Since 2015, many non-residents of Estonia having Estonian companies have faced the fact that Estonian banks have started closing their bank accounts without explanation. At first, this applied to non-EU citizens, and then to all companies that were owned by non-Estonians and did not have customers from Estonia.
Estonia is an attractive country for doing business. Many businessmen and freelancers decide to register their company here for an easy, fast and fully electronic way of doing business. Who is suitable for doing business through an Estonian company, and who is better off thinking about another jurisdiction or registering a company in their own country?