No, you're not required to have a personal bank account with any of our partner banks. You can make the share capital payment from, and pay dividends to, your personal bank account in another bank/country.
If you wish, you can apply for a personal bank account in Estonia. In some cases, your personal bank account will be activated after some time, to make sure that your business in Estonia is operating as promised by you. You can activate a personal account with LHV remotely once you've had the initial face-to-face meeting in Estonia.
In the case of applying for and using a personal bank account, the relevant requirements, terms and conditions and price list are likely to be different. Especially for residents from outside of the European Union.
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
Do I also need to have a personal bank account in Estonia?
Last updated: October 05, 2024
Did this answer your question?