Licensed and regulated companies
Search for new banking partners
Identifying potential banks, preparing initial approaches and coordinating their responses.
In short
Identifying potential banks, preparing initial approaches and coordinating their responses. The price is €2,000, excluding VAT. How long it takes: depends on the banks' own review processes; each bank decides independently. It is ordered and paid on micaconsult.com.
Who it is for
Guarantee institutions that need additional banking partners, for example to hold collateral or to settle guarantee payments.
Price
| Service | Price | Order |
|---|---|---|
| Search for new banking partners | €2,000 | Order |
All prices are in euros and exclude VAT. VAT is added where it applies under the Estonian Value Added Tax Act.
What the price includes
- Identifying potential banks, preparing initial approaches and coordinating their responses.
- A list of potential banks, initial approaches and coordinated responses
Not included in the price
- Bank fees and the bank's own conditions
State and notary fees
Estonian notary fees and state fees are included in the price.
Requirements
Any banking relationship is subject to the bank's independent approval. Each bank applies its own customer due diligence to the company, its owners and its business before it decides, and no bank is obliged to accept a client.
Before we start
- Any banking relationship is subject to the bank's independent approval.
Documents and information we need from you
- Provide the information the banks ask for.
Process
- You: Provide the information the banks ask for.
- LexorCorp: Find and approach banks.
- Authority: Each bank decides.
How long it takes
Depends on the banks' own review processes; each bank decides independently.
Law and requirements
- Money Laundering and Terrorist Financing Prevention Act (rahapesu ja terrorismi rahastamise tõkestamise seadus) § 20 and § 42 (1) (each bank applies its own due diligence and may not open the relationship when it cannot complete it)
General information about our service, not legal advice.
Questions and answers
Search for new banking partners: what does it cost?
€2,000, excluding VAT. Estonian notary fees and state fees are included in the price.
Search for new banking partners: who is it for?
Guarantee institutions that need additional banking partners, for example to hold collateral or to settle guarantee payments.
Search for new banking partners: how long does it take?
Depends on the banks' own review processes; each bank decides independently.
What is not included in the price?
Bank fees and the bank's own conditions.
Who makes the decision?
Each bank decides.
Related services and add-ons
- Package B — guarantee institution with an international banking partner cooperation framework — €26,500
- Office rental outside Tallinn — from €450 / month
- Recruitment of an Estonia-based FIU contact person — €700
Part of
- Licensed and regulated companies — from €3,500
Order: Search for new banking partners · €2,000 See it in the price list