How long does it take to open up my company and start the business?

Last updated: April 13, 2018

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.

Once you've set up your company, we recommend applying for an LHV bank account for your business. 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.

If you cannot travel to Estonia yet and are planning to open an account with TransferWise, 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.

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