working with Estonian service providers to offer their services tailored to e-residents. A Fintech account is an alternative to a traditional bank account that offers a business account with an access to online payment service providers. Information about Holvi for e-Residents is available here: https://about.holvi.com/e-residents/
  3. Apply for a foreign business bank account for your Estonian company.

You can also set up a foreign business account for your company; it does not necessarily have to be an Estonian bank account.

Congratulations!

You are now ready to start operating.

Can’t find your answer?

We’re here to help. Get in touch and we’ll get back to you as soon as we can. e-resident@gov.ee