Opening bank or payment account

Description.

Opening bank or payment account is not a simple deal anymore. Especially if a company has non-residents in its management bodies or among shareholders. We provide actual assistance in opening bank (payment) account and passing compliance procedures. There are plenty of options – and we help you to choose one, which fits your business model the best.

Our work.

• •  Analyzing your situation and proposing options; 
  •  Preparation of documents;
  •  Communication with bank representative;
  •  General legal consulting about your case.

Result.

1. 1. 1.  Bank or payment account in the EEA. 
      2.  Internet-bank. 
      3.  Access to SEPA payments.
      4.  Standard limits according to bank rules.

The difference between bank and payment account is that they are opened in a bank or fin-tech company respectively. Both accounts have basically the same features: IBAN, SWIFT, internet-bank, SEPA. Advantages of bank account: reputation, prestige. Advantages of payment account in fin-tech company: cheaper and faster opening of an account, remote identification, reasonable compliance rules, developed client support.

Order of actions.

1. 1. 1.  Just write to us about your situation briefly.
      2.  We analyze your data and propose solutions.
      3.  Confirmation of the project and we start to work.
      4.  Preparation of documents and answering bank requests.
      5.  When the account is open, you receive access and necessary documents.

The term: depends on bank or fin-tech company and the time needed to prepare documents. Normally it takes up to 2 month for bank acount and about 1-2 weeks for payment account.

Additional Services.

• • Annual Service;
  • Company monthly accounting;
  • In-house lawyer service;
  • Submitting tax reports: TSD and KMD;
  • Company legal documents;
  • Legal, tax and business consulting;
  • Obtaining a license in Estonia.