COMPANY FORMATION

Company registration in estonia

Are you ready for company formation in Estonia? Eesticonsulting.ee cans help you to become a member of a digital nation. With our assistance, you will receive own e-Residency card from your home country. We are glad to help you with the process of company registration in Estonia.  Our business is approved by the Financial Intelligence Unit with the license number. Let us work for you and consult your business model today.    We offer a wide range of services starting from running the company in Estonia, ending for obtaining the cryptocurrency licenses.

Tax incentives in estonia country

Why estonia?

0% corporation tax

if you do not distribute profits (do not pay out dividends, fringe benefits , f.e loans to shareholders)

fully remote

Run your business simply via e-Residency card - put your digital signature and start activities.

simple accounting

Cheap and very easy accounting services - cash metod and clear and transparent Income Tax Act regulation.

OÜ company formation recruitments

share capital

Share capital is 2500€m but you have not obligation to pay upon starting the company. 

 

non monetary contribution

Non-monetary contribution is allowed

shareholders

Shareholder is not personaly liable for debts of company  and not engaged in management of company. The limit of liability of shareholder is limited to the amount of share capital.

 

shares

the minimum value of a share is 1 EUR

directors

at least 1 person, who will be a natural person.

contact person

Statutory duty if half of the board of directors reside out of Estonia.

How to incorporate company in estonia?

setting up of company

with e-Residency card

Company registration with e-Residency card - you can live​ everywhere. The setting up of Estonian company may be done from home.

by notary public

We ask the notary public from Tallinn about appointment date for company formation purpose. You come to Tallinn and go to the notary with your Passport or EEA card.

POWER OF ATTORNEY

Contact our service - we will prepare Power of Attorney for you. You have to go to the local notary office and grant us with POA for purpose of the setting up the Estonian OU company.

Choose your plan

This is one time payment upon starting relationship.

e-Residents

500 one-time
  • Company name check
  • Company registration remotely
  • Registered office address for 1 year
  • Estonian "contact person" service for 1 year

    State fee(€190) not included
Popular

other clients

900 one-time
  • Company name check
  • Setting up Estonian OU company
  • Registered office adress for 1 year
  • Estonian "contact person" for 1 year

    State fee(€190) not included

    Power of Attorney - person who will be acts on behalf of you

our services

opening of estonian company

Run your business directly from home with e-Residency card. We will assist you.

accounting services

For small business & blockchain clients. Accounting for e-Residents is very easy and cheap.

licensing

We will obtain every license for your business. The most popular licences are for blockchain sector - providing cryptocurrency exchange services and wallet.

Legal address

Do you have not legal adress for your company? We will supply it .

setting up company
process

step 1 - apply for e-resident card

Go to the website https://e-resident.gov.ee/ and know more about this government initiative. You can stay at home at applying wholly remotely from home. The next step is collecting your e-ID card from local Estonian Embassy. Jump here to see pic-up locations.

step 4 - choose company name and capital

You decided to open a company in Estonia.  Remember – you should reserve the correct name for your company.   Check please RIK – Commercial Register and check your name is free. The company name needs to end with “OÜ”.  The minimum capital of OÜ company is 2500 EUR, but still possible is option “Non-monetary contribution”.  Ask our service about this method before company incorporation.

step 2 - choose legal address

Legal address is called often as a virtual office.   Your company registered under the law of Estonia needs have at least a virtual office address located in Estonia.   Is not necessary to have a physical presence.  We offer prestige address location in the heart of Tallinn.

step 5 - accounting services

Connect your company to our accounting software and let us maintain with your accounting duties – a day to day bookkeeping,  accounts preparation and financial statements processing.

step 3 - choose contact person

Starting from 15.01.2018 “contact person” is mandatory service for companies registered under the law of Estonia if the management board is located out of Estonia ( read: non-residents). We are approved by Financial Intelligence Unit (FIU) as “company service provider”.

step 6 - open bank account in estonia

Our competitors from “accounting sector” tell our customers:  “Is not possible to open SWEDBANK account in Tallinn”.   We have a bit more experience with dealing with nonresidents queries and portfolio.  Trust Eesticonsulting.ee

income
tax

The most know incentive of the Estonian tax system is shifting moment of taxation to time, where the profit is distributed. If the board of directors decide to not pay out dividends to its shareholders, all profits are re-investment. Therefore company will be not liable to pay Corporation Tax. Some people treat this rule commonly as “Corporation Tax 0%”.

