Business Plan

The Hidden Costs of Neglecting a Business Plan

Neglecting a Business Plan: The Costly Mistake Startups Make

Is business just luck and throwing spaghetti against the wall to see what sticks? Or are there fundamental principles that separate successful entrepreneurs from those who crash and burn?

I’ve been starting and growing businesses for over five years through my consulting firm, Coaching 4 Companies. During that time, I’ve advised countless entrepreneurs. And let me tell you—the ones who followed key business principles reduced their risk, effort, and cost. The ones who ignored them? They wasted time, money, and resources.

One of the biggest mistakes I see? Starting a business without a structured plan.

A solid business plan isn’t just a formality—it’s the foundation of your success. Without it, you’re setting yourself up for failure. Let’s talk about why so many founders skip this crucial step and the consequences of neglecting a business plan.


Why Founders Ignore Business Planning (And Why It’s a Huge Mistake)

For some reason, people treat business differently from every other discipline. If a doctor tells you to take medicine for your kidney pain, you listen. If a lawyer gives you legal advice, you follow it. But when it comes to business, too many people think it’s all about instinct, gut feeling, or getting lucky.

Reality check: Business is a structured discipline governed by principles. You wouldn’t build a house without blueprints—so why start a business without a plan?

Despite this, many founders make the mistake of skipping a business plan because:

  • They think it’s unnecessary. They assume they can “figure it out as they go.”
  • They’re impatient. They want to jump straight into launching and selling without planning.
  • They don’t know how. Writing a business plan sounds intimidating, so they avoid it.
  • They think it only matters for investors. They assume that if they’re self-funding, they don’t need a plan.

But here’s what actually happens when you neglect a business plan.


The Consequences of Skipping a Business Plan

1. No Clear Direction (Winging It Leads to Failure)

Without a business plan, you have no real strategy. You’re just reacting to whatever comes your way. That leads to:

  • Unclear goals: What exactly are you trying to achieve? If you don’t define it, you’ll never reach it.
  • Inconsistent decision-making: You’ll constantly second-guess yourself without a roadmap.
  • Wasted resources: You’ll burn time and money on things that don’t actually move your business forward.

A business plan forces you to clarify:
✅ What problem you’re solving
✅ Who your ideal customers are
✅ How you’ll stand out from the competition

When you skip this step, you’re flying blind—and that’s a recipe for disaster.

2. Struggling to Secure Funding (Investors Need a Plan)

Need funding to launch or scale your business? Investors and banks want to see a concrete plan before they trust you with their money.

Without a business plan:

  • You’ll struggle to convince investors. They want to see financial projections, a market analysis, and a clear strategy before investing.
  • Banks won’t take you seriously. If you’re applying for a loan, lenders need to see a structured plan that proves you can repay the money.
  • Even bootstrapped businesses suffer. If you’re self-funding, a plan helps you allocate money wisely instead of burning through cash with no strategy.

A well-structured business plan reduces risk for investors and increases your chances of securing funding.

3. No Roadmap for Growth (You’ll Lose Focus)

A business plan isn’t just for the launch phase—it’s a living document that guides your growth.

Without one, you’ll constantly be putting out fires instead of making strategic decisions that scale your business. You might:

  • Chase too many opportunities at once. Without a clear focus, you’ll get distracted and spread yourself too thin.
  • Struggle to adapt. A good plan helps you anticipate challenges and pivot strategically.
  • Fail to measure progress. If you don’t track key metrics, how will you know if you’re succeeding?

A business plan helps you stay on track, make informed decisions, and adjust as needed.


How to Avoid These Pitfalls: Build a Business Plan (The Right Way)

The good news? Creating a business plan doesn’t have to be complicated. Here’s how to break it down into manageable steps:

1. Executive Summary

Your elevator pitch—a concise overview of your company, mission, and goals.

2. Company Description

Detail your products or services, target market, and competitive advantage.

3. Market Analysis

Research your industry, competitors, and target audience. What are their needs, pain points, and desires?

4. Marketing & Sales Strategy

How will you attract and convert customers? What channels will you use?

5. Management Team

Investors want to know who’s running the show. Highlight your team’s expertise and qualifications.

6. Financial Projections

Forecast your revenue, expenses, and profitability. If this feels overwhelming, use tools like AI-powered business plan generators.

Still unsure how to get started? Check out this guide on how to write a business plan australia. Just remember—templates are a starting point, not a substitute for real strategy.


Final Thoughts: Business Is a Discipline, Not a Gamble

Success in business isn’t about luck—it’s about strategy, execution, and discipline.

A business plan isn’t just paperwork. It’s your blueprint for success. It keeps you focused, helps you secure funding, and provides a roadmap for sustainable growth.

If you’re serious about building a business that lasts, stop treating business like a game of chance. Take control. Build a plan. And set yourself up for real success.


About the Author

Wayne Brown is the CEO of Coaching 4 Companies, based in Hong Kong, with branches in Singapore, Shanghai, and Australia. His firm specializes in business consulting, coaching, and executive development services designed to help SMEs achieve real performance, growth, and value. Wayne and his team have delivered impactful programs for Fortune 500 companies, including Siemens, Amazon, Google, and Coca-Cola.

 

Read more
Payments and Banking Solutions

Bank Accounts In Estonia – List For E-Residents 2025

Bank Accounts in Estonia – 2025 List for e-Residents.

Explore our list of bank accounts in Estonia dedicated for e-Residents.  A lot of custommers ask me: 

How to Open bank account in Estonia?

Do I need travel to Tallin to open bank account?

There is no single answer to this question. We have prepared a list of bank accounts in Estonia, including traditional bank accounts and app-based banking systems.  If you already launched your company in Estonia, choose Eesti Consulting as your contact person.

 

1. Open LHV Bank Account

 

LHV Pank

Key Features:

 

    • Highly e-resident-friendly
    • Provides multi-currency accounts
    • Offers business loans and investment options
    • Strong online banking tools

 

Valuable Info:  LHV Pank has become one of the top choices for e-residents, offering an efficient digital banking experience that’s especially helpful for international businesses.

Website: www.lhv.ee/en

 

2. Swedbank – 2 visits in Tallinn required

 

Swedbank

Key Features:

 

    • Wide network of ATMs and branches across Estonia
    • Offers both personal and business banking
    • Online banking and investment services

 

Valuable Info: Swedbank is a household name in Estonia and provides a full spectrum of services for businesses, though non-residents may face higher fees.

SWEDBANK requires at least two visits to its Rävala Branch. The procedure is difficult for e-Residents, as SWEDBANK asks for information about clients, service providers, contractors, and business connections with Estonia.

 

3. SEB Pank – mainly for residents of Estonia!

SEB Pank
Key Features:

 

    • Known for secure online banking
    • Offers business credit, loans, and savings options
    • Wealth management and investment tools

 

Valuable Info: SEB provides a solid foundation for Estonian businesses, but non-residents will face additional due diligence fees for account opening.

 

 

4. Luminor Bank – Open Bank Account Here!

Luminor Bank
Key Features:

 

    • Strong local presence and a good choice for businesses with ties to Estonia
    • Business loans and investment options
    • Digital banking platform

 

Valuable Info: Luminor is a good choice for businesses that need strong local services, but non-residents will need to pay higher due diligence fees.

Website: www.luminor.ee

 

5. Coop Pank – mainly for residents of Estonia

Coop Pank
Key Features:

 

    • Easy banking with integration to local retail services
    • Offers business banking services
    • Provides simple account management

 

Valuable Info: Coop Pank’s integration with local retail stores makes it unique, but it’s mainly focused on local businesses rather than international ones.

Website: www.cooppank.ee

 

6. Wise – Banking Solution – Works Worldwide!

Wise
Key Features:

 

    • Low-cost international transfers
    • Multi-currency accounts for businesses and individuals
    • Transparent fee structure

 

Valuable Info: Wise is perfect for e-residents who need a cost-effective way to send money internationally and manage multiple currencies.

Website: www.wise.com

 

7. Revolut

Revolut
Key Features:

 

    • Global multi-currency accounts
    • Includes cryptocurrency services
    • Low-fee international payments

 

Valuable Info: Revolut is an excellent choice for international business owners and freelancers who need a versatile digital bank for handling multiple currencies.

Website: www.revolut.com

 

8. N26

N26
Key Features:

 

    • Free business accounts
    • Simple and mobile-friendly app
    • Excellent international money transfers

 

Valuable Info: N26 is a digital-first bank that offers great features for businesses, especially those that need global payment solutions.

Website: www.n26.com

 

9. Paysera

Paysera
Key Features:

 

    • Affordable international payments
    • Multi-currency accounts
    • Great for freelancers and small businesses

 

Valuable Info: Paysera is a great choice for small businesses that need cost-effective ways to receive payments and make international transactions.

Website: www.paysera.com

 

10. Payoneer

Payoneer
Key Features:

 

    • Ideal for global business payments
    • Multi-currency accounts and cards
    • Easy to manage international invoices

 

Valuable Info: Payoneer is a go-to solution for businesses and freelancers looking to receive cross-border payments and manage their accounts in multiple currencies.

Website: www.payoneer.com

 

11. Satchel.eu

Satchel.eu
Key Features:

 

    • Payment gateway for businesses
    • Offers multi-currency IBAN accounts
    • Ideal for payment processing

 

Valuable Info: Satchel.eu is great for businesses in need of comprehensive payment services and a secure payment gateway.

Website: www.satchel.eu

 

12. Intergiro

Intergiro
Key Features:

 

    • Fintech solution for businesses
    • Offers customized financial services
    • Fast and secure payments for international businesses

 

Valuable Info: Intergiro is a solid choice for international businesses looking for a tailored financial service with efficient cross-border payments.

Website: www.intergiro.com

 

13. ConnectPay

ConnectPay
Key Features:

 

    • Provides payment solutions and multi-currency accounts
    • Specializes in e-commerce and cross-border payments
    • Simple online registration for accounts

 

Valuable Info: ConnectPay is an excellent option for businesses with a heavy online presence or those needing robust payment solutions.

Website: www.connectpay.com

 

14. Finom

Finom
Key Features:

 

    • Comprehensive financial management tools for businesses
    • Multi-currency accounts and payments
    • Ideal for freelancers and small businesses

 

Valuable Info: Finom makes managing business finances easier, with powerful tools designed to streamline invoicing, accounting, and payments. It’s a solid option for entrepreneurs looking for efficient financial management.

Website: www.finom.co

 

15. Ozan

Ozan
Key Features:

 

    • Digital wallet for businesses
    • Provides payment solutions for e-commerce
    • Multi-currency capabilities

 

Valuable Info: Ozan offers a modern payment solution with a focus on e-commerce businesses, providing seamless transactions across borders.

Website: www.ozan.com

 

 

Conclusion

Choosing the right bank is an important decision for Estonian e-residents. It helps you manage your business, handle payments, and grow internationally. Estonia offers many banking options, including both traditional banks like Swedbank and SEB, and non-traditional platforms like Wise and Revolut.

Each bank has different benefits. Some offer great local services and others focus on international payments and multi-currency accounts. By looking at factors like fees, currency options, and ease of use, you can find the best bank for your needs.

Whether you’re a freelancer, running an online store, or managing a global business, there’s a banking solution that can help you succeed. Just make sure to compare the features and services of each option before making your choice!

Missing info or something is wrong with above edit? Contact our PR department (E-mail: contact@eesticonsulting.ee )

 

Read more
Top 6 Accounting Software in Estonia

Best Accounting Software in Estonia for e-Residents 2025!

A lot of entrepreneurs ask me: What is the best accounting software in Estonia? 🤔 The truth is, there’s no one-size-fits-all answer to this question. Every business is unique, and the best solution depends on several factors, such as your company’s size, industry, monthly budget 💰, and the specific features you need.

For some, ease of use and affordability might be the top priority ✅, while others may require advanced functionalities like payroll management 👩‍💻, inventory tracking 📦, or multi-currency support 💱. Additionally, many Estonian businesses value software that complies with local tax regulations and integrates seamlessly with the country’s digital ecosystem 🇪🇪.

In this article, I’ll walk you through the 10 best accounting software options in Estonia 🔟, highlighting their key features, pricing, and who they’re best suited for. Whether you’re a startup 🚀, small business 🏢, or a growing company 📈, this guide will help you make an informed choice.

 

#1 SimplBooks – Accounting Software with easy imports

 

An online accounting software offering features like salary management, warehouse accounting, and comprehensive reporting. It allows both clients and accountants to access the same data and supports user permissions.

📌 Key Features of SimplBooks Accounting Software

🏦 Bank Integration – Connects with major Estonian banks (Coop, Swedbank, SEB, LHV) for automatic bank transaction imports, reducing manual work.

📑 Electronic Invoicing – Supports e-invoicing with Telema, Envoice, Omniva, and Costpocket for smooth invoice processing and document exchange.

📂 Easy Tax Filing – Enables seamless tax reporting and VAT declaration to tax authorities, ensuring compliance.

📊 Expense & Invoice Management – Simplifies financial tracking, expense recording, and invoice automation for businesses.

🖥️ User-Friendly Interface – Designed for simplicity, making accounting tasks, bookkeeping, and financial reporting easy for all skill levels.

🔗 Cloud-Based Accounting – Access your accounting data securely from anywhere, anytime.

💼 Small Business Accounting – Ideal for entrepreneurs, freelancers, and small businesses looking for an efficient accounting solution.

 

#2 Merit Aktiva – for entrepreneurs and accountants

 

A cloud-based accounting software designed for both accountants and entrepreneurs. It offers automated solutions to enhance efficiency and supports seamless data sharing among colleagues.

📌 Key Features of Merit Aktiva 

🌐 Cloud-Based Accessibility – Access your accounting data securely from any device with internet access, allowing for flexible work environments.

🔄 Integration with Third-Party Applications – Seamlessly sync with various apps and services to enhance business efficiency.

📈 Comprehensive Reporting – Generate detailed financial reports to gain insights into your business performance.

🔒 Data Security – Benefit from bank-level security measures to ensure your financial information remains protected.

🆓 Free Trial Package – Experience all premium features for up to 6 months, with the ability to enter up to 100 sales invoices, 100 purchase invoices, and 100 ledger entries.

These features, along with those previously mentioned, make Merit Aktiva a versatile and user-friendly accounting solution suitable for various business needs.

 

#3 SmartAccounts – For Accountants, Difficult for Beginners!!

 

An online accounting program that provides tools to record income and expenses, generate invoices, and manage financial transactions.

    📌 Key Features of SmartAccounts program

    📄 Invoice Creation – Easily create and send invoices directly from SmartAccounts, with customizable PDF templates to suit your business needs.

    📦 Purchase Management – Efficiently manage your purchases, including the ability to copy recurring purchase invoices for convenience.

    📊 Financial Reporting – Access comprehensive financial reports, including balance sheets, income statements, and cash flow statements, along with several additional reports for detailed insights.

    🏢 Fixed Asset Management – Conveniently manage fixed assets with built-in features, including depreciation reports.

    📈 Inventory Tracking – Keep track of your inventory with ease, ensuring accurate stock levels and efficient management.

    💼 Payroll Calculation – Calculate salaries and manage payroll processes seamlessly within the software.

    🔗 Integration Capabilities – Integrate SmartAccounts with various platforms, including online stores and business management software, to enhance business efficiency.

    📧 E-Invoicing – Send and receive e-invoices efficiently, reducing manual data entry and streamlining your invoicing process.

    📱 User-Friendly Interface – Designed for simplicity and ease of use, making accounting tasks straightforward even for users without an accounting background.

    #4 Freshbooks – Invoicing software for EU entrepreneurs

     

    FreshBooks is a cloud-based accounting software tailored for small and medium-sized businesses, offering a comprehensive suite of tools to streamline financial management. Its user-friendly interface and robust features make it a popular choice among entrepreneurs seeking efficient accounting solutions.

    Founded in 2004 and headquartered in Toronto, Canada, FreshBooks offers a comprehensive suite of features designed to streamline financial management tasks.

     

    📌 Key Features of SmartAccounts program

    📈 Time Tracking – Monitor billable hours with an integrated timer, ensuring accurate client billing.

    💳 Online Payments – Accept credit card payments directly through invoices, streamlining the payment process.

    📱 Mobile Accessibility – Manage your accounting tasks on the go with FreshBooks’ mobile app, available for iOS and Android devices.

    🔗 Third-Party Integrations – Connect with various applications, including PayPal, Stripe, and G Suite, to enhance business operations

     

     

    #5 ErplyBooks

     

    ERPLY Books is a comprehensive accounting software tailored for small and medium-sized businesses, particularly in the retail and e-commerce sectors. It offers a range of features designed to streamline financial management and enhance operational efficiency.

    📈 Time Tracking – Monitor billable hours with an integrated timer, ensuring accurate client billing.

    💳 Online Payments – Accept credit card payments directly through invoices, streamlining the payment process.

    📱 Mobile Accessibility – Manage your accounting tasks on the go with FreshBooks’ mobile app, available for iOS and Android devices.

    🔗 Third-Party Integrations – Connect with various applications, including PayPal, Stripe, and G Suite, to enhance business operations.

     

    #6 e-Financials – The simplest accounting software I ever saw!

     

    e-Financials is a user-friendly, web-based accounting software developed by the Centre of Registers and Information Systems in Estonia. It is designed to assist small enterprises and startups in managing their bookkeeping efficiently. Accessible through the e-Business Register portal, both entrepreneurs and authorized individuals, such as accountants, can utilize the software. The platform offers a comprehensive suite of features tailored to streamline financial management tasks

    📌 Key Features of e-Financials

    📊 Real-time Financial Data
    Access up-to-date financial information anytime, allowing businesses to make data-driven decisions.

    💻 Cloud-Based Platform
    E-Financials operate on the cloud, providing flexibility and remote access from any device, anywhere.

    📑 Automated Accounting
    Automates tasks like invoicing, billing, and transaction recording, reducing human error and improving efficiency.

    🔒 Data Security
    Strong encryption protocols ensure that financial data is securely stored and protected from unauthorized access.

    📈 Financial Reporting Tools
    Generate detailed financial reports, including balance sheets, profit and loss statements, and cash flow analysis.

    💡 Integrated Analytics
    Built-in analytics tools help businesses monitor their financial health and identify areas for improvement.

    ⚙️ Customization
    The platform can be tailored to suit the specific needs of businesses, whether small startups or large enterprises.

    📱 Mobile-Friendly
    Optimized for mobile devices, allowing users to track and manage finances on-the-go.

    If you are looking accounting services, hire Eesti Consulting and choose your contact person and legal address provider.

    Editor Contact

    Contact us (contact@eesticonsulting.ee) to edit this article or add a link to any resources.  

     

     

     

    Read more
    How Secure Trademark

    🎊 SME Fund 2025: Get 75% Off on Trademark Registration in the EU!

    Register Trademark with SME FUND 2025 Voucher

    Good news for small and medium-sized businesses (SMEs) across Europe! The SME Fund 2025 is officially launching on 9th February 2025, and it’s packed with exciting opportunities to help your business grow and succeed. One of the biggest perks this year? A massive 75% discount on trademark registration!

    Apply for SME FUND 2025 here

    🎊 SME FUND 2025 is for SME Businesess

    The SME Fund 2025 is an initiative designed to support businesses by offering financial assistance for intellectual property (IP) services. This fund helps SMEs across the European Union safeguard their creative ideas, innovations, and products, ensuring they stay competitive in a global market.

    Over the past few years, the SME Fund has helped thousands of businesses protect their intellectual property by offering vouchers and discounts on things like trademarks, patents, designs, and more. This year, the Fund is back with even more support, making it easier for you to secure your brand and products through the protection of trademarks.

    Apply for SME FUND 2025 here


    GET a 75% Discount on Trademark Registration in the EU and in local countries!

    One of the standout features of the SME Fund 2025 is the 75% discount available for trademark registration. If you’re an SME and you’ve been thinking about registering your trademark in the EU, this is the perfect time to do so at a fraction of the cost.

    A trademark is one of the most important assets for your business—it protects your brand, logo, and any unique symbols that represent your products or services. By registering a trademark, you make sure that no one else can use your brand’s name or logo without your permission. It’s a vital step in ensuring that your business is legally protected in the marketplace.

    Apply for SME FUND 2025 here


    Benefits of SME FUND 2025 Program


      • Save Money: With the 75% discount, trademark registration becomes much more affordable. It’s a great opportunity to secure your brand at a reduced cost.

      • Boost Business Confidence: Having your trademark protected gives you the confidence that your intellectual property is safe. It also makes your business appear more professional to potential clients and investors.

      • Global Competitiveness: As your business grows, protecting your trademark is key to maintaining a unique identity. With the SME Fund’s help, you can enhance your international reach and compete on a larger scale.

      • Encourage Innovation: By protecting your intellectual property, you’re creating a strong foundation for further innovation and growth. Whether you’re launching new products or entering new markets, a registered trademark can help you stand out.


    How Apply for SME FUND voucher?

    To apply for the SME Fund 2025 and take advantage of the 75% discount on trademark registration, it’s simple! The Fund will officially open on 3th February 2025, and you’ll be able to access vouchers for various IP services, including trademark registration, design protection, and patent filings.

    Make sure to apply early, as these vouchers are limited, and demand is high. You can get more information and apply for the fund through the official European Union Intellectual Property Office (EUIPO) website or through local IP offices in your country.

    Apply for SME FUND 2025 here


    Get Ready for Success in 2025


    SME FUND 2025 - Success Case from 2025
    SME FUND 2025 – Success Case from 2025 – It is done with Eesti Consulting

    The launch of the SME Fund 2025 is a golden opportunity for businesses of all sizes to protect their intellectual property, reduce costs, and boost their growth. If you’ve been putting off trademark registration or want to take your brand protection to the next level, now’s your chance!

    Mark your calendars for 9th February 2025 and get ready to give your business the protection and support it deserves.

    For any questions or guidance, don’t forget to check out the EUIPO’s official resources, and stay tuned for webinars and tips on how to make the most of the SME Fund 2025.



    How Eesti Consulting can help in Trademark Registration?

    Eesti Consulting can assist you with the SME FUND 2025 for trademark registration in the following way:


      1. SME FUND 2025 Voucher Assistance: We help you apply for the SME FUND 2025 voucher, which can cover up to 75% of your trademark registration costs. If your application is not approved, you pay nothing.

      2. Trademark Risk Assessment: We perform a comprehensive risk assessment to ensure your logo or wordmark has a strong chance of success before you file for trademark protection.

      3. Trademark Application Filing: We handle the entire process of submitting your trademark application to the EUIPO (European Union Intellectual Property Office) or your local patent office, ensuring all requirements are met.

      4. Progress Monitoring & Certification: We monitor the application progress and provide you with the official certificate of registration once your trademark is successfully registered.

    The SME FUND 2025 offers financial support to small and medium enterprises, making trademark registration more accessible and affordable. Let us handle the paperwork while you focus on growing your business!

    Haven’t trademark name yet? Please search avaiable names.


