Costs of Estonian Company in 2024

Costs of Estonian Company in 2024

Read our article about costs of Estonian Company in 2024 Year.  You can read here about costs of company registration by e-Residency card, by notary public and the last alternative:  ready made company.

Advantages of Estonia

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.

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

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

 

Registration by Notary Public

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
Passport copy of a founder

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.

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

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.

 

 

 

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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.

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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

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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

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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! 💼💡

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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.
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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!

 

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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

 

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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

 

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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

 

 

 

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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.

 

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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.

 

 

 

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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)

 

 

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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

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🏦 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
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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 €
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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!

 

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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.

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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.

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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 👋

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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
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Subsidiary in Estonia

Subsidiary in Estonia – Register It!

Open Subsidiary in Estonia

A subsidiary company is a business entity that is controlled and owned by another company, known as the parent company. The parent company holds a significant portion of the subsidiary’s voting stock, allowing it to influence and make decisions for the subsidiary.

🇬🇧 A British company will retain 100% ownership in an Estonian company. The British company is the sole shareholder in the Estonian company. 🇪🇪

10 Benefits of a Subsidiary in Estonia

🌍 Access to the European Single Market: Estonia offers easy access to the European Single Market, allowing your business to tap into a vast customer base without hassles.

💰 Low Corporate Taxation:   Deffer Corporation Tax – 0% Corporation Tax – See more tax benefits of opening company in Estonia (Regarding Corporate Income Tax (CIT), the relevant rate is set to rise to 22% in 2024)

💼🌱 Tax Exemptions for Reinvested Profits: Estonia encourages long-term investment by exempting corporate income tax on reinvested profits, helping your business grow sustainably.

🤝✅ Ease of Doing Business: Estonia consistently ranks at the top of business-friendly countries, with accolades such as being 1st in the International Tax Competitiveness Index in 2022 and ranking 18th in the Ease of Doing Business Index in 2019.

📈🔐 E-Residency Program: Estonia’s E-Residency program is thriving, with over 105,011 e-residents and 27,090 Estonian companies established by e-residents. It’s a fantastic option for remote management of your subsidiary.

💼🎓 Skilled Workforce: Estonia boasts a highly educated and tech-savvy workforce, ready to support your business endeavors. Hire employees through Upwork.com directly from Tallinn.

🏛️🤝 Stable Political Environment: Estonia’s stable political climate and commitment to the rule of law ensure a secure and reliable business environment.

📚🔒 Protection of Intellectual Property: Estonia enforces strong intellectual property laws. Our firm, Eesti Consulting, can help you register a trademark in Estonia or the EU for your subsidiary company.

🇪🇺💰 Access to EU Funding: Whether you represent an Estonian company or a foreign one registered in an EU country, you’re eligible for EU funding. But hurry, it’s first come, first served! You can get grants from the EU and reduce state fees by -75%.

🌟🌐 Strategic Location: Estonia’s strategic location in Northern Europe serves as a gateway to markets in Scandinavia and the Baltics, making it a prime choice for expansion.

Registration a subsidiary in Estonia offers numerous benefits, from tax advantages to a supportive business environment, and our Eesti Consulting team is here to assist you every step of the way! 🇪🇪🏢💼

Start Registration Subsidiary in Estonia

Free consultation

Get a free consultation with Eesti Consulting lawyers!
 

Open Branch in Estonia

🌍 Foreign Branch in Estonia 🇪🇪

Imagine your company wants to expand its reach to Estonia! 🛫 But instead of creating a whole new company there, you decide to open a foreign branch. 🏢

This branch in Estonia is like a branch of a tree, attached to your main company trunk. 🌳 It’s part of your company, but it’s located in a different country.

The cool thing is, your Estonian foreign branch operates under your company’s name and follows your company’s rules. It’s like having a friendly outpost in Estonia, ready to do business on your behalf. 👥📈

While it enjoys some independence to adapt to local stuff, like Estonian laws and market trends, it’s still part of your company family. 💼

So, when it comes to profits, losses, and assets, they’re all part of the same pot. 🍲

But be ready for some paperwork! 📝 Your Estonian foreign branch will need to follow Estonian regulations, and there might be some tax considerations to sort out in both your home country and Estonia. 💰📑

It’s a great way to expand your company’s horizons and make friends in Estonia. 🇪🇪🌟 Just remember, it’s a bit like having a distant cousin – related but with its own unique character! 😉

🇪🇪 Branch in Estonia – Key Features Simplified 🏢

So, you’re thinking about opening a branch in Estonia? Great choice! 🌍

Here’s the lowdown in a nutshell:

🚫 No Legal Personality: Your Estonian branch won’t have its own legal personality. It’s like the supporting actor in a movie, important but not the star. 🌟

🔒 Legal Capacity: Your branch won’t have legal capacity either. It’s like the sidekick, there to help but not the decision-maker.

💼 Corporation Tax: Your branch is responsible for paying Corporation Tax only on the profits it earns in Estonia. Think of it as paying your dues in the local scene.

📜 Paperwork: The parent company takes care of the branch’s operation, including paperwork like billing and Annual Accounts (Profit & Loss, Balance Sheet, Trial Balance). It’s a team effort! 🤝

🤝 Estonian Representative: You’ll need an Estonian representative (Authorized contact person). They’ll be your branch’s local connection, kind of like a tour guide in a new city.

🔄 Identical Operations: Make sure your branch’s operations are identical to the parent company. Consistency is the name of the game.

Now, about opening that branch in Estonia, Eesti can lend a helping hand. They’re experts in making this process smooth and hassle-free. 🤗

So, get ready to make your mark in Estonia! 🇪🇪💼

Documentation Required for Establishing a Branch in Estonia 📄🇪🇪

To set up your branch in Estonia, you’ll need to gather these vital documents:

📝 Name and Legal Form of the Parent Company: Tell us all about your parent company’s name and legal structure.

🌍 Country of Registration: Where is your parent company registered? We need to know the country.

📊 Subject of Activity (SIC Codes): Let us know the areas your company will be active in, following the EMTAK classification.

🎯 Purpose of Company Registration: What’s the big goal for your company in Estonia? Share your purpose with us.

🏢 Company Address: Provide the address where your branch will operate in Estonia. (Eesti offers company address in Estonia)

👥 List of Actual Beneficiaries: Tell us who owns shares in your company. We’re curious about the stakeholders.

👩‍💼 List of Board Members: Who’s steering the ship? Share the names of your board members.

📜 Articles of Association: Share the document that outlines your company’s internal rules and operations.

🗂️ Memorandum of Association: This document tells us about the relationship between your company and its members or shareholders.

📄 Registration Certificate: Proof that your company is legally registered elsewhere. We’ll need to see it.

Gather these papers, and we’ll help you get your branch up and running in Estonia! 🇪🇪💼

Payment of a share capital

📈 No More €2,500 Minimum Capital: We’re waving goodbye to the old rule that said you must have at least €2,500 in share capital to start an OÜ (private limited company) in Estonia. Say hello to more choices! 💰

💡 Capital Tailored to Your Needs: Now, you get to decide how much capital your business truly requires. It’s like a menu of options, and you’re in charge of picking what suits your business best. 🍽️

📜 A Change Long Overdue: The old rule, in place since 1995, didn’t always make sense. Many business owners automatically set their capital at the minimum, whether they needed it or not. 🤷‍♂️

🤝 More Responsibility, More Efficiency: With this new regulation, you’ll be responsible for determining the right amount of share capital. It’s a step towards smarter, more efficient business formation in Estonia. 💼🔍

📅 Effective from February 1, 2023: Mark your calendars! These exciting changes to the Estonian Commercial Code come into play on 1st February 2023. Don’t miss out! 🗓️

Easily Register Your Branch with a Power of Attorney! 🖋️

Hey there, future branch owner! We’ve got a hassle-free solution for you to register your branch in Estonia. 🏢🇪🇪

📜 Power of Attorney (POA) Registration: We’re here to make things simple. We offer branch registration based on a power of attorney (POA) with a notary public in Estonia.

👩‍⚖️ Notary-Powered: There are about 30 notaries in Tallinn, and they all have tight schedules. But no worries! We’ll set up a meeting with a notary on your behalf.

🚀 Your Convenient Option: You have choices! You can either come to Estonia, and we’ll assist you with the registration process, or we can handle everything remotely using a power of attorney. We’ll even provide you with a power of attorney template.

✍️ Acting on Your Behalf: We’ve got your back! Eesti Consulting will act as your attorney, making sure everything goes smoothly.

📜🔐 Notary and Apostille: We’ll take care of all the notary and Apostille requirements, so you don’t have to worry about a thing.

