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No changes here. They are still heavily promoting this e-residency thing, but opening a bank account for your newly established Estonian company is still not p
by sintezcs 4y ago
No changes here. They are still heavily promoting this e-residency thing, but opening a bank account for your newly established Estonian company is still not possible remotely. You will need to travel to Estonia if you need a bank account in a “real” physical bank (not the fintech one). If you are not an EU citizen - you have even more problems. It’s a good chance to receive a refusal from both fintech and physical banks.
- kwhitefoot 4y agoWhat's a physical bank? And what is a fintech bank?
- saberdancer 4y agoI've heard that they no longer accept documents in English meaning you have to pay for translation of business documents/reports/etc. Is this accurate? The guy who talked about it was an angel investor and is not really impressed with Estonian e-residency anymore.
- sedeki 4y agoDo EU citizens have something to gain from an Estonian e-residence at all?
- siilats 4y agoYou can file Estonian vat reports which is a lot simpler than any other eu country. Completely doable without an accountant fully digital with costpocket.ee
- laurencerowe 4y agoI used to file VAT quarterly through the HMRC website when I had a small consulting business in the U.K. (back when that was still in the EU). It really wasn’t very complex. I did use an accountant for filing my company’s annual accounts and taxes, though when I was a sole trader I just used the HMRC tax website to file. Far simpler than any of the options I’ve tried in the US, even as a regular employee (which you usually don’t have to file anything for in the U.K.)
- siilats 4y agoYou can get a TransferWise bank account. Real bank account is impossible for eresidents
- deleted 4y ago[deleted]
- denton-scratch 4y ago> If you are not an EU citizen - you have even more problems. OK, so this doesn't seem to offer an end-run around Brexit for a UK national.