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
0% corporation tax
if you do not distribute profits (do not pay out dividends, fringe benefits , f.e loans to shareholders)
Run your business simply via e-Residency card – put your digital signature and start activities.
Cheap and very easy accounting services – cash metod and clear and transparent Income Tax Act regulation.
OÜ company formation recruitments
Share capital is 2500€m but you have not obligation to pay upon starting the company.
non monetary contribution
Non-monetary contribution is allowed
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.
the minimum value of a share is 1 EUR
at least 1 person, who will be a natural 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.
- Company name check
- Company registration remotely
- Registered office address for 1 year
Estonian “contact person” service for 1 year
State fee(€190) not included
- 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
opening of estonian company
Run your business directly from home with e-Residency card. We will assist you.
For small business & blockchain clients. Accounting for e-Residents is very easy and cheap.
We will obtain every license for your business. The most popular licences are for blockchain sector – providing cryptocurrency exchange services and wallet.
Do you have not legal adress for your company? We will supply it .
setting up company
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
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.