0% CORPORATION TAX
Deferred tax obligation. No time limit. Payable upon distribution of profits only.
FULLY REMOTE
Company registration through e-Residency card or notary
SIMPLE ACCOUNTING
Through Eesti Consulting, we provide you with cost-effective accounting, as well as supporting the day-to-day activities of your business.
Why Company Registration in ESTONIA?
🚀 Quick Launch – Set up a business in Estonia in 3 days in 1 day – Fill in the form here or chat online to know more about company registration in Estonia
💰 Get a Bank Account – Receive corporate documents from Eesti and Open bank account in Estonia 100€ 0€
⚖️ Get a free advice – Ask for a taxation or law issues when you form a company in Estonia – 0€
📄 Free Tax Residency Certificate – Get It for free insted of paying 100€
🧠 Get up to 1000€ for start-up – Eesti will show you how to Get a grant from the EU for trademark registration in Estonia or EU (reduce state fee by 625€ – read more on e-Residency Blog)
OÜ COMPANY FORMATION RECRUITMENTS
Share capital – Standard is 2500€/m but you have not obligation to pay upon starting.
Contact person – Statutory duty if half of the board of directors reside out of Estonia.
Shareholders – Shareholder is not personaly liable for debts of company and not engaged in management
Shares – The minimum value of a share is 1 EUR.
Directors – At least 1 person, who will be a natural person.
Non monetary contribution – Non-monetary contribution is allowed
3 Options for Company Registration in Estonia
1. E-Residency Card
Register your e-Residency company in Estonia with an e-ID. Apply for an e-Residency card here
2. Power of Attorney
By providing us with Power of Attorney, we will act on your behalf, to register your Estonian Company.
3. Personal visit
Simply reach out to Eesti Consulting and book an appointment with us to register your company at the local notary in Tallinn.
🇪🇺 Company in Estonia from 234€
E-Residency Company
234 €
+ State fee for company registration 265€
- Free company name check
- Legal address in heart of Tallinn
- Contact person service
- State fee not included (€265 from 1st January 21)
- Free certificate of tax residency
- Corporate documents – scanned copies
+++ recommened for start-ups
🚀 The free Application for a SME FUND 2023 grant for trademark registration in EU (get up to 1000EUR of refundation, read more here)
Company formation with PoA
1200 €
+ state fee + certified translation PoA + notarial fees
- Free company name check
- Legal address in heart of Tallinn
- Contact person
- State fee not included (€265)
- Attorney fees included
- Free certificate of tax residency
- Corporate documents – scanned copies
OR
▶️ Buy ready made company with VAT number, EORI and bank account here.
Not only company registration....
Company Registration
Company registration, through e-Residency card, Power or Attorney, or an in-person appointment at the local notary in Tallinn.
ACCOUNTING SERVICES
Cost-effective accounting and reporting
LICENSING
Assistance in obtaining licenses for your company.
LEGAL ADDRESS
Legal address in the heart of Tallinn
BANKING
We advise you how to open the bank account.
Start company in Estonia with 3 steps!
🆔 APPLY FOR E-RESIDENCY CARD
Learn more about E-Residency cards by clicking the following link Easily obtained from the comfort of your home, once you receive your e-ID from your local embassy, you’ll be free to register your digital company. Simply reach out to us here at Eesti Consulting, for further assistance.
🌍 CUSTOMISE YOUR COMPANY
Before registering your company, you’ll need to decide upon your legal address, your personal contact information, your company name and your capital. *Before choosing a company name, with strongly recommend checking the trademark database to prevent any copyright infringement.
👋 REGISTER THE COMPANY
Whether registering through an e-Residency card, Power of Attorney, or simply an in-person visit to the local notary in Tallinn, you can rely on us here at Eesti Consulting to offer you assistance every step of the way, free from the fear of hidden costs.
With our help, you’ll have your new bank account and business licence up and running in no time at all.
OUR PRODUCTS
New? Get a Free Tax Guide about Taxation!
Company in Estonia formed? Just open a bank account right now!
Company Registration STEP by STEP
Company registration in Estonia
Most important issue before company formation in Estonia 🚀
Selecting your business name is a crucial first step! A unique and memorable name can boost your company’s reputation and success. Remember! The company name must end with ‘OU’ or ‘osaühing’ for companies.
Don’t register a company in Estonia without following good practice rules. 🚫
📋 Include Legal Form (like ‘OÜ’ or ‘osaühing’) for companies.
