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.

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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 an Estonia recruitment agency, or 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.  

 

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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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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?

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Firmy consultingowe 🏭 Świadczą usługi doradcze, pomagając w rozwiązywaniu problemów biznesowych oraz doskonaleniu procesów operacyjnych.
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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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Certified translations of Estonian documents

Our company offers specialized translation services from Estonian into other foreign languages.

Sworn translations concern translations from Estonian into:
– English
– German
– French
– Spanish language
– Italian language
– Finnish language
– Polish language

Our sworn translators have over years of experience, especially in legal translations. Usually, our translation orders concern translations of printouts from the commercial register – RIK, company agreements, lists of directors and shareholders, as well as translations of certificates of residence, corporate correspondence, as well as civil law contracts.

We also provide telephone and interpreting services, e.g. during visits to Estonian offices.

Sample Translations

  1. Certified translation of Article of Association from RIK Register
  2. Sworn translation of Extract from Commercial Register
  3. Sworn translation of Certificate of tax residency from Estonia

How and where to verify person, who is sworn translator?

  1. Chamber of Sworn Translators www.vandetolgid.ee
  2. Sworn Translators Act www.riigiteataja.ee

Permissions of sworn translators

  • Translate documents
  • Prepare certified copies or printouts of corporate documents they translate
  • they can also advise clients and arrange the authentication of documents to be translated or translations with an apostille
  • translate contracts, invoices and international agreements.

See our products concerning certified translation

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Crypto bank account

BANKING SOLUTIONS FOR CRYPTOCURRENCY BUSINESS

You’ve heard that it’s difficult to open a bank account for cryptocurrency services. Today we will tell you how to start preparations for opening such an account. Customers who contact us say they are refused to set up an account. They set up companies in EU countries and then encounter difficulties in opening a bank account. Is it even possible to open such a bank account?

ACCOUNT TYPE FOR CRYPTO CLIENTS

HIGH STREET BANK It is crypto-friendly bank, who operates as traditional high street bank – financial institution PAYMENT SERVICE PROVIDER It operates under the E-Money License – it works like fintech apps – likes Revolut, Trasnferwise but it is crypto-friendly

OUR FEES

We will help you estabilish bank account or PSP service for your cryptocurrency business.

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Tax residency in Estonia

NATURAL PERSONS

A natural person is resident if one of the conditions is met: – the place of residence is in Estonia – the residence time in Estonia is at least 183 days per year

LEGAL PERSONS

A legal person is a resident of Estonia based on the place of registration of the company

§ 6. Resident (1) A natural person is a resident if his or her place of residence is in Estonia or if he or she stays in Estonia for at least 183 days over the course of a period of 12 consecutive calendar months. A person shall be deemed to be a resident as of the date of his or her arrival in Estonia. Estonian diplomats who are in foreign service are also residents. A resident natural person shall pay income tax on all income derived by him or her in Estonia and outside Estonia, regardless of whether the income is listed in §§ 13–22 or not. [RT I, 06.07.2012, 1 – entry into force 01.04.2013]

(2) A legal person is a resident if it is established pursuant to Estonian law. European public limited companies (SE) and European associations (SCE) whose seat is registered in Estonia are also residents. A resident legal person shall pay income tax on the objects of taxation prescribed in §§ 48–52 and withhold income tax from payments listed in § 41.

Source:  Income Tax Act Estonia – read full act here


ASK ABOUT TAX RESIDENCY

DOES THE E-RESIDENCE CARD AFFECT MY TAX RESIDENCE?

The e-Residence card has no effect on the residence. This is only a document that allows you to sign an electronic signature and correctly identify when setting up a company or operating a bank account. Thanks to the e-Residence card, we have access to the Estonian market.

CAN I GET THE CERTIFICATE OF TAX RESIDENCY SIGNED AND STAMPED BY REVENUE?

