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

[sujoe]

You might want to check out N26, N26 Business supports Estonian companies

 

[JohnLocke]

What's wrong with Wise, don't they accept Estonian companies?

 

[spacely]

There are‌ dozens of them, all depends on your business activity. If it is more or less‍ clear you can try Wise or Revolut. Anyways, EMIs greatly welcome Estonian companies if you⁠ are able to provide what they need

 

[sujoe]

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

 

[fshore]

Not according to their website. N26 business only accepts sole traders, not limited‌ companies.

 

[sujoe]

You are right, my bad, somehow I mixed it up with‍ some other service.

 

[Sols]

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.

 

[Marzio]

Is this valid for all EMI's?

 

[Sols]

It's in the EU‌ directive on which all EU/EEA EMI laws are written.

 

[jjrapy]

wouldn’t you receive the⁣ 100k and lost 1 euro in the first case? ns2

 

[Sols]

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.

 

[MakingP]

@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?

 

[jayjay]

@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]

how comes Wise can do that and N26 not?

 

[Sols]

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.

 

[spacely]

you are⁠ welcome! It is absolutely ok

 

[MakingP]

spacely said:
you are welcome! It is absolutely ok
Click to expand...

Awesome - not even sure how I can dm you, can't see the option. Maybe its because I'm a new member here?

 

[jayjay]

Awesome - not‌ even sure how I can dm you, can’t see the option. Maybe its because I’m‍ a new member here?

 

[JeremyCos]

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!

 

[vanishtech]

Hola,

¿Qué opinas sobre abrir OÚ Estonia, para ahorrar dinero, sin sociedad︌ fiscal? Después puedo iniciar servicios a través de mi LLC en USA, para gastar con︍ tarjeta de crédito
Also, Can I buy properties in Spain in the name of the︎ Estonian company?
Hello,

What do you think about opening OÚ Estonia, to save︊ money, without a tax company? Then I can start services through my LLC in the︋ USA, to spend with a credit card
Also, Can I buy properties in Spain in︌ the name of the Estonian company?