Setting up your Business Company in Estonia
Company formation in Estonia – Introduction
Estonia – Legal Company Types
Corporate Taxation in Estonia – Advantages
Company Formation in Estonia
Foreign investors find Estonia quite attractive. Moreover, the Estonian government encourages foreign investors to come and open a company in Estonia through incentives and a friendly business environment. Moreover, it offers a liberal trade, a balanced budget and favorable legislation.
According to The World Bank Group, Estonian economy brought Estonia on the 25th place as far as the ease of starting a business. Foreign investors play an important role in the economy of Estonia, especially through investments in fields like telecommunications and banking.
Recently, many of the world’s growing companies, such as Skype, Bolt, TransferWise, Playtech amongst others, have set up their business in Estonia, the northern European country.
Estonian business strategy is based on a well-developed digital infrastructure and belief that almost everything can be done online with minimal funds and time waste.
Currently, some of the established startups entrepreneurs are companies run by digital nomads, freelancers, and self-employed. The e-Residency programme was created for them, aimed at opening access to the Estonian business environment to entrepreneurs from all over the world and simplifying the processes of the business sector.
Thanks to Estonia’s membership in the EU, e-Residents have the right to use e-services on an equal basis with Estonian residents and manage their company fully remotely, while their business is based in the European Single Market.
Location-independent lifestyle is made possible by e-Residency: low-cost administration, ease of doing business, and preferential taxation. Company in Estonia OÜ will help you set up a startup in Estonia and manage your business wherever you are.
Company Registration in Estonia
Procedures to register a company in Estonia are processed through a local public notary. Incorporating a company in Estonia also requires opening a bank account, contracting a local accountant and finding a registered office to be the office address of the company.
|Type of companies||Limited Liability Company
Public Limited Company
|Minimum share capital||2500 EUR|
|Paid-in Requirement||Nom can also be 1 Eur|
|Min. number of shareholders for Limited Company||1|
|Time frame for the incorporation||5 Business Days|
|Corporate tax rate||0% until profits distributed|
|Dividend tax rate||20%|
|Are Shelf Companies Available?||Yes|
|Do you supply a Registered Address/Virtual Office?||Yes|
|Local Director Required||No|
|Is Accounting/Annual Return Required?||Yes|
Company Formation Requirements
Both resident and foreign entrepreneurs who wish to set up a company in Estonia must comply with the Company Law, by meeting the following requirements:
- Select a business name, which must be unique;
- Provide to the Registrar all identification documents of members and directors;
- Prepare and notarise the company’s Articles of Association before filing them for registration purposes;
- Obtain a local legal address for the company;
- Open a company bank account to deposit the share capital
- Registering with the Estonian tax authorities, to get respective tax identification number, VAT number and approval for registration for social security;
- Apply for eventual licenses, permits or approvals, face to the business activity it will be carrying out;
Registering a company in Estonia
How Long does it take?
Setting up a company in Estonia is quite fast process, considering that:
- The name reservation takes less than one day;
- Filing the company’s corporate documents will take one day, too;
- Tax and VAT registration usually take about 3 days;
- Registering with the Employer Registry will be done the same day.
Company formation in Estonia is a process that can also be carried out remotely, by simply obtaining “e-residency” in Estonia. We will take care of it, should you decide accordingly.
Should you have any question or matter
You would like to discuss or clarify with us
Should you like to receive further Information
About our services and fees,…
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your application.
You may call or email us, and we will be happy to assist you in a fast and efficient manner.
You can also come and visit our offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet with you.
Our Company Services
Services we DO and Services we DO NOT DO
Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly registered and licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency business activities.