Yes – we offer this service. You can order a residence certificate with the official stamp and signature. You will need it when making payments to non-residents – e.g. if you avoid paying withholding tax in other countries.

WHICH TAXES ARE PAID BY NON-RESIDENT IN ESTONIA?

The non-resident pays taxes only on remuneration obtained from sources located in Estonia – e.g. if the workplace is in Estonia – the non-resident has a limited tax liability in Estonia, and unlimited in the country where he is a resident, e.g. in Poland or Germany.

DIRECTOR’S FEE FOR NON-RESIDENT

Director’s fee is taxed in the Estonia – is not important you are resident or non-resident. You need pay usually Income Tax in Estonia and social securities depending on your employment status. If you have other functions in other countries, you can present A-1 certificate and be exempt from the social security.

COMPANY HAS THE TAX RESIDENCY IN BOTH COUNTRIES (…)

It may turn out that a limited company (legal entity) will have a residence not only in Estonia, but also in another country. It is the agreements on the avoidance of double taxation that resolve the conflict of tax residence – and in particular Article 4.

I WILL CHANGE THE TAX RESIDENCY AS NATURAL PERSON – WHAT TO DO?

You need file the “R” form and sent it to EMTA (Revenue) when you change the tax residency or leave the country. This notification of tax authorities is mandatory.

FEE FOR CERTIFICATE OF RESIDENCE

DISCLAIMER

Non-residents  have a limited tax liability in Estonia, only the Estonian-source income is taxed.

Thus, where by reason of the provisions of agreement between two countries who have concluded a convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income , a person is a resident of both contracting states, his status shall be determined according to article 4 of the tax treaty.
If the residency prescribed on the basis of an international agreement  differs from the residency prescribed pursuant to the Estonian Income Tax Act, the provisions of the international agreement apply.

NB! The foreign tax authorities could determine PE – permanent establishment – to be in their country. If the Estonian tax board recognizes during control that Estonian company created by e-resident is operating in a foreign country and should pay it’s taxes there, EMTA will share that information with other country’s tax authorities.

Not every business model is suitable for the Estonian company. Our employees will advise you on how to minimize international taxation risks.

EXAMPLE OF CERTIFICATE OF RESIDENCY AND TAX LIABILITY FROM ESTONIA

WHAT INFORMATION DOES THE CERTIFICATE CONTAIN?

The certificate of residence and tax liability is issued by Tax and Customs Board from Republic of Estonia called in Estonian “Eesti Maksu- ja Tolliament”.

On the certificate of residence you can see the company name (“nimi”), company number (“registrikood”) and registered office address (“aadress”). The Tax and Customs Board confirms that OU company is a resident of Estonia according to the Estonian Income Tax Act for the purposes of the Estonian income taxation.

Every valid certificate of residency from Estonia needs to be signed by officer and to be stamped.

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How to appoint beneficial owner in RIK?

A beneficial owner is a natural person who owns the benefits of ownership even though right to some form of business is in another name. It also indicates any individual or group of individuals who, both directly or indirectly, has the ability to vote or control the transaction decisions regarding specific security, such as shares in a company

In the event of natural person holds at least 25 % shares in the company, he is treated as a beneficial owner.   Most of the companies have only 1 director and 1 shareholder with 100% shares.    In this scenario, the beneficial owner is the 100% shareholder, who are together the director of the company.

Look at the other example.    Company has 5 shareholders:

A keeps 20% shares, B – 30%, C-30%, D – 10% and E – 10% shares

in the share capital of the company.  Who is the beneficial owner of the company in this case?  Only B and C candidates because they have more than 25% shares in the company capital.  Persons called “B” and “C” should fullfill statutory duties and be appointed as “Beneficial Owners” to Commercial Registrar.