    Final Thoughts

    The SME Fund 2025 is here to make it easier for you to protect your business and build a stronger, more competitive future. Don’t miss out on this fantastic opportunity to secure your trademark with a 75% discount. Apply on 9th February 2025 and set your business up for success in the coming year!

    Happy registering, and best of luck with your business growth! 🌟

    Apply for SME FUND 2025 here


     

    Read more

    Write For Us + Consulting, Taxes – Partnership 2025

    Write for Us on Eesti Consulting

    At Eesti Consulting, we help individuals and businesses with company formation, trademark registration, and more. We support you through the whole process, from getting your e-Residency card to registering your company and VAT.

    We also assist with trademark registration, including applying for the SME FUND 2025 voucher, assessing trademark risks, and filing with the EUIPO or local patent offices. Additionally, we help you set up Estonian bank accounts to ensure your business runs smoothly.

    We’re also looking for journalists, bloggers, and individuals with outreach experience who are interested in publishing guest posts or articles on our blog. If you have expertise in business, trademarks, or related fields, we’d love to collaborate with you and share valuable insights with our audience. Reach out to us if you’d like to contribute and be featured on our platform!

    So….write for us!

     

    What We’re Looking For

    We’re accepting guest posts on a variety of topics that will help our audience thrive in today’s business world. If you have expertise in any of the following niches, we’d love to hear from you:

    1. Write for Us + Accounting

    Share your knowledge of accounting best practices, financial management, and tax tips for small businesses. Help entrepreneurs understand the essentials of managing their finances effectively.

    2. Write for Us + Digital Nomad

    If you live the digital nomad lifestyle or have advice on how to manage business while traveling, we want your insights! Share your experience on the best countries to work remotely, how to handle finances as a digital nomad, and more.

    3. Write for Us + Taxes

    Taxes can be tricky for small business owners and entrepreneurs. If you have tips on tax planning, tax-saving strategies, or how to stay compliant with tax laws, your guest post will be a huge asset to our audience.

    4. Write for Us + Consulting

    Consulting is essential for many business owners. If you have experience in business strategy, management consulting, or coaching, share your tips with our readers to help them improve their operations and grow their businesses.

    5. Write for Us + Company Formation

    Help entrepreneurs understand the steps and requirements for setting up a business. Share tips on choosing the right business structure, navigating legal requirements, and registering a company.

    Why Write for Us?

      • PR Mention: We will mention you in our PR channels, giving you extra visibility for your contribution.
      • Dofollow Links: You’ll receive one or two dofollow links back to your website, boosting your SEO and online presence.
      • Build Personal Branding: Writing for us is a great way to establish yourself as an authority in your field and build your personal brand.

    How to Contribute

    Interested in guest posting? It’s simple! Just send your guest post or article proposal to contact@eesticonsulting.ee. Please include:

      • A brief bio about you and your expertise
      • A summary of the topic you’d like to cover
      • Links to any previous work you’ve written (if applicable)

    We’re excited to read your guest post and share it with our community. This is a great opportunity to showcase your knowledge and help others succeed in their business endeavors.

    Get Started Today!

    At Eesti Consulting, we’re passionate about providing helpful insights for entrepreneurs, small businesses, and digital nomads. If you’re ready to share your expertise and contribute to our community, we invite you to write for us today!

     

    Read more
    Tax Changes in Estonia 2025

    Tax Changes in Estonia (2025)

    Estonia is making important tax changes in 2025. These updates will affect everyone individuals, businesses, and consumers. Here’s a simple overview of tax changes in Estonia in 2025 year.

    Income Tax and Corporation Tax Changes in 2025

    Starting January 1, 2025, income tax will increase from 20% to 22% for both people and companies. Also, businesses will no longer have the option to pay a lower 14% tax on regular profit payouts. This means companies will pay more tax on their profits.

    Starting in 2026, all taxpayers will benefit from a universal tax-free income of €700 per month. For pensioners, the tax-free threshold will be €776 per month in 2025

    VAT Changes in 2025

    From July 1, 2025, the standard VAT rate will increase from 20% to 22%. Specific sectors will see bigger changes:

      • Hotels: VAT will go up from 9% to 13%, making stays more expensive.
      • Newspapers: VAT will increase from 5% to 9%, which could raise subscription and advertising costs.

    Value Added Act: https://www.riigiteataja.ee/en/eli/527022014003/consolide

    Land Tax

    The method for calculating land tax will be revised. Agricultural land will be taxed at a rate of up to 1 percent of its value, while other types of land may be taxed up to 2 percent. Local governments will determine the specific rates.

    Car Tax – Changes in 2025

    A new car tax will start on January 1, 2025. Every car owner will need to pay a base tax of €50, plus extra depending on their car’s weight and CO2 emissions. This tax aims to encourage the use of environmentally friendly vehicles.

    Excise Duties – Changes in 2025

    Taxes on specific items will also increase:

      • Fuel: Excise tax on gasoline will rise by 5% every year, starting in 2025.
      • Cigarettes: The tax on cigarettes will increase in two steps, in January and July 2025, making them more expensive.

    Simplified Rules for micro companies in the EU

    Currently, businesses must register for VAT in any other EU country as soon as they earn revenue there. Without registration, they are limited to operating within local thresholds (e.g., €40,000 in Estonia).

    In the future, businesses will be able to operate across EU member states without VAT registration until their total EU-wide turnover reaches €100,000. They will still need to submit a declaration to the Estonian Tax and Customs Board.

    Estonia’s 0% Corporate Tax: No Tax on Profits Left in the Business

    In Estonia, companies don’t have to pay tax on the money they keep in the business. If a company makes a profit and decides to reinvest it, no tax is owed. This makes it easier for businesses to grow and improve.

    However, if the company decides to pay out profits to the owners or shareholders, they must pay 20% tax on that money. The tax only applies to the money that is taken out of the business, not what is kept inside.

    This system encourages companies to keep their profits and invest them in growing the business, rather than paying taxes right away.

    The Summary of Tax Changes in Estonia in 2025

    In 2025, there will be several important tax changes in Estonia. The income and corporation tax rate will increase from 20% to 22% starting January 1, 2025, for both individuals and companies. Additionally, businesses will no longer have the option to pay a lower 14% tax on regular profit payouts, meaning higher taxes on profits.

    The VAT rate will also rise from 20% to 22% starting July 1, 2025, with specific sectors like hotels seeing an increase from 9% to 13% and newspapers from 5% to 9%.

    The land tax calculation will change, with agricultural land taxed up to 1%, and other types of land up to 2%, determined by local governments. A new car tax will be introduced on January 1, 2025, with a base tax of €50, plus additional charges based on the car’s weight and CO2 emissions.

    Excise duties will also rise, with the excise tax on gasoline increasing by 5% annually, starting in 2025. Cigarette taxes will be increased in two stages during 2025, making them more expensive.

    In terms of VAT, micro companies will benefit from simplified rules, allowing them to operate across the EU without VAT registration until their turnover reaches €100,000.

    Finally, Estonia’s 0% corporate tax policy means companies will not pay tax on profits left within the business. Taxes are only due when profits are paid out to owners or shareholders, at a rate of 20%. This encourages companies to reinvest their profits rather than pay immediate taxes.

    Notably, Estonia is ranked #1 in the Tax Foundation’s ranking of business-friendly tax systems, further highlighting its appeal for businesses.

    How Eesti Consulting Can Help e-Residents and Other Clients

    Eesti offers valuable support to e-Residents and other clients through a variety of services, making business operations in Estonia easier and more efficient. Here’s how they can help:

      • Consultation Services: Eesti provides expert advice on starting and running businesses in Estonia, helping entrepreneurs understand local laws, choose the right business structure, and navigate compliance requirements.
      • VAT Registration: They assist businesses in registering for VAT with the Estonian Tax and Customs Board (EMTA), ensuring that you meet VAT obligations and understand related rules.
      • Accounting Services: Eesti offers professional accounting services, helping businesses manage their finances, file taxes, and stay on top of financial reporting.
      • Administration Services:  We provide legal address and contact person as well.

     

    Read more
    Verify VAT EU Number

    How to Verify VAT EU Number on VIES?

    Read this artcile How to verify VAT EU Number or Just Use your VAT Checker Tool.

    Verifying a company’s VAT status within the European Union is a crucial step for businesses to ensure compliance and maintain smooth cross-border transactions. The VIES (VAT Information Exchange System) website offers a straightforward way to check if a company is VAT registered. Whether you’re looking to perform a VAT number check by company name, conduct a VIES VAT number check, or simply find a VAT number, this guide will walk you through the process. We’ll also touch on the use of the EORI checker and provide a VAT number example for clarity. Read on to learn how to check if a company is VAT registered without a VAT number and ensure your business dealings are above board.

    List of eligible countries for VAT checks:

    🇦🇹 Austria 🇧🇪 Belgium 🇧🇬 Bulgaria 🇭🇷 Croatia 🇨🇾 Cyprus 🇨🇿 Czech Republic 🇩🇰 Denmark 🇪🇪 Estonia 🇫🇮 Finland 🇫🇷 France 🇩🇪 Germany 🇬🇷 Greece 🇭🇺 Hungary 🇮🇪 Ireland 🇮🇹 Italy 🇱🇻 Latvia 🇱🇹 Lithuania 🇱🇺 Luxembourg 🇲🇹 Malta 🇳🇱 Netherlands 🇵🇱 Poland 🇵🇹 Portugal 🇷🇴 Romania 🇸🇰 Slovakia 🇸🇮 Slovenia 🇪🇸 Spain 🇸🇪 Sweden

    Verify European Company on VIES

    1. Go to our VAT Checker Tool.
    2. Input above data – choose suitable Country Code + VAT Number belonging to a company
    3. Click Verify and check the status of VAT Number.

    Verify UK VAT Number on Gov.uk 

    As of January 1, 2021, you can’t validate UK (GB) VAT numbers on the VIES website anymore. For Northern Ireland, use the “XI” option in the drop-down menu. For UK (GB) VAT numbers you can check it here https://www.gov.uk/check-uk-vat-number

    VAT Checker for EU Companies Only

    How it works in Estonia?

    Get a VAT Number in Estonia with simply steps

    Step 1: 🌐 Start by applying for an e-Residency card, which allows you to establish and manage an EU-based company online. This digital ID enables you to access various business services remotely.

    Alternatives:  Buy ready made company or register a company by notary public.

    Step 2: 📍 Select a convenient pick-up location in your home country for collecting your e-Residency card. This is typically a local embassy or consulate.

    Step 3: 🤝 Partner with a reliable service provider such as Eesti Consulting. We offer legal address services, a contact person, and comprehensive company registration assistance to help you set up your business efficiently.

    Step 4: 🏢 Start a company in Estonia. After receiving your e-Residency card, you can register your company online. Choose your company’s name and fill out the required forms. The process is straightforward and can be completed in a few steps.

    Step 5: 💼 Register your company for VAT. Once your company is set up, apply for a VAT number to comply with tax regulations. This allows you to charge VAT on your sales and reclaim VAT on your business expenses.

    Verify VAT Number in Estonia 

    1. Just visit the Commercial Register page and check “VAT Information” section or visit EMTA website.

    Did you hear that there is no TIN Number in Estonia? TIN number is Tax Identification Number.

    Read more
    5 remote businesess

    5 Remote Business Ideas from home

    Want to start a remote business in the first half of 2024? Whether you’re an e-Resident or not, explore our business ideas for launching a remote business from home.

    I’ll share 5 exciting remote business ideas that you can start right from your home. Sounds interesting? Read on.

    Remote Business from home + e-Residency Card

    Why Estonia is worth Your Attention?

        • Estonia is a good place to start a business , because offers 0% Corporation Tax advantage

        • You can pick-up your e-Residency card in your home country

        • Run a home business with e-Residency Card within 2-3 hours

        • Save on accounting services due simplified tax and accounting regulations

        • Join e-Residency Marketplace and find business partners

      • Join Koda.ee Association and FB group , where the people like you started his business with a success

    IDEA 1: Start Consulting Company from home

    A consulting company provides expert advice and specialized services to businesses, organizations, and individuals. These services can include business strategy, management, marketing, finance, IT, legal, and more. Consulting companies help clients solve problems, improve efficiency, and achieve their goals by leveraging their expertise and industry knowledge.

    An example of a consulting company is Eesti Consulting. We provide legal advice to clients, offer accounting services, assist in applications for licenses, help with company incorporation, and provide procedures and advice on how to promote on the Estonian market and gain first clients.

    Is it possible to start a consulting business directly from home? Yes, if you establish a company in Estonia and have an active e-Residency card. You can avoid visiting the tax office, notary public, and banks if you have an e-Residency card at home.

    Don’t forget to create a professional business cards to establish credibility and network effectively in your consulting endeavors.

    Explore list of benefits of company in Estonia and cost of company registration.

    IDEA 2:  Start Link Building Agency from HOME

    A Link Building Agency is a business that specializes in creating and managing backlinks for clients’ websites. This involves acquiring high-quality links from other websites to improve the client’s search engine rankings (SERP) and online visibility.

    You can start a Link Building Agency from home because this business model doesn’t require your physical presence. You can sell packages of links, niche edits, and guest posts. By linking to unique brands and URLs, you help those brands grow and achieve high SERP positions.

    It’s challenging to find clients at the initial stage, but to start and earn your first income, you need to contact bigger SEO consultancy agencies and collaborate with them on B2B terms.

    IDEA 3:  Build AI No-code APPS from home

    In the past years, I’ve seen many ads like: ‘Learn how to gain skills to create websites within 3 months – we guarantee employment for you.’ Now, in mid-2024, learning new skills may be a waste of time. To start a business, you can use no-code apps.”

    Examples of no-code apps include:

        • Wix for website building

        • Bubble for web applications

        • Airtable for databases

        • Zapier for automating workflows

      • Shopify for e-commerce stores

    How To Find Your First Customers?

    To start a business, you can use no-code apps and find your first customers on popular marketplaces. Examples include:

        • Fiverr for freelance services

        • PeoplePerHour for project-based work

        • Upwork for a variety of freelance jobs

        • Freelancer for global projects

        • Guru for professional services

      • Toptal for top talent in specific fields

    IDEA 4:  Become Amazon Seller 

    If you own a brand or have a trademark, you should consider enrolling in the Amazon Brand Registry. This program helps protect your brand, provides enhanced tools for brand owners, and makes it easier to manage your listings and address issues related to intellectual property.

    Benefits of Amazon Brand Registry:

        • Brand Protection: Protect your brand from counterfeiters and unauthorized sellers.

        • Enhanced Brand Content: Use advanced features to create richer product listings.

      • Improved Analytics: Access detailed reports on your brand’s performance.

    Prepare Your Product Listings

    Creating compelling product listings is key to attracting buyers. Your listing should include a clear and descriptive title, high-quality images, and detailed product descriptions. Make sure to include relevant keywords to optimize your listing for Amazon’s search engine.

    Fulfill Your Orders

    Decide how you want to handle inventory and fulfillment. Amazon offers two main options:

        • Fulfillment by Amazon (FBA): Amazon stores, packs, and ships your products for you. This option also makes your products eligible for Amazon Prime and other benefits.

      • Fulfillment by Merchant (FBM): You handle storage, packing, and shipping of orders yourself.

    Pros of FBA:

        • Amazon handles logistics and customer service.

        • Access to Amazon Prime customers.

      • Faster shipping times.

    Pros of FBM:

        • More control over inventory and shipping.

      • Potentially lower fees if you have your own storage and shipping setup.

    7. Promote Your Products

    Effective marketing can drive traffic to your Amazon listings and increase sales. Consider using Amazon’s advertising tools such as Sponsored Products or Sponsored Brands to boost visibility. Additionally, leverage social media, email marketing, and other online marketing strategies to reach a wider audience.

    Marketing Strategies:

        • Amazon Advertising: Use Sponsored Products or Sponsored Brands to increase listing visibility.

        • Social Media: Promote your products on platforms like Instagram, Facebook, and Twitter.

      • Email Marketing: Build an email list and send promotions or updates to potential customers.

    Monitor and Optimize Your Performance

    Regularly review your sales data and customer feedback to identify areas for improvement. Amazon provides detailed analytics and reports to help you track your performance. Use this information to optimize your listings, adjust pricing, and enhance your marketing efforts.

    By following these steps, you’ll be well on your way to becoming a successful Amazon seller. Start with thorough research, set up your account, choose the right products, and focus on delivering a great customer experience. With dedication and strategic planning, you can build a thriving business on Amazon.

    IDEA 5:  Start your dropshipping business

    Ultimate Dropshipping Startup Checklist

        1. Business Idea and Niche Selection 📦
            • Choose a unique business name to facilitate future trademark registration. Consider focusing on a niche with growth potential, like eco-friendly products or tech gadgets.

        1. Market Research 📊
            • Analyze your competitors to understand their strengths and weaknesses. Conduct a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) to identify market gaps and opportunities.

        1. Supplier Selection 🏷️
            • Research and select reliable suppliers who offer quality products and good shipping terms. Examples include AliExpress, Oberlo, and SaleHoo.

        1. E-commerce Platform 🌐

        1. Online Store Setup 🛒
            • Add products to your store, including high-quality images and detailed descriptions. Organize your store for an intuitive shopping experience.

      1. Domain Name 🌍
          • Register a memorable and relevant domain name for your online store. Consider using domain registrars like GoDaddy or Namecheap.

        1. Payment Gateway 💳
            • Set up a payment gateway to process transactions. Popular options include PayPal, Stripe, and Square.

        1. Marketing Plan 📣
            • Develop a marketing strategy to attract customers. Utilize social media, SEO, email marketing, and paid advertising or just a order link building package.

        1. Shipping and Returns Policy 🚚
            • Define clear shipping and returns policies. Ensure you communicate these policies clearly on your website to build trust with customers.  Did you think about selling digital products or ebook?

        1. Branding and Design 🎨
            • Create a strong brand identity with a logo, color scheme, and design elements that reflect your business values and appeal to your target audience.   Are you not familiar with XHTML, CSS and PHP?  Just try to find AI Tools that help you with building your first website in minutes!

      1. Analytics Tools 📈
          • Use analytics tools like Google Analytics or Shopify Analytics to track your store’s performance and make data-driven decisions.  If your online store is weak and no sale?  Just invest in conversion optimization of your online store.

    Steps to Launch an Estonian Company for your Home Buisness

    Apply for an e-Residency Card

      • Start by applying for an e-Residency card, which allows you to establish and manage an EU-based company online. This digital ID enables you to access various business services remotely.

    Choose Your Pick-Up Location in Your Home Country

      • Select a convenient pick-up location in your home country for collecting your e-Residency card. This is typically a local embassy or consulate.

    Choose Your Business Partner, Like Eesti Consulting

      • Partner with a reliable service provider such as Eesti Consulting. We offer legal address services, a contact person, and comprehensive company registration assistance to help you set up your business efficiently.

    Apply for a Trademark

      • Secure your brand by applying for a trademark. This step protects your business name, logo, and other brand elements from unauthorized use.

    Register a Domain Name

      • Choose and register a domain name that reflects your business. This will be your online address and is crucial for establishing your digital presence.

    Create a Website and Social Media Channels

      • Develop a professional website and set up social media profiles to showcase your business. These platforms are essential for reaching and engaging with your target audience.

    Promote Your Business and Have Fun!

      • Implement marketing strategies to promote your business, such as online advertising, content marketing, and networking. Enjoy the process of building and growing your venture!

    Read more
    Show me your ID

    How To Proof of Address & Identity for a bank account purpose?

    If you’re new to business, it might surprise you that companies like Eesti Consulting or banks may ask for your confidential documents, like a passport copy or an identity card. You might also be asked for additional documents, such as a utility bill (for gas, electricity, etc.). Banks and other institutions verify these documents to make sure everything is in order and to prevent fraud. But why is this needed?

    Upload Your Proof of ID & Address

    Proof of ID – How to Confirm ID?

    Proof of ID is a document or set of documents used to confirm your identity. This is often required to verify that you are who you say you are, especially in contexts like opening a bank account, applying for a loan, or completing legal transactions.

    Examples of Proof of ID:

    Document Type Description
    Passport A government-issued document that confirms identity and nationality.
    National ID Card An official identification card issued by the government of your country.
    Driver’s License A state-issued card that authorizes you to drive and also serves as an ID.
    Birth Certificate An official document issued at birth that confirms your identity and birth details.
    Resident Permit A document that confirms your legal residency status in a country.

    Proof of Address

    Proof of address is a document that confirms your current residential address. It is often required to verify your place of residence for purposes such as setting up utility services, applying for credit, or registering for various programs.

    Examples of Proof of Address:

    Document Type Description
    Utility Bill A bill from a utility company (e.g., electricity, water, gas) that shows your address.
    Bank Statement A bank statement from your bank that includes your name and address.
    Lease or Rental Agreement A contract between you and your landlord showing your address.
    Recent Tax Return A copy of your most recent tax return, which includes your address.
    Official Government Correspondence A letter from a government agency that includes your address.

    Both Proof of ID and Proof of Address are critical for ensuring that individuals are properly identified and their residential details are accurate, which helps in maintaining secure and reliable transactions and communications.

    How Revolut verifies Proof of Address?

    Revolut requires proof of address to set up your account. If you’ve formed an Estonian company and want to open a bank account, you’ll need to provide specific documents.

    You’ll receive a request via email, push notification, and a banner on your home screen. Follow the instructions to upload your document.

    Ensure the document is issued by a government authority, utility company, or financial institution, and that it matches your Revolut account details. The document should be clear and show the entire page. Only PDFs or photos of physical documents are accepted; screenshots are not.

    Prepare these documents to complete the verification process smoothly.

    Revolut verifies your ID and address

     

    Proof of Address for WISE Bank Account

    Accepted Documents for Proof of Address (more on Wise website)

    Utility bills (gas, electricity, or landline phone bills – mobile phone bills are not accepted)

    Tenancy or rental agreement

    Bank or credit card statement (scan/photo of a physical letter or a PDF statement)

    Council tax bill or HMRC notification

    Vehicle registration or tax document

    Photo driving license showing your address and expiry date

    Any document issued by a government agency or financial institution

    Can I open Estonian Company without proof of ID and Address?

    You are e-Residents with your Digital ID. You can use this card and put your signature eveywhere, but it’s not possible to open company without proof of ID and proof of address due KYC/AML regulations, that we need to follow.

    We can ask you for other details like:

    🤝 Business partners / clients

    📈 Your business model

    🏢 Nature of business

    🌐 Website

    🇪🇪 Reason for choosing Estonia

    10 Steps to Starting a Company in Estonia.

     

    STEP 1: Find a service provider like Eesti Consulting 🤝. Look for a reliable partner to help you set up your Estonian company. Eesti Consulting is a recommended option.

    STEP2 :Set up your Estonian company 🏢. Complete the registration process with the Estonian Business Register to officially establish your business.

    STEP 3: Upload your proof of ID 📜. Provide a clear copy of your identification document, such as a passport, to verify your identity.

    STEP 4: Upload your proof of address 🏠. Submit a recent utility bill (gas, electricity, etc.) dated within the last 3 months to confirm your residential address.

