fbpx

Category Archives: General Knowledge

Most of the e-Residents is looking for solutions for collecting payments from their customers. They consider highstreet banking vs fintech Payment Service Providers. The goal of this article is showing you the way of the opening bank account at LHV Pank – biggest domestic financial institution, employing over 400 people in Tallinn and Tartu cities, holding 177,000 clients. If you are e-Resident card holder, please execute these steps as follows: 1) Fill the application form for the business client – https://www.lhv.ee/assets/files/applications/Application_to_open_an_account_in_LHV_Pank_natural_person-EN.pdf 2) Fill the online application form with using your e-Resident card. 3) Attach your ID document (EEA card or passport) and send to the address info@lhv.ee. Application need be signed electronically with e-ID software. Considering of application takes 7 business days. Then the bank will notify about the positive or negative decision. In the case of a positive decision of concluding the relationship, mandatory is visiting local LHV branch…

Read more

There are 2 possibilities of authentication of Estonian documents grounds of international law rules: Process of legalisation Apostille stamp The legalisation of a public document is performed on grounds on § 43 of the Consular Act and Regulation No 15 of the Minister of Foreign Affairs “Order of the legalisation of a public document and the application form”, (17.06.2019) A public document may be used in another country if it is certified by local authorities in Estonia. Legalisation or Apostille procedure should be applied. The list of countries, where Apostille is not needed: Belgium Denmark France Ireland Italy Latvia Lithuania Poland Russia Ukraine Moreover, Estonian Parliament has concluded a legal agreement with Lithuania, Latvia, Poland, Ukraine and Russia, which means that documents from the above countries are recognised without additional certification likes Apostille or legalisation. Which types of documents can be legalised? a paper, issued by a court or by…

Read more

“Selling company” is a common definition. You can not sell the company, because it is a legal person. So, you can transfer shares from your person to another person – i.e – to a natural or legal person. According to Estonian Commercial code, a transaction constituting an obligation to transfer a share of a limited liability company (OÜ) need be notarized. There are 2 ways for changing of transfer: Comming to local Estonian notary public with identity document Granting Power of Attorney to our employee, who will come to the notary public on behalf of you. The notary office is responsible for preparing paperwork ( Purchase Shares Agreement) and notifying Commercial Register (called “RIK) within 2 business days from date of certification of selling shares agreement. Note that the procedure of notarial certification is applicable in this process – not notarial authentication. The list of needed documents regarding procedure of…

Read more

state fee for crypto-license will grow from 345 EUR to 3300 EUR The Ministry of Finance in Estonia changes the rules for issuing crypto licenses. The application is being reviewed from 30 to 90 days and the price from 345 EUR to 3300 EUR for one license – comments Paweł Krok – CEO at Eesticonsulting.ee. “We have learned our lesson from the banking sector the hard way, and we must now deal with new international risks, with cryptocurrencies among the most urgent of these,” M. Helme from Ministry of Finance – Estonia The Ministry of Finance in Estonia changes the rules for issuing crypto licenses. The application is being reviewed from 30 to 90 days and the price from 345 EUR to 3300 EUR for one license – comments Paweł Krok – CEO at Eesticonsulting.ee. The Estonian government introduced changes to the granting of cryptocurrency licenses.  Minister of Finance –…

Read more

Share on facebook Facebook Share on google Google+ Share on twitter Twitter Share on linkedin LinkedIn E-Residency card text. What is e-Residency card? E-Residency card is such as personal identity card with a built-in microchip, that let you identify yourself and put digital signature anywhere, f.e signing electronic documents, file VAT returns or send a petition to Commercial Registrar. E-Residency card let you run the business wholly remotely wherever you are. Thanks for a digital identity card, you don’t need travel to Estonia and do paperwork. Note that e-Residency card has no impact for your citizenship, tax residency and work permit in Estonia or other EU/EEA country. This is not substituted from travel documents, because it does not contain a photo. Process of issuing of the document takes 1 -1,5 months and cost 100 EUR. Authority responsible for the process of issuing of e-ID is Estonian Police and Border Guard…

Read more

Have you ever though about applying for e-Residency card? Please read carrefully this posts and know advantages of Estonian e-ID card. Imagine 2 scenarios: Martin has not e-Residency card. He needs travel to notary public , to Tallin in order to incorporate estonian company. He needs visit the SWEDBANK branch and spend a lot of money for flights and accomodation. Martin Robert is e-Resident card holder. He cans incorporate the company wholly online remote from home and file statutory documents such as accounts, vat returns and others. Robert It is essential to apply for e-Residency card earlier due to waiting for approve by Police Border Guard. Statutory period for accepting your application is aprox. 30 business days. Step by step Fill the application form and include passport photo with correct format and consistent with specification Wait for decision of Police Border Guard from Estonia Receive e-mail confirmation about granting you…

Read more

16/16