🚀 Subsidiary Information Requirements Made Easy! 📋🇪🇪

Hey there, future business owner! 🌟 Getting your subsidiary registered in Estonia is a breeze when you know what we need. It’s all straightforward and friendly. 😊

📝 Here’s the Scoop: For your subsidiary registration, we’ll need some basic info:

    • 📚 Name and surname of directors
    • 🌍 Passport or EEA card number
    • 🎂 Date of birth
    • 🏡 Full residential address
    • 🌐 Country of residence
    • 📞 Phone number
    • ✉️ Email address
    • 💻 Website URL
    • 🏢 Company name
    • 💼 Nature of business
    • 💰 Capital (minimum 2500 EUR)
    • 👥 Beneficial owners list

 

🚀 Free Consultation with EESTI CONSULTING! 👋

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Launch Chat GPT company in Estonia

Estonia, often dubbed the “digital nation,” has established itself as a hotspot for tech innovation and e-residency businesses. Its favorable digital infrastructure makes it the ideal location to launch an automated ChatGPT company. In this article, we’ll explore the steps and advantages of setting up a fully automated ChatGPT business in Estonia.

1. Why Estonia? Estonia’s e-residency program allows entrepreneurs worldwide to start and manage an EU-based company online. With its transparent regulatory environment, digital ID for secure online identification, and efficient e-governance systems, Estonia provides a streamlined process for digital entrepreneurs.

2. What is ChatGPT? ChatGPT, built on models like OpenAI’s GPT-4, is a state-of-the-art conversational AI. It can simulate human-like text conversations, making it a valuable asset for customer support, content generation, and a myriad of other applications.

Steps to Set Up Your Automated ChatGPT Company

  • E-residency Application: Begin by applying for Estonian e-residency. This digital identity allows you to manage your business remotely.
  • Business Registration: Once you receive your e-residency kit, you can register your ChatGPT company with the Estonian Commercial Register.
  • Banking and Finances: Open a business bank account. Estonia offers various digital banking solutions compatible with e-residency (WISE,Revolut,Paysera)
  • Integrate ChatGPT: Deploy your ChatGPT model for the intended service, be it customer support for e-commerce, a chatbot for websites, or other applications.
  • Automate Operations: Implement tools to handle invoicing, customer interactions, and feedback collection. Given that ChatGPT will handle a bulk of the communications, ensure you have a robust system to manage customer insights and continuously improve the AI.

Don’t Wait for e-Residency? Buy a Ready-Made Company!

4. Benefits of an Automated ChatGPT Company

  • Reduced Operational Costs: Minimize human intervention in customer service, reducing payroll costs.
  • 24/7 Customer Support: Offer round-the-clock support, enhancing customer satisfaction.
  • Scalability: Cater to a growing customer base without significant increments in operational costs.
  • Multilingual Support: Utilize ChatGPT’s capabilities to provide support in various languages, broadening your market reach.

5. Navigating Challenges While an automated ChatGPT company offers numerous advantages, it’s essential to be aware of challenges. Ensuring data privacy, handling unprecedented customer queries effectively, and continuous training of the AI model are crucial to maintaining a successful operation.

0% of tax in Estonia – possible?

  • Simplified Tax Framework: Estonia boasts one of Europe’s most straightforward and entrepreneur-friendly tax systems. Corporate income tax, for example, is not charged on reinvested or retained profits, only on distributed profits. This means that if you reinvest your earnings into growing your ChatGPT business, the corporate income tax rate is effectively zero.
  • VAT Regulations: For businesses exceeding a threshold of €40,000 in annual taxable supplies, VAT registration is mandatory. The standard VAT rate in Estonia is 20%, but it’s crucial to understand the specifics, especially if your ChatGPT company deals with clients from various EU countries.
  • Digital Tax Reporting: Estonia’s digital tax reporting system allows businesses to declare taxes online. This e-tax/e-customs system ensures a smooth process for entrepreneurs, making tax compliance less cumbersome.

E-Residency program

  • What is e-Residency? Estonia’s e-Residency program is a government-backed digital identity initiative. It allows non-residents to access Estonian services like company formation, banking, and tax services, all without ever setting foot in the country.
  • Benefits for Digital Entrepreneurs – e-Residency is especially advantageous for those in the digital sector, like a ChatGPT business owner. It enables you to operate and manage your EU-based company remotely. With your digital ID card, you can digitally sign documents and contracts, making business operations seamless.
  • Application Process – Applying for e-Residency is straightforward. Submit an online application, pay the state fee, and after a review, collect your digital ID card from the nearest pickup location. The entire process reflects Estonia’s commitment to fostering a global digital society.
  • Community and Support – e-Residency isn’t just a digital ID; it’s a global community. Numerous online forums, workshops, and support groups are available for e-residents, facilitating networking and collaboration between like-minded digital entrepreneurs.

Estonia’s digital-forward approach, combined with the capabilities of ChatGPT, offers a unique opportunity for entrepreneurs. By understanding the landscape and leveraging available resources, one can efficiently establish a fully automated ChatGPT company in Estonia, setting the stage for a future-driven, successful business.

Get A Free Tax Guide

 

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Register Your Sound Trademark in the EU

What is sound trademark?

A soundmark is a unique trademark consisting exclusively of a sound or a combination of sounds. It should not be combined with other elements like movement, which would then be classified as multimedia marks.

Soundmark registration formats

Audio File Requirements

  • audio file in MP3 format
  • max. size 2 MB

Streaming or looping is not allowed.

Musical Notation Requirements

  • JPEG format
  • A4 sheet format

Ensure that the music sheet contains all necessary elements for interpreting the melody, including pitch, tempo, and lyrics.

Get A Free Tax Guide

 

Submitting Both Audio and Musical Notations If you choose to submit both an audio file and musical notations, you will need to select one to retain. If you submit an audio file along with a sonograph representation, the Office will remove the sonograph from the file.

Example of Music Sheet:

Register a Sound Trademark and Get Back -75% of paid fees!

  1. Get 75% of Your Fees Back with the SME Fund Grant! Avail a generous 75% reimbursement on your trade mark and/or design application fees through the SME Fund. This significant saving can benefit your business in multiple ways!
  2. Protect Your Brand Across the EU The SME Fund covers both EU-wide and national/regional trade mark and design applications. Ensure the uniqueness of your brand in various markets with ease.
  3. More Classes, More Savings No need to worry about registering your brand in multiple classes. The SME Fund offers a 75% refund on additional class fees, securing your brand comprehensively.
  4. Easy Application Process Applying for the SME Fund grant is simple and straightforward. Our team can guide you through the process, making it hassle-free for your business.
  5. Embrace International Opportunities Expand your business beyond the EU with the SME Fund’s 50% reimbursement on basic application fees for trade mark and design filings outside the EU.
  6. No Worries about Handling Fees The SME Fund has your back by excluding handling fees charged by the office of origin, making the process even smoother for you.
  7. Enhance Your Business Value Protecting your trade mark and designs adds value to your brand, making it more attractive to customers and investors.
  8. Claim Your Grant Now! Don’t miss out on this incredible opportunity to protect your brand and get a 75% reimbursement. Reach out to us and secure your business’s success with the SME Fund grant.

How Eesti Consulting can help you?

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Benefits of Company in Estonia

Benefits of opening a company in Estonia

5 Benefits of Opening a Company in Estonia 🇪🇪

BENEFIT 1:  Corporation Tax Rate – 0%

Distinctive Benefit: Businesses Pay 0% Tax on Retained Earnings In Estonia, businesses benefit from a 0% corporate tax rate on retained earnings. This implies that companies are exempt from paying any tax on their profits until they choose to distribute dividends among the owners.

This freedom allows businesses to save and invest their profits without the concern of corporate taxes

BENEFIT 2: Unbeatable Company Formation Fees – 234€🇪🇺💶

EESTI CONSULTING benefits:

⏰ 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)

BENEFIT 3: MANAGE COMPANY WITH E-RESIDENCY CARD

The E-Residency Card makes managing your company a breeze! You can sign VAT returns, file Annual Reports, start a company, or register for VAT with just your e-Residency card. Apply for your e-Residency card today and wave goodbye to the hassle of dealing with Power of Attorney!

✍️ Sign Papers Digitally: Use the card to sign documents online easily and safely.

🔍 Check Document Authenticity: Make sure signed documents are real and trustworthy.

📤 Send Secure Documents: Safely encrypt and send important files with confidence.

🌐 Access Online Services: Explore a variety of online services in Estonia, both public and private.

🚀 Start a Company Online: Easily set up an Estonian company without leaving your computer.

🌍 Manage Your Company Anywhere: Control and run your Estonian company from any location worldwide.

💳 Digital Banking: Apply for digital business banking and handle online payments with ease.

📝 File Taxes Online: If your company is a tax resident in Estonia, conveniently declare corporate taxes online.

