The proof of your links to Estonia is really up to the bank. They each have their own policy. I think, in my case, it helped that LeapIN was there with me. A local business partner who speaks the language and is there with you for support, I think is an advantage anywhere.<p>If your company is a foreign-operated LLC (OÜ), which is what I opened, and what was recommended to me (I have no employees and reside in another EU country) then the only taxes are VAT, and dividend tax, which is incurred when dividend is paid out. There is no income tax.<p>Note that the dividend tax liability is of the company making the payment, not of the individual receiving the payment. So, even if there was a taxation treaty between Estonia and Serbia to avoid double taxation, you personally may still be liable for dividend tax in Serbia, if Serbia taxes foreign dividend income. But, here comes the usual disclaimer: I am not a lawyer or an accountant. You&#x27;d better check with one!