Oct 17, 2016

Corporate Account Opening With EU Secured Deposit Scheme In A Good European Bank With No Minimum Deposit.

The Offshore Pro Group offers you the ability to open a corporate account in Estonia with a bank that offers the following benefits:

  • No minimum deposit
  • Multi currency accounts
  • Well regulated European bank
  • EU Deposit Guarantee Scheme
  • Simplified Know Your Customer (KYC) procedure
  • Wide range of investment products
  • Internet banking

Contact us via email [email protected] for totally professional advice about opening a corporate account with this bank in Estonia. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.

Estonia As A Jurisdiction For Your Corporate Account

Estonia, which is officially known as the Republic of Estonia, is a Baltic country situated in Northern Europe. Bordered by the Gulf of Finland to the North and Latvia to the South, Estonia has a population of approximately 1.3 million people. The country is divided into 15 counties and it is a democratic parliamentary republic.

The country is a developed nation and it has been categorised as having a high income economy by the World Bank. It has been a member of the European Union (EU) since 2004 and it has one of the fastest growing economies in the (EU). The country is also a United Nations member, a member of the Organisation for Economic Cooperation and Development (OECD) and NATO and other international committees.

The Law on the Bank of Estonia (Eesti Pank Act) governs the banking system in Estonia and this law has strict regulations that the Bank of Estonia (Eesti Pank) enforces. Monetary policy that is determined by the European Central Bank is enforced and regulated by the Bank of Estonia. The economic stability of Estonia is the responsibility of the Bank of Estonia.

The monitoring of banks, insurance companies, investment companies and other financial institutions is the responsibility of the agency called the Estonian Financial Supervision Authority. The agency has two aims which are to build on the reputation of Estonia as an international banking authority and to protect all investors. The agency ensures that there are no fraudulent activities being conducted by banks and that they will fulfil their duties to clients under the terms of the 2001 Financial Supervision Authority Act.

The economy of Estonia is growing and it has political and social stability. The stringent regulations make sure that banks in Estonia provide the highest quality banking services to their clients and that they will remain financially stable. These attributes make Estonia a sound choice of jurisdiction for the protection, diversification and growth of your capital.

As a member of the European Union, Estonia is able to offer the Deposit Guarantee Scheme. The scheme aims to provide coverage for deposits made in Estonian banks to protect investors. There is little chance that an Estonian bank would not be able to meet its payment obligations to its clients and go into default, but if this did occur then the scheme will cover bank deposits made by clients up to 100,000 Euros (EUR). For more details about the Deposit Guarantee Scheme please contact your Offshore Pro Group international banking consultant.

This Estonian Private Bank For Your Corporate Account

Founded in 1999, this is a well regulated European bank. Over the years the bank has built a team of very experienced and motivated banking professionals and has developed a very satisfied customer base. An agro industrial company from the Ukraine is now the major shareholder in the bank.

The main objective of the bank is to build itself into a reliable and modern European bank that can provide a range of financial services, and use a professional and individual approach to provide clients from across the globe with efficient and high quality banking services. They have a mission to focus in on your financial aims by offering a well thought out and highly personalized service that provides the financial solutions that you require to achieve your business and financial goals. All of this is underpinned by the use of state of the art technology and the professionally qualified staff at the bank.

The bank has worked hard to develop correspondent relationships and it has several correspondent accounts It is possible to make international transactions through these accounts in most of the major currencies of the world and these include the Euro (EUR), US Dollar (USD), British Pounds Sterling (GBP),  Russian Roubles (RUB), Swiss Francs (CHF) and other major world currencies.

The Offshore Pro Group provides you with the opportunity to open a corporate account in Estonia with this bank and you will also receive professional financial advice from the bank for the protection, diversification and growth of your assets.

Important Notes:

  • This bank is unable to open corporate accounts for citizens of the United States of America.
  • This bank does not accept offshore companies for corporate accounts

Services By This Bank In Estonia For Your Business And Asset Protection And Growth

This bank in Estonia will allow you to open a non resident corporate account, but before your account can be opened you will need to meet with representatives of the bank in Estonia first or one of its regional offices in Vienna, Baku, Kiev, Moscow or St Petersburg. The bank managers travel extensively and you may be able to arrange a meeting with them in Odessa, Prague, Vilnius, Dublin or London and other major cities. Once your corporate account is opened with this Estonian bank you will have access to a comprehensive range of investment and banking services.

