Opening a bank account in Estonia

Estonia is an attractive country for permanent residence and business relocation. However, in order to live and work in this country, you will need to open a bank account. Individuals need it to obtain residence permits or citizenship, to buy real estate or other property, etc. Legal entities should open a bank account in Estonia in order to make payments and receive funds from Eurozone counterparties without hindrance. Lawtter Solutions offers its clients to register a bank account quickly and profitably.

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Opening an account

Lawtter Solutions offers legal solutions in business registration, bank account opening

Permanent residency

Lawtter Solutions offers legal solutions in business registration, bank account opening

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Lawtter Solutions offers legal solutions in business registration, bank account opening

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1 000 EUR*

The cost of the service

1-3 months

Term for opening a bank account

Multilingual

Support

With personal visit

Account opening type

Opening an account

Basic information

Estonia’s financial regulator is the Central Bank (Eesti Pank). It has issued banking licenses to more than 10 banks, including local institutions and branches of foreign banks.

Estonia is a very attractive country in terms of opening bank accounts. The procedure here is quite simple. Can a US citizen open a bank account in Estonia? Yes, it is possible to open a bank account in Estonia for non-residents. You can submit documents online. There is a possibility of being interviewed from abroad. In Estonia, it is allowed to verify clients by video call.

Estonia offers a wide range of opportunities for clients. Individuals can open current, settlement, and savings accounts. Foreigners can also get a bank card and make a deposit. Legal entities can use a number of services, such as letters of credit, multi-currency accounts, leasing of property, factoring services, etc. Estonia allows the opening of offshore accounts for companies operating abroad.

Advantages of opening a bank account in Estonia

Many individuals and legal entities wish to open an account in Estonia because it allows them to get important advantages. The main ones are as follows:

Political stability

Estonia is one of the most stable countries in Europe. It has a stable political environment, economic situation, and banking system.

Wide range of services

Non-residents in Estonia have the opportunity to receive a large number of banking services that are not available to foreign citizens and companies in other Eurozone countries.

Multi-currency accounts are available

Clients in Estonia can open a bank account in euros or US dollars or use a number of other currencies.

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Documents

How to open a bank account in Estonia

Opening an account in Estonia will require a package of documents.

To register an account for individuals, the following documents must be submitted:

ID;
Proof of residential address;
Taxpayer Identification Number;
Confirmation of origin of funds;
Resume (CV).

As for legal entities, the following documents will be required to open a bank account in Estonia:

Constituent documents of the company.
Director’s and shareholders’ IDs.
Confirmation of residential address of director and shareholders.
ID card, proof of address, and a power of attorney issued by the director if the documents are submitted by the account manager.
Confirmation of origin of funds.
Contracts with partners.

This list of documents is indicative. Estonian banks may require additional documentation.

Services by Lawtter Solutions

Lawtter Solutions offers services for opening an account in an Estonian bank. We will open an account with any of the country’s financial institutions, such as: