Buying a company by Power of Attorney

Buying a company by a Power of Attorney costs an extra € 100 in addition to the regular price because it requires additional work and the text of the Power of Attorney must be translated from English into Estonian by a sworn translator.

In the case the notary does not authenticate the signature added to the text in English, the buyer must have a sworn translator translate the text into the local language and, after authentication by the notary, the entire Power of Attorney together with the notary’s authentication from the local language into English.

We will send the text of the Power of Attorney to the buyer by e-mail. The text of the Power of Attorney is signed by the buyer at a notary’s office of the respective country.

After that the document is apostilled 

Opening a bank account

Estonian banks charge approximately €200 for opening a bank account if the client does not have an Estonian ID card. If sufficient and reliable background information is provided to the bank, opening the account is usually possible. The process takes on average about 10 working days and requires two visits to the bank. If the bank decides not to open the account, the €200 fee already paid will not be refunded.

An easier option is to open a company bank account online, for example with the Lithuanian Paysera service: https://www.paysera.ee/v2/en-EE/index or the international Wise service: https://wise.com.

The bank card will be sent to the address you provide.