 

Not sure about getting an e-Residency Card? You can also purchase a ready-made company from Estonia, already established with Power of Attorney. 🏢💳

How to Become E-Resident?

  1. Visit official e-Residency Website
  2. Click on the button “Apply Now!”
  3. Fill in the form
  4. Choose Pick-up Location to receive your e-Residency card
  5. Receive e-Residency Card and Install All Drivers and DigiDoc Software
  6. NOW You can sign all documments and set up company in Estonia.
Apply for e-Residency card
How to Apply for e-Residency card

How to start company without e-Residency card?

You can start a company in Estonia by Power of Attorney from scratch or Buy Ready Made Company with a bank account.

BENFIT 4:  CONNECT WITH E-Residency Marketplace 

The e-Residency Marketplace is a curated platform designed to connect e-residents with trusted service providers, streamlining the process of launching and expanding businesses in the digital world. It serves as a valuable resource for individuals seeking essential services within the e-Residency ecosystem.

In this marketplace, e-residents gain access to a carefully selected list of service providers who have undergone rigorous evaluation by the e-Residency team. These providers offer a range of services, from legal and financial support to various business solutions.

Choosing the e-Residency Marketplace means embracing a simplified and secure approach to find the right partners for your business needs. It allows e-residents to explore service providers with confidence, knowing that each has met specific criteria related to service quality, background, and alignment with the unique requirements of e-residents.

For those venturing into the e-Residency ecosystem, this marketplace provides a centralized hub to discover and connect with service providers who can facilitate key aspects of business development. By leveraging the e-Residency Marketplace, individuals can navigate the complexities of entrepreneurship more efficiently, making it an invaluable tool for those looking to thrive in the digital business landscape.

 

e-Residency Marketplace

BENEFIT 5:  GET A 1000€ VOUCHER FROM EU for TRADEMARK!

In the last decade, Estonia has become a favorite European destination for startups. Entrepreneurs are lured by the welcoming business environment, robust government support, and a tax system that allows them to keep and reinvest profits with a zero corporate income tax. 😊

Remember, trademark registration is crucial for every startup, not just the big players but especially for SMEs. The SME FUND 2024 program, which kicked off on January 22nd, offers Estonian companies the opportunity to apply for a 1000 EUR voucher for trademark registration. The added benefit? Enjoy a 75% reduction in the state fee. 🚀

INCREDIBLE? SEE YOUR SAVINGS IN THE TABLE BELOW: 💰👀

Country of Registration Registrar Fee (without grant/with grant)
🇪🇺 EU Fee €850 / €212
🇪🇪 Estonia Fee €145 / €37

 

Conclusion

If you’re considering establishing a European company and are still searching for the right location, Estonia could be an excellent choice with its favorable and friendly tax system.  

 

Read more

Pick up your e-⁠Residency card in Sofia, Zagreb or Ljubljana

🌟

Entrepreneurs in Sofia, Zagreb, or Ljubljana who wish to join e-Residency should pay attention. Are you considering applying for e-Residency (Apply for e-Residency)? Is it because your distance from the collection points is a deterrent to obtaining your e-Residency digital ID? 🌎

You can apply for e-Residency from 8 August 2022, and if you wish, pick up your digital identity card and documents at one of three mobile pickup points (e-Residency application). 📅

  • Ljubljana point 🏞️
  • Sofia point 🏙️
  • Zagreb point (Croatia) 🇭🇷

The most important information about pick-up points:

  • To pick up your e-Residency kit at a mobile pickup point, in your application choose the city closest to you: Sofia, Zagreb or Ljubljana.
  • An Estonian consular official is in charge of the mobile collection point, which offers e-residents a means to obtain e-Residency documents.
  • The mobile collection point will come to each city every two months and stay for a minimum of one day. Depending on the number of applications, the visit may be extended.
  • Applicants opting for one of these cities will have the pick-up date, time, and location communicated to them via email.
  • You will need to physically go to pick up your e-Residency card, and your fingerprints will be taken at that time. Make sure you bring your passport as well. 🛂
  • The state fee for e-Residency digital ID pickup at a mobile point is €120. 💳

Other pickup points

If you have any further questions or need more information about e-Residency and the pickup points, please don’t hesitate to contact us. We’re here to assist you in your journey to become an e-Resident! 🌐

Read more

Employment registration

Employment Registration 🧮

Did you register a company in Estonia? Now it’s time to hire an employee.

EMTA requires the following data [EXAMPLE]

Employee’s ID Start Date of Employment Employment Type Work Hours Job Title Workplace Address
001 2022-03-15 Full-time 40 hours Manager 🏢 Tallinn
002 2021-08-02 Part-time 20 hours Clerk 🏢 Tallinn
003 2023-01-10 Full-time 35 hours Technician 🏢 Tallinn

Legal Acts

Section 254(1) of the Taxation Act and Section 53(2)(7, 11–13)

Section 53(4) of the Register of Taxable Persons

Simplified Procedure for Employee Registration in Estonia

Every person, who holds a personal identification code can be registered under the simplified procedure.
The way of registration is as follows:

  1. Call on 880 0812
  2. Send an SMS message to 1811
    The format of a string should be the same:
    ”employer’s registry code/ID-code(space)employee’s ID-code(space)date of commencement of the employment“

Unpaid work or voluntary work?


Unpaid work requires registration in the employment register because this kind of work
is normally paid in other circumstances. An employee works under an employment
contract or the law of obligation.
Whereas voluntary work does not require registration, because this kind of work
is associated with typical non-profit activities like helping other people.

Employment Registration formalities….

File the “TSD” declaration until 10 day of month following the taxable period.


First of all you have legal obligation to record the rate of working in the employment register on the TSD declaration (the social tax and income tax return). You need to perform this duty until the 10 day of month following the taxable period. What is important
you can not modify the working time rate retroactively.

What is a workplace?

A workplace is a place of work and its surroundings on the premises of an enterprise of a sole proprietor or company, a state or local government agency, a non-profit association or a foundation (hereinafter enterprise) or any other places of work to which an employee has access in the course of his or her employment or where he or she works with the permission or on the order of the employer (§ 4 (1) of the Occupational Health and Safety Act ).

A place of business is the place of the permanent and continuous business or professional activities of a person (§ 9 (2) of the Taxation Act ).
Source: Emta.ee

What are the rules of working place address in Estonia?

The workplace is generally the place where the employer performs business activities. The employer can have one or more business places – f.e stores, and branches and an employee
may work in a few places.

In the case when employee performs the work at several locations the address of the workplace shall be location where the employee works for most of the working time
If the employee works f.e 50% in one location and exactly 50% of the times in another location,
the employer has the right to decide which address will be assigned to the employee.

In the case of remote working – the employee’s workplace address will be the same
as the place of business of employers.

 

Read more

Start company in Estonia

Start company in Estonia in 4 steps!

 

    1. 📊 Delay paying Corporation Tax if your company plans to reinvest its profits. Could this mean a 0% Corporation Tax in the future? Get a tax guide here.

 

    1. 💼 Get your e-Residency card and go completely paperless with your company. You can digitally sign all your letters from authorities, handle documents, carry out business correspondence, encrypt data, and communicate securely with your partners.

 

    1. 💱 If you’re looking to offer cryptocurrency-related services like exchanges or digital wallets, obtaining a cryptocurrency license in Estonia is a breeze.

 

    1. 🏦 Opening a bank account has never been easier, whether it’s in Estonia or elsewhere, with the help of Eesti Consulting. No more hassle!

 

How to start a company in Estonia

Starting a company in Estonia offers various registration options. In this article, we’ll focus on the most commonly used business structure in Estonia: the limited liability company (LLC), also known as “osaühing” or abbreviated as “OÜ.”

 

START COMPANY THROUGH A NOTARY

There are 2 different ways of this method. A founder will meet a notary or we will act as an attorney. To act as attorney, in the name of the client we need to get notarized and apostilled Power of Attorney. Then we will order a certified translation of this document to the Estonian language. Then the notary will prepare an application of establishing a company, the memorandum of association and articles of association.

 

START COMPANY THROUGH e-Residency card

We recommend a company registration through an e-Residency card. See this video to explore how to apply for an e-Residency card

Steps:

 

How to apply for e-Residency card from your home country?

 

    1. Become and e-Resident here: https://e-resident.gov.ee/become-an-e-resident/

 

    1. Visit e-Residency Marketplace to compare all legal service providers and choose solution for your company

 

    1. Get a free certificate of tax residency ( worth: 100€ – you pay: 0€) if you choose Eesti Consulting as your legal advisor and company formation agent. Coupon code: #FREETAXRESIDENCY

 

 

 

 

 

Recruitments of a company in Estonia

 

Business name of the company

    • Company may have only one business name

    • The company name must contain the appendage “osaühing” or the abbreviation “OÜ”

    • The appendage or abbreviation must be visible at the beginning or end of the business name

    • The business name of the branch of a foreign company shall consist of the business name of the company and the phrase “Eesti filiaal” – Estonian branch

 

Management board

    • The management board may have one or several members

    • A member must be a natural person

    • A member need not be a shareholder but a member may be a shareholder too.

