Open website’s mobile version Top


  • Home
  •  Private
  • Customer programs
  • Startup Package for new business

Startup Package for new business

  • Stage 1

    There are three ways to set up your own business

    1.Electronically via company registration portal
    2.Acquisition of an incorporated company
    3.According to the instructions given on this page

  • Stage 2

    Company registration portal

    Enter company registration portal using for authorisation your ID card, Mobile ID or Internet Bank.

    Portal guide
    ID card guide
    Mobile ID user manual

  • Stage 3

    Filling in applications and opening a startup account

    Choose from the menu “Registration of an enterprise and changing its data” >> “Registration of a new enterprise” and fill in the required forms. From the same environment you can also initiate opening a Startup account in bank.
    Start-up account information

  • Stage 4

    Payment of contribution

    You can make a share capital deposit to the newly opened start-up account. Your company does not have to have a start-up account to make a deposit; the deposit may also be transferred to the register’s deposit account via a bank link. If desired, a company can also be founded without making an immediate share capital deposit.

  • Stage 5

    Confirmation about review of application

    SEB automatically notifies the registrar of the accrual of share capital to the Startup account. Confirmation about the receipt of an application for a review is sent to your e-mail address.

  • Stage 6

    Confirmation about making an entry

    You will receive confirmation about making or not making an entry to your e-mail address entered in the telecommunications page.

  • Stage 7

    Opening of a current account

    In case of a positive answer, come to an SEB office to open a current account.

  • Stage 8

    Transfer of share capital to current account

    File an application in the company registration portal for transfer of share capital to the current account of the company.

  • Stage 9

    Registration of company

Startup Package

Business Client Startup Plan

Now more time and more resources for developing your company
Business Client Startup Plan is a solution specially developed taking into account the needs of start-up companies.

The special prices of the Startup Plan are valid for one year after you initally open your current account.

  Ordinary price Special price for business client Startup Plan
Current account monthly fee 1 EUR free of charge
Monthly fee of MC Business debit card or Visa Business debit card 1,50 EUR free of charge
SMS alerts 0,19 EUR free of charge
Internal bank transfer in the Internet Bank 0,16 EUR free of charge
Domestic transfer in the Internet Bank 0,38 EUR free of charge
European payment 0,38 EUR free of charge
Monthly fee of payment terminal with Internet connection 10 EUR free of charge
Formalisation and monthly fee of the individuals' Super+ Plan for board members 2,45 EUR free of charge

Start-up loan

You can use the start-up loan in the amount of 64,000 euros based on KredEx guarantees and sureties of the owners of companies in order to launch a business and acquire additional capital.

Partner offers

In addition to favourable banking services, you can use the following offers from SEB partners that are valid when you present the discount flyer to the service provider. Flyers are available at SEB branches along with the Start Plan.

  • sales management software solution by Pipedrive for free.
  • corporate website from Voog for half the price
  • Free accounting software from SimplBooks


  • Formalisation free of charge.
  • By using the Corporate Client Startup Package discounts, you will keep your expenses under control.
  • In case of a financing need, the client executives of SEB will consult you for free on loan and lease issues.
  • Professional help and advice by SEB specialists will help you find solutions for satisfying the different needs of your company.
  • Management board members get to use various bank services with a discount.
  • You get to use the special offers of the Corporate Client Startup Plan.

Legal persons (public limited company, private limited company, non-profit association, foundation, general partnership and limited partnership) and self-employed persons who are residents of Estonia get to use the discounts of the Startup Package after opening their first account with SEB.

The following documents are needed for getting a Startup Plan:

  • personal identification document of the company representative: passport, ID-card or driver's licence.

To apply for a start-up loan:

  • loan application;
  • business plan or description of use of loan together with financial forecasts;
  • in case of active business activities, annual report for the fiscal year that ended and last interim report of the present fiscal year, which cannot be older than 120 days.

You can conclude the Corporate ClientStartup Plan at your nearest SEB branch.


Startup account

Startup account is an account opened by the founder(s) of a foundation/company and used to transfer the amounts of money transferable to the foundation of to transfer the monetary contributions to the share capital

Payments or transfers cannot be made from the Startup account. After registering a company, the Startup account can be converted into a current account of the company. Thereafter it is possible to use the amounts accrued to the Startup account.

To open a Startup account, please submit the following to the bank:

  • in case of several founders a notarised memorandum of association; or
  • in case of a single founder a notarised foundation resolution.


Startup loan gives new companies easier access to financing solutions. The loan is guaranteed by the sureties of KredEx and the owners of the company.

Companies that are just starting in business often have no strong collateral or using it as security for a loan is too expensive both in terms of money and time. We accept the surety of KredEx and the company’s owners as collateral for the loan.
Read more about Startup loan

Read more about grants of Enterprise Estonia for starting business
Read more about grants of Estonian Unemployment Insurance Fund for starting business

Instructions for setting up a company

1. Choose the form of enterprise

  • Private limited company (OÜ)
  • Public limited company (AS)
  • Limited partnership (Usaldusühing)
  • Self-employed person (FIE)
  • General partnership (Täisühing)
  • Commercial association (Tulundusühistu)

Read more about forms of enterprise

2. Choose a business name for a company

The selection of a business name is one of the most important steps in founding a company. A distinguishable and memorable business name contributes to the company’s reputation and success. A company may have only one business name. The business name of a company cannot be similar to other business names entered in the commercial register in Estonia.

The business name of a self-employed person cannot be similar to the business names entered in the commercial register in the service area of the same registrar.

The name of a non-profit association and a foundation cannot be similar to the names of other non-profit associations and foundations entered in the register in Estonia.


In addition to the business name, each company has the right to register trade marks in its own name that would help your company and the offered services/products stand out from those of your competitors. For instance, you can trade mark words, numbers, images, or their combinations. If you have developed trade marks, they have to be registered at the Patent Office so you would have the sole right to use them.

A trade mark’s distinctiveness

The most important aspect of selecting a trade mark is its uniqueness and distinctiveness from other trade marks in the same field. Before applying for a trade mark, check whether an identical or similar symbol has been submitted or registered as a trade mark in the same field in Estonia or the European Community.
If the fields of activity coincide, the company who first defended or submitted the trade mark has the rights to it. In case the fields of activity coincide, the trade mark cannot be identical or similar with another business name either.
As the purpose of a trade mark is to distinguish the company and the provided products/services from the competitors, the trade mark should be memorable, striking, and understandable to the clients.

Checking the trade mark

You can check with the Patent Office’s electronic database whether the desired trade marks are still available. As legal protection in Estonia applies to all trade marks protected in the European Community, it is reasonable to submit queries to both local and Europe-wide databases. Check with the Patent Office’s website whether the desired trade marks are available.


Additional information:

4. Founding a company

Enter the business register’s Company Registration Portal, using an ID card, mobile ID, or Internet Bank for authorisation. From the menu, choose “Registering of an enterprise and changing its data” >> “Registration of a new enterprise” and complete the required forms. In the same environment you can also begin the process of opening a start-up account in the bank.

You could also ask a notary for help with foundation documents.

Company Registration Portal

5. Open a Startup account in bank

Startup account is a current account of the company opened by the founder and used to transfer the monetary contributions to the share capital.

6. Make the contributions

Opening a Startup account in bank, payment for shares, payment of state duty.

  • To open a Startup account (cost – according to the price list of the bank), the founders present to the bank a notarised memorandum of association (or, in case of one founder, a foundation resolution) and identity documents of the founders.
  • The founders transfer monetary contributions according to their holding to the Startup account.
  • The founders must pay for shares in full before they file an application for entry in the commercial register, unless the memorandum of association prescribes an earlier date.
  • The management board must file an application for entry in the commercial register within six months of signing the memorandum of association.
  • The funds transferred to the Startup account become available for the company after the receipt of a registration resolution from the commercial register (conversion of the Startup account in a regular account).


7. Registration in commercial register

The following documents must be submitted in the business register’s Company Registration Portal in order to register: application for registration, memorandum of association along with articles of association, list of members of the management board, numbers of telecommunications of the company, statement of the bank on making a monetary contribution, operating license (if the activity specified in the articles of association of the company is included in the list of areas of activity subject to licensing), receipt on payment of state duty.

You can submit the application in the business register’s Company Registration Portal, a local branch (Tallinn, Tartu, Pärnu, and Lääne-Viru County) of the business register, or at a notary who also provides legal consultation.

The notary public checks and approves the information you have supplied and forwards them to the commercial register.

Additional information: company registration portal

8. Open a current account

After the Startup account is converted to a current account, the funds transferred there become available for transactions.


Open a company account without leaving your desk



Tähelepanu! Teie veebilehtiseja ei vasta SEB kodulehe külastamiseks vajalikele nõuetele. Palun vahetage veebilehitsejat või seadet, millega te veebilehte sirvite.

Attention! Your web browser does not correspond to the requirements needed to visit SEB website. Please change web browser or device that you use for browsing the site.

Внимание! Ваш браузер не отвечает требованиям, необходимым для посещения сайта SEB. Просим поменять браузер или устройство, при помощи которого вы производите поиск в браузере.