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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 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.


I'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.


You can get a TransferWise bank account. Real bank account is impossible for eresidents


Do EU citizens have something to gain from an Estonian e-residence at all?


You 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


I 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.)


> 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.


What's a physical bank? And what is a fintech bank?




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