    • Every member may represent Estonian company in all transactions unless the articles of association prescribe that some or all of the members shall represent Estonian company jointly

    • A transaction made between an Estonian company and a member of the management board is not valid

    • if the supervisory board or shareholders do not agree to the transaction ( exception is in the event of

    • every day economic activities undertaken by Estonian company according to the market price of a service)

 

Share capital

    • At least 2500 € as share capital of OU company. ( in the event of providing a cryptocurrency-related services – the share capital shall be at least 12,000 €)

    • A contribution may be monetary or non-monetary

    • The minimum nominal value of a share is 0,01€

    • The share capital may be paid to your bank account located in Estonia or outside Estonia (only within the European Economic Area)

    • The share capital shall be registered in the Estonian Business Register and declare at the Estonian Tax and Customs Board

    • You can use share capital to pay for business expenses and costs of a company but is not permitted to pay dividends from share capital to shareholders

    • You have a right to deferring of share capital payment for up to 10 years if you meet these 2 conditions: ****All founders are private members AND ****The share capital is less than or equal to 25,000€

 

 

Start a company in Estonia as a ready made business!

A ready made company, also known as a shelf company or an aged company, is a business entity that has been registered but has remained dormant, typically without engaging in any significant business activities. These companies are pre-registered by a formation agent or service provider and are often offered for sale to individuals or businesses who wish to have a pre-existing company rather than going through the process of incorporating a new one.

 

Typical ready made company for sale

A typical ready-made company for sale, like this Estonian company priced at €900, offers several advantages to entrepreneurs and businesses. These companies are pre-registered, in this case, dating back to 2019, ensuring they are in compliance with local regulations, which can save valuable time and effort. The purchase price often includes the state fee, such as the 260EUR mentioned here, making it a cost-effective option. However, it’s important to note that notarial fees and certified translations are typically not included in the purchase. One significant benefit is that these ready-made companies usually come with no civil or tax liabilities, providing buyers with peace of mind and a clean slate to commence their business endeavors.

Banking solutions 🏦


How to open a bank account in Estonia acting as an Estonian company? Follow these steps to
start banking in Estonia:

Register a company in Estonia with the assistance of Eesti Consulting

Purchase a set of corporate documents regarding your company (Certificate of tax residency, Apostille, True copies of corporate documents, Article of Association translated from Estonian to English)

 

Reach Eesti Consulting and tell us about your business needs.


We advise you with a business bank account in or outside Estonia 🌍

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  • Payments via bank link
Read more
e-Residency program

Success of e-Residence – EUR 17.5 million of tax revenues in 2020

Increase in tax revenues by 1/3

The amount of Estonian tax revenues from the e-Residency system increased by 1/3 compared to 2020 according to estimates of the state agency Enterprise Estonia, which is a record since 2014. Companies founded by natural persons from all over the world who are registered e-residents paid EUR 17.5 million to the budget of the State of Estonia.

Lauri Haav, managing director of the e-Residency program, says the results are delivering more ambitious goals, as well as the fact that existing e-resident companies continue to grow and expand, and e-residents continue to create thousands of new businesses each year. many of which show many international promises.

1/5 of the new businesses were founded by e-Residents, Haav said.

Lauri Haav, who became head of e-Residency last December, said: “In the last three years, almost 20 percent of all private limited companies registered in Estonia were founded by e-residents.”

“In addition, the program has significantly contributed to the expansion and diversification of the Estonian economy,” Haav said, according to a press release from Enterprise Estonia.

E-residents are customers originating in the US, Finland, Sweden, Russia and Ukraine, topping the table, which, as Enterprise Estonia points out, covers a relatively large range of countries in terms of development and wealth.

Andres Sutt – IT and entrepreneurship minister said: “The e-Residency programme has spurred innovative rethinking of traditional business models and provides a flexible platform for a new generation of entrepreneurs”

Most e-Residency companies are small, agile, said Lauri Haav, especially in high-value-added sectors such as IT. The program has attracted enthusiasts of new technologies, security, as well as the Estonian business community, which is already known for its transparency and minimal bureaucracy, says Enterprise Estonia.

E-residence and lockdown

The e-Residency program was launched in December 2014. The purpose of the program is to provide stakeholders with secure access to Estonia’s e-services, as well as enabling digital signature, payment of taxes, establishment and registration of companies.

The e-Residency card is a digital ID card and is no different than that of Estonian citizens. At the moment, the application base is 80,000 e-residents, which gives a total of 16,000 established companies. The coronavirus pandemic made the e-Residence program a perfect fit. In a situation of local restrictions – many Europeans have problems with performing activities at the notary’s or visiting offices. E-residents say goodbye to this problem, because they handle all official matters remotely, including even granting a power of attorney in the e-Notary Service – adds Paweł Krok Eesti Consulting OÜ

Read more

Firma w Estonii

Po co mi Firma w Estonii? 🇪🇪

Po co ta firma w Estonii?

Firma w Estonii to genialny pomysł dla polskojęzycznych klientów, ale nie dla każdego.  Decyzja o założeniu spółki w Estonii powinnna być skonsultowany z doradcą podatkowym lub radcą prawnym .  Nie trzeba nikomu przypominać, że firma w Estonii powinna mieć uzasadnienie ekonomiczne oraz gospodarcze.

Eesti Consulting nie zdecyduje się założyć takiej firmy dla osób, które prowadzą rzeczywistą działalność gospodarczą w Polsce – z uwagi na rozmaite ryzyka podatkowe – m.in stałe miejsce prowadzenia działalności VAT oraz ryzyko powstania zakładu podatkowego.

Estonia oferuje atrakcyjne warunki dla prowadzenia działalności gospodarczej i nie bez powodu zajęła  3. miejsce pod względem wolności gospodarczej w Europie w 2023 roku.  Kraj ten zawarł aż 62 umów o unikaniu podwójnego opodatkowania w tym z Polską.

Tak jak wspominałem – założenie spółki w Estonii zwłaszcza przez polskiego rezydenta podatkowego powinno być poprzedzone doradztwem prawno-podatkowym, ale należy wskazać, że wielu Polaków mieszka przecież na stałe za granicą , będąc rezydentami podatkowymi Państw trzecich i to głównie do nich kierujemy naszą ofertę. Zobacz nasz artykul o firmach zakladanych za granica przez Polakow.

Gdzie Mieszkaja Polacy za granica?

Państwo Liczba 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

 

Jakie biznesy zakladaja firmy w Estonii?

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

Ile firm zaklada sie w Estonii

Wykres przedstawia liczbe zalozonych firm w Estonii na przestrzeni lat 2014-2020.

Companies founded by e-Residents
Companies founded in Estonia between 2014-2020 by e-Residents

Ile Firm zostalo zalozonych przez Polakow?

Firmy zalozone przez Polakow w Estonii
Polscy obywatele zalozyli niespelna 650 firm w Estonii. Plasuja sie bardzo daleko w rankingu, w ktorym prowadza Hiszpanie z liczba firm niespelna -2600 – Zrodlo:  https://www.e-resident.gov.ee/dashboard/

Umowy o unikaniu podwójnego opodatkowania z Estonią

Lista krajów, które zawarły umowy o unikaniu podwójnego opodatkowania z Estonią

Albania 🇦🇲 Armenia 🇦🇹 Austria 🇦🇿 Azerbejdżan 🇧🇭 Bahrajn 🇧🇾 Białoruś 🇧🇪 Belgia 🇧🇬 Bułgaria 🇨🇦 Kanada 🇨🇳 Chiny 🇭🇷 Chorwacja 🇨🇾 Cypr 🇨🇿 Czechy 🇩🇰 Dania 🇫🇮 Finlandia 🇫🇷 Francja 🇬🇪 Gruzja 🇩🇪 Niemcy 🇬🇷 Grecja 🇬🇬 Guernsey 🇭🇰 Hongkong 🇭🇺 Węgry 🇮🇸 Islandia 🇮🇳 Indie 🇮🇪 Irlandia 🇮🇲 Wyspa Man 🇮🇱 Izrael 🇮🇹 Włochy 🇯🇵 Japonia 🇯🇪 Jersey 🇰🇿 Kazachstan 🇰🇷 Korea 🇰🇬 Kirgistan 🇱🇻 Łotwa 🇱🇹 Litwa 🇱🇺 Luksemburg 🇲🇹 Malta 🇲🇺 Mauritius 🇲🇽 Meksyk 🇲🇩 Mołdawia 🇳🇱 Holandia 🇲🇰 Macedonia Północna 🇳🇴 Norwegia 🇵🇱 Polska 🇵🇹 Portugalia 🇷🇴 Rumunia 🇷🇸 Serbia 🇸🇬 Singapur 🇸🇰 Słowacja 🇸🇮 Słowenia 🇪🇸 Hiszpania 🇸🇪 Szwecja 🇨🇭 Szwajcaria 🇹🇭 Tajlandia 🇹🇷 Turcja 🇹🇲 Turkmenistan 🇻🇳 Wietnam 🇺🇦 Ukraina 🇦🇪 Zjednoczone Emiraty Arabskie 🇬🇧 Wielka Brytania 🇺🇸 Stany Zjednoczone Ameryki 🇺🇿 Uzbekistan

 

Rejestracja spółki w Estonii powinna być poprzedzona wnikliwą analizą umowy o unikaniu podwójnego opodatkowania. W przypadku osób mieszkających w Polsce będzie to oczywiście polska umowa o unikaniu podwojnego opodatkowania.

Możliwość korzystania z e-rezydencji, prosty proces rejestracji firmowej oraz przyjazne środowisko biznesowe to tylko niektóre z zalet, które możesz znaleźć tutaj. W tym artykule omówimy wszystkie te aspekty i jeszcze więcej.

🇪🇪🇵🇱 ZAREJESTRUJ FIRMĘ W ESTONII

Firma w Estoni czy Spółka w Estonii?

Oto jest pytanie.  99% klientów, z którymi mam do czynienia decyduje się na otworzenie spółki z o o. w Estonii.  1% klientów zadaje pytania w stylu:

Drogi Panie, a czy jak założe jednoosobową działalność gospodarczą w Estonii to czy w Polsce będę płacił ZUS?A czy będe mógł zoptymalizować ZUS? A czy firma w Estonii daje prawo do emerytury [głodowej]? A czy mając firmę jednoosobową w Estonii to ja będe mógł podejśc do lekarza , żeby wypisał mi skierowanie na badania?

Odpowiadam: NIE WIEM
Uzasadnienie:   Zajmuje się w 99% przypadkach osobami prawnymi i prawem estońskim i nie mam możliwości czasowych aby śledzić zmiany prawa w Polsce.

  1. Wybierz rodzaj firmy: Na początku musisz określić rodzaj swojej przyszłej firmy. Może to być spółka w Estonii – taka jak spolka z o.o. (OÜ) lub jednoosobowa działalność gospodarcza (FIE) – z zastrzeżeniem, że formę FIE preferujemy wyłącznie dla osób z miejscem zamieszkania w Estonii.

  2. Zarejestruj firmę w Estonii:  Następnie musisz zarejestrować swoją firmę w Estońskim Rejestrze RIK (Äriregister). Wypełnij odpowiednie dokumenty i opłać opłatę rejestracyjną – alternatywa – zakup gotową spółkę w Estonii.

  3. Otwórz konto bankowe dla estonskiej firmy: Kolejnym krokiem będzie otwarcie konta bankowego dla Twojej nowo utworzonej firmy – Swedbank AS, LHV PANK,  WISE albo Revolut.

  4. Uzyskaj identyfikator podatkowy: Po otwarciu konta bankowego otrzymasz identyfikator podatkowy dla twojej firmy od estońskiego Urzędu Skarbowego (EMTA)

  5. Opłać kapitał zakładowy: W przypadku spółki z ograniczoną odpowiedzialnością (OÜ) musisz wpłacić minimalny kapitał zakładowy w wysokości 1 eurocenta.

  6. Zarejestruj się jako podatnik VAT: Jeśli planujesz prowadzić działalność, która podlega opodatkowaniu VAT, musisz zarejestrować się jako podatnik VAT w Estonii.

  7. Zatrudnij księgowego: Prowadzenie rachunkowości i rozliczanie podatków może być skomplikowane. Warto zatrudnić profesjonalnego księgowego, który pomoże Ci w tym procesie.

🇪🇪🇵🇱 ZAREJESTRUJ FIRMĘ W ESTONII

Korzyści z założenia firmy w Estonii

Założenie firmy w Estonii może przynieść wiele korzyści, które przedstawiamy poniżej:

  • E-rezydencja: Estonia oferuje program e-rezydencji dla przedsiębiorców zagranicznych. Dzięki temu możesz zdalnie zarządzać swoją firmą i korzystać z usług bankowych online.

  • Niskie koszty prowadzenia działalności: Estonia jest znana ze stosunkowo niskich kosztów prowadzenia działalności gospodarczej – Stawka podatku dochodowego to 20%, ale Estonia oferuje odroczenie zapłaty podatku do momentu wypłaty dywidendy – tak jakby podatek 0% – nie ma wypłaty dywidendy – nie ma zapłaty podatku.

  • Przyjazne środowisko biznesowe: Estonia jest uznawana za jedno z najbardziej przyjaznych środowisk biznesowych na świecie. Proces rejestracji firmy jest prosty, a administracja państwowa działa sprawnie, czego dowodem jest błyskawiczny kontakt z tutejszym urzędem skarbowym – Rekord to czas oczekiwania na certyfikat rezydencji – 3 godziny!

  • Wsparcie dla start-upów i granty- Estonia słynie z innowacyjności i rozwiniętej infrastruktury technologicznej. Możesz skorzystać z nowoczesnych rozwiązań technologicznych do prowadzenia swojej firmy, a także sfinansować działalnosc za pomocą grantów o których więcej tutaj 

Nasza firma jest członkiem e-Residency Marketplace zatwierdzony przez EAS.

e-Residency Marketplace

 

 

 

🇪🇪🇵🇱 ZAREJESTRUJ FIRMĘ W ESTONII

Rejestracja firmy w Estonii na 3 sposoby

Jak zarejestrować spółkę w Estonii? Przez internet czy przez notariusza? A może odwiedzić średniowieczny Tallinn i zwiedzić stare miasto? Poniżej przestawiamy formy rejestracji oraz ich charakterystykę.

Forma rejestracji Charakterystyka

Za pomocą karty e-Residency

Aplikacja o kartę estońską trwa od 3 do 8 tygodni i proces związany jest z wypełnieniem formularza aplikacyjnego tutaj. Następnie kartę trzeba odebrać w ambasadzie w Warszawie przy ul. Karwińskiej 1 – link do strony ambasady. 🏢

Wizyta w Tallinnie

Przed przyjazdem proszę umówić się z nami na spotkanie – wcześniej potwierdzimy możliwość wizyty u notariusza – a następnie zaprosimy Państwa na spotkanie, po którym to zarejestrują Państwo firmę w Estonii – o ile taka forma będzie możliwa – preferujemy raczej założenie spółki za pomocą metody pierwszej lub trzeciej. 🏢

Pełnomocnictwo [metoda zdalna]

Założenie spółki w Estonii przez pełnomocnictwo notarialne (POA) udzielone naszemu pracownikowi, z którego będzie wynikało, że możemy reprezentować dyrektora i udziałowca. Pełnomocnictwo notarialne musi być udzielone bezpośrednio w Kancelarii Notarialnej, i jeśli będzie to na terytorium RP – nie trzeba uzyskiwać klauzuli Apostille – wystarczy akt pełnomocnictwa. Następnie po wysłaniu do nas oryginału – przekazujemy dokument tłumaczowi przysięgłemu, który sporządza papierowe lub elektroniczne tłumaczenie. 📅

🇪🇪🇵🇱 REJESTRUJ SPÓŁKĘ W ESTONII

Ambasada Estońska w Polsce – gdzie jest i po co jest?

Ambasada Estonii znajduje się w Warszawie przy ul. Karwińskiej 1.  Pan Margus Tsahkna jest Ministrem Spraw Zagranicznych Republiki Estońskiej od dnia 17 kwietnia 2023 r.  Pewnie wielu z Państwa zechce odwiedzić ten budynek, ale w jakim celu? Otóż w celu odebrania fizycznej karty e-Residency.  Podczas odbioru karty trzeba złożyć odciski palca tak jak jest to przy odbiorze paszportu.

Ambasada Estonii w Warszawie

Ile trwa założenie firmy?

Polscy klienci pytają nas ile trwa założenie firmy w Estonii.  Nie jest łatwo odpowiedzieć na to pytanie.  To zależy od wielu czynników, np. czy firma jest rejestrowana za pomocą karty e-Rezydenta czy też za pomocą notariusza.   Poniżej prezentujemy przybliżony czas założenia spółki w Estonii.

Ile kosztuje założenie firmy w Estonii? 🇪🇪

Założenie firmy w Estonii nie kosztuje dużo pieniędzy.   Na koszt rejestracji składają się 2 opłaty:  opłata skarbowa – administracyjna , która trafia do rejestru RIK oraz opłata dla Eesti Consulting za adres rejestrowy (Legal Address) oraz usługę Contact Person.

