Estonia’s digital banking is for everyone everywhere
Estonia has launched an e-residency programme to let anyone apply to join its new digital nation and register a global EU company that can be managed online from anywhere in the world.
This means e-residents don’t have to travel to Estonia in order to access business banking. An EU company with a fully digital EU IBAN business account can be established anywhere with an internet connection.
E-residency programme director Kaspar Korjus says Holvi will offer “borderless business banking specially tailored to our growing community of e-residents”.
Antti-Jussi Suominen, Holvi CEO, adds that it has “followed the e-residency initiative since the beginning and see this partnership as an excellent match to help entrepreneurs”.
E-residents can open a firm within a day and run the company remotely; apply for a business banking account and credit card; conduct e-banking; use international payment service providers; declare taxes; and sign documents digitally.
E-residency does not provide citizenship, tax residency, physical residency or the right to travel to Estonia or the EU.
More than 20,000 people from 138 countries have now applied for e-residency and together they manage more than 3,000 companies.