What does mean “distributed profits”?

– corporate profits distributed in the tax period
– gifts, donations and expenses in relation to representatio
– private expenses and payments not connected with the business
– transfer of the assets of the permanent establishment (PE) to its main headquarter or to other companies

Questions about estonia

Our clients ask our service (...)

Not. Estonia has concluded bilateral conventions for the avoidance of double taxation and the prevention of fiscal evasion with countries over the world. Estonia is a member of the OECD organisation. Moreover, the beneficial owner is visible and published in Estonian RIK – Commercial Register. Even so – there are a lot of tax and business incentives of running the company through Estonia.

Company formation costs in Estonia is divided into fixed costs and monthly costs. Fixed costs are help in obtaining an e-Residency card (100 €) and the cost of the registration address and contact person. Monthly costs are the cost of accounting services or one-time submission of financial statements to RIK.

You do not need an e-Residency card for setting up a company, although registration via e-ID card is faster than with other methods. If you are not e-Resident card holder, the limited liability company registration remains by notarial power of attorney. All you have to do is contact our company, grant a power of attorney to our employee and he will register the company for you on your behalf.

It depends on the choice of registration method. Company formation with the e-Residency card takes 1 to 2 business days. Registration of OU by a notary public may take up to 5 business days. Please note that for company formation process by proxy we need original documents usually bearing the Apostille clause and certified by a notary public.

We can help you obtain a certificate of residence in Estonia. Just report to our company and authorize us to act on your behalf. We will contact EMTA – the tax office and obtain the original tax residence certificate with the official’s stamp. This document confirms that the company is a tax resident of Estonia. It can be useful in the case of withholding tax or tax control in the country of residence of the director of the company.

Apostille is issued by a local notary public in Estonia. This can be done, for example, in Tallinn or Tartu. If you are a non-resident, we may apply for Apostille on your behalf. Apostille is an official document that certifies the authenticity of documents and can be used, for example, to set up a bank account abroad for an Estonian company.

1) Application by a local notary public. State fee for running OÜ company is 145 €. The fee does not contain the notary fee, which approximately is 40€.
2) Application by e-Residency card remotely – State fee is paid by BankLink or by transfer wire from local EUR bank account and the amount is 190€. We can cover this fee on behalf of you.

expert publications

our employees provide media with knowledge.

We are fully

How much Tax you pay from not distributed profits 1 % United kingdom You pay 19% CT from Net Profits if you have british limited liability company (LTD) 1 % estonia* *This is not a tax rate.   If you don’t pay a dividend to the company shareholder,  you pay nothing to tax. united kingdom directors At least 1 director – natural person. shareholders At least 1 shareholders – may be a legal person.  state fee £10 – WebFilling fee or £40 by paper incorporation Fully remote incorporation via WebFilling Portal bank Troubles with British high-street banks. selling shares You do not need notarial agreement.  estonia directors At least 1 director – natural person. shareholders At least 1 shareholders – may be a legal person.  state fee 190€ via e-Residency card  incorporation Remotely only if you are e-Resident card holder.  Another way is the incorporation by Power of Attorney bank The…

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Beneficial owner term A beneficial owner is a natural person who owns the benefits of ownership even though right to some form of business is in another name. It also indicates any individual or group of individuals who, both directly or indirectly, has the ability to vote or control the transaction decisions regarding specific security, such as shares in a company In the event of natural person holds at least 25 % shares in the company, he is treated as a beneficial owner.   Most of the companies have only 1 director and 1 shareholder with 100% shares.    In this scenario, the beneficial owner is the 100% shareholder, who are together the director of the company. Look at the other example.    Company has 5 shareholders: A keeps 20% shares, B – 30%, C-30%, D – 10% and E – 10% shares  in the share capital of the company.  Who…

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Another reason to work and do business in Estonia is the fact that it has one of the most flexible taxation laws in the European Union as well as the rest of the world. The 0% tax on retained and reinvested profits alone has got local and foreign investors on a rat race trying to squeeze their way through immigration just so they can have a piece of that proverbial “pie” of the Estonian economy. But there are more tax benefits from Estonian company that any investor could enjoy if he decides to start a business in Estonia that are just too good to ignore. Taxes in Estonia Corporate Income Tax Labour Tax Value Added Tax (VAT) Personal Income Tax Corporate Income Tax – 0% tax in Estonia! As stated above there is no more corporate income tax on retained and reinvested profits, which means that local and foreign companies…

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