    STEP 5: Fill out the KYC / AML form

    STEP 6: 📝. Complete the Know Your Customer (KYC) and Anti-Money Laundering (AML) forms as required by regulatory authorities.

    STEP 7: Receive documents related to your company 📑. Obtain all official documents concerning your newly established company, including registration certificates and other important papers.

    STEP 8: Apply for a bank account 🏦. Open a business bank account to manage your company’s finances. This will involve providing your company documents and proof of identity.

    STEP 9: Start your business 🚀. Begin operating your business, using all the established tools and accounts to launch and grow your enterprise.

    STEP 10: Apply for a Trademark Registration with SME FUND 2024 Grant and Save 75% on EUIPO Fees.

     

    Read more

    TIN Number or Registry Number or Personal Code – What?

    TIN Number

    In the context of Estonia 🇪🇪, a TIN (Taxpayer Identification Number) is a unique identifier assigned to individuals or entities for tax purposes. It is used by the Estonian Tax and Customs Board (ETCB) to track and manage tax obligations. The TIN is required for activities such as filing tax returns, making payments, and dealing with any other tax-related matters. In Estonia, the TIN is typically the personal identification code for individuals or a unique business registration number for companies.


    Does TIN number exist in Estonia?

    In Estonia, there isn’t a traditional TIN as you might find in other countries. Instead, businesses and individuals use different identifiers for various purposes.


    Registry Code instead of TIN Number

    For companies, the essential identifier is the 8-digit company registration code. This code is assigned to every registered business and serves as the primary means of identification across all institutions and services in Estonia.


    Registry Code in Estonia

    For individuals, the equivalent is the 11-digit personal identity code, or isikukood. This number uniquely identifies individuals and is used extensively in both personal and professional contexts.


    Personal Indetification Code or Personal Number of Board Member



    If you are requested to present a unique taxpayer number (sometimes called a TIN) somewhere outside Estonia, the company registration code is typically the number you should provide. Similarly, if you are asked for a VAT registration number, note that in Estonia, it is not mandatory to have one unless your company exceeds certain revenue thresholds.


    Who Can Ask You For TIN Number?

    A TIN number, or its equivalent, is often required by banks (WISE, Revolut, Paysera, Payoneer) or other foreign institutions to identify your company accurately. This number helps streamline various processes such as opening bank accounts, applying for loans, and complying with international tax regulations.

    Sometimes you can be asked for a TIN Number by EUIPO when you register a trademark and apply for an SME FUND 2024 Grant. In the application, they ask about your Tax Identification Number. So, if there is no Tax Identification Number in Estonia, you can simply enter the Registry Code if your company trades below the VAT threshold or enter the VAT Registration Number.


    Order Original Corporate Documents with TIN Number

    As you know, you can visit the Commercial Register website to verify a company registered in Estonia by typing its Registry Code or name.

    If you wish to obtain an original package of documents confirmed by a notary stamp or with an Apostille, just contact Eesti Consulting and request this service.

    How To Verify TIN Number in Estonia?

    #Approach 1: Use the Estonian Tax and Customs Board (ETCB) Portal

    The ETCB provides an official online service to check the validity of a TIN.

    Steps:

    Go to the ETCB website: https://www.emta.ee

    Navigate to the “e-Services” section.

    Choose the “Check TIN” or similar option.

    Enter the TIN number you wish to verify.

    The system will confirm if the TIN is valid or not, and provide any additional details if available.

    #Approach 2:

    Verify Through the Business Register

    You can verify a TIN for companies through the Estonian Business Register.

    Steps:

    Visit the Estonian Business Register: https://ettevotjaportaal.rik.ee

    Search for the company using the TIN or company name.

    The search will return details about the company, including its TIN, registration status, and other key information.

    #Approach 3:

    Request Confirmation from the Individual or Business

    If you need to verify a TIN in a more direct way, you can request the taxpayer to provide official documentation that includes their TIN. This could include:

    • Tax Returns: Personal or business tax documents that display the TIN.
    • VAT Registration Certificate: If the entity is registered for VAT, their VAT certificate will show the TIN.

    #Approach 4:

    Check Through EU VAT Information Exchange System (VIES)

    If the TIN is for a business entity in Estonia that is VAT-registered, you can use the VIES system to check the VAT number, which acts as the TIN for VAT purposes.

    Steps:

    Visit the VIES website: https://ec.europa.eu/taxation_customs/vies/

    Select Estonia as the country.

    Enter the VAT number (TIN) and press “Verify.”

    You’ll receive confirmation on whether the VAT number (TIN) is valid or not.

    #Approach 5:

    Contact the Estonian Tax Authority Directly

    If other methods fail or if you need more detailed information, you can contact the Estonian Tax and Customs Board directly for verification.

    Contact Information:

    Phone: +372 880 0811

    Email: info@emta.ee

    You can inquire whether a specific TIN is registered and valid, but keep in mind that personal or business privacy regulations may limit the details available.

    Conclusion

    In Estonia 🇪🇪, the Taxpayer Identification Number (TIN) is a crucial tool for managing tax obligations, both for individuals and businesses. It serves as a unique identifier, ensuring that tax authorities can accurately track and manage tax affairs. Whether you’re verifying a TIN for personal or business purposes, Estonia offers various ways to confirm its validity, including using the Estonian Tax and Customs Board (ETCB) portal, the Business Register, or the EU VAT Information Exchange System (VIES). Always ensure that the TIN is valid and correctly registered to avoid any issues with compliance or tax reporting.

    Read more

    Starting a business in Estonia as a foreigner

    Starting a company in Estonia as a foreigner is a fantastic opportunity because the country is very welcoming to international entrepreneurs. Estonia’s advanced digital systems and supportive government policies make it easy for foreigners to set up and run a business.

    Foreigners have the right to open a company in Estonia, even if they don’t live there. This is possible through Estonia’s e-Residency program. With e-Residency, anyone in the world can get a digital ID that allows them to register and manage a company online. The process is simple and quick, allowing entrepreneurs to access Estonia’s business-friendly environment and the European market without much hassle.

    Estonia for Foreigners

    Estonia is an ideal place to start your first startup because 99% of the population uses the internet regularly. The country also ranks #1 in the Tax Foundation Rankings, making it attractive for business from a tax perspective.  Additionally, Estonia has developed high-quality e-banking services that encourage people to get online, embrace e-governance, and use e-ID. These factors make Estonia a perfect hub for digital businesses and innovation.

    Estonia’s commitment to making business easy for everyone, including foreigners, makes it an attractive place to start and grow a company.

    Advantages of Having Company in Estonia for Foreigner

    Estonia offers significant tax advantages for businesses, making it an attractive destination for startups and entrepreneurs. One of the most appealing aspects is the 0% tax on retained and reinvested profits. For example, if your startup does not pay out dividends to company shareholders and instead reinvests the profits back into the business year after year, there is no corporate tax to pay. Your startup benefits from a 0% tax rate on these reinvested profits, allowing for more capital to fuel growth and innovation.

    When it comes to distributed profits, Estonia has a tax rate of 14-20%. This tax applies when the company pays out profits to its shareholders. Despite this, the overall tax burden remains favorable compared to many other countries.

    Moreover, Estonia’s tax system is highly efficient and user-friendly. An impressive 98% of taxes are declared electronically. Using your e-ID card or Smart ID, you can easily file VAT returns, submit annual reports, or apply for special licenses for your business. Filing a personal tax declaration can be done in just three minutes, showcasing the convenience and speed of Estonia’s digital infrastructure.

    Additional benefits of Estonia’s e-Residency and digital governance include:

    Encryption and Decryption: With your e-Residency card, you can encrypt and decrypt your corporate documents, ensuring secure communication and data protection.


    E-Notary Public System: You can conclude agreements using the e-Notary public system via teleconference software. Unlike other EU countries where you must visit a local notary public office, in Estonia, this process can be completed remotely if both parties are e-ID card holders.


    Investment Company Flexibility: You can create an investment company with multiple shareholders, and the transaction of purchasing shares is simplified without the need for a notarial meeting.


    Quick Certificate of Tax Residency: Obtaining a certificate of tax residency is efficient, taking only 1-2 business days.


    Simple Process of a Trademark Registration with EPA Office. 

    These advantages, combined with Estonia’s supportive business environment and advanced digital infrastructure, make it an ideal location for starting and growing a company

    Company for foreigners: 2 approaches

    Simple Checklist:  Register company by e-Residency Card

    Apply for e-Residency Card

    Complete the application online.

    Pay the state fee.

    Choose Your Pick-Up Point

    Select where you will collect your e-Residency card.

    Receive Card

    Collect your e-Residency card from your chosen pick-up point.

    Find Service Provider

    Set up a legal address and contact person for your company.

    Run Your Company

    Choose your business name.

    Note: The company name cannot be similar to existing ones and must be unique. Check the Trademark Registration Database to ensure the name is available. The Commercial Register (RIK) does not allow the registration of a company name that is already trademarked.

    Simple Checklist: How to Form a Company with a Notary Public

    If you live outside of Estonia and there are no pick-up points available in your country, you might need to travel thousands of kilometers to receive your e-Residency card. Don’t have the time or money for traveling? You can also register a company fully remotely using a notary public with the assistance of Eesti Consulting.

    Documents Required:

    1. Power of Attorney Notarized and apostilled, issued in your home country.
    2. Certified Translation of Power of Attorney From your home country’s language to Estonian. We can help you with this.
    3. Other Documents
    4. Passport copy
    5. Utility bill
    6. Filled KYC/AML form (We will check your business background).

    It takes some time, but we can incorporate a company for you smoothly and without any rush!

    Summary

    Starting a company in Estonia as a foreigner is straightforward and beneficial. The e-Residency program allows you to set up and manage a company online without living in Estonia. This is especially great for businesses like SEO agencies, IT professionals, webdesigners since almost everyone in Estonia uses the internet, and the country has top tax rankings.

    Estonia offers a 0% tax on reinvested profits, meaning you pay no corporate tax if you don’t distribute dividends. The tax on distributed profits is between 14-20%. Most taxes are declared electronically, making the process quick and easy.\

    If you can’t travel to pick up your e-Residency card, you can still register your company remotely with a notary public through Eesti Consulting. This involves a few documents like a notarized Power of Attorney, a certified translation, and some personal identification.

    In conclusion, Estonia’s business-friendly environment, advanced digital services, and favorable tax policies make it an excellent place for foreigners to start and grow a company.

    Read more
    Eesti Consulting Pricing

    Costs of Estonian Company in 2024

    Ah… Estonia, Your Perfect Choice! 🌟

    Estonia offers a great business environment with advanced digital services and a unique e-Residency program. It’s known for its efficient tax system and ease of company registration, making it a top choice for entrepreneurs around the world. Studies show that foreign investors value Estonia’s stable and secure economy, thanks to its strong political and economic foundation. The country’s fair tax system and business-friendly policies make it a competitive place to register a company.

    Investors often praise Estonia’s tax benefits. The country is ranked #1 globally for tax competitiveness. Key advantages include no corporate income tax on retained and reinvested profits and a 14-20% tax on distributed profits. Taxes can be filed entirely online, and there are several grants and incentives available for foreign investors looking to register a company.

    Why e-Residency Card reduces registration costs?

    From an advisor’s perspective, using the e-Residency card can help you cut costs when setting up a company in Estonia. Firstly, it avoids the high fees you’d pay for a notary. Secondly, it saves time, as forming a company through a notary usually takes 5-7 business days for updates. Finally, e-Residency lets you complete everything online and instantly, making the process much smoother.

    Company Liquidation with e-Residency Card

    Company Registration Fees in Estonia

    Understanding the costs associated with company registration in Estonia is crucial. Here is a detailed breakdown of the different registration methods and their costs.

    Registration by e-Residency Card

    An e-Residency card is a digital ID card provided by Estonia. It allows people from anywhere in the world to access Estonian online services, start and manage a business online, and sign documents electronically.  Haven’t e-Residency card yet? Just choose apply here.

    Service Cost (€)
    State Fee for Company Registration €265
    Application for e-Residency €100-120
    Legal Address  €100
    Contact Person €100

    Registration by Notary Public

    A Notary Public from Tallinn is an official authorized to perform legal acts and certify documents in Estonia’s capital, Tallinn. They handle tasks like verifying signatures, authenticating documents, and assisting with property transactions, business registrations, and other legal matters.

    Eesti Consulting frequently conducts transactions using Tallinn’s notary with a Power of Attorney from our clients. We assist with company registration for clients who do not have an e-Residency card, handle paper Annual Reports, help sell or buy shares on behalf of companies, and fill in outstanding data for the Commercial Register (rik).

    Service Cost (€)
    State Fee €200
    Notarial Fees €50-200
    Legal Address €100
    Contact Person €100

    Registering a company through a notary public is another option, particularly for those who prefer or require in-person verification. This method includes costs such as the state fee, notary fees, legal address, and contact person services. Like the e-Residency registration, additional costs can include accounting services and business banking.

    Required Documentation 📑
    Power of Attorney – notarized and apostilled
    Proof of ID And Address

    The presence of the client is not required. All activities can be done fully remotely without the presence of the client. Our attorney will handle all tasks on behalf of the client using the e-Notary system.

    Eesti Consulting Pricing
    Cost of Opening Company with Eesti Consulting

    Buying a Ready-Made Company in Estonia

    Purchasing a ready made company is an alternative for those looking for a quicker start. This method involves buying an existing company that has already been registered. Costs include the purchase price, legal address, and contact person services. Additional optional costs might include accounting services and business banking.

    Service Cost (€)
    Cost of Ready-Made Company €2500
    Notarial Fees €350
    State Fees (RIK) €25
    Certified Translations of Power of Attorney €150

    Success of Lignogroup from Tallinn

    LIGNO is a platform and brand of wood products, dedicated to promoting sustainable goods globally. Offering over 700 items, LIGNO also specializes in custom wood products. LIGNO collaborates with designers, architects, the HoReCa sector, distributors, wholesalers, and private brands. Located in the ecologically pristine Ukrainian Carpathians, LIGNO‘s production facilities enable to manufacture large volumes of high-quality wood products efficiently.

    Ligno Group
    Ligno Brand – The World of Wood Products

    Conclusion

    Starting a company in Estonia involves various costs depending on the chosen registration method. Whether opting for the e-Residency card, notary public registration, or buying a ready-made company, understanding these costs will help you make an informed decision. Consider your business needs and preferences to choose the most suitable method for your venture in Estonia.

    Read more

    SimplBooks Accounting Software: Empowering E-Residents

    SimplBooks Accounting Software: Empowering E-Residents

    In today’s digital age, e-residency has revolutionized business ownership by enabling entrepreneurs to manage their companies remotely. SimplBooks, an intuitive accounting software tailored for small and medium-sized enterprises, is an ideal solution for e-residents seeking efficient financial management tools.

    Simplifying Financial Management

    SimplBooks offers a user-friendly interface designed to streamline financial tasks such as invoicing, expense management, and reporting. This accessibility makes accounting straightforward, even for users with limited financial expertise.

    Tailored for E-Residents

    Global Accessibility: E-residents can securely access their accounting data from anywhere with an internet connection, facilitating seamless cross-border business operations.

    Multi-Currency Support: SimplBooks accommodates international transactions by supporting multiple currencies, simplifying financial management for e-residents conducting business globally.

    Compliance with Regulations: SimplBooks helps e-residents in staying compliant with local tax regulations, providing tools to navigate international tax laws efficiently.

    Remote Collaboration: The software enables e-residents to share accounting data securely with stakeholders worldwide, enhancing remote collaboration and communication.

     

    Key Features for E-Residents

     

    E-Invoicing and E-Filing: SimplBooks facilitates digital invoicing and e-filing, reducing paperwork and administrative burdens for e-residents.

    Bank Integration: Seamless bank integration automates transaction imports and simplifies reconciliation processes, essential for e-residents managing finances remotely.

    Data Security: SimplBooks prioritizes data security with encryption and regular backups, ensuring the protection and privacy of users’ financial information.

    Continuous automatic updates: Over 50 software updates per year, or an average of one update per week, at no additional cost.

    Why Choose SimplBooks?

    SimplBooks offers e-residents:

    Efficiency: Automation of accounting tasks allows e-residents to focus on business growth.

    Accessibility: Cloud-based architecture ensures anytime, anywhere access to critical financial data.

    Affordability: Cost-effective pricing plans cater to businesses at different stages of growth.

    Trusted: Already more than 20,000 active users – entrepreneurs and accountants.

    Conclusion

    SimplBooks is more than just an accounting software—it’s a strategic ally for e-residents navigating global business operations. With its intuitive interface, robust features, and commitment to data security, SimplBooks empowers e-residents to thrive in the digital economy confidently. For the latest updates and detailed information about SimplBooks, visit their official website or reach out to their support team directly.

    Read more
    How to Register EU Trademark i 2024?

    How To Register EU Trademark in 2024?🌟

    Introduction to Trademark Guide

    In this article I’ll show you How To Register EU Trademark in 2024 in the EU 🇪🇺
    Keypoints:

    1. Definition of a Trademark
    2. Types of Trademarks: Wordmarks, Figurative Marks
    3. Creating an account on EUIPO website
    4. Risk Assesment & Preparation of an Application
    5. SME FUND 2024 Opportunity – Save 75% on EUIPO Fees
    6. Submitting an Application
    7. Examination & Opposition Proccess.

    Do It Yourself or Hire Eesti Consulting

    1. Go to Trademark Registration Offer
    2. Use “Readers20” discount code.

    What is a Trademark? 🔍

    A trademark is a unique sign, logo, symbol, word, or mix of these elements that helps identify and set apart the products or services of one business from others. It’s essential for creating a brand identity and protecting customers.

    Example 1:  Trademark registered for our company – Eesti Consulting

    Types of Trademarks 📚

    A trademark can include words, letters, numbers, shapes, colors, and sounds. The two main types of trademarks are word marks and figurative marks.

    Wordmarks 🛍️

    Wordmarks contain:  words, letters, numbers or other standard typographic characters. 

    Example of Wordmark registered with our assistance

    Advantages of a Wordmarks

    AdvantageDescription
    Name Protection 🔒Protects the name itself, not just the logo.
    Domain Safety 🌐Stops others from using similar names in domains.
    Rebranding Proof 🔄Stays valid even if you change the logo.
    Easy Proof of Use 📄Any use of the word counts, making it easy to prove.
    Strong Legal Defense ⚖️Easier to show someone violated your trademark.
    Less Copyright Issues ✍️Avoids copyright fights over logos.
    Ad Protection 🛡️Blocks competitors from using your trademark in Google Ads.
    Keywords:trademark registration, trademarks, trademark

    Figurative Marks 

    Example of a figurative trademark registered with Eesti Consulting 

    Figurative marks are trademarks that use unique characters, special designs, different layouts, or colors. They might only have pictures or a mix of words and pictures.

    Checklist for Trademark Registration in the EU (2024) 📝

    1. Identify your Trademark Type and Estimate Risks! 🔍

    Identify the Trademark Type: Choose between wordmark or figurative mark. Tip: If you plan to rebrand the logo in the future, it’s a good idea to choose a wordmark.

    Explore existing trademarks in the EU Database – e-Search Plus and prepare Risk Assessment.  Check similar names or logos and estimate the level of a risk. 

    TIP 💡 If you choose a wordmark, avoid using common or general names; otherwise, your application may be rejected. 

    Risk Assessment conducted by Eesti Consulting

    2. Start with the Trademark Application 🖋️

    1. Create a new user account on EUIPO website. 
    2. Choose the language of the application 
    3. Define type of a trademark: wordmark or a figurative mark (upload your logo)
    4. Prepare description of Goods or Services associated with your business under the Nice Classification.  You can use the TM Class Tool or simply check your competitors’ trademark in the EU database.
    5. Put your signature under the application and choose your role – “Applicant”.

    3. Get a 75% Fee back with SME FUND 2024 Program 📨

    The EU, in partnership with EUIPO and the European Commission, has initiated the 2024 Ideas Powered for Business SME Fund. This program offers vouchers for intellectual property to small and medium-sized enterprises (SMEs) across the EU. Last year, the fund saw a remarkable response with over 35,000 SMEs applying for assistance. Grants are distributed on a first-come, first-served basis throughout 2024 until the allocated funds are depleted.

    The SME Fund 2024 is tailored to aid SMEs in safeguarding their intellectual property rights by substantially reducing trademark registration fees by 75%. Below, you’ll find a table demonstrating the cost savings for Estonian entrepreneurs when registering a trademark in either the EU or Estonia.

    What does it mean for EU entrepreneurs? 

    Example of SME FUND 2024 voucher available for entrepreneurs

    Instead of paying 850€ fee for a trademark registration – You Pay only 212€, because 75% of fee paid to EUIPO will be returned to your bank account. 

    TIP 💡To have benefits from this scheme, you need first apply for a SME FUND 2024 Voucher. Don’t submit application before the application!

    4. Examination Process 🔍

    1. Now is the time for formal examination of your application.  EUIPO checks if the application meets formal requirements.
    2. They also check potential conflicts with other applications.
    3. If the application passes the examinations, it is published for opposition 📰.

    5. Opposition Period ⏳

    1. Third parties have three months to oppose the registration of your trademark. If no oppositions (90% of our clients) – your trademark will be successfully registered within next 3 months.  You will get the registration certificate and your intellectual property become valuable asset! 
    2. If third parties oppose application , it’s more complicated case
    Eesti Consulting – we started application on 03/08/2023 and after a long time on 23/05/2024 our trademark was registered! You can view our application here:

    https://euipo.europa.eu/eSearch/#details/trademarks/018741377

    Conclusion 🎯

    Registering a trademark in the EU involves several critical steps, from initial research to maintaining ongoing protection. Understanding the types of trademarks and following a systematic registration process ensures robust brand protection and legal security in the competitive market landscape of 2024.

    No Time for Application? Explore our offer – Use discount code “Readers20” and hire Eesti Consulting

    Read more
    Register logo as a trademark

    Register Logo as a Trademark for 212€ instead of 850€

    So, you’re new in the business! Congratulations! In this article, I’ll show you how to transform your LOGO into intellectual property assets! From zero to hero! Avoid the mistakes made by other entrepreneurs who used your logo, promoted brands, but failed to register their trademarks. They encountered issues with unfair competition. Let’s go and register Logo as a Trademark. No matter where your company is based.

    Checklist Item
    1. Create a logo – find a fully experienced designer on Peopleperhour.com or Fiverr.com.
    2. Choose a website template from themeforest.net.
    3. Start a company in Estonia.
    4. Register under SME FUND 2024 Program and Get the 1000EUR voucher for trademark registration (It allows reducing the state fee from 850 EUR to 212 EUR).
    5. Register a Trademark with Your Logo myself or with our assistance (Discount Code: READERS20 – it reduces our fees by 20%)
    6. Be patient and wait 2-3 months for the publication of your trademark!
    7. Get intellectual property assets!

    What is SME FUND 2024 Program?

