This depends on whether you have e-Residency already or not. Receiving the e-Residency card takes 3-4 weeks in most cases. Once you have the card, registering the company takes about 24 hours.
If you are planning to open an account with Wise, it will take 1-5 business days for them to process your application and open an account for you. Once they've opened the account, you can start with your business transactions immediately.
Additional option is applying for an LHV bank account for your business. If the LHV account is needed, we'll prepare the necessary documents and receiving the bank's pre-approval usually takes 10-14 days. Once the bank has made a positive decision, you can book a trip to Tallinn to verify yourself in the bank's office.
Related articles
- Get Started
- About Xolo Leap
- The basics of Xolo Leap
- Fees
- Company setup
- e-Residency
- Banking
- Opening your account
- Using your account
- Xolo Business Account
- LHV
- Wise
- Other
- Salaries and Dividends
- Receiving funds when operating outside Estonia
- Receiving funds when operating in Estonia
- Dividends
- Expenses
- Claiming Expenses
- Reporting Expenses
- Other Expenses
- Xolo App
- Xolo App
- My Company
- Company Ownership & Governance
- Management Board
- Company Finances
- Company Details
- Share Capital
- Closing/Hibernating Company
- Other
- Invoicing
- Invoicing
- Hiring, Compliance & Reporting
- Hiring
- Compliance
- Annual reports
- Physical goods
- Get started
- Taxes
- Payment Gateways & Marketplaces
- General information
- PayPal
- Stripe
- ID-cards & Software
- About ID-cards & Software
- Software
- Logging in
- Signing Documents
- Forgot PIN/Lost ID-card
- Investments & Cryptocurrencies
- Investments
- Cryptocurrencies
- Travelling
- Business trip rules when operating outside Estonia
- Business trip rules when operating in Estonia
- Referrals
- Referrals
- Taxes
- Taxes
- VAT
- Other
- Self Service
- Other
How long does it take to open up my company and start the business?
Last updated: December 19, 2024
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