[Gpetrium]

Creating a bank account as a foreigner has become increasingly difficult since a subsidiary of Danske [1], a prior Fortune Global 500, was caught in a major money laundering case which has brought the scrutiny of EU and US regulators into their banking sector.

For those interested in opening an e-business in Estonia, please be mindful that due to the 'Tech Company' way in which the government looks to operate, that there is an increasing rate of change in regulations which can impact your business decisions, although major generic areas such as Corporate and Personal tax rate has trended downwards (around 25% in 2004 and 20% now).

[1] https://en.wikipedia.org/wiki/Danske_Bank#Danske_Bank_(Finla...