    The SME Fund 2024 is a program tailored for small and medium-sized businesses aimed at reducing fees for trademark registration paid to EUIPO. The program is available online, and the number of vouchers is limited, operating on a ‘first come, first served’ basis.

    SME FUND 2024 has launched the 2024 Ideas Powered for Business SME Fund in collaboration with EUIPO and the European Commission. Last year, more than 35,000 SMEs applied for the fund, making it a significant success

     

    Logo – Ideas Powered for Business – SME FUND Program 

    Why Registration of a Logo as a Trademark is a MUST HAVE?

    In today’s digital world, it’s crucial to protect your unique ideas and creations legally. Your logo, as part of your brand identity, represents your business. By safeguarding it, you keep it safe from being copied or used without your permission. This ensures your brand stays special and recognizable. Plus, trademark protection gives you legal power if someone tries to misuse your logo, protecting all the hard work you’ve put into building your brand. Is your logo not registered as a trademark?

    N.B In this manner, it’s not considered an asset; it’s simply a logo. Without legal protection, it’s not safeguarded by the law, and you can’t include it in your accounting records. However, when you sell your business, the logo does impact the valuation of your brand.

    Apply for a SME FUND 2024 Step by Step

    You have 2 options:

    • Apply for a SME FUND 2024 Voucher & Trademark with Eesti Consulting using this code (20% of discount: READERS20)
    • Apply for a SME FUND 2024 myself using below checklist
    1. Register an account here and submit the application form.
    2. Before you apply, prepare the following documents:
    3. Be patient – You need wait min. 15 working days for approval
    4. Get an electronic decision delivered to your SME Fund Account.
    5. Apply for a Trademark Registration and choose the suitable variant registration – EUTM Easy Filing is dedicated to SMEs or individuals, particularly for those without a legal representative, while EUTM Filing is dedicated to IP experts (N.B. – Do not file a trademark registration form if you are unsure that your trademark is unique. Generic trademarks may be refused. Consider hiring Eesti Consulting to avoid potential losses.)

    The Value of a voucher is 1000€, but you have right to reduce all fees paid to EUIPO by 75% only. Example: Payable Fee: 850, Decution: 75% * 850 = 212,50 fee…

    The positive decision on action grant!

    How works SME FUND 2024 Grant voucher?

    With a voucher from the SME FUND 2024 program, you can enjoy a 75% reduction in the EUIPO fee. The voucher is valued at 1000€. Any remaining balance can be applied towards future trademark filings

    EU Trademark Registration 🇪🇺Without GrantWith Grant (75% reduction)
    State Fee850 €850 €
    Grant ReductionN/A-637.50 €
    Total Cost850 €212.50 €

    Table 1:    The Cost of Trademark Registration with and without grant.

    Reason Why Register My Logo as a Trademark

    Registering your trademark offers many perks for startups. First, it legally protects your brand by preventing competitors from using similar names or logos. Without registration, your logo isn’t considered an asset.   Once registered, your trademark becomes a valuable asset that can be sold or licensed.  Additionally, having a registered trademark boosts your company’s credibility and trustworthiness with customers, partners, and investors

    Get a 20% discount with Eesti Consulting

    1) Hire Us and Fill in the form of Trademark Registration.

    2) We apply for a SME FUND 2024 Grant – no voucher, no payment – no risk!

    3) We file a trademark application on behalf of your company to EUIPO.

    Regular Fee is 400€ for the whole process, but using this code you get 20% discount!

    READERS20

    VIDEO: How to Save on Trademark Registration Fees

    Read more
    Tax Foundation Ranking 2023

    Estonia has the world’s best tax system [2023] – Tax Foundation Ranking

    🌟 Estonian Tax System – Tax Foundation 2023 Ranking 🌟

    According to the Tax Foundation, Estonia has the best tax system in the world! 🌍 And you know what? It’s all because of four awesome things about their tax code:

    Features of Estonia’s Tax System
    1. No tax on profits companies reinvest 📈
    2. Flat 20% tax on individual income 💰
    3. Property tax only on land value 🏡
    4. No tax on foreign profits for Estonian companies 🌐
    Tax Advantages in Estonian Tax System [2023]

    In simpler words, Estonia’s taxes are super easy to understand and follow. Companies spend only five hours a year dealing with taxes, compared to a whopping 42 hours in other countries! 😲 Plus, they don’t have annoying property transfer taxes like many other places do. No wonder it’s the best!

    Low Tax Rates

    Low tax rates also make Estonia a great place to do business. Businesses here can grow and create jobs because they don’t have to deal with high taxes eating up their profits. That’s why Estonia’s economy grew by 8.3% last year, way faster than other countries in Europe! 🚀

    So, if you’re thinking about investing or starting a business, Estonia is the place to be. Their top-notch tax system will help you make the most of your money and beat those pesky inflation and energy prices! 💼💡

    Read more
    Firma zagranica a Podatki w Polsce

    Firma za granicą, a działalność w Polsce 🇵🇱

    Założenie firmy za granica jest możliwe nie tylko dla Polaków, dla mieszkańców Unii Europejskiej, a także dla osób, które mają miejsce zamieszkania w krajach trzecich, np. Indie. 

    Eesti Consulting kieruje oferte glownie do Polakow, ktorzy mieszkaja poza granicami swojego kraju.

    Mirek zalozyl firme za granica

    Mirek jest digital nomadem, ktory czesto zmienia swoje miejsce zamieszaknia. Przez kilka miesiecy mieszkal w Tajlandii , nastepnie udal sie do Buthanu , skonczywszy swoja przygode w polnocnej Norwegii

    Gdzie mieszkaja Polacy za granica?

    PaństwoLiczba Polaków
    Stany Zjednoczone 🇺🇸10,000,000 milionów
    Brazylia 🇧🇷3,000,000 milionów
    Niemcy 🇩🇪1,750,000 milionów
    Francja 🇫🇷1,000,000 milionów
    Kanada 🇨🇦1,000,000 milionów
    Wielka Brytania 🇬🇧743,000 tysięcy
    Argentyna 🇦🇷200,000 tysięcy
    Białoruś 🇧🇾1,000,000 milionów
    Australia 🇦🇺182,000 tysięcy
    Litwa 🇱🇹183,000 tysięcy
    Zrodlo: https://www.national-geographic.pl/artykul/polonia-na-swiecie-ilu-polakow-mieszka-za-granica

    2 hipotetyczne sytuacje prawne

    Obywatelstwo osobyMiejsce zamieszkania
    Polskie 🇵🇱W Polsce (Polski Rezydent Podatkowy)
    Polskie 🇵🇱Poza Polską – np. Rezydent Podatkowy USA 🇺🇸, Rezydent Podatkowy Hiszpanii 🇪🇸, Rezydent Podatkowy Chorwacji🇭🇷

    Prowadzenie firmy w Polsce jest związane z ponoszeniem wysokich kosztów administracyjnych takich jak: składki ZUS na ubezpieczenie społeczne (1485,31 zł miesięcznie bez chorobowego – źródło: Zakład Ubezpieczeń Społecznych), składka zdrowotna, nie mówiąc już o podatkach, które są de facto bardzo niskie w Polsce. Wiele osób pyta czy jest możliwe otworzenie firmy za granicą, a odprowadzanie podatku w Polsce. Nie ma na to odpowiedzi twierdzącej, ponieważ materia podatkowa jest bardzo skomplikowana.

    Jednakże jest wielu przedsiębiorców, którzy chcą prowadzić interesy poza granicami Polski i poszukują wsparcia w zakresie rejestracji firm zagranicznych.

    Jakie biznesy rejestruja firme za granica?

    1. Agencje reklamowe i marketingowe – Oferują kompleksowe rozwiązania marketingowe, w tym SEO, SEM i LinkBuilding.
    2. 🏭 Firmy consultingowe – Świadczą usługi doradcze, pomagając w rozwiązywaniu problemów biznesowych oraz doskonaleniu procesów operacyjnych.
    3. 📊 Audytorzy oraz doradcy biznesowi – Specjalizują się w przeprowadzaniu audytów i analiz biznesowych, mających na celu optymalizację działalności przedsiębiorstw.
    4. 🖥️ Kryptowaluty (giełda kryptowalutowa) – Platformy umożliwiające handel kryptowalutami oraz inne transakcje cyfrowych aktywów.
    5. 🍽️ Startupy technologiczne – Nowe firmy skupiające się na innowacyjnych rozwiązaniach technologicznych, takich jak aplikacje mobilne, sztuczna inteligencja czy e-commerce.
    6. 🌐 Portale internetowe – Platformy online oferujące różnorodne treści, usługi lub produkty, dostępne dla użytkowników za pośrednictwem internetu.

    W jakich krajach Polacy zakladaja swoje firmy?

    🇵🇱 Firma w Polsce

    90% klientów decyduje się zostać w Polsce z uwagi na stosunkowo niskie podatki – 12% PIT oraz wysoką kwotę wolną od podatku (30,000zł). Kwota ta ma zostać podwyższona dwukrtonie, ale niewiadomo jeszcze kiedy. Wiele rodzajów działalności może być rozliczona ryczałtem – przykładem może być najem opodatkowany stawką 8,5%.

    Organ, który rejestruje spółkiKrajowy Rejestr Sądowy
    Urząd SkarbowyUrząd Skarbowy
    Czas rejestracji spółki1 tydzień
    Podatek dochodowy od spółekod 9% CIT – dla niektórych spółek
    Firma w Polsce


    🇪🇪 Firma w Estonii

    Estonia ma podatki wyższe niż w Polsce , gdyż w porównaniu z 9% CIT w Polsce tutaj musimy zapłacić 20% taksy. Kraj ten oferuje odroczenie podatku dochodowego do momentu dystrybucji dywidend, co oznaczać ma: Jeżeli nie wypłacamy dywidendy , nie płacimy podatku. Czujemy się tak, jakbyśmy mieli stawkę 0% i nie trzeba ponosić żadnych kosztów, aby ten podatek obniżać. Świetne rozwiązanie dla start-upów, które przez kilka lat tylko inwestują. Czy firma w Estonii to dobry wybór?

    Organ, który rejestruje spółkiRIK
    Urząd SkarbowyEMTA
    Czas rejestracji spółki2 godziny
    Podatek dochodowy od spółek0% – odroczenie podatku, 20% standardowa stawka
    Firma w Estonii


    🇬🇧 Firma w Anglii

    Organ, który rejestruje spółkiCompanies House
    Urząd SkarbowyHMRC
    Czas rejestracji spółki2 godziny
    Podatek dochodowy od spółek25% od Marca 2024!
    Firma w Wielkiej Brytanii – szczegóły

    Firma w Anglii

    Do niedawna jeszcze bardzo atrakcyjna lokalizacja dla osób, które do 2021 roku cieszyły się kwotą wolną od podatku ponad 10,000 funtów. Rejestracja firmy to 2 godziny, a wszystko można zrobić elektronicznie za pomocą brytyjskiego Companies House. Niestety po 2021 roku Wielka Brytania nie jest już tak chętnie wybierana przez Polaków a to za sprawą konieczności opodatkowania wynagrodzenia dyrektorskiego w kraju zamieszkania.

    Rejestracja Firmy Zgranicznej to Tez Ryzyka Podatkowe i Prawne!

    Ryzyko podatkoweDefinicja
    💥 Ryzyko powstania zakładu podatkowego w PolsceRyzyko, że prowadzenie działalności gospodarczej w Polsce może spowodować konieczność uznania firmy zagranicznej za podatnika podatku dochodowego na gruncie polskiego prawa podatkowego.
    ⚠️ Ryzyko rezydencji podatkowej spółki (nie dotyczy umów o unikaniu z Estonią, Litwą i Łotwą)Ryzyko, że spółka zagraniczna może zostać uznana za rezydenta podatkowego w Polsce na podstawie przepisów polskiego prawa podatkowego, co może prowadzić do opodatkowania jej dochodów w Polsce.
    ❗ Ryzyko CFCRyzyko, że dochody uzyskane przez spółkę kontrolowaną przez podmiot zagraniczny mogą zostać uznane za dochody podlegające opodatkowaniu w Polsce na zasadach CFC (Controlled Foreign Company).
    🔔 Ryzyko podatku u źródłaRyzyko, że dochody lub inne przychody osiągnięte przez podmiot zagraniczny z tytułu działań prowadzonych w Polsce mogą podlegać opodatkowaniu w Polsce na zasadach podatku u źródła.
    Tabela Ryzyk Podatkowych

    Jak zarejestrowac firme w Estonii?

    Forma rejestracjiSzczegółowa procedura
    1. 🇪🇪 e-Residency CardSzczegółowa procedura: Aplikuj o kartę e-Rezydencji, odbierz ją w ambasadzie Estonii i zarejestruj firmę bez wychodzenia z domu.
    2. 🏢 Przyjedź do TallinnaSzczegółowa procedura: Umów się u notariusza i załóż tam swoją firmę.
    3. 📝 Udziel pełnomocnictwaSzczegółowa procedura: Pozwól nam zarejestrować firmę w Twoim imieniu, dostarczając pełnomocnictwo notarialne w języku polskim.
    4. 💼 Zakup gotową spółkęSzczegółowa procedura: Skorzystaj z gotowej spółki, wymagane jest także pełnomocnictwo notarialne do zakupu udziałów w estońskiej spółce.
    Read more
    Register Trademark in Croatia

    🇭🇷 Trademark Registration in Croatia – from 19,91€

    The Name of Patent Office in Croatia is:   State Intellectual Property Office of the Republic of Croatia (SIPO)

    Start Application Here:  https://www.dziv.hr/en/

    SIPO - Intellectual Property Office in Croatia

    Trademark Registration in Croatia 🇭🇷 is essential for protecting your brand. Don’t miss out on this important step to secure your intellectual property rights in Croatia + Get a Voucher from SME FUND 2024 Grant. Let us help you navigate the process smoothly and efficiently.

    Get started today with Eesti Consulting.

     

    Details of Trademark Registration Croatia

     

    Registration Time 3 months
    Protection in Years 10 years
    Language of Application Croatian
    Nice Classification Yes

    Fees for Trademark Registration in Croatia

    Fee Description How Much It Costs?
    Basic Fee 66,36

    Extra Fees:

    Trademark Registration in Croatia – Natural Person & Legal?

    What is the best variant? Trademark Registration done by natural person or Legal Person?

    Trademarks can be registered under the names of individuals who are not running a business, individuals engaged in business, partnerships, or corporate entities – in Croatia the most popular form of business is: d.o.o. (društvo s ograničenom odgovornošću) Additionally, a collective mark can be registered by multiple entrepreneurs.

    It’s important to note that registering trademarks under the name of an individual provides greater flexibility in managing the associated rights.

    If the applicant wishes to maintain the confidentiality of the rights holder during the trademark registration process, EUIPO allows for temporarily concealing the data of the entity holding rights.

    It is crucial to update the information of the rights holder provided during the trademark registration process at the office. Failure to update may lead to issues, especially during the trademark renewal process

    Registering a trademark in Croatia with Eesti Consulting

    This exclusive opportunity is not limited to Croatia  companies; it extends to all SMEs registered in the EU.  Eesti Consulting provides support for trademark registration in Croatia and the EU, backed by a successful track record in various EU countries.  Moreover, we can apply for SME Fund 2024 on behalf of your company, offering financial assistance.

    With our guidance, you’ll receive a €1000 voucher for trademark registration.

    🏷️ Haven’t received it? No payment required.

    How to Get 1000€ as a voucher for Croatian Trademark?

    💰 Trademark Registration Fees in Croatia with SME FUND 2024

    Let’s Compare trademark registration fees in Croatia paid to Patent Office when you have a 1000€ voucher or when you haven’t!

    Country of Registration Registrar Fee (without grant/with grant)
    🇪🇺 EU Fee €850 / €212
    🇭🇷 Croatian Fee 66,36 without grant / with grant 16,59

     

    Register Trademark in Croatia NOW!

     

    Read more
    Trademark registration in Austria

    Trademark Registration in Austria

    The Name of Patent Office in Austria is:  Österreichisches Patentamt Start Application Here:  https://www.patentamt.at/en/

    Patent Office in Austria Vienna
    Trademark Registration in Austria 🇦🇹 is essential for protecting your brand. Don’t miss out on this important step to secure your intellectual property rights in Austria + Get a Voucher from SME FUND 2024 Grant. Let us help you navigate the process smoothly and efficiently. Get started today with Eesti Consulting.

     

    Details of Trademark Registration Austria

     

    Registration Time 6 months
    Protection in Years 10 years
    Language of Application German
    Nice Classification Yes

    Fees for Trademark Registration in Austria

    Fee Description How Much It Costs?
    Basic Fee 322
    Additional Fee

    Extra Fees:

    Trademark Registration in Austria – Natural Person & Legal?

    What is the best variant? Trademark Registration done by natural person or Legal Person?

    Trademarks can be registered under the names of individuals who are not running a business, individuals engaged in business, partnerships, or corporate entities – in Austria the most popular form of business is: GmbH (Gesellschaft mit beschränkter Haftung) Additionally, a collective mark can be registered by multiple entrepreneurs.

    It’s important to note that registering trademarks under the name of an individual provides greater flexibility in managing the associated rights.

    If the applicant wishes to maintain the confidentiality of the rights holder during the trademark registration process, EUIPO allows for temporarily concealing the data of the entity holding rights.

    It is crucial to update the information of the rights holder provided during the trademark registration process at the office. Failure to update may lead to issues, especially during the trademark renewal process

    Registering a trademark in Austria with Eesti Consulting

    This exclusive opportunity is not limited to Austria  companies; it extends to all SMEs registered in the EU.  Eesti Consulting provides support for trademark registration in Austria and the EU, backed by a successful track record in various EU countries.  Moreover, we can apply for SME Fund 2024 on behalf of your company, offering financial assistance.

    With our guidance, you’ll receive a €1000 voucher for trademark registration.

    🏷️ Haven’t received it? No payment required.

    How to Get 1000€ as a voucher for German Trademark?

     

    💰 Trademark Registration Fees in Austria with SME FUND 2024

    Let’s Compare trademark registration fees in Austria paid to Patent Office when you have a 1000€ voucher or when you haven’t!

    Country of Registration Registrar Fee (without grant/with grant)
    🇪🇺 EU Fee €850 / €212
    🇵🇱 Austrian Fee 322 without grant / with grant 80,5

     

    Read more
    Trademark in Poland

    Trademark Registration in Poland 🇵🇱

    The Name of Patent Office in Poland is:   Polski Urzad Patentowy

    Trademark Registration Poland 🇵🇱 is essential for protecting your brand. Don’t miss out on this important step to secure your intellectual property rights in Poland + Get a Voucher from SME FUND 2024 Grant. Let us help you navigate the process smoothly and efficiently. Get started today with Eesti Consulting.

    Details of Trademark Registration in Poland

    Registration Time 6 months
    Protection in Years 10 years
    Language of Application Polish

    Fees for Trademark Registration in Poland

    Basic Fee: 450PLN

    Additional Fees: 120PLN

    Trademark Registration in Poland – Natural Person & Legal?

    Trademark Registration in Poland

    What is the best variant? Trademark Registration done by natural person or Legal Person?

    Trademarks can be registered under the names of individuals who are not running a business, individuals engaged in business, partnerships, or corporate entities – in Poland the most popular form of business is: Sp. z o.o. (Spółka z ograniczoną odpowiedzialnością) Additionally, a collective mark can be registered by multiple entrepreneurs.

    It’s important to note that registering trademarks under the name of an individual provides greater flexibility in managing the associated rights.

    If the applicant wishes to maintain the confidentiality of the rights holder during the trademark registration process, EUIPO allows for temporarily concealing the data of the entity holding rights.

    It is crucial to update the information of the rights holder provided during the trademark registration process at the office. Failure to update may lead to issues, especially during the trademark renewal process

    Registering a trademark in poland with Eesti Consulting

    This exclusive opportunity is not limited to Polish companies; it extends to all SMEs registered in the EU. Eesti Consulting provides support for trademark registration in Poland and the EU, backed by a successful track record in various EU countries.  Moreover, we can apply for SME Fund 2024 on behalf of your company, offering financial assistance.

    With our guidance, you’ll receive a €1000 voucher for trademark registration.

    🏷️ Haven’t received it? No payment required.

    How to Get 1000€ as a voucher for Polish Trademark?

    💰 Comparision Of Fees Without SME Fund Or With SME Fund Grant.

    Let’s Compare trademark registration fees paid to Patent Office when you have a 1000€ voucher or when you haven’t!

    Country of Registration Registrar Fee (without grant/with grant)
    🇪🇺 EU Fee €850 / €212
    🇵🇱 Poland Fee 450PLN / 113PLN

     

    Read more
    Corporation Tax in Estonia

    Overview of Corporation Tax in Estonia [2024]

    Corporation Tax Rate in Estonia

     

    What is the Basic Rate of Corporation Tax in Estonia?

    Corporation tax in Estonia is a tax imposed on the profits of companies. It is calculated based on the company’s annual taxable income. The current corporate tax rate in Estonia is 20%. In 2025 the corporate income tax will increase to 22%

    The 20% corporate tax rate in Estonia is applied to the annual taxable income of companies. This tax is specifically levied on the profits generated by businesses operating in Estonia. The calculation of the corporation tax takes into consideration the company’s yearly taxable earnings.

     

    Reduced Corporation Tax Rate

    The Reduced Corporation Tax Rate in Estonia is applicable to certain companies that meet specific criteria. These companies qualify for a reduced tax rate of 14% on their taxable income, instead of the regular 20%. This is known as the 14/86 rule.

     

    Example

     

    Scenario Calculation Amount (€)
    Estonian company pays a dividend of 12,000 € to a shareholder
    Taxes declared and paid by the Estonian company 12,000 x (20/80) 3,000
    Regular dividends paid to the shareholder 12,000 x (14/86) 1,963.77
    Additional personal income tax withheld (7%) 12,000 x 0.07 840

     

    Is Estonia 0% tax country?

    In Estonia, corporate income tax is incurred by companies solely upon the distribution of profits, whether in the form of dividends or other means. This includes fringe benefits, gifts, donations, expenses related to entertaining guests, and costs unrelated to business activities

     

    Tax Residency of a Legal Person

    If you create a company in Estonia under Estonian laws, it automatically becomes a tax resident in Estonia. So, if you register your OÜ, your company is considered a tax resident in Estonia and needs to pay taxes there.

     

    § 6 (2) A legal person is a resident if it is established pursuant to Estonian law

    Source: https://www.riigiteataja.ee/en/eli/509012020002/consolide , Income Tax in Estonia

    BUT….

    Some countries have different rules for deciding if a company is a tax resident. They might consider not only where it’s registered but also where it’s effectively managed. If you run your company in a country with such rules, it could end up being seen as a tax resident in two places. This means that two states may want to tax the profits of your company.

     

    What Acts Decide About Tax Residency?

