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Estonia is running its country like a tech company

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Re: Estonia is running its country like a tech company

#201

Earlier quoted context omitted.

Sure, I agree UK is a better option. Are you a UK resident though? I'm a EU resident and I have heard there is no way to open a business bank account in the UK without living there (i.e. without NI number + rent contract + utility bills). If anyone has any info on how to run a UK company with a local bank account (not with an Internet bank) without being a UK resident, I'm all ears.

I'm not a UK resident and running it with Transferwise borderless account, and have opened several accounts in other fintech banks as an experiment as well. As for Estonia, de facto e-residents have to open accounts in internet and non Estonian banks too.

Do you trust Transferwise borderless (or other fintech banks) with more than $50k?

Btw which service did you use to open the company and for accounting in the UK?

In Estonia I have an LHV account, without any problems.

Re: Estonia is running its country like a tech company

#202
post #124
post #87

Earlier quoted context omitted.

I've heard a borderless account with TransferWise can be a quick, painless route

I'd advise to read reviews about TransferWise. They seem to have a very shitty service and non-functional website.

Perhaps but the banking bit works (it's German Handelsbank underneath)

Re: Estonia is running its country like a tech company

#203

"For some weird and unexplainable reason, people normally expect better services from private companies than from their own governments." Right or wrong, it's not that unexplainable. People leave their cell phone carrier over bad customer service. They buy their things from a different website because of poor service, or go to a different store. It's cheap to change your allegiance to a different brand. It's a lot mo…

Surely democracy is an incentive to improve.

I would partially agree with that. An elected official has incentive to remain popular, or a challenger will win the next election. But in the US, much (most?) of the "government" is non-elected bureaucracy that doesn't even change with a change in the party in control.
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