Are you ready for company formation in Estonia?
Eesticonsulting.ee can help you to become a member of a digital nation. With our assistance, you will receive own e-Residency card from your home country.
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.
Share capital is 2500€m but you have not obligation to pay upon starting.
The minimum value of a share is 1 EUR.
Statutory duty if half of the board of directors reside out of Estonia.
At least 1 person, who will be a natural person.
Shareholder is not personaly liable for debts of company and not engaged in management
Non-monetary contribution is allowed
Company formation with e-Residency card - you can live everywhere. The setting up of Estonian company may be done from home.
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.
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.
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.
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.
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”.
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.
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.
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
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.
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. The Estonian private limited company is called “OÜ” or “osaühing” in Estonian language.
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. State fee for Commercial Register is aprox. 190€ in case of electronic company formation via Company Registration Portal.
Monthly costs are the cost of accounting services or one-time submission of financial statements to RIK. Our company presents 2 kind of incoporation ways:
– Opening Estonian company by e-Residency card (cheapeast option) especially for digital nomads
– Company registration by Power of Attorney ( usually notarized and apostilled depending on the country of residence – this is exepensive option if you are not e-Residency card holder and you would like incorporate business in Estonia wholly remotely)
You do not need an e resident card for setting up a company, although registration of company via eresidency card is faster and chepeaer than company registration by POA (Power of Attorney).
If you are not eResident 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.
The Power of Attorney needs to be issued in your country of living, neeeds to be notarized and sometimes Apostilled – depending on the country.
It depends on the choice of registration method. Registration of Estonian company with the e-Residency card takes 1 to 2 business days.
Setup of OÜ 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. If you will isue the POA, send original to our office in Tallinn. We will hire Estonian qualified person for purpose of translation this documment.
We can help you obtain a certificate of tax 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. Additionally, we can obtain for you coporate documents with notarizations.
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.
We have ready power of attorney templates for registering a company in Estonia in English. We will make a sworn translation of POA into Estonian, and then arrange a visit to a notary’s office.
Grant a notary power of attorney to our employee who will arrange all formalities for you. After all, we encourage you to apply for the e-Residency card.
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
When establishing a company in Estonia, you can take advantage of the VAT exemption if you do not exceed a turnover of EUR 40,000 per year.
If you exceed this limit, registration for VAT is mandatory.
You can register for VAT voluntarily on the day of starting your business, however, the tax office in Estonia will want to get confirmation that your business is associated with Estonia, e.g. you have clients, an office or contractors with whom you work.
Become an e-resident and collect your e-Residency card from your country’s embassy.
You don’t have to fly to Estonia to Tallinn. Thanks to the card you will be able to set up a company in Estonia, a bank account and use it as an electronic signature.
You can do 95% of your business with the e-Residency card without leaving your home.