     

    Source of Law Legislation Country/Agreement
    Local Law – Income Tax, paragraph 6 Estonian country Estonia
    International Bilateral Agreement about Avoiding Tax Relevant Bilateral Tax Agreement Bilateral Agreements (e.g., Estonia and another country)

     

    Certificate of Tax Residency

    The Estonian Tax and Customs Board (EMTA) issues a Tax Residency Certificate in Estonia to validate a company’s tax residency according to Estonian laws. This official document confirms the company’s tax residency status, although it’s important to consider international tax regulations that may impact your residency status.

     

    Certyfikat Rezydencji w Estonii- wzor

     

     

    What Expenses You Can Deduct?

    If you have an Estonian company, you can deduct business expenses related to your business. This allows you to optimize your tax liabilities and ensure compliance with Estonian laws. Remember to consult international tax regulations to understand how your tax residency status may be affected.

     

     

    Category Examples
    Acquiring Fixed Assets Land, buildings, machinery, patents
    Renovation and Supplementation Upgrading existing assets
    Non-Fixed Assets Miscellaneous property
    Goods Acquisition Materials, raw materials, fuel, energy
    Services Acquisition Facility rental charges, professional services
    Employee Compensation Wages, salaries, remuneration
    Social Tax and Unemployment Insurance Social tax on employee payments
    Fringe Benefits Provided benefits after taxes
    Social Tax for Spouse Social tax for spouse involved in the business

     

     

     

    Read more
    Share Transfer

    Share Transfer in Estonia: A Comprehensive Guide

    Buy Company in Estonia vs Sell Company in Estonia 

    Buy Company in Estonia = Purchase 100% Shares in Estonian Company ,  

    Sell Company in Estonia = Sell 100% Shares in Estonian Company

    If you need to make a share transfer in Estonian Company or prepare necessary documents, Eesti Consulting is here to assist you. We Help You in Everything, including changing the company’s name, owner, Management Board, address, phone number, and email after a successful transfer.

    Do you want Buy Company in Estonia? – We Help!

    Do you want Sell Company in Estonia?- We Help

    Do you want hire us only to draft Power of Attorney or Advice Which Notary Is Suitable? – We Help

    Do you want us to provide a tax consulting? – We Help

    3 SOLUTIONS for Buying or Selling Company Detailed informations
    Transfer through Notary Visit 💼 Transfer of company ownership via a notary visit where all company participants are present. One member sells their assets to another.
    Corporate Stock Transfer with Power of Attorney 📜 Transfer of Estonian company’s corporate stocks through a power of attorney. All parties involved must be introduced to a notary, with the option of proxy introduction for one or all members.
    Remote Transfer via notar.ee 🌐 Remote transfer of an Estonian company through notar.ee. All members must possess an e-Resident card for the transaction.
    Alternatives of Share Transfer – Notary Visit, Power of Attorney or Remote Transfer

    Share Transfer by Visit All COMPANY Members in Tallinn

    If you want to transfer an Estonian company quickly, one option is to re-register it by personally visiting the relevant authorities. This process can be completed in just one day, but it’s important to gather all the necessary information about the company and its owners beforehand.

    Before visiting Estonia in person, please send the following information:

      1. Expected date of visit
      2. The Name of a company established in Estonia
      3. Full Data of the Owners/Beneficiaries of the company, including passport photo, email, phone number, residence address, marital status
      4. Data of the Board Members, including passport photo, email, phone number, residence address, marital status
      5. Information about the financial activities of the company , including bank statement in CSV or PDF
      6. Annual report for the previous year

    🇪🇪 Free Consultation – Eesti Consulting

    Stages of a company transfer by visit

    To transfer shares in Estonia, the first step is to gather all the necessary information from the client. Once that is done, an appointment will be scheduled with a notary for a meeting. The next step involves preparing all the required documents for the share transfer. On the appointed day, the client will need to visit the office of Eesti Consulting. Finally, both the client and the consultant will go together to meet with a notary to sign the prepared petition.

    Before booking an appointment with a notary, Eesti Consulting will prepare the documents for a transfer of an Estonian company. Therefore, it is so important to send us the information about a company by email at least 10 days before your planned visit to Estonia.

    After receiving the necessary information, we will book a time with a notary and draw up a petition to re-register an Estonian company. On the appointed day of your arrival, we will meet at the office of Eesti Consulting. In 2-5 days after visiting the notary, you will no longer be associated with a transferred company.


    Transfer of Shares by Power of Attorney – Remotely!

    To initiate the re-registration of an Estonian company through a power of attorney, it is crucial to meet all collaboration requirements and submit the required payment to Eesti Consulting before commencing the process.

     

    🇪🇪 Free Consultation – Eesti Consulting

    After completing the payment for the services provided by Eesti Consulting, it becomes obligatory to furnish passport photos of all company representatives and furnish details regarding the company being transferred. Upon receipt of the requested information, our legal team will furnish you with English power of attorney examples, which must be notarized in your country.


    Transfer of Shares STEP by STEP


      1. Eesti Consulting will send an example of power of attorney in English based on the documents and information received from the client.

      2. Based on the legislation of your country, it is necessary to prepare a sworn translation of the power of attorney into the state language.

      3. After sworn translations of all powers of attorney into the state language, it will be necessary to certify all powers of attorney at a notary and apostille them (if necessary).

      4. After the powers of attorney have been drawn up, they will need to be translated into English by a sworn translator.

      5. After certification and translation of all powers of attorney, they will need to be sent by courier.


    Different certification options for prepared powers of attorney in Estonia.

    In Estonia, a local notary will certify the powers of attorney examples that we have prepared in English. However, if you are transferring shares in other countries like 🇳🇴 Norway, 🇸🇪 Sweden, 🇳🇱 Netherlands, 🇧🇪 Belgium, 🇫🇷 France, and 🇩🇪 Germany, you’re in luck! These countries accept documents in English. On the other hand, if you’re dealing with countries like 🇫🇮 Finland, 🇱🇻 Latvia, 🇱🇹 Lithuania, 🇵🇱 Poland, 🇺🇦 Ukraine, 🇬🇷 Greece, 🇷🇺 Russia, and more, you’ll need to translate the powers of attorney into the official language of that country and have it certified by a notary.


    🇪🇪 Free Consultation – Eesti Consulting

    Apostille

    When certifying documents, it is important to consider the format of the power of attorney and whether it requires additional apostille in your country. Certifying a document, according to the Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents, is known as apostille. This international certificate is similar to notarization in domestic law. If two countries have an agreement, an apostille is enough to verify the document’s validity, eliminating the need for dual certification by the sending and receiving countries.

    List of countries that do not require apostille when certifying documents by a notary:


      • Lithuania 🇱🇹

      • Latvia 🇱🇻

      • Russia 🇷🇺

      • Ukraine 🇺🇦

      • Poland 🇵🇱

    If the powers of attorney are certified in your country’s official language, they need to be translated into English by a sworn translator. Once the powers of attorney are notarized and, if necessary, apostilled, they should be officially translated into English by a sworn translator and sent via email. The company transfer process usually takes approximately two weeks. After this time, your association with the company will come to an end.


    Change of Transfer in Estonian Company – Fully Remote Way

    To transfer a company in Estonia remotely, all members are required to have an e-Resident card. It is important to discuss the transfer conditions in advance and provide the necessary details to Eesti Consulting lawyer. They will help you book a suitable time on notar.ee. To verify their identity, all members need to use Veriff.com and take a photo of themselves along with their ID using a web camera.

    After all parties have verified their ID, a company sale transaction takes place — company representatives connect with a notary by a video link. Participants familiarise themselves with prepared by notary documents and sign them digitally.

    Following to signing of the document by all parties, a notary signs the papers and completes the process of remote identification, and thereby the form becomes available to participants via a self-service portal.

     

    Read more

    SME FUND 2024 starts on 22.01.2024

    FOR IMMEDIATE RELEASE,  04.01.2024 – Tallinn, Estonia

    SME Fund 2024 starts on 22.01.2024

    1000€ Voucher for 🇪🇺 EU for Trademark Registration Fees

    Coming your way on January 22, 2024, SME Fund 2024 is a cool initiative from the European Intellectual Property Office (EUIPO). They’re here to help small and medium-sized businesses (SMEs) with funds and resources so you can rock the business scene, boost the economy, and reach your goals. Go, SMEs! 🚀

    Period for SME Fund Applications:  22.01.2024 – 06.12.2024

    The Main Benefit of SME Fund Program

    Benefit Details
    Fee Reduction for Trademark Registration Reduce fee by 75% for Trademark Registration, e.g., Basic Fee in EU Trademark (850 EUR) becomes 212 EUR after deduction. 🚩 🇪🇺

     

    Benefits of Trademark Registration
    Source: EUIPO, Intelectual Property Office – Alicante

    Comparision: SME Fund in 2022 vs 2023

    Metrics 2022 2023 Change
    Total Applications 22,479 34,800 +12,321 (+54.9%)
    IP Scan Requests 505 581 +76 (+15%)
    Stakeholder Satisfaction Rate (%) 93.5 95 +1.5 (+1.6%)
    SMEs Financially Supported 15,929 21,150 +5,221 (+32.8%)
    The Comparision of SME Fund Program in 2022 vs 2023

    How much Estonian company may Save on Trademark Registration with SME FUND option?

    Savings on Trademark Registration

    SME Fund 2023 in Numbers

     

    Model of grant decision

    Contact Information

     

    PAWEL KROK – Board Member – contact@eesticonsulting.ee

    EESTI CONSULTING OÜ is a member of the Estonian Chamber of Commerce & Industry 🏦 and e-Residency 🌐 Marketplace.

     

     

     

    Read more
    Starting business in Poland

    Starting a business in Poland as a foreigner in 2024 🇵🇱

    Register a business in Poland:  Worth Attention?

    Thinking of Starting a Business in Poland as a Foreigner? Check out our Guide on Taxes, Pros, and Cons of Having a Polish Company.

     

    Starting business in Poland

    Why start a business in Poland? 🇵🇱 It’s in the middle of Europe and growing fast! Poland is stable, part of the EU, OECD, and G20.

    In the Doing Business 2020 report, Poland ranked 40th, showing it’s good for business. The Global Competitiveness Report 2019 put Poland at 37th.

    Poland’s whole country is like an economic zone 🏭, giving tax breaks for businesses. The Innovation Box gives a low 5% tax rate for selling ideas 💡.

    Poland’s economy is booming 📈, even more than other European countries. With its central location and global memberships, Poland is a great place to start a business. Consider the opportunities for your business journey!

    The best cities in Poland for Company Location?

    Whether you’re a digital nomad or not, here’s a list of the best and biggest cities in Poland where foreigners have set up businesses. Which city do you want to choose?

    City Population (2022) Area (km²)
    Warsaw 1.8 million 517
    Krakow 769,335 327
    Lodz 685,285 293
    Wroclaw 641,607 292
    Poznan 551,627 261
    Gdansk 472,997 262
    Szczecin 403,426 301

    What Taxes Pay Company in Poland?

    Are You Thinkink About Starting a Business in Poland as Foreigner? STOP!  Read about Taxes First!

    Corporation Tax in Poland

    Corporation tax is a type of tax that businesses pay on their profits. It’s a way for the government to collect money from companies based on the income they earn

    Taxation Form Tax Rate Eligibility Criteria
    Corporate Income Tax (CIT) 9% or 19% 9% Rate: Applicable for small taxpayers. If the taxpayer’s gross sales revenue does not exceed €2,000,000, or this limit is not surpassed in the current tax year, a 9% rate is applicable for active business activities. 19% Rate: Applied once the €2,000,000 limit is exceeded. Gross turnover includes VAT on goods and services. The reduced 9% rate is applicable only to revenues (income) other than capital gains, and certain restrictions apply to entities formed as a result of specific restructuring activities.

     

    VAT Rates in Poland for Business!

    PRO tip: Keep an eye on your sales. If you’re getting close to PLN 200,000, plan for VAT so you’re ready when it’s time to pay. 📊💰

     

    VAT Rates Percentage Rate Application Area
    Standard (23%) 23% – General VAT rate applied to most goods and services.
    Reduced (8%) 8% – Applicable to, among other things, construction covered by a social housing program, services related to culture, sports, and recreation.
    Reduced (5%) 5% – Covers, for instance, basic food products (e.g., bread, dairy), baby products, books, and e-books.
    Preferential (0%) 0% – Preferential rate applied, for example, to intra-Community supplies of goods and exports of goods.

    🇪🇪 Free Consultation – Eesti Consulting

    Eligibility and Requirements for Foreigners Setting Up a Company in Poland

    To set up a company in Poland as a foreigner, there are certain eligibility criteria and requirements that need to be met. Let’s take a closer look at what these are:

     

    Eligibility Criteria for Foreigners

    Foreign entrepreneurs who wish to establish a company in Poland must fulfill specific criteria related to residency, nationality, or legal status. The following points outline the key eligibility requirements:

    Residence Permit: Foreigners must have a valid residence permit or temporary residence permit in Poland. This permit allows them to legally reside and work in the country. 🇵🇱📜

    Citizenship: While Polish citizenship is not mandatory, foreigners can still establish a company if they meet the necessary residency requirements. 🌍🤝

    EU National Bonus: EU nationals enjoy a special advantage as they may register a Sp. z o.o. (limited liability company) in Poland, simplifying the process for those from European Union member states. 🇪🇺💼

    Moreover, the process of company formation offers flexibility:

    Additionally, you can open a bank account for your company with a choice of top banks in Poland. 🏦💳

     

    Necessary Documents and Permits

    When registering a company in Poland, it is essential to provide the required documents and permits during the application process. These may include: 

    Documents Description
    Identification Documents Valid passport or national identification card for identity verification (KYC/AML documents).
    Proof of Residence Utility bills or rental agreements as proof of residence.
    Business Plan Well-prepared business plan detailing business nature, market analysis, financial projections, and marketing strategies.
    Permits and Licenses Depending on the industry or sector, additional permits or licenses may be required before starting business activities.

    Advantages of Starting Company in Poland

    Features Description
    Separate Legal Personality LLC has a separate legal personality, allowing it to act independently. 🌐🏢
    Limited Liability for Shareholders Shareholders’ liability is limited to their contributions. They’re not personally responsible for debts. 💼💰
    Flexibility in Number of Shareholders LLC can be established by one or more individuals, even as a single-member LLC. 👥
    Commercial Activity as a Single-Member LLC allows for commercial activities as a single-member entity. 🌱👨‍💼
    Legal Capacity for Business Transactions LLC has legal capacity for business transactions independently. 📜🤝
    Protection of Shareholders’ Investments Shareholders’ investments are protected, and they’re not personally liable. 🛡️💸
    Ability to Operate as a Single-Member Company LLC can function as a single-member company, offering flexibility. 👤
    Freedom to Hire Any Number of Employees LLC has the freedom to employ any number of workers for scalability. 💼👥
    Immediate Commencement of Business Activities LLC can start activities immediately upon signing the company agreement. 📅🏢
    Relatively Low Initial Capital Initial capital is relatively low at 5000 zł and can be adjusted as needed. 💰📉
    Flexible Capital Adjustment Capital can be easily increased or decreased, remaining above the statutory minimum. 🔄
    Streamlined Online Company Formation Efficient online registration process with automatic tax identification assignment. 🌐💻
    Efficient Registration Procedure Quick registration procedure, especially with online methods, saving time and effort. 🚀⏱️

     

    Disadvantages of Having Company in Poland

     

    Challenges and Considerations Description
    Lengthy Liquidation Procedure Liquidating a Spółka z o.o. involves extensive documentation and time-consuming procedures. ⏳🏢💼
    Notarial Deed Costs Drafting the company agreement as a notarial deed incurs additional costs and can be time-consuming. 💰📄💼
    Double Taxation Spółka z o.o. may face double taxation, with corporate income tax (CIT) and additional income tax (PIT) on profits. 💰📊
    Full Accounting Obligation Obligation to maintain a full accounting system can lead to complexity and additional costs for accounting services. 📚💻💸
    Annual Financial Reporting Mandatory annual financial reporting can be a burden for companies, with failure to submit reports resulting in fines. 📅💰
    Management Board Liability Management board members may face liability for the company’s obligations, potentially involving personal assets. ⚖️💸

     

    Tax Incentives, Grants, and Subsidies

    One of the major advantages of starting a company in Poland is the availability of tax incentives, grants, and subsidies. The Polish government offers various programs aimed at supporting foreign-owned companies. For example, businesses operating within special economic zones can benefit from reduced corporate income tax rates or even be exempt from paying it altogether for specified periods. 🌐🇵🇱

    There are grants and subsidies available for specific sectors such as technology, research and development (R&D), innovation, energy efficiency, and more. These financial incentives provide valuable support to companies looking to establish themselves in Poland. 💼💰

    Moreover, if you set up a Polish company, you can apply for the SME FUND 2023 grant, which offers additional financial assistance and opportunities for growth. 🚀💡

    Additionally, the EU provides a system that protects your trademark in all member states through EU trademark registration managed by the EUIPO. Instead of registering in each country separately, you can register once with the EUIPO and have exclusive rights in all EU countries. This not only streamlines the process but also provides a strong legal foundation for your brand. 🛡️🌍

    And here’s an exciting opportunity: with the SME FUND 2023 grant, you can imagine significant savings on EU trademark registration costs. Instead of the standard 850€, you pay only 212€! To seize this opportunity, fill in the form and discover the secret. Remember, it’s first come, first served! 🌟🔐

     

    Access to EU Markets

    As a member of the European Union (EU), establishing a company in Poland provides access to the vast EU market. This membership allows businesses based in Poland to trade freely within the EU’s single market without facing trade barriers or tariffs. It opens up doors to 27 other countries with over 450 million potential customers.

    Being part of the EU also means that companies established in Poland can benefit from various EU programs designed to support business growth such as Horizon Europe (the EU’s research and innovation program) or COSME (the EU program for small and medium-sized enterprises).

     

    Sectors with Growth Potential

    Poland offers opportunities for businesses across various sectors. Some industries, in particular, have shown significant growth potential in recent years. The technology sector, for example, has been thriving with a growing number of startups and tech companies emerging in cities like Warsaw, Krakow, and Wroclaw.

    Manufacturing is another sector that holds promise in Poland. The country has a strong industrial base and is known for its skilled workforce and competitive production costs. The services industry, including finance, IT outsourcing, shared services centers, and e-commerce, continues to flourish.

     

    Networking and Collaboration Opportunities

    Establishing a company in Poland also provides ample networking and collaboration opportunities within the local business community. Poland has a vibrant entrepreneurial ecosystem with numerous industry events, conferences, and networking platforms where entrepreneurs can connect with like-minded individuals.

    Moreover, there are various chambers of commerce and business associations that facilitate networking among businesses both domestically and internationally. These platforms offer valuable resources for establishing partnerships or finding new clients or suppliers.

     

    Procedures and Costs of Registering a Company in Poland

     

    Step-by-step Explanation of the Company Registration Process for Foreigners in Poland

    Registering a company in Poland as a foreigner may seem like a daunting task, but with the right information, it can be a smooth process. Here is a step-by-step breakdown of the procedures involved:

     

        1. Choose your company structure: The first step is to decide on the type of company you want to register. In Poland, common options include limited liability companies (Spółka z ograniczoną odpowiedzialnością or Sp. z o.o.) and joint-stock companies (Spółka akcyjna or S.A.). Each has its own requirements and implications.


        1. Prepare necessary documentation: To register your company, you will need certain documents, such as articles of association, which outline the purpose and structure of your business. You will also need identification documents for all shareholders and directors involved.


        1. Open a bank account: Before registering your company, you must open a bank account in Poland. This is where you will deposit the required share capital for your chosen company structure.


        1. Notarize documents: Some documents may need to be notarized by a Polish notary public. This includes the articles of association and any other legal agreements related to your business.


        1. Submit registration application: Once all necessary documentation is prepared, you can submit your registration application to the relevant registry court in Poland. The court will review your application and verify that all requirements are met.


        1. Receive KRS number: If your registration application is approved, you will receive a KRS number from the registry court. This unique identification number confirms that your company is officially registered.


      1. Register for tax purposes: After receiving your KRS number, you must register for tax purposes with the appropriate tax office in Poland.

     

    Overview of Required Documentation

    When registering a company in Poland, you will need to provide specific documentation. Here is an overview of the required documents:

     

        • Articles of association: These documents outline the purpose and structure of your company.


        • Identification documents: You will need identification documents for all shareholders and directors involved in the company.


      • Bank confirmation: A confirmation from the bank stating that you have deposited the required share capital in your business bank account.

    It’s important to ensure that all documentation is accurate and complete to avoid any delays or complications during the registration process.

     

    Government Fees and Additional Costs

    Registering a company in Poland incurs certain government fees. The exact amount depends on various factors, such as the type of company being registered and its share capital. It is advisable to check with the registry court or seek professional advice to determine the specific fees applicable to your situation.

    In addition to government fees, there may be additional costs associated with registering a company in Poland. These can include legal assistance fees, translation services for non-Polish documents, notary fees for document authentication, and any other professional services required during the registration process. It’s essential to consider these potential costs when budgeting for your company registration.

     

    Estimated Timeframe for Company Registration

    The time it takes to complete the registration process can vary depending on several factors, including the workload of the registry court and whether all documentation is correctly prepared. On average, it can take between two weeks to three months from submitting your application until you receive your KRS number. It’s important to plan accordingly and allow sufficient time for any potential delays or additional requirements that may arise during this period.

    Registering a company in Poland as a foreigner involves several procedures and considerations. By understanding each step involved, preparing necessary documentation accurately, accounting for government fees and additional costs, and allowing ample time for completion, you can navigate through this process smoothly. Seeking professional guidance from lawyers or business consultants experienced in company registration can also provide valuable assistance and ensure compliance with all legal requirements.

     

    Setting Up a Limited Liability Company in Poland: Requirements and Eligibility

    In Poland, establishing a Limited Liability Company (LLC) can offer numerous benefits for foreigners looking to start their own business. Let’s delve into the requirements and eligibility criteria associated with setting up an LLC in Poland.

     

    Benefits of Establishing an LLC in Poland

    Creating an LLC in Poland provides several advantages that make it an attractive option for foreigners. Some of the key benefits include:

     

        1. Limited Liability: As the name suggests, an LLC offers limited liability protection to its shareholders. This means that their personal assets are safeguarded in case the company faces financial difficulties or legal issues.


        1. Flexible Management Structure: An LLC allows for flexibility in terms of management structure. It requires at least one shareholder and one director to form the company, allowing individuals to have full control over their business operations.


        1. Tax Exemptions: LLCs are eligible for certain tax exemptions and incentives provided by the Polish government. These exemptions can help reduce the overall tax burden on businesses, making it more financially viable.


      1. Separate Legal Entity: An LLC is considered a separate legal entity from its owners, which means that it can enter into contracts, own property, and engage in various business activities on its own behalf.

     

    Minimum Capital Requirements

    When establishing an LLC as a foreigner in Poland, there are minimum capital requirements that need to be met. The current minimum share capital required is 5,000 PLN (Polish Zloty), which is approximately $1,300 USD.

