Company industry: IT company

Company jurisdiction: Estonia

Shareholders: 2 Individuals from Estonia.

Banking needs:To receive payment from EU PSPs –  SWIFT/ SEPA EURO

 

We can assist you too to open bank accounts – contact us

 

Banking difficulties in Estonia

  • They needed an EU bank in order to open a merchant account in the EU and receive payments.
  • Most of the EU PSPs require an EU company and EU corporate account in order to open a merchant account with them.

They came to us asking for an assistance to open business bank account in Europe with  dedicated  EUR SEPA IBAN.

 

Our Solution:

  1. We work with numerous Financial Institutions licensed in the EU.
  2. We assisted them to open account in Europe for their Estonian company.
  3. This way, the company has an account in Europe where all incoming funds from the EU PSPs can be accumulated.

What were the steps:

  1. Identify their needs and current difficulties.
  2. Collect company shareholder’s information from open sources – company registry
  3. Filling in the information in the financial institutions applications/ Corporate Questionnaire.
  4. Identify the relevant EMIs and comparing their offered fees for the specific business sector.
  5. Financial institution approved the application and open the company an account with the required services.

Case study Summery:

It took  2 weeks to open the account from the moment of the submission of the application to the chosen by the client EMI.

Recommended for you

Financial Auditing and Accounting Services to the Newly Established Online Gaming Casino in Curacao in 2024
05.02.24
Accounting and Audit Solutions to Curacao's Gaming Licence Holders: Online Casinos and Gaming Companies. At GBO, our area of expertise is offering thorough financial auditing services designed especially for online casinos in Curacao. Comprehending the distinct obstacles and legal mandates specific to the gaming sector,...
Moheli Gaming License - Cost, Process, Requirements
04.02.24
GBO is a top choice for entrepreneurs who want to get Wmali online gaming licenses, especially in Moheli, Comoros. We will prepare the whole in getting a gambling license in Moheli and we’re here to guide you every step of the way. We make it...
Easily Accepting Bitcoin Payments: Solutions for Businesses
01.02.24
GBO, with its decade-long expertise in the crypto world, offers tailored cryptocurrency payment solutions for online companies across various sectors such as casinos, forex, and e-commerce. This introduction highlights the importance of embracing digital advancements, particularly Bitcoin payments, to stay competitive in today's market. Our...