Typ Założenia Koszt Ile trwa zalozenie?
Założenie firmy z kartą e-Residency 234€ (opłata za założenie) + 265€ (opłata skarbowa) 🏢 3 godziny
Rejestracja u notariusza Około 1200€ 🏢 7-14 dni
Zakup gotowej spółki z numerem VAT EU Około 2000€ 🏢 3-5 dni

 

Co jest ujęte w cenie rejestracji spółki?

🚀 Szybki Start – Załóż firmę w Estonii w 3 dni w 1 dzień – Wypełnij formularz tutaj lub porozmawiaj online, aby dowiedzieć się więcej na temat rejestracji firmy w Estonii

💰 Załóż Konto Bankowe – Otrzymaj dokumenty korporacyjne od Eesti i Otwórz konto bankowe w Estonii 100€ 0€

⚖️ Darmowa porada – Zapytaj o kwestie podatkowe lub prawne podczas zakładania firmy w Estonii – 0€

📄 Certyfikat rezydencji podatkowej

🧠 Otrzymaj do 1000€ na start-up – Eesti pokaże Ci, jak zdobyć dotację od UE na rejestrację znaku towarowego w Estonii lub UE (zmniejsz opłatę państwową o 625€ – przeczytaj więcej na blogu e-Residency)

🇪🇪🇵🇱 ZAREJESTRUJ FIRMĘ W ESTONII

Księgowość spółki w Estonii

Polecamy wszystkim naszym klientom korzystanie ze sprawdzonego programu do fakturowania, który został wyprodukowany w Estonii oraz jest na bieżąco aktualizowany

 

Smart Accounts - program księgowy


Smart Accounts to oprogramowanie, które wspiera zarówno płatników VAT jak i firmy, które są zwolnione z VAT-u z uwagi na obroty poniżej progu wejścia do VAT. Ceny subskrypcji zaczynają się już od 5 EUR, lecz polecamy Państwu pakiet “Smart Prepaid” , jeśli spółka ma mało transakcji

 

Rezydencja podatkowa w Estonii

I nie chodzi tutaj o zmianę rezydencji podatkowej osoby fizycznej.   Dostajemy mnóstwo zapytań w poniższym stylu:

Chcę zmienić rezydencję podatkową – jak to zrobić?

Jak zmienić polską rezydencję podatkową?

Odpowiadam:   Wyprowadź się i to nie sam, ale z rodziną poza polski kraj! 🇵🇱

W niniejszym artykule nie będe rozpisywał się na temat rezydencji podatkowej osoby fizycznej, ale za to rozwinę temat rezydencji podatkowej osoby prawnej.  Jak wygląda sytuacja rezydencji podatkowej w Estonii i dlaczego Estonia jest nietypowym krajem wraz z sąsiednią Litwą🇱🇹 oraz Łotwą🇱🇻?

Certyfikat Rezydencji w Estonii- wzor

Rezydencja podatkowa osoby prawnej jest zdefiniowana w Ustawie o podatku dochodowym w Estonii – oto bezpośredni link do ustawy tutaj

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

Jeżeli zarejestrujemy społke w Estonii – na podstawie powyzszego paragrafu spółka traktowana jest jako rezydent podatkowy w Estonii . Zaraz po rejestracji jestesmy w stanie pomoc Panstwu otrzymac certyfikat rezydencji podatkowej .

W Polsce jesteśmy przyzwyczajeni do innej definicji rezydenta, która zawiera się w art. 3 ust. 1 ustawy o CIT. Cytując ustawę mamy:

Podatnicy, jeżeli mają siedzibę lub zarząd na terytorium Rzeczypospolitej Polskiej, podlegają obowiązkowi podatkowemu od całości swoich dochodów, bez względu na miejsce ich osiągania.

W Polsce przepisy szerzej zakreślają rezydencję podatkową, w Estonii jest to to kryterium miejsca rejestracji. W przypadku, gdy dochodzi do kolizji prawnej – to znaczy Estonia uznaje spółkę X za rezydencja podatkowego oraz Polska uznaje X za rezydenta podatkowego – znajdzie zastosowanie bilateralna umowa o unikaniu podwójnego opodatkowania pomiędzy Polską a Estonią

Rozwiązanie znajdzie się w art. 4 tejze Umowy “Miejsce zamieszkania lub siedziba”. Przepis ten mowi nam,ze “osoba mająca miejsce zamieszkania lub siedzibę w Umawiającym się Państwie” oznacza każdą osobę, która zgodnie z prawem tego Państwa podlega tam opodatkowaniu z uwagi na miejsce zamieszkania, miejsce stałego pobytu, siedzibę zarządu, miejsce rejestracji albo inne kryterium o podobnym charakterze”.

Wszystko rozwiązac powinien nam art. 3, którego literalne brzmienie to:

“Jeżeli, stosownie do postanowień ustępu 1, osoba nie będąca osobą fizyczną ma siedzibę w obu Umawiających się Państwach, to uważa się ją za mającą siedzibę w tym Umawiającym się Państwie, z którego prawa wywodzi się jej status.”

Eesti Consulting zaznacza, ze w/w informacje nie są doradztwem podatkowym i są to ogólne informacje wynikające z Ustawy Estońskich, Polskich oraz umów bilateralnych i jesli klient je stosuje, robi to na własną odpowiedzialnośc. Dodajemy,ze nasza oferta przeznaczona jest dla kancelarii prawnych, doradcow podatkowych, ktorzy to oferuja klientowi swoje rozwiazania po uprzedniej weryfikacji stanu prawnego.

Zakładanie spółek w Estonii powinno miec zdecydowaną motywację biznesową -a więc powinno się miec uzasadnienie gospodarcze. Prowadzenie biznesu pod spółką Estońską, gdzie stałe miejsce działalności jest w Polsce – jest abuzywne i stanowi naruszenie prawa.

Nasza firma nie oferuje żadnych rozwiązań podatkowych.  Zapraszamy do zapozniania się z artykułem eksperta – Paweł Krok na portalu INFOR.pl , który w 2023 roku był respondentem ankiety przeprowadzonej przez bank światowy WORLDBANK – projekt B-READY.

 

Podatki w Estonii

Estoński CIT – czym to się je?

Estoński CIT 0% w Estonii [Nie w Polsce 🇵🇱 polega na tym , że jakiekolwiek zyski osiągnięte przez spółkę na przestrzeni roku podatkowego są odroczone z podatku dochodowego dopóki nie nastąpi wypłata dywidendy.
Nie ma tutaj żadnych ograniczeń i wyłączeń. Odroczenie to dotyczy zarówno aktywnych źródeł przychodu ( Zyski przedsiębiorstw – działalność operacyjna firmy) jak i pasywnych ( w tym odsetki, dywidendy i należności licencyjne). Warunkiem, żeby skorzystać z tego zwolnienia jest posiadanie zarejestrowanej spółki w Estonii oraz podjęcie uchwały o przeniesieniu zysków operacyjnych na kolejny rok obrachunkowy oraz rezygnacja z wypłaty dywidendy.

 

Stawka podatkowa Warunki
0% * * Odroczenie z podatku dochodowego do momentu wypłaty dywidendy
20% Podstawowa stawka podatkowa od osób prawnych
14% Specjalna obniżona stawka podatku dochodowego od osób prawnych , które regularnie wypłacają dywidendy

 

 

Komentarz Eesti Consulting

Nie trudno o uzasadnienie takiego zapisu – skoro zwolnienie podatkowe przysługuje spółkom estońskim oraz zakładom – wiele podmiotów mogłoby się pokusić o transfer aktywów do innych krajów – bo np. w Estonii jest zakład jakiejś spółki zagranicznej, a w innym kraju jest właściwy podmiot. Spotkaliśmy się przy okazji wykonywania rozliczeń rocznych z praktyką braków faktur zakupu za niektóre usługi, które naszym zdaniem były wątpliwe – tzn. w zupełności nie były związane z prowadzonym przedmiotem działalności. W naszej opinii spółka wtedy musi opodatkować podatkiem dochodowym zyski w części, w której brak jest związku kosztów z działalnością.

 

Podatek VAT w Estonii w 2024 roku

 

Stawka VAT Opis
22% Wiekszosc towarow i uslug w Estonii (22% Od 1 stycznia 2024, Estonia podwyższa standardową stawkę VAT z 20% do 22%
9% Stawka obniżona ma zastosowanie głównie do sprzedazy książek, gazet, usług zakwaterowania oraz medykamentów.
0% Sprzedaż unijna na zasadzie INTRASTAT, transport międzynarodowy, lotniczy ,strefy bezcłowe

Limity wejścia na obowiązkowy VAT 

Nie przekraczasz limitu – masz podmiotowe zwolnienie z podatku VAT , ale jest mnóstwo pułapek,np. zakupy usług z innych Państw UE. Tutaj sprawa wygląda tak, że pomimo korzystania ze zwolnienia z podatku VAT – należy odprowadzić estoński podatek VAT od zakupu usług – np. jeśli zamawiasz usługę reklamową z Google AdWords z Irlandii!