    Foreigners must ensure they have sufficient funds available to meet this requirement before proceeding with the registration process. It’s important to note that this capital should be deposited into a dedicated bank account during the registration process.

     

    Shareholders and Directors

    To form an LLC in Poland, at least one shareholder and one director are required. The shareholder(s) can be individuals or legal entities, and they are the owners of the company. The director(s), on the other hand, are responsible for managing the day-to-day operations of the business.

    It’s worth mentioning that shareholders and directors can be the same individuals, allowing for a streamlined decision-making process. There are no restrictions on foreign nationals serving as shareholders or directors in a Polish LLC.

     

    Poland Limited Liability Company (Sp. z o.o.) – characteristic

    In conclusion, establishing a limited liability company in Poland as a foreigner offers numerous benefits and opportunities. The eligibility requirements are relatively straightforward, and the procedures for registering a company are well-defined. By setting up a company in Poland, you can take advantage of its favorable business environment, strategic location within Europe, and growing economy.

    Now is the time to explore the possibilities that Poland has to offer for foreigners looking to start their own business. With its supportive infrastructure, skilled workforce, and competitive costs, Poland provides an ideal platform for entrepreneurial success. Whether you’re interested in manufacturing, IT services, or any other industry, Poland welcomes you with open arms.

    What is your choice? Poland or maybe Estonia with 0% Corporation Tax?

    🇪🇪 Free Consultation – Eesti Consulting

    Eesti Consulting will help you estabilish a company in Estonia with e-Residency Card or by Power of Attorney.

     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)

     

     

    Read more

    Company in Lithuania for foreigners – Quick Start!

    Picture this: you’re an ambitious entrepreneur with a burning desire to start your own company. You’re looking for the perfect location, a place that offers stability, growth potential, and access to top talent. Look no further than Lithuania. This small Baltic country is not only known for its rich history and picturesque landscapes but also for its thriving business environment.

    Lithuania boasts a stable economy with strong growth potential, making it an attractive destination for businesses of all industries. Situated in the heart of Europe, it serves as a strategic gateway to both Eastern and Western markets. What’s more, the country is home to a highly skilled and educated workforce, ready to contribute their expertise to new companies and projects.

    With supportive government policies for foreign investment and a thriving startup ecosystem, Lithuania offers numerous opportunities for entrepreneurs like you. Whether you’re in the tech industry or exploring other sectors such as forest land or legal entities formation, this dynamic country has something to offer. So buckle up and get ready to embark on an exciting journey of business success in Lithuania.

    Fast registration process for companies in Lithuania

    In Lithuania, registering a company is a breeze thanks to the simple and efficient online registration system. The process is designed to be user-friendly, allowing entrepreneurs to establish their businesses quickly and with ease. Let’s take a closer look at why the registration process in Lithuania is so fast and hassle-free.

    Register a company in Estonia instaed of Lithuania.

    Why 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)

    Simple and Efficient Online Registration System

    Lithuania has embraced digitalization, making it possible for entrepreneurs to register their companies online. This streamlined process eliminates the need for lengthy paperwork and physical visits to government offices. Instead, aspiring business owners can complete the entire registration process from the comfort of their own homes or offices.

    The online registration system provides clear instructions and guidance every step of the way, ensuring that applicants understand what information is required and how to provide it. By simplifying the process, Lithuania encourages more people to start their own businesses, boosting economic growth and innovation.

    Company Formation Completed Within a Few Days

    One of the standout features of registering a company in Lithuania is how quickly it can be done. Unlike some countries where bureaucratic procedures can cause delays that last weeks or even months, Lithuania aims for efficiency.

    With all necessary documents prepared and submitted correctly through the online platform, company formation can typically be completed within just a few days. This rapid turnaround time allows entrepreneurs to hit the ground running sooner rather than later.

    How to Register a Company in Lithuania?

    Ways of Company Registration in Lithuania

    Methods

    📜 By Power of Attorney (notarized and/or apostilled):

    Appoint a representative through a notarized and/or apostilled Power of Attorney.

    🚶‍♂️ By Personal Visit:

    Register a company in Lithuania by physically visiting the relevant authorities.

    📱 By e-Residency Card:

    Utilize the e-Residency card for online company registration, especially for remote entrepreneurs.

    Minimal Bureaucratic Procedures and Paperwork Required

    Lithuania takes pride in its minimalistic approach. The government has worked hard to streamline these processes, reducing unnecessary red tape that often hinders business development.

    By minimizing bureaucracy, Lithuania fosters an environment conducive to entrepreneurship. Entrepreneurs can focus on building their businesses instead of getting bogged down by excessive paperwork or complicated administrative procedures.

    No Minimum Capital Requirement for Most Types of Businesses

    Another advantage of starting a company in Lithuania is that there is no minimum capital requirement for most types of businesses. This means that entrepreneurs can establish their companies without the need for substantial initial investments.

    By eliminating this financial barrier, Lithuania encourages innovation and allows startups to flourish. Entrepreneurs can allocate their resources more efficiently, investing in areas that truly matter for business growth.

    Foreigners Can Easily Establish a Company Without Residency Restrictions

    Lithuania welcomes foreign entrepreneurs with open arms, allowing them to easily establish companies without any residency restrictions. This inclusive approach attracts international talent and expertise, fostering a diverse and vibrant business ecosystem.

    Foreigners interested in starting a company in Lithuania only need to provide the necessary documentation and follow the same registration process as local entrepreneurs. This openness promotes cross-cultural collaboration and facilitates global business expansion.

    Benefits of establishing a company in Lithuania

    🌐 Competitive Corporate Tax Rate of 15%

    Lithuania offers a competitive corporate tax rate of 15%, making it an attractive destination for businesses looking to establish their presence. This low tax rate allows companies to retain more of their profits and reinvest them into further growth and development. With lower taxes, businesses can allocate more resources towards expanding their operations, hiring skilled employees, or investing in innovative technologies.

    🌐 Double Taxation Avoidance Treaties with Over 50 Countries

    One significant advantage of establishing a company in Lithuania is the existence of double taxation avoidance treaties with over 50 countries. These treaties aim to prevent businesses from being taxed twice on the same income when operating internationally. By eliminating or reducing the burden of double taxation, these agreements provide greater certainty and financial benefits for companies engaged in cross-border activities.

    🌐 EU Membership Provides Access to the Single Market

    As a member state of the European Union (EU), Lithuania offers access to the vast single market consisting of over 450 million consumers. This provides businesses with opportunities for expansion and increased market reach without facing trade barriers or tariffs within the EU. Companies can benefit from free movement of goods, services, capital, and labor across member states, facilitating seamless business operations and enhancing competitiveness.

    🌐 Strong Intellectual Property Protection Laws

    Lithuania boasts robust intellectual property protection laws that safeguard innovations and creations against unauthorized use or infringement. These laws provide essential legal frameworks for businesses operating in various sectors such as technology, research, design, and creative industries. By ensuring adequate protection for intellectual property rights, Lithuania fosters an environment conducive to innovation and encourages foreign investments by providing confidence in the security of intellectual assets.

    💰 Register a Company Lithuania a 1000EUR voucher for a trademark

    Maximize your business advantage by registering a Lithuanian company – not only can you establish a strong business presence, but you can also protect your brand effortlessly. With the option to register a trademark in all EU member states through the EU trademark registration system managed by EUIPO, you gain exclusive rights across the European Union. Moreover, take advantage of a unique opportunity: register your Lithuanian company and apply for a grant that slashes the state fee for EU Trademark Registration by 75%, making it an affordable 212 EUR instead of the regular 850 EUR. Act now to secure this incredible offer – it’s a strategic investment in safeguarding your brand with substantial cost savings

    Register trademark in EU with and Get the amount of 1000EUR with Eesti Consulting assistance.


    Regular State Fee (EUR)
    State Fee with Grant (EUR)
    🇪🇺 EU Trademark 💶 850 💰 212
    🇱🇹 Lithuanian Trademark 💶 180 💰 45
    Your savings if you decide to apply for a SME Fund 2023 Grant with Eesti Consulting Assistance

    The benefits of SME Fund 2023 Grant application in the event if you file the application for a Trademark in the Europan Union or in Lithuania.

    Well-Developed Infrastructure and Modern Business Facilities

    Lithuania prides itself on its well-developed infrastructure and modern business facilities that cater to the needs of diverse industries. The country has invested significantly in transportation networks, including an extensive road and rail system, efficient ports, and well-connected airports. This infrastructure facilitates the smooth movement of goods and services both domestically and internationally. Moreover, Lithuania offers state-of-the-art business parks, office spaces, and technology hubs equipped with advanced amenities to support companies in their day-to-day operations.

    Taxes in Lithuania

    Lithuania offers a favorable tax environment for companies looking to establish their presence in the country. Let’s take a closer look at the various taxes applicable in Lithuania and how they can impact your business.

    Corporate Income Tax Rate: 15%

    One of the key advantages of setting up a company in Lithuania is the relatively low corporate income tax rate. At just 15%, it provides businesses with a competitive edge compared to many other European countries. This fixed rate ensures that your company can retain a larger portion of its profits, allowing for potential reinvestment or expansion.

    🤝 Exemption on Dividends Received from Subsidiaries

    Another attractive aspect of the Lithuanian tax system is the exemption on dividends received from subsidiaries. This means that if your company has subsidiaries or invests in other companies, any dividends received from those entities are exempt from taxation. This can significantly enhance your overall revenue and provide greater flexibility for managing your financial resources.

    💸 Value Added Tax (VAT) Rates

    When conducting business in Lithuania, it’s essential to understand the value-added tax (VAT) rates that apply to goods and services. The standard VAT rate is set at 21%. However, reduced rates ranging from 5% to 9% are applicable to specific goods and services such as food products, books, medications, and more. Understanding these different rates is crucial for accurate pricing and financial planning within your business operations.

    💼 Personal Income Tax Rates: 20% – 27%

    For individuals employed by companies operating in Lithuania or earning income through self-employment, personal income tax applies based on progressive rates. The personal income tax rates range from 20% to 27%, depending on the level of annual income earned. It’s important for both employers and employees to be aware of these rates when negotiating salaries or planning personal finances.

    🏢 Capital Gains Tax: Flat Rate of 15%

    If your business involves the sale of assets or investments, it’s essential to consider the capital gains tax in Lithuania. Capital gains tax applies at a flat rate of 15%. This means that when you sell an asset or make a profit from an investment, 15% of that gain will be subject to taxation. It’s crucial to factor this into your financial calculations and ensure compliance with relevant tax regulations.

    Understanding the tax landscape in Lithuania is vital for businesses looking to establish themselves in the country. By taking advantage of the relatively low corporate income tax rate, exemption on dividends received from subsidiaries, and understanding VAT rates and personal income tax rates, you can optimize your financial performance and maximize revenue potential.

    Ready Made Companies in Lithuania

    If you’re looking to start a business in Lithuania but don’t want to go through the hassle of setting up a company from scratch, ready made EU companies with VAT can be an excellent option. These pre-established companies are available for immediate purchase, allowing you to bypass the lengthy registration process and get your business up and running quickly.

    Saves time by bypassing the registration process

    One of the significant advantages of purchasing a ready-made company is that it saves you valuable time. Instead of going through the lengthy process of registering a new company, which can take several weeks or even months, you can acquire an existing company instantly. This means that you can start operating your business without any delay, allowing you to capitalize on opportunities in the market immediately.

    Provides flexibility for investors seeking quick entry into the market

    Ready-made companies offer flexibility for investors who want to enter the Lithuanian market quickly. With these companies, you have the freedom to choose from a range of options such as changing the company name, directors, and shareholders after purchase. This flexibility allows you to customize and align the company with your specific business goals and requirements seamlessly.

    Option to change company name, directors, and shareholders after purchase

    When purchasing a ready-made company in Lithuania, you have full control over its future direction. You have the option to change various aspects such as the company name, directors, and shareholders according to your preferences. This level of customization ensures that your business reflects your vision and enables smooth integration with your existing operations or expansion plans.

    Ensures compliance with all legal requirements before transfer

    Before transferring ownership of a ready-made company in Lithuania, it is essential to ensure compliance with all legal requirements (KYC/AML) This includes verifying that all necessary permits and licenses are in place, and the company is compliant with tax regulations. By conducting a thorough due diligence process, you can ensure that the company you purchase is legally sound and meets all the necessary obligations.

    Open bank account in Lithuania

    Congratulations on completing the sections before the conclusion! Now that you have a good understanding of the fast registration process for companies in Lithuania, the benefits of establishing a company there, and the taxation system, it’s time to focus on opening a bank account.

    Opening a bank account in Lithuania is a straightforward process that can be done remotely. Many banks offer online applications and provide support in English, making it convenient for international entrepreneurs like yourself. By opening an account in Lithuania, you gain access to a stable financial system with modern banking services tailored to meet your business needs.

    To get started, gather all the necessary documentation and reach out to different banks to compare their offers. Consider factors such as fees, transaction limits, online banking capabilities, and customer support. Once you’ve chosen a bank that suits your requirements, follow their application process and submit all required documents. With just a few simple steps, you’ll soon have your own business bank account ready to facilitate smooth financial operations.

    Open WISE Bank Account

    Worth it for seamless global finances: Borderless Banking, low fees, real exchange rates, multi-currency support in 80+ countries, and convenient local bank details. 🌐💸💳🌍🏦

    Open WISE Now!

    🌐 Borderless Banking
    💸 Low Fees, Real Rates
    💳 Multi-Currency (USD, GBP, EUR)
    🌍 80+ Countries
    🏦 Local Bank Details

    Unlock your Business Potential with Payoneer account

    Open Payonner account Now!

    🏦 10+ Currency Accounts in 1 Day
    💼 Global Swift WIRE (USD/Euro/GBP)
    💰 Payments from 200+ Countries
    🌐 Receive from 2000+ Marketplaces
    💳 Pay Worldwide: 200+ Countries
    💳 Multi-currency MasterCard
    💲 Competitive FX Fees

    More than 200,000 clients are using banking services. Bank has the strongest investment and entrepreneurship experience.

    Open bank account at LHV

    • Monthly maintenance fee – 0 €
    • Free of charge up to 50 SEPA payments
    • Debit card from 2€
    • Accepting card payments and payments in online stores
    • Payments via bank link
    Read more

    7 Easy Steps to Register a Business in Europe [2023] – Estonian Choice

    Are you an entrepreneur with big dreams of expanding your business internationally? Starting a company online in the EU opens up a world of opportunities for growth and success.

    From the bustling startup scenes to established markets, Europe offers a diverse range of possibilities for entrepreneurs. But before you embark on this exciting journey, it’s crucial to understand the challenges involved. Thorough research and careful planning are essential to ensure your new company thrives in the European market.

    Join us as we delve into key considerations such as choosing a suitable business structure, navigating legal requirements, and leveraging virtual offices to establish your presence. Get ready to unlock the potential of Europe and take your business to new heights!

     

    🌍 Benefits of Registering a Business in Europe

    Starting a business in Europe comes with a multitude of benefits that can give your company a competitive edge. Let’s dive into the advantages of registering a business in Europe and why it might be the right move for you.

     

    📈 Access to a large consumer market

    One of the biggest perks of starting an EU company online is gaining access to a massive consumer market. With over 500 million potential customers, Europe offers vast opportunities for businesses to expand their reach and increase their customer base. This means more potential sales and revenue for your business.

     

    💼 Favorable tax regimes and incentives

    European countries often offer favorable tax regimes and incentives to attract businesses. These can include reduced corporate tax rates, exemptions, or deductions that can significantly lower your tax obligations. By taking advantage of these incentives, you can save money on taxes and allocate those funds towards growing your business.

     

    🌐 Enhanced credibility and reputation

    Having a European presence can enhance the credibility and reputation of your business. The

    Opportunities for cross-border trade

    Registering a business in Europe opens up opportunities for cross-border trade within the EU’s single market. The EU has created an environment where goods, services, capital, and labor can flow freely between member states. This allows businesses to easily expand their operations across borders without facing excessive barriers or restrictions.

     

    Access to skilled labor and supportive ecosystems

    Europe boasts highly skilled labor pools across various industries. By establishing your business in Europe, you gain access to this talent pool, enabling you to recruit top-notch professionals who can contribute to the growth and success of your company. Many European countries have vibrant innovation hubs and supportive business ecosystems that foster entrepreneurship and provide resources for startups to thrive.

     

     

    Choosing the Best European Country for Your Business – Estonia

    Estonia’s Favorable Business Environment and Digital Infrastructure

    Estonia, a small country located in Northern Europe, has gained a reputation as an ideal destination for starting a business. One of the key reasons behind this is its favorable business environment and advanced digital infrastructure. The Estonian government has worked diligently to create an ecosystem that supports entrepreneurship and innovation.

    One of the standout features of Estonia is its robust digital infrastructure. The country has invested heavily in technology, making it one of the most digitally advanced nations in the world. This digitalization translates into several benefits for businesses operating in Estonia. For instance, online services such as e-government platforms and digital signatures streamline administrative processes, saving both time and effort.

     

    E-Residency Program Offering Remote Access to Manage Your Estonian Company Online

    Another factor that sets Estonia apart. This unique initiative allows individuals from around the world to become “e-residents” of Estonia, granting them remote access to manage their Estonian company online.

    Through the e-residency program, entrepreneurs can establish and operate their businesses entirely online, without ever needing to physically be present in Estonia. This level of flexibility opens up countless opportunities for individuals who want to start a European company but don’t necessarily want or need to relocate.

     

    Competitive Corporate Tax Rates Compared to Other European Countries – 0% or 20%?

    When considering where to start your European business, corporate tax rates play a crucial role. In this regard, Estonia offers an attractive proposition with its competitive corporate tax rate of 20%. Compared to other European countries where tax rates can be significantly higher, this makes Estonia an appealing choice for entrepreneurs looking to optimize their tax liabilities.

    Moreover, Estonia goes a step further to provide an even more enticing tax advantage for entrepreneurs. Through its unique tax system, entrepreneurs may find themselves feeling like they are paying effectively 0% Corporation Tax. This innovative approach involves the taxation of profits only when they are distributed as dividends. As a result, businesses can reinvest their profits for growth and development without immediate tax obligations.

    The lower corporate tax rate in Estonia not only allows businesses to retain more of their profits but also provides the flexibility for entrepreneurs to strategically manage their tax exposure. This favorable tax environment helps foster economic growth and encourages foreign investment, further enhancing Estonia’s reputation as a business-friendly country.

     

    Estonia or UK company?

    Comparision UK taxation system with Estonia

     


    🇬🇧 UK (After Tax-Year Ending)
    🇪🇪 Estonia (Tax-Deferring System)
    Corporate Tax Rate Varies (Standard rate: 19%) 20% (Deferred until distribution)
    Tax on Dividends Yes, at applicable rates Deferred until distribution
    Tax on Reinvestment Yes, at corporate tax rate No immediate tax on reinvestment
    Tax Planning Potential complexities Simplified tax-deferring system
    Overall Flexibility Moderate High
    Total Tax Paid Depends on profits, dividends, and reinvestment Deferred until distribution
    Profit Distribution NO NO
    Amount 100,000 EUR 100,000 EUR (Tax deferred)
    Total Tax Paid (End of Year) 19,000 EUR 0 EUR (Tax deferred)
    Time for Certificate of Tax Residency 3-5 months 2 days
    e-Notary No Yes
    e-Residency No Yes
    VAT Threshold £85,000 €40,000
    The comparative table of the general tax systems in the United Kingdom (UK) and Estonia

     

    Simple Registration Process with Minimal Bureaucracy and Low Costs Involved

    Starting a business in some countries can be a daunting process, often burdened with excessive bureaucracy and high costs. However, Estonia stands out for its straightforward registration process that minimizes red tape and keeps costs relatively low.

    The Estonian government has implemented digital solutions to simplify the company registration process. Entrepreneurs can complete the necessary paperwork online, eliminating the need for time-consuming visits to government offices. This streamlined approach not only saves valuable time but also reduces administrative expenses associated with starting a new business.

     

    Estonia’s Reputation as an Innovative Tech Hub Attracting Startups and Digital Businesses

    In recent years, Estonia has garnered acclaim as a dynamic tech hub, drawing in startups and digital enterprises from across the globe. The nation’s proactive stance toward embracing technology has cultivated an atmosphere conducive to fostering innovation and entrepreneurship.

    Estonia’s unwavering commitment to technological advancements has given rise to triumphant startups like TransferWise (now Wise) and Bolt (formerly Taxify). These success stories have firmly established Estonia as a sought-after destination for ambitious entrepreneurs looking to immerse themselves in a thriving tech ecosystem.

    Furthermore, opting to establish a company in Estonia unlocks a plethora of opportunities for funding, grants, and expansion. The country holds a special affinity for ambitious entrepreneurs, reflected in the numerous opportunities and resources tailored to support e-resident businesses. Estonia’s nurturing ecosystem plays a pivotal role in fostering the growth and evolution of startups, making it an appealing choice for those in pursuit of innovation and the means to drive their business aspirations forward.

     

    Apply for e-Resideny Card in Estonia

     

    To start a company in Europe, particularly in Estonia, you can apply for an e-Residency card. This digital ID card grants you secure access to Estonian government services online and enables you to electronically sign documents remotely.

     

    E-residency card granting secure access to Estonian government services online

    The e-Residency card is a game-changer. With this card, you can access various Estonian government services securely online. You no longer need to physically be present in Estonia to interact with the government or handle administrative tasks related to your company.

     

    Digital identification enabling electronic signing of documents remotely

    One of the significant advantages of obtaining an e-Residency card is that it provides you with a digital identity. This digital ID allows you to electronically sign documents remotely, ensuring convenience and efficiency in managing your business affairs. Whether it’s signing contracts, agreements, or other legal documents, the e-Residency card simplifies the entire process.

     

    Benefits of e-residency for managing an Estonian company from anywhere globally

    The benefits of e-residency extend beyond just accessing government services and digitally signing documents. It offers flexibility and ease in running your Estonian company from anywhere globally. Here are some key advantages:

     

        1. Location Independence: With an e-Residency card, you have the freedom to operate your business from any location worldwide without being tied down by physical boundaries.

        1. Efficient Business Management: The ability to manage your Estonian company online streamlines processes and reduces administrative burdens.

        1. Access to Financial Services: E-residents can open bank accounts remotely and enjoy various financial services offered by Estonian banks.

        1. Business Expansion Opportunities: Having an Estonian company opens doors for expansion into European markets and facilitates international trade.

      1. Digital Infrastructure: Estonia boasts a robust digital infrastructure, ensuring a seamless online experience for businesses.

     

    Straightforward application process via official website

    Getting an e-Residency card in Estonia is a relatively straightforward process. You can apply for it through the official website of the Estonian government. Here’s how:

     

        1. Visit the Official Website: Go to the official e-Residency website and click on the “Apply” button.

        1. Fill in Personal Information: Provide your personal details, including your name, address, and contact information.

        1. Pay the Fee: Pay the required fee using a valid payment method.

        1. Choose Pickup Location: Select the location where you want to collect your e-Residency card once it’s ready.

        1. Wait for Processing: Your application will be reviewed by Estonian authorities, and once approved, you’ll receive an email notification.