👤 Sole Proprietorships: Use the proprietor’s first and last name.
🚫 Avoid Non-Partners: Don’t use names of non-partners or conflicting names.
🔍 Be Distinct: Ensure your name is distinct from existing names in the business register.
™️ Trademark Consent: Get consent for using trademarked signs or choose another name – Commercial Register may ask you for a change of company name if the name is connected with a trademark. Do you want to register a trademark with the company? See Trademark Registration Service in Estonia.
🌐 Alignment Matters: Align your name with your business activity and location.
*** Check pronunciation 🧐
Ensure your name stands out. Even small differences in spelling or pronunciation count. It should also reflect your main activity and location.
*** Check the name before starting a company in Estonia. 🔍
Verify your preferred name in the e-Business Register. Compare it with existing names. The register makes the final call.
*** Check the Trademark Registration before registration ™️
Query the trademark database on the Patent Office’s website to avoid trademark conflicts it! Follow these steps to choose the perfect business name in Estonia. Good luck! 🍀👍
Why You Need a Contact Person 🇪🇪
If your company’s management board is abroad, you must have a contact person in Estonia, as per the Commercial Code. The service is available through virtual office providers in our Marketplace.
Who Can Be a Contact Person? 📜
Who Can Be Your Contact Person? 🤝
Designated contact persons can include notaries, advocates, sworn auditors, audit firms, or licensed trust and company service provider like Eesti Consulting – jump here to our contact person service in Estonia.
If someone within your company resides in Estonia, they can also serve as the contact person.
Requirements for Non-Resident Companies 🌍
When registering as a non-resident company, you must specify the location of your management board (if it’s outside Estonia) in the Commercial Register.
Separation of Legal Address 🏢
Starting from February 2023, you have the flexibility to separate your legal address from your contact person’s address. While not mandatory, most e-residents prefer a single service provider for both.
Responsibilities of Your Contact Person 📬For foreigners and e-residents, company formation in Estonia is made easier with these guidelines, catering to e-Residency company needs.
Designated contact persons can include notaries, advocates, sworn auditors, audit firms, or licensed trust and company service providers. If someone within your company resides in Estonia, they can also serve as the contact person.
Requirements for Non-Resident Companies 🌍
When registering as a non-resident company, you must specify the location of your management board (if it’s outside Estonia) in the Commercial Register.
Separation of Legal Address 🏢
Starting from February 2023, you have the flexibility to separate your legal address from your contact person’s address. While not mandatory, most e-residents prefer a single service provider for both.
Responsibilities of Your Contact Person 📬
Your contact person handles essential documents and letters. Even in Estonia’s digital era, some legal documents are still received in paper form. When your contact person receives such documents, they are considered delivered to your business. No need for them to be a shareholder, board member, or employee, and they don’t require special rights to act on your company’s behalf.
For foreigners and e-residents, company formation in Estonia is made easier with these guidelines, catering to e-Residency company needs.
1. Apply for e-Residency Card 📨
Begin by applying for an e-Residency card through the Estonian Police and Border Guard Board (PBGB) website.
2. Collect Your e-Residency Card 🏢
Once approved, collect your e-Residency card from the Estonian embassy or pick-up location.
3. Verify Identity 🔑
Use your e-Residency card to access secure Estonian government services online.
4. Choose Your Company Name 📛
Select a unique and suitable name for your company.
5. Prepare Necessary Documents 📄
Gather the required documents, including your business plan, legal address, and contact person.
6. Register Your Company Online 💼
Visit the Estonian Business Register’s website and complete the online registration process.
7. Pay State Fee 💳
Pay the state fee for registering your company.
8. Obtain VAT Number (if needed) 💰
If applicable, register for VAT and obtain a VAT number.
9. Set Up Legal Address and Contact Person 🏠🤝
Ensure you have a legal address and contact person, either by yourself or through a service provider. Learn More
10. Open Bank Account 🏦
Choose a suitable Estonian bank and open a business bank account.
11. Explore Financial Services
Consider services like Payoneer and Wise for international financial solutions.
12. VAT Registrations
Learn more about VAT registrations in Estonia here.
Congratulations! 🎉 Your Estonian company is now registered and ready for business.
Imagine Markus, an IT programmer, decides to set up a private limited company in Estonia. According to the rules, he is required to contribute a minimum share capital of €0.01 per shareholder. Since Markus is the sole shareholder, he needs to invest at least €0.01 as the share capital.
