[juskrey]

Just having a legal address for your legal entity now costs EUR 300-500 a year for e-Resident, depending on whom you ask. They have added ridiculous "official local contact person" requirement this year, and consulting firms have immediately jumped on the bandwagon with additional 100-300 EUR row in the price list.

My bank account I have opened by traveling to Estonia, in Swedbank, was closed "due to inactivity" after two years, despite I was paying 5 or 10 EUR a month for the account. Yes, my account was inactive, waiting for a chance to receive money when suitable, so what???

[edwin01]

I can also chime in that avoid Swedbank like plague. I tried them first but after submitting them with 6 months of personal bank statements and getting back an offer for CC with 300€ credit limit I went straigth to LHV which has been fantastic. Let's just say that CC limit wasn't 300€... I'm considering using LHV for other projects as well because they have APIs, everything works and they even work with cryptocurrency companies for what it's worth.

[0xcde4c3db]

> They have added ridiculous "official local contact person" requirement

Is this similar to US "registered agent" requirements [1], or is it somehow more involved/restricted?

[1] https://en.wikipedia.org/wiki/Registered_agent

[juskrey]

No, it's not even an agent. It's simply a contact god knows what for (for receiving documents they claim), like it can help in the case first person in question doesn't want to be contacted. Basically it duplicates legal address functionality, and even given that I was successfully contacted by email when Estonian tax or statistics board wanted me to correct reporting mistakes.