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I am a citizen and a resident of another EU country, and have established a company in Estonia recently. Obtaining e-residency was fast and straightforward. I p
by edko 11y ago
I am a citizen and a resident of another EU country, and have established a company in Estonia recently. Obtaining e-residency was fast and straightforward. I picked up the card in Tallinn, and opened the company the same day. You will need an address in Estonia, but there are companies that provide that service. I used LeapIn (https://www.leapin.eu https://www.leapin.eu) which also provide accounting services (disclosure: my only relationship to them is that I am their client). Their fees are very reasonable and they can help speed up the entire process.
I tried opening a bank account in two banks. One rejected me because (despite having the company) I did not have sufficient ties to Estonia. The other (Swedbank) was very friendly and opened the account the same day. Again, LeapIn smoothened the process for me. I picked up my banking card three days later and everything worked perfectly.
Obtaining a VAT number is more difficult, and I wouldn't have managed without LeapIn's help. You need to convince the tax authorities that there is a legitimate reason why you need it. You need to present evidence (I had a previous company in another EU country) and there are several rounds of dialogue (knowing Estonian, and the local rules is very handy).
Overall, I was amazed at how efficient the process is, and how much effort Estonia is putting into making it even better. This really looks like a major strategic initiative for the country, where they are putting a lot of thought and investment.
Tallinn really deserves a separate post. It is a very beautiful city, with lots of life and things to do, really good atmosphere, good food, and reasonable prices. Very well worth my one-week trip!