      1. Collect Your Card: Visit the chosen pickup location with your passport or ID document to collect your e-Residency card.

     

    Costs associated with obtaining an e-residency card in Estonia

    While there are numerous benefits to acquiring an e-Residency card, it’s essential to consider the costs involved. Here’s a breakdown of some expenses:

     

        1. Application Fee: You can choose to pick up your e-Residency card in Estonia at either the Police and Border Guard Board’s Service Point, where the state fee is 100 €, or at the Estonian embassy, where the total state fee is 120 €. This includes 100 € for the application and 20 € for the courier, and you pay this amount when you submit your application

     

    Opening a Bank Account for Your Estonian Company

     

    Overview of Banking Options

    Now that you’ve obtained your e-Residency card and established your Estonian company, the next step is to open a bank account. Estonia offers a range of banking options for businesses, including both traditional banks and digital banking services provided by fintech companies. These options provide flexibility and convenience for managing your company’s finances.

     

    Requirements and Documentation

    To open a business bank account in Estonia, you’ll need to fulfill certain requirements and provide specific documentation. The exact requirements may vary depending on the bank or financial institution you choose, but here are some common prerequisites:

     

        1. Company Registration: You must have successfully registered your Estonian company with the authorities.

        1. Company Address: You will need to provide proof of your company’s registered address in Estonia.

        1. Share Capital: Some banks may require evidence of the share capital that has been paid into your company.

      1. Contact Person: Many banks will ask for details regarding the contact person responsible for managing the account.

    In addition to these requirements, you’ll need to submit identification documents such as passports or ID cards for all shareholders, directors, and authorized signatories associated with the company.

     

    Benefits of Digital Banking Services

    Estonia is known for its advanced digital infrastructure, which extends to its banking sector as well. One significant advantage of opening a business bank account in Estonia is access to convenient digital banking services offered by local banks. Here are some benefits:

     

        • Efficiency: Digital banking allows you to manage your finances online from anywhere in the world at any time.

        • Cost Savings: Many digital banking services have lower fees compared to traditional banks, helping you save money on transaction costs.

        • Ease of Use: User-friendly interfaces make it simple and intuitive to navigate through various banking functions.

      • Integration with Business Tools: Some digital banks offer integrations with accounting software and other business tools, streamlining your financial management processes.

     

    Transferring Funds and Making International Transactions

    Once you have opened a bank account for your Estonian company, you can begin transferring funds and making international transactions. Estonian banks provide various payment methods to facilitate these processes, including SEPA transfers (for European Union countries), SWIFT transfers (for international transactions), and local payment systems such as the Estonian Instant Payment System.

    To make international transactions, you’ll need to provide the necessary details of the recipient’s bank account, including their IBAN number. It is important to ensure that you accurately input this information to avoid any delays or errors in processing your transactions.

     

    List of banks avaiable for e-Residents

     


    WISE Bank Account
    Payoneer LHV
    Advantages – Seamless global finances – 10+ Currency Accounts in 1 Day – More than 200,000 clients
    – Borderless Banking – Global Swift WIRE (USD/Euro/GBP) – Strong investment and entrepreneurship experience
    – Low fees, real exchange rates – Payments from 200+ Countries – Monthly maintenance fee – 0 €
    – Multi-currency support in 80+ countries – Receive from 2000+ Marketplaces – Free of charge up to 50 SEPA payments
    – Convenient local bank details – Pay Worldwide: 200+ Countries – Debit card from 2€
    The application: The application: The application:
    – Fully online – Fully online – One visit in Tallinn required
    – Competitive FX Fees – Accepting card payments and payments in online stores
    – Payments via bank link

     

    Alternative Way: Purchase Ready Made European Company with VAT Registration

    If starting a company from scratch seems like too much hassle and you’re looking for an alternative approach, consider acquiring an existing European company with VAT registration. This option allows you to bypass the lengthy process of setting up a new business and provides several advantages.

     

    Exploring the Option of Acquiring an Existing European Company with VAT Registration

    By purchasing a ready-made company, you can save significant time and effort. The process of establishing a new business can be complex, involving paperwork, legal requirements, and administrative tasks. However, when buying an existing company, many of these steps have already been completed by the previous owner.

    Acquiring a ready-made European company with VAT registration gives you immediate access to the benefits that come with it. You can start conducting business transactions right away without having to wait for the registration process to be completed.

     

    Advantages of Buying a Ready-Made Company

     

    Understanding Legal Implications and Due Diligence Involved

    When considering purchasing a ready-made European company with VAT registration, it’s crucial to understand the legal implications involved in such transactions. Conducting thorough due diligence is essential to ensure that there are no hidden liabilities or issues associated with the acquired entity.

    Some key aspects to consider during due diligence include:

     

        1. Reviewing financial records: Carefully examining the financial statements and records of the company will help you assess its financial health and potential risks.

        1. Evaluating legal compliance: Ensuring that the company has complied with all local regulations, tax obligations, and licensing requirements is crucial to avoid any legal complications after acquisition.

      1. Assessing contractual agreements: Examining existing contracts, leases, and agreements will help you understand any ongoing commitments or obligations tied to the acquired company.

     

    Ensuring Compliance with Local Regulations and Tax Obligations

    After acquiring a ready-made European company with VAT registration, it’s essential to ensure ongoing compliance with local regulations and tax obligations. Familiarize yourself with the specific laws and requirements in the country where the company operates to avoid any penalties or legal issues.

     

        1. Register for local taxes: Even though the acquired company may already have VAT registration, you may need to register for other applicable taxes based on your business activities.

        1. Transfer ownership and licenses: Update all relevant licenses, permits, and registrations under your name as the new owner of the company.

      1. Comply with reporting requirements: Understand the reporting obligations imposed by local authorities and ensure timely submission of required documents.

     

    Evaluating Cost-Effectiveness and Suitability

    Before proceeding with purchasing a ready-made European company with VAT registration, it’s important to evaluate whether this alternative approach is cost-effective and suitable for your specific needs.

    Consider these factors:

     

        1. Cost comparison: Compare the costs associated with starting a new business from scratch versus acquiring an existing one. Take into account not only initial expenses but also ongoing operational costs.

        1. Alignment with your goals: Assess how well an acquired company aligns with your business objectives, target market, industry experience, and growth plans.

      1. Scalability potential: Evaluate whether the acquired entity has room for growth or expansion in line with your long-term vision.

     

    Register an EU Trademark for Your European Company and Claim SME Fund Grant

    Congratulations on completing the sections before the conclusion! By now, you have gained valuable insights into starting your own European company online. You’ve learned about the benefits of registering a business in Europe, the step-by-step process of company registration, and even discovered Estonia as a favorable location for your venture. We discussed obtaining an e-Residency card and opening a bank account for your Estonian company. But that’s not all!

    To take your European business to the next level, it’s crucial to protect your brand identity. Consider registering an EU trademark for your company. Not only does this safeguard your intellectual property rights across all member states but it also enhances credibility and trustworthiness among potential customers. Furthermore, by securing an EU trademark, you become eligible to claim grants from various Small and Medium-sized Enterprise (SME) funds available within the European Union.

    Ready to make your mark in Europe? Take action today by exploring trademark registration options and unlocking potential funding opportunities through SME grants. Remember, establishing a strong brand presence is essential in today’s competitive market. So why wait? Start building a successful European business now!

     

    Read more

    e-Notary in Estonia – How It Works?

    Understanding of an Estonian e-Notary Service Step by Step

    If you’re wondering, “e-Notary in Estonia how it works?” You’ve come to the right place. Estonia is leading the way in digital notarization, and their e-Notary system is an excellent example of this.

    Digital notarization is a process that allows documents to be signed and authenticated electronically, without requiring the physical presence of a notary public. Estonia’s e-Notary system takes this a step further by allowing notarial acts to be performed entirely online, including the verification of identities and the signing of documents.

    The e-residency program, which allows non-residents to access Estonian online services and conduct business remotely, has further expanded the reach and convenience of the e-Notary system.

    So, how exactly does e-Notary in Estonia work? Let’s explore the details.

    Key Takeaways:

      • Estonia’s e-Notary system allows notarial acts to be performed entirely online.
      • The system includes the verification of identities and the signing of documents.
      • The e-residency program allows non-residents to access the e-Notary system and conduct business remotely.

    Purchase Ready made EU company  or Register a company by Notary here.

    The Importance of Notarial Services

    In today’s digital age, online notary services have become increasingly important. A notary public is an official witness to the signing of legal documents and provides an added layer of authenticity and security to transactions. Their role is particularly crucial in areas such as real estate, finance, and law.

    Notarial services also offer protection against fraud and ensure that the signatories are who they claim to be. They are responsible for verifying the identity of the signatories and ensuring that they are signing the document of their own free will.

    One significant development in the world of notarial services is the emergence of digital signatures. These signatures, which are created using encryption technology, provide an added layer of security to transactions in the digital realm. They are tamper-proof, making them a valuable tool for protecting against fraud and ensuring the integrity of legal documents.

    “Notarial services are crucial for ensuring the authenticity and security of legal transactions, especially in the digital age with the rise of online notary services.”

    “Online notary services are rapidly growing in popularity, providing a convenient and efficient solution for those in need of notarial services.”

    Introduction to e-Notary in Estonia

    Electronic notarial acts or e-Notary in Estonia is a system that allows notarial services to be conducted digitally. With the emergence of the digital age, Estonia has taken the lead in streamlining notarial processes through digital notarisation.

    All notarial services previously conducted face-to-face can now be carried out remotely through this digital system. This has revolutionized the traditional notary system, making it more convenient and accessible for people from around the world.

    Estonia’s e-Notary system is a secure and efficient way to provide notarial services. It has been welcomed by many as a solution to the challenges of traditional paper-based notarial processes.

    “Digital signatures and electronic notarial acts have transformed the notarial landscape in Estonia, leading the way for other countries in the world.”

    Electronic notarial acts have the same legal effect as traditional notarial acts. They are done exclusively through a secure online platform, which ensures the authenticity and integrity of the documents.

    E-Notary in Estonia allows for the creation, authentication, and certification of documents in electronic form, making it an ideal solution for individuals and businesses that operate remotely or across borders.

    The digital notarization process in Estonia is quick and efficient and is an essential part of the country’s innovative e-governance system. It has transformed notary services and made them more accessible and efficient, providing a cost-effective and secure way of notarizing documents.

    Electronic Notarial Acts

    Electronic notarial acts or ENAs are digital documents that are signed and stored electronically. They are used in e-Notary in Estonia and have legal significance in the same way as traditional, paper-based notarial acts.

    Their validity is guaranteed by the Estonian State, which has put in place a legal framework to govern the use of electronic notarial acts. Through this framework, electronic notarization is recognized as a secure and authentic way to conclude various legal transactions.

    E-Notary in Estonia has made electronic notarial acts an integral part of the notarial system, which has transformed notary services in the country. Estonia’s advanced digital infrastructure has made it possible to create, certify and preserve electronic notarial acts, making the entire process smooth and straightforward.

    As such, electronic notarial acts have eliminated the need for physical presence during notarization. With e-Notary in Estonia, individuals and businesses can efficiently notarize their documents from any part of the world.

    Digital Notarization

    Digital notarisation is a process that involves the creation and certification of digital documents. It is conducted through a notary public, who is a licensed professional authorized by the Estonian Government to oversee the process of digital notarization.

    The notary public’s role is to verify the identity of the parties and ensure the authenticity and integrity of the documents. In e-Notary in Estonia, notaries work with electronic notarial acts and digital signatures, which provide a secure and efficient way of creating and certifying documents.

    Digital notarization has made notarial services accessible and efficient, providing a cost-effective and secure way of notarizing documents. It has eliminated the need for paperwork and reduced the time it takes to notarize documents.

    E-Notary in Estonia is leading the way in digital notarization, providing a secure, efficient, and innovative solution to traditional notarial processes.

    e-Residency and Notary Services

    One of the unique benefits of e-residency is the ability to access the innovative notary services offered by Estonia’s modern notary public system. E-residents can enjoy the convenience and efficiency of digital notarization services from anywhere in the world, without having to physically travel to Estonia.

    Moreover, notarized documents hold legal authenticity and provide a higher level of security in cross-border transactions, making them a crucial component of international business operations. The Estonia notary system is recognized across the EU and globally, making it an ideal solution for businesses looking to expand their reach.

    With the Estonian notary system, e-residents can access a wide range of notarial services, including digital signaturesremote notarization, and electronic notarial acts. These services are available through various online platforms, including the e-Notary portal, which allows e-residents to complete notarial acts via video conferencing.

    “As an e-resident, the ability to access notary services online saves me time and money. The process is straightforward, and I can complete notarial acts from the comfort of my home or office in the UK.” – John, a UK-based e-resident

    e-Residency and Notary Services for Businesses

    E-residency combined with the Estonian notary public system provides businesses with an attractive and cost-effective solution that streamlines cross-border transactions. It allows businesses to complete a range of notarial acts, including property transactions, share transfers, and the authentication of legal documents without ever leaving their home country.

    Moreover, the Estonian notary system offers a unique advantage for e-resident businesses as it is recognized across the EU and beyond, providing a secure and reliable solution for notarizing documents. This also gives e-resident businesses a competitive edge, enabling them to expand their operations and reach new markets.

    Therefore, e-residency combined with the Estonian notary system provides a hassle-free and cost-effective solution for businesses looking to operate beyond their home country’s borders.

    The Process of e-Notary in Estonia

    Remote notarization has become more prevalent in recent years, especially with the rise of digitalization and the need for efficient online services. In Estonia, e-Notary has been in place since 2000, and the process is straightforward and secure.

    Step 1: Confirm Identity

    The first step in the process of e-Notary is to confirm the identity of the parties involved. This can be done through the use of electronic identification, which is linked to the Estonian national identity database and allows for secure and efficient online authentication.

    Step 2: Choose a Notary

    Next, the parties must choose an Estonian notary to perform the notarial act. The Estonian Chamber of Notaries website provides a list of notaries available for remote notarization, allowing parties to choose a notary who specializes in their specific type of transaction. Don’t know which notary is suitable for your transaction? Hire Eesti Consulting.

    Step 3: Connect Online

    Once a notary has been selected, the parties can connect online through a video conferencing platform. The notary will confirm the identity of the parties once again before proceeding with the notarial act.

    Step 4: Sign the Document Digitally

    After the identity of the parties has been confirmed, the notary will provide the document for e-signing. The document can be signed digitally, using qualified electronic signatures that are recognized in the EU and in many other countries worldwide.

    Step 5: Notarize the Document

    Once the document has been signed, the notary will notarize it electronically using a secure digital seal. This seal ensures the authenticity and integrity of the document, providing legal validity and recognition.

    “e-Notary in Estonia has made notarial services more accessible and convenient for clients, allowing them to complete transactions from anywhere in the world,” said Merle Saar-Johanson, a notary public in Estonia.

    e-Notary in Estonia has revolutionized traditional notarial processes, offering a streamlined and secure way to complete notarial acts remotely. With the use of digital signatures and electronic notarial acts, parties can sign and notarize documents from anywhere in the world, saving time and money. This process has become increasingly important in the current climate, where remote transactions are becoming the norm.

    Advantages of e-Notary in Estonia

    When it comes to notarial services, Estonia has embraced the digital era, providing its citizens and e-residents with the convenience and accessibility of e-Notary services. Digital notarization has revolutionized traditional notarial processes, offering a range of benefits over the traditional in-person method.

    One of the major advantages of e-Notary in Estonia is the accessibility of virtual notary services. With electronic notarial acts, notarial services can be easily accessed remotely, without the need for physical presence. This makes the process more efficient and cost-effective for both parties involved.

    Furthermore, virtual notary services can be conducted at any time, as long as both parties have access to an internet connection and the necessary equipment. This is particularly useful for individuals who are unable to attend in-person notary services due to geographical or logistical limitations.

    In addition, digital notarization offers increased security for both parties involved. With electronic notarial acts, documents can be signed and notarized securely, and the authenticity of the notarized documents can be easily verified. This reduces the risk of fraud or manipulation, providing greater legal protection for all parties involved.

    “Estonia has set a benchmark with its e-Notary system, providing a convenient and secure way of accessing notarial services. The virtual notary services offered by the Estonian notary system are a game-changer, enabling anyone with an internet connection to have their documents notarized remotely.”

    With the growth of global business and the rise of remote work, e-Notary in Estonia has become an increasingly valuable tool for international transactions. With digital notarization, businesses can easily conduct transactions across borders, without the need for physical presence.

    Overall, e-Notary in Estonia offers a range of advantages over traditional notarial services. The accessibility, security, and convenience of digital notarization make it an attractive option for individuals and businesses alike.

    Validity and Recognition of e-Notarized Documents

    One of the biggest concerns with e-Notary in Estonia is the validity and recognition of digitally notarized documents. However, the Estonian government has taken steps to ensure that e-notarized documents hold the same legal weight as traditional paper documents.

    The legal framework surrounding e-Notary in Estonia is governed by the Digital Signatures Act and the Notaries Act. These acts provide a clear definition of electronic notarial acts and outline the legal requirements for their use.

    Notarized documents in Estonia are also recognized internationally under the Hague Convention of 5 October 1961 Abolishing the Requirement of Legalisation for Foreign Public Documents. This means that e-notarized documents can be accepted in various jurisdictions without the need for further authentication.

    It’s important to note that the recognition of e-notarized documents may vary depending on the laws of the specific jurisdiction. However, as e-Notary and digital notarization continue to gain acceptance and popularity, it’s likely that more jurisdictions will adopt similar legal frameworks to ensure the validity and recognition of electronically notarized documents.

    Overall, the validity and recognition of e-notarized documents is a crucial aspect of the e-Notary system in Estonia. With a robust legal framework and international recognition, individuals and businesses can trust that their electronically notarized documents hold the same legal weight as traditional paper documents.

    The Future of e-Notary

    As technology continues to progress, it is likely that e-Notary services in Estonia will evolve to become even more efficient and accessible. One potential area of development is the use of blockchain technology to create an even more secure and tamper-proof system for digital notarization. This could help to further increase the trust in e-Notary services and make them even more widely accepted.

    Another possible development is the expansion of virtual notary services, which could lead to a more flexible and convenient system for completing electronic notarial acts. With the increasing popularity of remote work and online transactions, this could prove to be a significant advantage for individuals and businesses alike.

    The Impact of COVID-19

    The COVID-19 pandemic has highlighted the importance of digital solutions, and e-Notary services in Estonia have been no exception. With social distancing measures and restrictions on physical contact, the ability to complete notarial acts remotely has been crucial. This has led to a surge in demand for e-Notary services, and has also demonstrated the resilience of the Estonian notary system.

    “The COVID-19 pandemic has accelerated the development of digital solutions, and the Estonian notary system has proven to be well-equipped to handle the increased demand for online notarization services.”

    Overall, the future of e-Notary in Estonia looks promising, with the potential for further advancements in technology and a continued commitment to providing efficient and secure notarial services. The convenience of virtual notary services and the reliability of electronic notarial acts make e-Notary an attractive option for those seeking legal authenticity in the digital age.

    Exploring E-Residency and e-Notary Opportunities

    Estonia’s e-residency program has become a popular option for individuals and businesses looking to expand their international capabilities. With e-residency, you can establish and manage a company in Estonia entirely online, without the need for physical presence. This has become particularly useful in the global pandemic era, where travel has become increasingly restricted.

    One of the key advantages of e-residency is the seamless integration with Estonia’s digital notarization system. By obtaining e-residency, you can easily access and use e-Notary in Estonia for various legal transactions, such as contracts and agreements. This eliminates the need for physical notarization, saving you time and money.

    Moreover, e-Notary in Estonia offers remote notarization services, allowing you to complete notarial acts from anywhere in the world. This can be done through online platforms and video conferencing, ensuring security and authentication of the document.

    The combination of e-residency and e-Notary in Estonia opens up a world of opportunities for cross-border transactions and international business operations. With the ability to establish and manage a company in Estonia, as well as access digital notarization services, you can expand your business globally without the traditional barriers of physical presence and paperwork.

    Overall, e-residency and e-Notary in Estonia have proven to be a game-changer for individuals and businesses looking to operate efficiently and effectively in the digital age. By embracing digital innovation and streamlining traditional notarial processes, Estonia has become a leading example in the world of e-government and digital transformation.

    “The combination of e-residency and e-Notary in Estonia opens up a world of opportunities for cross-border transactions and international business operations.”

    Conclusion

    In conclusion, e-Notary in Estonia represents a major leap forward in the digital age. With digital notarization, electronic notarial acts, remote notarization and virtual notary services, Estonia has established an efficient and secure notary system that is accessible to everyone. By embracing the opportunities of e-residency and digital innovation, Estonia has created a framework for cross-border transactions and international business operations that is hard to beat.

    It is clear that e-Notary in Estonia has enormous potential for the future. With the development of new technologies and the ongoing improvements in virtual notary services, the possibilities are virtually limitless. And by leveraging the power of e-residency, individuals and businesses around the world can benefit from this innovative system. Whether you are a resident or a non-resident, e-Notary in Estonia is a game-changer that is well worth exploring.

    Questions ans Answers

    e-Notary

    • What is e-Notary in Estonia?

      e-Notary in Estonia is a digital notarization system that allows individuals and businesses to complete notarial acts online, eliminating the need for physical presence at a notary’s office.

    • What is the role of a notary public in e-Notary?

      The notary public in e-Notary acts as a trusted third party who verifies the identity of the parties involved, ensures the authenticity of the documents, and provides legal validation to the notarized acts.

    • What are the benefits of Estonia's e-residency program?

      Estonia’s e-residency program allows individuals to establish an online presence in Estonia, enabling them to access various digital services, including e-Notary. This provides convenience, efficiency, and access to the Estonian notary system from anywhere in the world.

    • How does e-Notary streamline traditional notarial processes?

      e-Notary streamlines traditional notarial processes by digitizing the entire process, reducing the need for physical paperwork and in-person meetings. It offers convenience, accessibility, and faster turnaround times for notarizing documents.

    • Can e-residents benefit from the Estonian notary system?

      Yes, e-residents can benefit from the Estonian notary system by utilizing e-Notary services. They can remotely notarize documents, create legally binding agreements, and access other notarial services offered by Estonia’s digital platform.

    • How does remote notarization work in e-Notary?

      Remote notarization in e-Notary involves the use of online platforms, video conferencing, and secure digital identification methods to verify the identities of the parties involved. The notary public oversees the process and ensures the proper execution of notarial acts.

    • What are the advantages of e-Notary in Estonia?

      The advantages of e-Notary in Estonia include convenience, accessibility, cost-effectiveness, increased security, and improved efficiency. It allows for remote notarization, eliminates the need for physical paperwork, and reduces the time and effort required for notarial processes.

    • Are e-notarized documents valid and recognized internationally?

