The Ultimate Guide to Estonian E-residency, Banking, and Taxes

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Hello Community,

I have some questions regarding Xolo, in case any one knows. Xolo don’t seem very responsive by email. Maybe they only respond to their established customers? Anyway, my questions:

  1. Their FAQ says they only accept business bank accounts with their banking partners (presumably just Wirecard, TransferWise, and LHV). How would that prevent a company from opening a business account with, for example, Revolut Business?

  2. Anyone know why the regular Leap service is limited to only one bank account? And what would prevent a company from opening another account itself anyway?

  3. Their FAQ states that a company owner can pay himself a salary when operating from outside Estonia. However it also states that an Estonian company can not employ anyone outside Estonia on a permanent basis. Do these rules not conflict at all?

Thank you in advance for any insight!