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lhv Archives - e-Residency Journey https://glops.ee/wps/erjourney/?tag=lhv Follow my journey Mon, 07 Mar 2022 11:16:14 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://i0.wp.com/glops.ee/wps/erjourney/wp-content/uploads/2021/02/cropped-g3.png?fit=32%2C32&ssl=1 lhv Archives - e-Residency Journey https://glops.ee/wps/erjourney/?tag=lhv 32 32 200606018 Visiting Estonia in COVID times (II) https://glops.ee/wps/erjourney/?p=279&utm_source=rss&utm_medium=rss&utm_campaign=visiting-estonia-in-covid-times-ii https://glops.ee/wps/erjourney/?p=279#respond Sun, 21 Mar 2021 19:05:11 +0000 https://spark71.com/erjourney/?p=279 In this post I will give you some tips about visiting Estonia but I will not explain my trip in detail. First of all, I want to say that I planed almost all my trips within Estonia using Google Maps, it’s very easy and reliable. Open the app in your smartphone, search for the destination […]

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In this post I will give you some tips about visiting Estonia but I will not explain my trip in detail.

First of all, I want to say that I planed almost all my trips within Estonia using Google Maps, it’s very easy and reliable. Open the app in your smartphone, search for the destination and follow the steps.

Then, before to travel to Estonia, visit the website about tourism in Tallinn

https://visittallinn.ee/

Check if Tallinn Card fits to your plans and time:

https://visittallinn.ee/eng/visitor/tallinn-card/tallinn-card/what-is-tallinn-card

Check out the public transport tickets as well:

https://visittallinn.ee/eng/visitor/plan/transport/public-transport

Once you are in Estonia, visit the Tallinn Tourist Information Center. There you can buy the Tallinn Card and get more detailed information, very useful in COVID times:

https://goo.gl/maps/wNVs3pvU1VkMcbM38

Recommended visits

By foot: Tallinn Old Town

By bus or long walk

By bus

Of course, don’t forget to visit the LHV branch to open your bank account.

LHV
https://www.lhv.ee/en

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Applying for a LHV bank account https://glops.ee/wps/erjourney/?p=207&utm_source=rss&utm_medium=rss&utm_campaign=applying-for-a-lhv-bank-account https://glops.ee/wps/erjourney/?p=207#comments Sat, 19 Dec 2020 16:52:38 +0000 https://spark71.com/erjourney/?p=207 If you have read my post about Estonian IBAN you know that for a lot of companies there few options for having this IBAN. In my opinion the best one is an LHV account. LHV is a traditional bank from Estonia. But before to apply, read this information about them in the e-Residency Marketplace: https://marketplace.e-resident.gov.ee/company/lhv […]

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If you have read my post about Estonian IBAN you know that for a lot of companies there few options for having this IBAN. In my opinion the best one is an LHV account. LHV is a traditional bank from Estonia. But before to apply, read this information about them in the e-Residency Marketplace:

https://marketplace.e-resident.gov.ee/company/lhv

At first I was very pessimistic because I though that I didn’t manage to open it but while I was collecting all the information that I needed I realized that it was possible.

To apply for this account you must visit its website:

https://www.lhv.ee/en

At the top right there is the link to open an account, click it. Then you have to identify yourself but if you are not Estonian you must send them some information about your company filling this form:

https://www.lhv.ee/assets/files/applications/Application_to_open_an_account_in_LHV_Pank_legal_person-EN.pdf

Read it CAREFULLY and collect all information about your company and yourself before to fill and to send it.

You must be able to show that your company is not a ‘chiringuito’

Chiringuito means beach bar in Spanish, but also means shady company. Because it is quite easy to dismantling a ‘chiriguinto’ and disappear.

These are my tips:

  • Write or update your CV and / or your Linkedin account.
  • Have a good business plan.
  • Show that you and your company are trustworthy.
  • Try to get as many connections to Estonia as possible, read my post about that.
  • Ask them all the details about when can you travel to Estonia to complete the process.
  • UPDATED: If you cannot travel to Estonia because of the coronavirus, ask them how to fix it, they may offer you a solution.
  • Visit this webpage about restriction on freedom of movement requirements for passengers.

I don’t know the process to open a bank account in other Estonian banks, but I suppose that it should be quite similar.

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Looking for an EE (Estonian) IBAN (December 2020) https://glops.ee/wps/erjourney/?p=198&utm_source=rss&utm_medium=rss&utm_campaign=looking-for-an-ee-estonian-iban https://glops.ee/wps/erjourney/?p=198#comments Tue, 08 Dec 2020 19:55:37 +0000 https://spark71.com/erjourney/?p=198 This is a nightmare for a lot of app developers. Google and Apple ask to developers for an IBAN of the same country of the company to pay them for the apps that they sell in Google Play or App Store. At first I found a workaround, I had a private Pocopay bank account – […]

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This is a nightmare for a lot of app developers. Google and Apple ask to developers for an IBAN of the same country of the company to pay them for the apps that they sell in Google Play or App Store.

At first I found a workaround, I had a private Pocopay bank account – Pocopay is an Estonian fintech. Google sent my money to my private account and then I sent it to my company account. As I was a shareholder this procedure was legal. But unfortunately Pocopay closed all the accounts of people outside Estonia this summer. They wanted to change their product and nowadays they are still changing. What a shame! I loved it!

So, I had to search for a new solution. Although I spent a lot of time searching on Internet, I didn’t find any other Estonian fintech that used Estonian IBANs.

Finally I realized that only traditional banks can give me an Estonian IBAN. I found this list of Estonian banks:

https://www.pangaliit.ee/welcome-to-estonian-banking-association/members

I visited their websites, searched for fees and sent an email to some of them. Although only one of them is in e-Residency Marketplace some of them accept e-Residents but no one will open you an account without a face to face meeting and the year 2020 is not the best one to travel.

Finally I chose LHV. I think that it is the most e-Resident friendly, you can apply before to travel to Estonia, then once you are accepted you have 6 months to travel there to open the bank account. Nowadays, maybe because the corona you have more time. At the same time you visit their branch to sign the documents you can pickup a debit card.

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