Open an account in Estonia

Estonia is one of the first post-Soviet countries to join the European Union. Therefore, since 2004, the development of the economic and financial spheres began in the state, while the standard of living of the population has increased significantly. According to World Bank estimates, Estonia ranks prominently in a number of high-income countries in terms of GDP. According to the indicators of the Organization for Economic Cooperation and Development (OECD), which classified the countries according to the possibility of risk, the Estonian state occupies a zero position. That is, the possibility of territorial risk here is reduced to zero, and insurance is carried out at the business level, without the participation of the state. It is logical that the economic recovery of Estonia largely depends on the development of the banking sector. Estonian banks have the following advantages: prospects, caution in choosing partners, reliability. Therefore, more and more often, clients who want to keep their deposits in foreign institutions turn to Estonian banks. CIS citizens, including clients from Ukraine, trust the Estonian banking system.

Advantages of Estonian banks

Since banks are located in an economically developed country, accounts can be managed remotely. Among modern management methods is Internet banking. There is also the issuance of payment cards, cards for credit and debit. The paperwork process is simple and hassle-free. The package of necessary documents, of course, requires translation into English, while copies are not required to be certified by a notary, and apostille is not required. You can open an account in the shortest possible time, and the cost of such a service is quite acceptable for foreign clients. The process of opening an account for an individual takes about ten days. For legal entities, this procedure will take a maximum of two weeks. You can open an account with the help of legal trustees and through bank branches. Among the staff there are Russian-speaking specialists who are able to provide competent and qualified advice in Russian. This will significantly increase the level of understanding between the client and the bank employee.

Guaranteed protection of personal information. Estonian banks ensure the confidentiality of deposits. According to the laws of the state, financial centers can store personal data of customers, but they do not have the right to provide information about personal accounts. Therefore, the tax authorities of Ukraine and employees of the NBU can receive information about your savings only from you. Estonian financial institutions cooperate with the banking structures of the Scandinavian Peninsula and the Baltic countries. Because of this, in the Estonian state, banks often offer their assistance in opening accounts and cash deposits in Lithuania, Latvia, Norway, Denmark, Sweden and Finland.

Citadele and Swedbank are reputable financial institutions in Estonia, where employees of Finance Business Service will be happy to help you open an account. Our specialists will provide useful and professional advice, advise on how best to open an account. The staff of our company will also handle the paperwork.