Re:Estonia, the Digital Republic
by icey on Monday December 11, 2017 @03:24PM
(#15900103)
I'm getting ready to do this but haven't figured out a way to open a bank account there without visiting the country. How did you do that? I saw there's a service that will do it for you but it seems like an expensive monthly fee.
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Re:Estonia, the Digital Republic
by logronoide on Monday December 11, 2017 @03:45PM
(#15900272)
I opened my company with Leapin. Easy and fast.
If you don’t need a bank account and you can live with PayPal you don’t need to go there. I needed a bank account and credit card so I traveled to Tallinn and opened a bank account at LHV. You have to sign the documents at the bank office.
I think LHV Bank is working on a remote process with an interview using Skype, but it was not available several months ago.
Still, I have faced several issues setting up my small SaaS service: Stripe is not available and my Braintree application was rejected because they did not understand why I wanted to create a company in Estonia! It took me two weeks to explain that I was a nice guy and then everything went fine. I also had issues creating a merchant account in Coinbase, so I had to use Bitpay.
I'm in the process of opening remotely a company with Leapin. My first intention was to use Holvi for banking but I realized you need to pay 30€/month if you are a e-resident so I probably will switch to Transferwise Borderless.
Re:Estonia, the Digital Republic
by jaggederest on Monday December 11, 2017 @09:15PM
(#15902539)
To be honest, you should visit the country either way. Estonia is a pretty wonderful place, at least it was when I visited.