2.  WHICH ENTITIES ARE OBLIGED TO SUBMIT THEIR DATA TO REGISTRAR?

  • Private limited companies (OU companies)
  • Public limited companies
  • General partnerships
  • Limited partnerships
  • Commercial associations
  • Foundations
  • Non-profit associations
  • European company and European Economic Interest Grouping

3. BRANCH OF FOREIGN COMPANIES

As article no. 384 (2) of the Commercial Code stipulates:

“(2) A branch is not a legal person. The company shall be liable for the obligations arising from the activities of the branch.”

The legal entity registered under foreign law is responsible for its branch and receiving information concerning the beneficial owners, who control the company.    Branch of foreign companies is not obliged to appoint beneficial owners to Commercial Register.

SHAREHOLDERS, WHO ARE LISTED COMPANIES ON REGULATED MARKETS

Only subsidiaries belonging to companies listed on the stock market are obliged to appointing of beneficial owners.
Others – listed companies do not need to do it. If the not listed company has one shareholder – listed company
on the regulated market – you do not need to indicate the beneficial owner.

PENALTIES AND NOTIFYING OF RIK ABOUT UBO

The beneficial owner’s data needs are submitted within 60 days of 1 September. The entered data of beneficial owners in the RIK can be changed, confirmed or added. Needed details of beneficial owners in case of private limited companies:

1) The name of the person
2) The personal code from e-Residency card
3) Country of living
4) Place and date of birth in the event if e-ID is not issued
5) data of the manner in which the person exercises control

Max amount of penalty for a natural person is 32,000 EUR for the failure of submitting UBO to Commercial Register.

OUR ASSISTANCE

We can help you manage corporate records to indicate correctly the Ultimate Beneficial Owners of the company. We need to do with diffirent ways:

  • as your Attorney ( on grounds of Power of Attorney ) – you will issue POA in your country of living in the form of notarial deed and post this POA to our estonian office)
  • as your Attorney ( you will grant access via RIK with using e-ID e-Residency card)

OUR PRICING

APPOINTING OF BENEFICIAL OWNER for e-Residents

€ 100 ONE TIME FEE

APPOINTING OF BENEFICIAL OWNER by notary public (POA)

€ 300 ONE TIME FEE

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Taxation in Estonia

Another reason to work and do business in Estonia is the fact that it has one of the most flexible taxation laws in the European Union as well as the rest of the world. The 0% tax on retained and reinvested profits alone has got local and foreign investors on a rat race trying to squeeze their way through immigration just so they can have a piece of that proverbial “pie” of the Estonian economy. But there are more tax benefits from Estonian company that any investor could enjoy if he decides to
start a business in Estonia that are just too good to ignore.

TAXES IN ESTONIA

  1. Corporate Income Tax
  2. Labour Tax
  3. Value Added Tax (VAT)
  4. Personal Income Tax

CORPORATE INCOME TAX – 0% TAX IN ESTONIA!

As stated above there is no more corporate income tax on retained and reinvested profits, which means that local and foreign companies alike no longer have to pay this kind of tax to the Estonian government. Only distributed profits will be taxed at the amount of 20% of the net
amount 
(both actual and deemed).

WHAT MEANS “DISTRIBUTED PROFITS” ?

  • Distributed corporate profits during tax period
  • Gifts, donations and representation expenses
  • Payments and expenses that are not connected to the business
  • Asset transfers of the business entity that has a permanent establishment in Estonia
  • (local or foreign) to its head office or to different companies

LABOUR TAX

Labour taxes also called social taxes is 33% of the total the share of labour costs attributable to
income taxes and social-security contributions minus cash benefits. It is divided into 2 parts one
being the social security (20% of the labour tax goes here) and health benefits (13% of the
labour tax is allocated to this as well). Estonia also levies an unemployment tax to businesses at
0.8% is paid on the gross salary. The government also withholds an additional 1.6% tax from
the employee’s wages.

VALUE ADDED TAX

The standard VAT rate is 20% for a business or a taxable person (if
your business is just a sole proprietorship), then it can be reduced to 9% depending on the circumstances of your acquisition of goods.