However, understanding the value of a strong financial foundation for his business, Markus chooses to invest a higher amount as his share capital. This decision not only shows his commitment but also enhances his company’s capital base, which could prove beneficial for future growth.
During the company registration process, Markus confirms the payment of his chosen share capital amount. Once the funds are successfully transferred to his company’s bank account within the EEA and registered in the Estonian Business Register, Markus can allocate these funds for various business needs, such as equipment, software, and operational expenses.
In the long run, by adhering to the requirement of declaring his share capital to the Estonian Tax and Customs Board, Markus positions himself to potentially access tax advantages if he decides to close his company down the road.
Importantly, Markus learns that he won’t be able to distribute dividends directly from his share capital contribution. Dividends can only be shared among shareholders from the company’s generated profits after the share capital has been paid and registered. This insight encourages Markus to plan his business finances prudently to ensure future profitability and returns for himself as the shareholder.
Gather and submit vital documents such as shareholder and director identification, articles of association, and the completed registration application.
Cover the state fees associated with the registration process. These fees contribute to document processing and entry into the Business Register. Registering a private limited company (OÜ) online incurs a state fee of €265
Await the approval of your registration application. The processing duration varies and is influenced by the workload of authorities.
📊 VAT Registration in Estonia 🇪🇪
So, you’ve set up your consulting company in Estonia, and it’s thriving. But as your business grows, there’s an important consideration: Value Added Tax (VAT). Here’s a friendly guide to understanding VAT registration with emojis to make it simple! 🤗
1. VAT Basics 🧾
When you establish a company in Estonia, you aren’t automatically liable for VAT or entitled to deduct input VAT. VAT registration becomes mandatory when your total taxable sales exceed €40,000 from the beginning of the calendar year.
2. Optional Registration 📈
Before reaching the threshold, you have the option to register for VAT. It depends on the VAT amount on goods and services you buy and the VAT status of your clients.
3. Plan Ahead 🗓️
Once you foresee reaching the threshold, initiate the registration process. You must register within three business days of crossing the threshold.
4. Voluntary Registration 📝
You can register voluntarily before reaching the threshold by providing evidence of your business intentions.
5. Estonian VAT Number 🆔
The Estonian VAT number starts with a prefix EE, followed by nine digits (e.g., EE123456789).
6. VAT Rates 💼
Services to Estonian companies and individuals typically have a standard 20% VAT rate. A reduced 9% VAT rate applies to certain services. If you serve customers in other EU Member States or third countries, a 0% VAT rate often applies.
7. B2B Transactions 🤝
For B2B transactions in other EU Member States or third countries, include the customer’s VAT registration number and “reverse charge mechanism” on invoices.
8. B2C Transactions 🧑🤝🧑
B2C transactions outside Estonia may be subject to Estonian VAT, or you may need to register in the customer’s country and follow local VAT rules.
9. Verify VAT EE Number ✅
You can verify the VAT EE number on the VIES website or the Estonian Tax and Customs Board’s KMKR website.
For comprehensive VAT registration services in Estonia, visit this link. Make informed choices to ensure your consulting business thrives in Estonia! 🌱💼
💼 Opening a Bank Account in Estonia After Company Registration 🏦
Congratulations on registering your company in Estonia! Now, let’s talk about the next crucial step: opening a bank account. 🌟
At Eesti Consulting, we’ve made it incredibly easy for you to open a bank account in Estonia. Once your company is registered, the process is straightforward. We specialize in facilitating smooth bank account openings for companies just like yours. 🤝
Whether you’re a startup, an established business, or an e-resident, we’ve got the expertise to assist you. Our services cater to a wide range of financial institutions, including:
1. WISE 🌐
Open bank account in Estonia with WISE
2. Payoneer 💳
Open bank account in Estonia with Payoneer
3. SWEDBANK 🏦
At least 2 personal visits are required in Estonia – no guarantee for the bank account opening
4. LHV 🏛️
Apply for a bank account with LHV in Estonia fully remotely , but if positive decision = Appointment required.
Our goal is to provide you with the flexibility and financial support your Estonian company needs to thrive. Whether you’re looking for corporate accounts, multi-currency options, or even ready-made companies with pre-established bank accounts, we’ve got solutions tailored to your requirements. 🌐💼
Don’t let the bank account opening process stress you out. We’re here to simplify the journey for you. Learn more about our bank account opening services in Estonia here. Your success in Estonia is our priority! 🇪🇪