      Yes, e-notarized documents are valid and recognized internationally. Estonia has a legal framework in place that ensures the validity and acceptance of digitally notarized documents in various jurisdictions.

    • What does the future hold for e-Notary in Estonia?

      The future of e-Notary in Estonia looks promising, with potential advancements in virtual notary services and emerging technologies that could further enhance the efficiency and accessibility of digital notarization.

    • How can individuals and businesses explore e-Notary opportunities in Estonia?

      Individuals and businesses can explore e-Notary opportunities in Estonia by becoming e-residents and accessing the digital services offered by Estonia’s e-residency program. By doing so, they can easily utilize the digital notarization services provided by the Estonian notary system.

    • Where I can buy a ready made company by Notary Public?

      You can purchase a ready made company from Estonia by Notary Public if you meet all KYC& AML recruitments and provide us with notarized and apostilled Power of Attorney.

    Read more

    Digital Nomad Visa Estonia – Eligibility & How to Apply

    Digital Nomad Visa Estonia – Eligibility & How to Apply

    Tired of being tied down to a single location for work? Dreaming of a life where you can work from anywhere while exploring new cultures? Estonia has the perfect solution for you – a special visa designed exclusively for digital nomads.

     

    With Estonia’s digital nomad visa, you can finally break free from the confines of traditional office spaces and embrace a life of flexibility and adventure. 🌍 This unique opportunity allows remote workers like yourself to live and work in Estonia, one of the most innovative and tech-savvy countries in the European Union. 💼💻

    Say goodbye to long commutes and hello to breathtaking landscapes as you set up your laptop in charming cafes ☕ or cozy co-working spaces 🏢 across this picturesque Baltic nation. 🏞️ The process is hassle-free, requiring just a few simple steps such as providing a digital photo 📷, proof of identity 📑, and median download speeds. 🚀

    Don’t let your dreams be confined by borders any longer. Discover how Estonia’s digital nomad visa can turn your wanderlust into reality. So pack your bags 🧳, update your resume 📄, and get ready to embark on an unforgettable journey as a digital nomad in Estonia! 🛫🇪🇪

     

    Eligibility requirements for the Estonia Digital Nomad Visa

    To be eligible for the Estonia Digital Nomad Visa, there are certain requirements that applicants must meet. Let’s break them down:

    Active Employment Contract or Self-Employment

    First and foremost, applicants must have an active employment contract or be self-employed. This means you need to either have a job offer from an Estonian company or be running your own business as a freelancer or entrepreneur. The idea behind this requirement is to ensure that individuals seeking the digital nomad visa have a legitimate source of income while residing in Estonia.

    Meeting Minimum Income Threshold

    In addition to having an employment contract or being self-employed, applicants also need to prove that their income meets a minimum threshold. This ensures that individuals can financially support themselves during their stay in Estonia without relying on public assistance. The specific income threshold may vary depending on factors such as family size and personal circumstances.

    Valid Health Insurance Policy

    Having a valid health insurance policy is another crucial requirement for obtaining the Estonia Digital Nomad Visa. This ensures that individuals have access to necessary healthcare services while living in Estonia. It is important to note that the health insurance policy needs to cover medical expenses in Estonia specifically.

    Meeting these eligibility requirements demonstrates your ability to contribute economically and support yourself while enjoying the benefits of being a digital nomad in Estonia. It ensures that you have a stable source of income, adequate healthcare coverage, and legal permission to work remotely from this beautiful Baltic country.

    By requiring proof of active employment or self-employment, the Estonian government aims to attract professionals who can bring their skills and expertise into the local economy. This not only benefits individual digital nomads but also contributes positively to the overall growth and development of Estonia.

    The income threshold requirement guarantees that digital nomads can sustain themselves financially during their stay in Estonia without becoming a burden on public resources. It ensures that you can cover your living expenses, accommodation, and other necessary costs while enjoying the unique experiences Estonia has to offer.

    Having a valid health insurance policy is essential for your well-being and peace of mind. It ensures that you can access quality healthcare services in Estonia whenever needed. This requirement protects both digital nomads and the local healthcare system, ensuring that everyone receives the care they require.

     

     

    The advantages of the Estonia Digital Nomad Visa

    Legal Residence and Work for 12 Months

    One of the major perks of obtaining the Estonia Digital Nomad Visa is that it allows you to legally reside and work in Estonia for up to 12 months. This means you can fully immerse yourself in the country’s vibrant culture, explore its picturesque landscapes, and experience life as a local. Whether you’re a freelancer, remote worker, or entrepreneur, this visa opens up exciting opportunities for you to live and work in one of Europe’s most innovative countries.

    Access to Public Services

    Another advantage of the Estonia Digital Nomad Visa is that it grants you access to all public services available to residents. This includes healthcare and education, ensuring that your well-being and personal development are taken care of during your stay. You can rest easy knowing that if any medical issues arise or if you have children who require schooling, Estonia has got you covered.

    Gateway to Explore Europe’s Schengen Area

    By obtaining the Estonia Digital Nomad Visa, you gain entry into Europe’s Schengen Area. This means that not only can you enjoy all that Estonia has to offer but also easily travel throughout other European countries without needing additional visas. Imagine hopping on a train from Tallinn and exploring neighboring countries like Finland, Latvia, or Lithuania with ease. The visa provides the freedom and flexibility to embark on unforgettable adventures across Europe.

    Now let’s take a closer look at some specific advantages:

     

      • Flexibility: The digital nomad visa allows you to choose where and when you work while enjoying all the benefits of living in Estonia.
      • Networking Opportunities: Being part of Estonia’s thriving digital nomad community gives you ample opportunities to network with like-minded individuals from around the world.
      • Innovation Hub: Estonia is known for its advanced digital infrastructure and e-services, making it an ideal destination for entrepreneurs looking to launch or grow their businesses.
      • Quality of Life: Estonia consistently ranks high in terms of safety, quality of life, and work-life balance, making it an attractive destination for digital nomads seeking a comfortable and fulfilling lifestyle.
      • Cultural Richness: Immerse yourself in Estonia’s rich history, traditions, and cultural events. From medieval castles to vibrant music festivals, there’s always something exciting happening.

    While the Estonia Digital Nomad Visa offers numerous advantages, it’s important to consider any potential drawbacks as well:

      • Limited Duration: The visa is valid for up to 12 months, which means you’ll need to plan your stay accordingly if you wish to continue living and working in Estonia beyond that period.
      • Residency Requirements: To maintain your visa status, you must spend at least 183 days per year physically present in Estonia. This requirement may not be suitable for those who desire more flexibility in their location-independent lifestyle.

    How to apply for the Estonia Digital Nomad Visa

    To apply for the Estonia Digital Nomad Visa, you will need to follow a few simple steps. Let’s break it down:

    Applications are submitted online

    The first thing you need to know is that applications for the Estonia Digital Nomad Visa are submitted online through the Estonian Police and Border Guard Board website. This means you can complete the entire application process from the comfort of your own home or wherever you have an internet connection.

    Pay a processing fee

    When submitting your application, be prepared to pay a processing fee. This fee helps cover the administrative costs associated with reviewing and processing your visa application. The exact amount may vary, so make sure to check the current fee on the official website before submitting your application.

    Biometric data may be required

    As part of the application process, you may be required to provide biometric data, such as fingerprints. This helps establish your identity and ensures that there is no fraudulent activity associated with your visa application. Don’t worry though, this is a standard procedure for many visa applications and is done to protect everyone involved.

    Once you have completed these steps and submitted your application, it will be reviewed by the authorities. They will assess whether you meet all the eligibility criteria and if everything checks out, you will receive your Estonia Digital Nomad Visa.

    Remember, each country has its own specific requirements and processes. It’s important to do thorough research and understand what is expected of you before applying. In this case, Estonia has made it relatively straightforward by allowing online applications and providing clear guidelines on their official website.

    Being able to apply for a digital nomad visa opens up exciting opportunities for individuals who want to live and work remotely while exploring new countries. It allows them to experience different cultures, connect with like-minded individuals from around the world, and enjoy all that Estonia has to offer.

    So, if you’re dreaming of becoming a digital nomad and Estonia is on your list of potential destinations, go ahead and start the application process. Who knows? You may soon find yourself sipping coffee in a charming Estonian cafe while working on your laptop.

    Required documents for the Estonia Digital Nomad Visa

    Valid Passport

    To apply for the Estonia Digital Nomad Visa, you will need a valid travel document, which is your passport. Make sure your passport has at least six months of validity remaining before it expires. This requirement ensures that you have a valid identification document that allows you to enter and stay in Estonia legally.

    Proof of Accommodation

    Another essential document you need to provide is proof of accommodation in Estonia. This can be in the form of a rental agreement or a hotel reservation. The Estonian authorities want to ensure that you have a place to stay during your time as a digital nomad in their country. So, make sure you have this evidence ready when applying for the visa.

    Sufficient Financial Means

    One crucial aspect of obtaining the Estonia Digital Nomad Visa is demonstrating sufficient financial means to support yourself during your stay in the country. You must show that you have enough funds to cover your living expenses, such as accommodation, food, transportation, and other necessities.

    It’s important to note that there is no fixed amount specified by the Estonian government regarding how much money you need to have. However, it’s recommended to have enough savings or income sources to sustain yourself comfortably without relying on public assistance.

    In addition to these key documents mentioned above, there may also be additional requirements depending on your specific circumstances and the discretion of the Estonian authorities. These additional documents might include:

      • Proof of health insurance coverage: It’s advisable to have comprehensive health insurance that covers medical expenses while you’re in Estonia.
      • Background check certificate: Some applicants may be required to submit a criminal record or background check certificate from their home country.
      • Purpose statement: You might need to provide a written statement explaining why you wish to live and work as a digital nomad in Estonia.

    Remember that it’s crucial to carefully review all the specific requirements outlined by the Estonian government and embassy or consulate in your home country. By ensuring you have all the necessary documents, you increase your chances of a successful application for the Estonia Digital Nomad Visa.

    So, gather your valid passport, proof of accommodation, and evidence of sufficient financial means, and get ready to embark on an exciting digital nomad journey in Estonia!

    Taxes and financial obligations for the Estonia Digital Nomad Visa

    When you’re living the digital nomad life in Estonia, it’s important to understand your tax and financial obligations. Let’s dive into what you need to know about taxes and how they apply to the Estonia Digital Nomad Visa.

    Income earned outside of Estonia is not subject to Estonian taxes.

    One of the major perks of being a digital nomad in Estonia is that income earned from sources outside of Estonia is generally not subject to Estonian taxes. So if you’re earning money remotely from clients or companies based in other countries, you won’t have to worry about paying taxes on that income in Estonia. This can be a significant advantage for those who work with international clients or have an online business.

    However, local taxes may apply if income is generated within Estonia.

    While income earned outside of Estonia is tax-free, it’s a different story if you generate income within the country. If you provide services locally or earn money through any activities conducted within Estonia, you may be liable for local taxes. It’s essential to consult with a tax professional or accountant familiar with Estonian tax laws to determine your specific obligations based on your circumstances.

    Social security contributions may also be required depending on individual circumstances.

    As a digital nomad in Estonia, you may also need to consider social security contributions. These contributions are typically required if you plan on staying in the country for an extended period and want access to government services such as healthcare and other benefits. The amount of social security contributions will depend on various factors like your income level and whether or not you have dependents. Again, consulting with an expert will help ensure compliance with these requirements.

    To summarize:

      • Income earned outside of Estonia is generally not subject to Estonian taxes.
      • Local taxes may apply if income is generated within Estonia.
      • Social security contributions may be required depending on individual circumstances.

    It’s crucial to keep accurate records of your income, expenses, and any taxes paid to ensure you’re meeting your obligations. Maintaining good financial practices will help you stay on top of your tax situation and avoid any unnecessary penalties or issues.

    Remember, while the Estonia Digital Nomad Visa offers many benefits, it’s essential to understand and fulfill your tax and financial responsibilities. Seeking professional advice can provide clarity and peace of mind as you navigate the world of digital nomadism in Estonia.

    Processing time and visa appointment at the embassy

    The processing time for an Estonian digital nomad visa is typically around 30 days. So, once you’ve submitted your application, you’ll need to be patient and wait for a notification via email. Keep an eye on your inbox because that’s where you’ll receive updates about the status of your application.

    One great thing about applying for an Estonian digital nomad visa is that there is no requirement for an in-person appointment at an embassy or consulate. Unlike some other types of visas, you won’t have to worry about booking a flight or traveling to the nearest embassy.

    Instead, everything can be done online from the comfort of your own home. You can complete the entire application process without ever leaving your couch (or wherever else you like to work as a digital nomad). This makes it incredibly convenient and hassle-free.

    The absence of an in-person appointment also means that you won’t have to deal with long queues or wait times at embassies. You won’t have to take time off work or rearrange your schedule just to visit an embassy. Instead, you can focus on preparing all the necessary documents and submitting them online.

    Another benefit of not having an in-person appointment is that it saves you money on travel expenses. Applying for certain visas often requires applicants to travel to their home country’s embassy or consulate, which can be quite costly. With the Estonian digital nomad visa, however, you can avoid these additional expenses.

    Overall, the streamlined process for obtaining an Estonian digital nomad visa allows you to save time and effort while still ensuring compliance with standard visa rules. It eliminates unnecessary bureaucratic hurdles and simplifies the application process so that you can focus on what matters most: living and working as a digital nomad in Estonia.

    So, if you’re dreaming of becoming a digital nomad in Estonia, rest assured that getting a digital nomad visa is a relatively straightforward process. With a processing time of around 30 days and no requirement for an in-person appointment, you can start planning your adventure sooner than you think.

    Benefits of choosing Estonia as a digital nomad destination

    Congratulations! You’ve reached the end of our blog post, and now you’re armed with all the information you need to pursue your digital nomad dreams in Estonia. So why should you choose Estonia as your ultimate destination? Well, let me tell you, it’s not just because they have beautiful landscapes and charming cities. No, Estonia goes above and beyond for digital nomads like yourself.

    First off, their Digital Nomad Visa program is a game-changer. With its straightforward eligibility requirements and streamlined application process, getting your foot in the door has never been easier. Plus, once you’re approved, you’ll enjoy a wide range of benefits like access to top-notch healthcare, a safe and secure environment, and an incredible work-life balance that will make your fellow nomads green with envy.

    But wait, there’s more! Estonia is also known for its vibrant tech scene and innovative spirit. As a digital nomad here, you’ll be surrounded by like-minded individuals who are pushing boundaries and creating cutting-edge solutions. And let’s not forget about the stunning nature that awaits just outside your doorstep – from picturesque forests to breathtaking coastlines – Estonia truly has it all.

    So what are you waiting for? Pack up your laptop (and maybe some warm clothes), apply for that Estonian Digital Nomad Visa, and get ready to embark on an adventure of a lifetime!

     

    Digital Nomad Visa Questions

    • Can I work remotely while on the Estonian Digital Nomad Visa?

      Absolutely! The whole point of the Estonian Digital Nomad Visa is to allow remote workers like yourself to live and work in Estonia legally. As long as your primary source of income comes from outside of Estonia and you meet the visa requirements, you can continue working remotely while enjoying all that this beautiful country has to offer.

    • How long does it take to process the Estonian Digital Nomad Visa?

      The processing time for the Estonian Digital Nomad Visa can vary, but typically it takes around 30 days from the submission of your application. However, it’s always a good idea to apply well in advance to allow for any unforeseen delays. So make sure you gather all the necessary documents and submit your application as early as possible.

    • Can I bring my family with me on the Estonian Digital Nomad Visa?

      Yes, you can! The Estonian Digital Nomad Visa allows you to bring your spouse and children under the age of 18 with you. They will also have access to healthcare and education services in Estonia. Just make sure that they meet the eligibility requirements and include their information in your visa application.

    • Do I need to pay taxes in Estonia if I have the Digital Nomad Visa?

      Nope! One of the great advantages of the Estonian Digital Nomad Visa is that you are not required to pay income tax in Estonia if your income is generated outside of the country. However, keep in mind that tax laws can be complex, so it’s always a good idea to consult with a tax professional or seek advice from relevant authorities.

    • Can I travel within the Schengen Area with an Estonian Digital Nomad Visa?

      Absolutely! Once you have obtained your Estonian Digital Nomad Visa, it allows you to travel freely within the Schengen Area for up to 90 days within a 180-day period. So feel free to explore other European countries while still having Estonia as your home base. Just remember to keep track of your travel dates and ensure compliance with visa regulations.

    Read more

    E-Residency in Ukraine: Is It Worth It?

    Well, Ukrainian E-Residency is a program designed to enable foreign citizens, particularly those in the IT field, to establish and manage businesses in Ukraine even if they’re not physically located in the country. This offers freelancers working with Ukrainian IT firms a way to legitimize their business partnerships. Plus, holding e-Resident status can prove valuable when seeking employment in the international job market. With official registration and compliance with Ukrainian laws, you can smoothly handle contracts and enhance your global business connections. 🌐💼👩‍💻 Lookin for e-Residency in Ukraine? Compare it with Estonian e-Residency first!

     

    4 Benefits of Ukrainian e-Residency 🌟🇺🇦

     

    Experience the simplicity of paying a Flat 5% Income Tax 💰: The Ukrainian government designed this program to simplify taxation, ensuring you only owe a flat 5% tax on your income.

    Secure Your E-Signature for ultimate convenience 🖋️: With an e-signature, easily sign contracts and documents from anywhere, making it incredibly convenient for online work when you’re not physically in the country.

    Open a Bank Account with Ease 💳 Ukraine has streamlined the process with a digital identification and verification system, enabling you to open a bank account entirely online, eliminating the need for a physical visit.

    Benefit from Professional Assistance 🤝📚 When you become a Ukrainian e-Resident, you’ll receive support from an English-speaking personal manager, giving you access to professional guidance for your endeavors.

     

    🇺🇦🇪🇪 Ukraine e-Residency vs Estonian e-Residency

    Looking to become an e-resident but not sure which country to choose? Let’s compare Ukraine and Estonia’s e-Residency programs in a simple and friendly way to help you decide:

    Ukraine e-Residency 🇺🇦:

    • 💼 Business Opportunities: Ukraine offers access to a growing IT market, making it great for tech-savvy entrepreneurs.
    • 💰 Flat Tax: Enjoy a low, flat tax rate of 5% on your income as a private entrepreneur.
    • 🏦 Remote Banking: Easily open a bank account online, without needing to visit the country.
    • 🤝 Professional Assistance: Benefit from English-speaking personal managers to support your activities.

    Estonian e-Residency 🇪🇪 – Apply here for e-Residency card.

    • 💡 Digital Pioneers: Estonia is known for its advanced digital infrastructure, offering access to cutting-edge e-services.
    • 🏢 Low Startup Costs: Minimal maintenance and startup costs make it appealing to small businesses and startups.
    • 💶 Eurozone Benefits: Use euros for transactions, and enjoy EU, OECD, NATO, and eurozone membership.
    • 🔒 Secure Transactions: Get two unique PIN numbers for added security in your transactions.

    Both programs have their unique advantages. Your choice depends on your business goals and preferences. 🌍💼

     

     

     

    🚀 Free Consultation 👋

    Read more
    Ready Made EU companies

    🚀 Ready Made EU & Non European Companies with VAT

    Are you interested in owning a European company with VAT registration or non EU company but don’t want to go through the lengthy process of setting up one from scratch? Look no further! In this article, we’ll explore the advantages of ready-made EU shelf companies with VAT and how they can save you time and effort. 🏁

     

    Advantages of Ready Made Companies

     

    Speedy Launch: Starting a new company can be a bureaucratic maze. However, with a ready-made EU and non-EU company, you can skip the time-consuming registration process. We’ll show you how to hit the ground running. 🚀

    Immediate VAT Benefits: VAT registration can be a tedious task, but with a pre-existing company, you can enjoy VAT benefits from day one. Learn how this can give you a competitive edge. 💼

    Established Reputation: Trust is paramount in business. We’ll discuss how buying a ready-made company can provide you with an established business history, potentially boosting your credibility in the market. 🌐

    Avoiding Legal Hassles: Starting a new company involves navigating legal hurdles. Discover how purchasing a ready-made EU and non-EU company can help you sidestep legal complexities. 📜

    Expert Guidance: Wondering how to choose the right ready-made company? Our expert guidance will walk you through the process, ensuring you make a sound investment. 🧐

     

    🇬🇧 UK British Companies and Estonian Companies

     

    UK British Companies – Skip the Wait! ⏳

    For sale: 🇬🇧 British UK ready-made company – VAT registered. If you want to start a business in the United Kingdom, you shall register a British limited liability company and then start with VAT registration. This process takes 6-12 weeks, so it is time-consuming. Our company has registered several companies in England that have been given a VAT number with GB prefix. These companies are ready for international trading. If you wish – we can obtain an EORI number if you intend to export or import goods from third-countries. 🌍

     

    Estonian Companies – Speed Up Your Business in Estonia! 🇪🇪

    🚀 Not e-Resident yet? No matter what is the reason for that – I believe that you are in a hurry! 💨 Need an Estonian company with VAT registration, EORI number, and other paperwork? You are in a good place. We have various shelf companies registered under the law of Estonia. Companies are VAT registered – they have EE prefix and a valid VAT EE number. We guarantee that Estonian shelf companies are in great standing, with neither civil nor tax liabilities. Get a Certificate of Tax Clearance and VAT Certificate upon your request. 🌐 Eesti Consulting is provided with FIU licensed number: FIU000310 by acting as “company & service provider.” 📄

     

    Ready Made Companies + Bank Account

    Ready-made EU and non-EU companies with VAT offer a convenient and time-saving solution for individuals who want to jumpstart their business without the hassle of company registration. With immediate access to VAT benefits, an established reputation, and expert guidance, this option is worth considering for those looking to hit the ground running in the European market. Don’t let bureaucracy hold you back—take advantage of the opportunities a ready-made company can offer. 💼🌐

     

    Open WISE Bank Account

    Worth it for seamless global finances: Borderless Banking, low fees, real exchange rates, multi-currency support in 80+ countries, and convenient local bank details. 🌐💸💳🌍🏦

    Open WISE Now!

    🌐 Borderless Banking
    💸 Low Fees, Real Rates
    💳 Multi-Currency (USD, GBP, EUR)
    🌍 80+ Countries
    🏦 Local Bank Details

    Unlock your Business Potential with Payoneer account

    Open Payonner account Now!

    🏦 10+ Currency Accounts in 1 Day
    💼 Global Swift WIRE (USD/Euro/GBP)
    💰 Payments from 200+ Countries
    🌐 Receive from 2000+ Marketplaces
    💳 Pay Worldwide: 200+ Countries
    💳 Multi-currency MasterCard
    💲 Competitive FX Fees

    More than 200,000 clients are using banking services. Bank has the strongest investment and entrepreneurship experience.

    Open bank account at LHV

    • Monthly maintenance fee – 0 €
    • Free of charge up to 50 SEPA payments
    • Debit card from 2€
    • Accepting card payments and payments in online stores
    • Payments via bank link
    Read more
    • 1
    • 2