 

Opis limitu Kwota
Sprzedaż towarów i usług na terytorium Estonii 40,000 EUR
Akwizycja w przypadku towarów 10,000 EUR
Akwizycja w przypadku usług 0 EUR

 

Nie dla każdego firma w Estonii

Firma w Estonii nie jest dla każdego. Jeżeli działalność jest związana z Polską i tutaj wykonuje się działalność operacyjną, nie zalecamy rejestracji spółki w Estonii – gdyż takie działanie jest abuzywne i nieetyczne.

Jednakże swoją ofertę kierujemy głównie do doradców podatkowych, radców prawnych , a także specjalistycznych kancelarii, które zajmują się oferowaniem rejestracji spółek za granicą i jak wierzymy – zajmują się tym profesjonalnie, dbając o dobro oraz interesy klienta.

Być może wielu z Państwa zechce zmienić rezydencję podatkową, przeprowadzając się do Estonii z rodziną na stałe. Być może wielu z Państwa mieszka już od wielu lat poza Polską i nie zapomnieli Państwo jeszcze języka polskiego.

Być może macie Państwo kontrahentów lub odbiorców w Estonii i potrzebujecie Państwo załozyć spółkę zależną w Estonii, postawić tutaj oddział polskiej spółki z o.o. lub zaistnieją inne przesłanki do rejestracji firmy w Estonii – tego nie wiemy.

 

Jednakże zapraszamy do współpracy z naszą firmą.

 

0% – podatek zerowy w Estonii – fake czy co?

Podstawowa stawka podatku dochodowego to 20%, a 0% to tzw. odroczenie podatku dochodowego. Zasada jest banalnie prosta. Nie płacisz podatku dochodowego jeśli nie wypłacisz dywidendy – podziału z zysku spółki. Zatem w przypadku firmy w Estonii, która inwestuje – mówi się tutaj potocznie, że nie płaci podatku dochodowego.

Na koniec prezentujemy stawki podatku dochodowego na całym świecie

🇪🇪🇵🇱 ZAREJESTRUJ FIRMĘ W ESTONII

Jak dojechać do Estonii z Polski?

Samolotem – Najprostszym sposobem jest skorzystanie z połączeń lotniczych, które łączą Polskę z Estonią. Loty są obsługiwane z kilku miast, takich jak Warszawa, Kraków, Gdańsk czy Wrocław, do Tallinna (Linie Lotnicze lot)

Autobusem – Istnieją bezpośrednie połączenia autobusowe między Polską a Estonią, zarówno z Polski do Tallinna, jak i do innych miast w Estonii. Przykłady to PolskiBus, Lux Express czy Ecolines.

Pociągiem – Można dotrzeć do Estonii również pociągiem, jednak wymaga to kilku przesiadek. Połączenia kolejowe między Polską a Estonią są obsługiwane przez przewoźników takich jak PKP Intercity, Lietuvos Geležinkeliai, czy Eesti Raudtee.

Samochodem – Można również dotrzeć do Estonii samochodem, jednak należy wziąć pod uwagę długi czas podróży i koszty związane z przejazdem promem między Polską a Estonią, który jest konieczny do przekroczenia Zatoki Fińskiej.

 

Język Estoński , czyli Tere Hommikust 🙂

Oficjalnym językiem w Estonii jest język estoński, którym posługuje się większość ludności. Język estoński jest ugrofińskim językiem, co oznacza, że jest spokrewniony z językami fińskim, węgierskim i niektórymi językami rdzennej ludności Syberii. Ponadto, w Estonii używane są również inne języki, w tym język rosyjski, który jest drugim najczęściej używanym językiem w kraju. Inne języki, które są obecne w Estonii, to języki angielski, niemiecki, fiński i szwedzki. W turystycznych miejscach można również spotkać osoby mówiące w innych językach, takich jak francuski, włoski, hiszpański czy chiński.

 

🇪🇪🇵🇱 ZAREJESTRUJ FIRMĘ W ESTONII

Konto bankowe dla firmy w Estonii

Otrzymujemy wiele zapytań:  W jaki sposób otworzyć konto bankowe poza Polską? Jak oworzyć konto bankowe dla firmy zagranicznej w Polsce? Czy uda się nam założyć konto bankowe w Revolut dla spółki w Estonii? A dlaczego WISE wstrzymało przyjmowanie aplikacji o konto biznesowe? A dlaczego ja muszę jechać aż 2 razy do Estonii, żeby otworzyć tam konto bankowe, które przecież po 6 miesiącach mogą mi zablokować? Panie Pawle, a dlaczego otworzenie konta w Estonii tyle trwa? A Bo Mirek powiedział mi , że mu odmówili , bo nie miał klientów w Estonii. A bo Pani Renata w LHV już była i z niczym wróciła. Co jest grane z tymi kontami bankowymi w EST?

Odpowiadam:  NIE WIEM.

Uzasadnienie:   Nie znam stanu faktycznego sprawy i Twoich potrzeb biznesowych.   Mam zatem kilka sprawdzonych kont bankowych oraz bramek płatniczych do przyjmowania płatności , które sprawdzają się świetnie.  Chętnie doradzę w procesie otworzenia konta bankowego dla firmy z Estonii.

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Rejestracja do VAT w Estonii


Rejestracja do VAT w Estonii przebiega bezproblemowo i zajmuje od 3 do 5 dni roboczych. Formularz rejestracji do VAT znajduje się pod linkiem – VAT Registration.       

Najważniejsze szczegóły, które bierze pod uwagę estoński EMTA przy wydaniu numeru VAT EE

Czy spółka ma kontrahentów na terytorium Estonii?

Kontakt z urzędem podatkowym w Estonii jest bardzo przyjemny , gdyż to bardzo mały kraj i wszystko odbywa się przez pocztę elektroniczną. Poniżej przedstawiam kilka przykładów kiedy spółka otrzyma VAT, a kiedy może spotkać się z odmową. Dla klientów, którzy chcą pominąć procedurę do rejestracji do VAT , zachęcamy wejść do zakładki gotowe spółki – lecz oferta naszej firmy jest w jezyku angielskim.



Spółka estońska X dokonuje sprzedazy towarów z Norwegii do Szwecji . Wszystko odbywa się poza Estonią.

Tutaj absolutnie spółka dostanie odmowę zarejestrowania do VAT


Spółka estońska Y dokonuje sprzedaży usług do klientów biznesowych oraz zakupuje usługi marketingowe od estońskiego podmiotu

Spółka prawdopodobnie po zweryfikowaniu stanu faktycznego otrzymania numer VAT EE




Gdzie wyrobić kartę e-Residency i ile to trwa?

Wejdź na stronę https://apply.gov.ee/ oraz uzupełnij wszystkie pola swoimi danymi osobowymi. Nie zapomnij dołączyć wysokiej jakości zdjęcia do dokumentu oraz informacji dodatkowych takich jak profil LinkedIN , FB lub CV, które pokaże Twoje kwalifikacje i doświadczenie zawodowe. Oczekuj na zatwierdzenie Twojej aplikacji , a po 3-8 tygodniach odbierz ją z warszawskiej Ambasady przy ul. Karwińskiej 1 i zgłoś się do firmy, która pomoże Ci zarejestrować firmę w Estonii

Zarejestruj firmę w Estonii 🇪🇪🇵🇱

Useful Links

Name Link
Ambasada Estonii w Warszawie Estonian Embassy in Warsaw
Ambasada RP Polska w Tallinnie Polish Embassy in Tallinn
Commercial Register (Sad Rejestrowy w Estonii) Estonian Commercial Register
Urząd Skarbowy Estonia (EMTA) Estonian Tax and Customs Board (EMTA)

 

 

 

Read more
Payment institution Lithuania

Payment institution in Lithuania

Payment institutions are like special banks 💼 that help people and businesses send and receive money 💸. They need permission 📜 from financial leaders to work. They can help you transfer money 💵, change currencies 🌍, or use electronic money 📲. They also have tools 🛠️ to stop fraud and manage data 💽. These institutions are great for quick online payments 💻 and help those who don’t use regular banks 🏦.

💳 Set up payment institution in Lithuania with Eesti Consulting

Free consultation

Get a free consultation with Eesti Consulting lawyers!
 

🤔 Payment institution or EMI License called?

