Companies in Estonia can operate without a bank account in Estonia

December 7, 2018

Estonia’s Parliament an amendment to the country’s Commercial Code to remove the requirement that limited companies must use an Estonian bank account when registering share capital. From January 2019, they can instead use a ‘credit or payment institution in the European Economic Area’ for this.


This change means that all limited Estonian companies can conduct all their business activity using any business account for their company from across the Europe Economic Area for the first time.


In addition to providing business consultations on various issues and offering a virtual office service,  we can also help you register share capital and explore various banking or fintech options.


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