TA range of investment products that are developed by pioneering world businesses are on offer from this bank. These include investment fund units, equity management, stocks and bonds, index linked stocks and deposits, structured products with a capital guarantee and financial analysis instruments.

Analytic competence, rationality, an assessment of the position and ratio of every instrument that is contained in your portfolio and foresight will be expertly applied by fully trained and experienced investment professionals at the bank. You will be advised on the right selection of financial instruments and the sectors they relate to by the bank personnel and advice will also be given on risk perception, imposed restrictions, strategic and tactical spreads, and the ability to meet your long term financial aspirations.

You can take advantage of the fixed term deposits that are offered by this bank and this is a risk free way to invest your capital and make good interest on your funds. The deposit terms range from seven days to sixty months. The deposits can be in either US Dollars (USD) or Euros (EUR) the payment of interest can be made to your corporate account or if you prefer you can agree a different arrangement with the bank. All of the bank’s term deposits are covered by the Deposit Guarantee Scheme.

Your corporate account will be multi currency accounts. Your corporate account will have the Euro as its main currency but you will also be able to maintain other major world currencies in your account. The deposit and withdrawal of cash is possible as are international payments. All currencies will be exchanged on a fixed rate basis.

You will be able to make international payment transactions as a corporate account holder. Payments to other European countries will be handled by the SEPA (Single European Payments Area) payments system. You can choose how fast that you want your international payments to be made to different countries and the charges that the bank will apply will be dependent on the option that you choose.

Business loans are available from the bank as long as specific criteria are met beforehand. Collateral will be required for these loans and these can take various forms. It is also possible to negotiate and overdraft facility with the bank to cover short term operating capital requirements. Repayments of the overdraft will be made when positive cash flow is achieved by the business.

Visa branded debit and credit payment cards are available for corporate account holders. With the Visa debit card you can withdraw cash from any ATM with the Visa symbol and purchases goods and services where Visa cards are accepted. The credit cards are offered on three levels which are Classic, Gold and Platinum. Each of these cards has different credit and usage limits.

The bank offers a free and highly secure online banking service for the access and management of your corporate account remotely. All you need is an Internet connection and 24 hour a day account access is yours from anywhere in the world. You can view your account balance as well as see all of your recent transactions and obtained detailed statements of your account and more with the online banking service.

There is no minimum deposit required for a corporate bank account with this bank in Estonia, and also there is no minimum balance requirement to be kept. This is a major benefit as other private banks will require large deposits to open a corporate account.

The account and transaction commissions that the bank charges are always subject to change, it is important that you check the current commisions with your Offshore Pro Group international banking consultant. If you are interested in receiving the very best rates, you can state that you require beneficial international banking fees when you complete the international bank selection form.

To Open A Corporate Account With This Bank In Estonia Please Follow This Process Exactly

In order to be successful in opening a non resident corporate account with this Estonian bank it is important that you precisely follow this step by step process:

  1. Contact us via email [email protected] for totally professional advice about opening a corporate account with this bank in Estonia. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.

It is vital that you fully understand the risks of non resident banking in today’s climate and strongly consider opening a second foreign bank account.

  1. We will provide total professional assistance to you in opening a corporate account at this Estonian bank, and for this you will need to pay a fee of 2999 EUR. You can pay by credit card, bank transfer, Money Gram, Western Union, Web Money or even Bitcoin.
  1. You will be required to visit one of their registered offices (or agree a meeting elsewhere) and provide the following:
  • A fully completred agreement to open a personal account
  • Samples of your signature
  • Proof of identity through the use of a passport, driving license or ID card

You will need to meet with bank representatives either in Estonia or at one of their other offices across the world. You may be able to arrange a meeting with a bank manager in an international city that is convenient for you both. You will then need to wait for around 10 business days for your foreign corporate account to be opened at the bank in Estonia.

To begin the process of opening a corporate account at this Estonian bank, please contact us by email [email protected]