The electronic money institution, often referred to as an EMI license or E-money license 💳, is a regulated financial institution designed to offer services connected to electronic money and payments. Holding the full E-Money license means there’s no expiry date and no restriction on the type of activity. When a company secures a license as an electronic money institution in Lithuania 🇱🇹, it gains the freedom to serve across the European Economic Area (EEA) without needing extra approvals in other EU nations. In essence, once licensed in Lithuania, the institution can expand its services to other EEA countries by opening branches there 🌍.

Services that need a license in Lithuania 🇱🇹

🔹 Depositing money into a payment account and managing that account.

🔹 Withdrawing cash from a payment account and all related tasks to manage that account.

🔹 Carrying out payment tasks, like transferring funds between different accounts, whether they’re with the same provider or a different one. This includes one-time payments, using payment cards, or setting up regular transfers.

🔹 Completing payment activities where the user has a credit line. This encompasses direct one-off charges, transactions via payment cards, or setting up repeated transfers.

🔹 Giving out or receiving payment tools.

🔹 Managing money transfers.

🔹 Handling payments where users approve transactions using phones, computers, or other digital devices. The tech or telecom company only acts as a go-between, connecting the seller of a product or service with the buyer.

Share Capital Requirements for EMI, PSP, and E-Money Licenses” 📈

Share capitalConditions
>= 20 000 € Not less than EUR 20,000 if the payment institution intends to provide only money transfer services – transfers – “money transfer services”
>= 50 000€Not less than EUR 50,000 if the institution intends to provide payment initiation services
>= 125 00 € Not less than EUR 125,000 if the institution will provide services from the following catalog*
  • 🏦 “Service allowing money deposits into a payment account and all necessary operations to manage it.”
  • 💵 “Service that facilitates cash withdrawals from a payment account and all essential tasks to run that account.”
  • 🔄 “Payment activities, which include fund transfers to accounts either within the same institution or to another payment service provider. This covers direct debits, transactions via payment cards, and setting up regular transfers.”
  • 💳 “Transactions where the money comes from a user’s credit line. This includes one-time direct debits, card transactions, and regular transfers.”
  • 🛍️ “Issuing or acquiring payment tools and handling payment transactions.


Authorization Process for Payment License in Lithuania” 🇱🇹📜

The Bank of Lithuania 🏦 takes an open approach to authorising payment institutions and other entities, initiating the journey even before the formal application lands on their desk. For those considering obtaining a license, the Bank advocates for early engagement 📆, offering a platform to understand which financial activities necessitate licensing. Early discussions set the stage for a comprehensive understanding of the roadmap ahead – detailing procedural steps 📋, critical requirements, potential challenges, and the Bank’s expectations 🎯.

The heart ❤️ of the authorization procedure is the submission of an application to the Bank’s Supervision Service. This step is accompanied by a rigorous review 🧐 of the submitted materials. Although the aim is to conclude this review within a three-month window ⏳, the need for supplemental data or documentation might necessitate additional time. Once the assessment reaches its conclusion, the Bank of Lithuania’s Board takes the reins, deciding the fate of the application – to grant the coveted license 📜 or not.

Step-by-Step Guide to Obtaining an EU E-Money License in Lithuania” 🇪🇺📜🇱🇹

STEP 1️⃣ COMPANY REGISTRATION

  • Certificate of incorporation
  • Power of attorney ( notarial deed)
  • Register of shareholders
  • Drafting of the articles of association
  • Beneficial owners list
  • Technical documentation of new fintech company
  • Company income statement over the last few years
  • UBO income statement for the last few years
  • Directors of the company
  • CV and professional experience
  • AML certificates
  • Current procedures regarding company wallet accounts

STEP 2️⃣ FILLING OUT APPLICATIONS

  • Fintech business plan
  • Company organizational structure
  • IT security – schemes
  • Financial forecasts in the form of schametes

STEP 3️⃣: FINANCIAL DOCUMENTS

  • Opening a bank account
  • Registration for VAT
  • Contract for accounting and financial statements
  • AML KYC CTS training
  • Risk management
  • Meeting with bank representatives

11 Advantages of Obtaining a PSP License in Lithuania” 🇱🇹🔑

1️⃣ Welcoming Non-Residents 🌍: Lithuania doesn’t mandate the company’s management board to be its residents.

2️⃣ Post-License Company Registration 📜⏭️🏢: Begin forming your company only after securing the license.

3️⃣ License First 📝: Submit the license application even before company establishment.

4️⃣ English Proficiency 🇬🇧: Documentation can be prepared entirely in English.

5️⃣ IBAN Access 🌐: Customers enjoy access to the IBAN system, receiving their own IBAN accounts.

6️⃣ PSD2 Ready 🔗: Embrace PSD2 to offer payment initiation service (PIS) and account information service (AIS).

7️⃣ Remote KYC & AML 🖥️✅: Use advanced tech for remote customer verification, like the systems used by Paysera or Mistertango.

8️⃣ SEPA Access 💶: Direct entry into the single payment area in EUR within the SEPA framework.

9️⃣ EU Gateway 🚪🇪🇺: Operate across the European Union with a single Lithuanian-issued license. Fun fact: Google has a license from Lithuania!

🔟 Grace Period for Newbies ⚖️🚫: No financial penalties during the first year for minor infringements by new businesses in the regulated sector.


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Company Liquidation with e-Residency Card

E-Residency in Estonia Statistics [2023]

E-Residency Statistics from Estonia [2023]

E-Resident is an individual from a foreign country whose request for e-residency has been sanctioned by the Estonian Police and Border Guard Board, signifying the approval of an e-resident’s digital identity card. The status of an e-resident remains unaffected even after the expiration of the digital ID card

Company Liquidation with e-Residency Card
Design of e-Residency Card – Front Side

E-Residents Paid about 40M € Taxes

In the initial half of 2023, businesses owned by Estonian e-residents contributed 37.7 million euros in tax revenue, marking a 57% growth from the previous year. The e-Residency program has, to date, generated a total economic impact of 183 million euros for Estonia.   Start company in Estonia with few clicks.

109,000 E-Residents In 2024 💳

Estonia boasts over 109,000 e-residents, with more than 28,500 Estonian companies established by them. In November 2023 alone, there were 1,240 new e-residency applications and 362 new Estonian companies formed by e-residents. The e-Residency Marketplace features 130+ global service providers.

Number of e-Residents
Source: https://www.e-resident.gov.ee/

TOP 10 e-Residency Countries

In terms of Estonian e-residency interest, 🇺🇦 Ukraine leads with 6,778 applications, followed closely by 🇩🇪 Germany with 6,499 and 🇫🇮 Finland with 6,037 applications. 🇷🇺 Russia and 🇪🇸 Spain also show significant interest, with 5,771 and 5,431 applications, respectively.  Open e-Residency company in Estonia.

The List of Countries with e-Residency Card
Source: https://www.e-resident.gov.ee/

E-Residents Application 2014-2020

Companies launched by e-Residents 2014-2020

Companies founded by e-Residents

The Advantages of e-Residency Card 🇪🇪

 

E-Residency Card Advantages
Tallinn in Estonia – Aerial View

Have you ever thought about applying for an e-Residency card? Please read carefully this post and discover the advantages of the Estonian e-ID card. 💡

Imagine two scenarios: 🌍

Martin does not have an e-Residency card. He needs to travel to a notary public in Tallinn in order to incorporate an Estonian company as a holding company. He needs to visit the SWEDBANK branch and spend a lot of money on flights and accommodation. Robert is an e-Resident card holder. He can incorporate the company wholly online, remotely from home, and file statutory documents such as accounts, VAT returns, and others. It is essential to apply for an e-Residency card earlier due to waiting for approval by Police Border Guard. The statutory period for accepting your application is approximately 30 business days. ⏳ Martin will apply for a Trademark Registration soon.

Application for e-Residency Card in 5 steps 📝

  1. Fill out the application form and include a passport photo with the correct format and consistent with specifications. 📄
  2. Wait for a decision from the Police Border Guard in Estonia. 🚓
  3. Receive an email confirmation about the granting of your e-ID card then apply for a Virtual Office. 📧 from Eesti Consulting
  4. Travel to the local Estonian Embassy in your home country to pick up your document. 🌐
  5. Register a company in Estonia with Eesti Consulting and start the business soon. 💼

What Can You Do with e-Residency Card? 🌟

  1. Company formation in Estonia done fully remotely 🏢
  2. Conclude agreements between you and other counterparties. 🤝
  3. Connect and log in to the e-banking services securely with e-ID – do not be afraid of phishing attacks – stop hackers from taking over bank account🌍 Where to Pick Up e-Residency Card? 📦s. 🔒
  4. Fulfill statutory duties with the e-ID card – for example, submit Annual Reports in Estonia (Profit & Loss, Balance Sheet) to RIK or do VAT Registration or file VAT returns to EMTA. 📈

 

Start Company in Estonia with EESTI CONSULTING! 👋

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