Is Estonian company via e-Residency worth it?

[John Andrews]

Isn't this forbidden by EU law? Shouldn't you be able to have your biz bank‌ account in any EU country? I get it that they want to forbid EMIs but‍ this is just plain stupid.

 

[JohnLocke]

I wonder what any real bank in the EU will say about such a setup?‌ Has anyone at all been able to open a bank account?

 

[John Andrews]

The main selling point of an estonian company is⁢ indefinite tax deferral. But yeah I hope they'll stick to the current laws.

 

[karim8899]

I remember I've read somewhere on‍ their website that that wasn't necessary. Someone was able to open an account remotely.

 

[JimBeam]

You can use EMI but that's‍ not a real bank account.
Before, they said thta they'll allow Skype conference calls for⁠ bank account setup, but that was never introduced, so personal visit is required.

 

[ffbkdavid]

it's not‍ worth a cent to go through the procedure of getting e-residency... had to fly to⁠ london as estonia hasn't a wide range of embassies... o.k., could combine the trip with⁤ looking around for office space for our uk operations...

estonian companies without banking facilities is⁣ absolutely worthless... but ALL local banks contacted simply refused to even consider opening accounts for⁢ estonian companies WITHOUT LOCAL PRESENCE/ACTIVITIES WITHIN THE COUNTRY

wasted money and time... didn't update the︀ e-residency after one year... without any comment from the officials resonsible and intensively promoting the︁ system...

forget it!