E-TAX SYSTEM

The e-Tax System is not a form of tax law but just a means to easily and efficiently file your
taxes on an electronic platform on the internet. In fact, 95% of all taxes in Estonia are declared
online which makes government transactions from their agency that handles the taxes of
Estonia get processed smoothly.

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How can I start the company in Estonia?

There are 3 ways of setting up company in Estonia:

  • FOR E-RESIDENCY CARD HOLDERS – This way is dedicated especially for e-Residency card holders. Company formation remotely from your home country.
  • COME TO TALLINN AND GO TO THE LOCAL NOTARY – We will assist you if you come to Tallinn. Ask our staff about setting up of appointment in the notary office for company formation purpose.
  • STAY AT HOME AND PROVIDE US WITH PROXY – Issue Power of Attorney in the form of notarial deed in your country of living. Arrange courier postage and let us act in your name for company registration in Estonia.

START

1. Collect basic information about the company. Decide how many shareholders and directors there will be in the company.  Select the subject of activity and decide if the share capital (2500 EUR minimum) will be paid or you will use a non-monetary contribution.

Here you can check if the company name is available – https://ariregister.rik.ee/lihtparing.py

Here you can check the classification of the subject of activity https://emtak.rik.ee/EMTAK/pages/klassifikaatorOtsing.jspx The company name must end with OU – known as osaühing or OÜ.

CHOOSE SERVICE PROVIDER

It is necessary to select a registration address in Estonia – a virtual office and a “contact person” – a legal person required if the board is outside of Estonia. The fee for the registration address and contact person is paid every year. We invite you to familiarize yourself with our packages.

Our company formation packages are visible here:

https://eesticonsulting.ee

VAT REGISTRATION

Registration to VAT taxation can be volountary in the event the custommer will decide to register to VAT from incorporation date. In the event when business transactions exceeds 40 000 euros from the begining of calender year, the OU company needs to be VAT registered obligatory.

The company director is required to submit an application for VAT registration to the EMTA. In the case of voluntary registration – the tax office may ask the client about his clients and the connection with Estonia. In order to issue an EE VAT number – the office sometimes asks for contracts with contractors, invoices or commercial correspondence.

There is no stamp duty for VAT registration. Here you can find VAT registration forms from EMTA directly:
https://www.emta.ee/eng/business-client/income-expenses-supply-profits/general-information-value-added-tax/vat-forms

BANK ACCOUNT OPENING

Opening an account in Estonia does not have to be difficult. We work with SWEDBANK and LHV banks – we represent our clients and help prepare for meetings with banquets.

The customer may wish to open a bank account outside of Estonia. In this situation, we have prepared an offer for countries such as Lithuania, Latvia, Estonia, Poland, Switzerland or Great Britain.

Many customers want to open an account on PSP – Payment Service Providers such as Transferwise or RevolutCryptocurrency companies (with issued license) do not have an easy way to open an account, which is why we have a specially prepared offer for high-risk businesses here.

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How to open LHV bank account?

Most of the e-Residents is looking for solutions for collecting payments from their customers. They consider highstreet banking vs fintech Payment Service Providers. The goal of this article is showing you the way of the opening bank account at LHV Pank – biggest domestic financial institution, employing over 400 people in Tallinn and Tartu cities, holding 177,000 clients.

If you are e-Resident card holder, please execute these steps
as follows:

1) Fill the application form for the business client – https://www.lhv.ee/assets/files/applications/Application_to_open_an_account_in_LHV_Pank_natural_person-EN.pdf
2) Fill the online application form with using your e-Resident card.
3) Attach your ID document (EEA card or passport) and send to the address info@lhv.ee.

Application need be signed electronically with e-ID software. Considering of application takes 7 business days. Then the bank will notify about the positive or negative decision. In the case of a positive decision of concluding the relationship, mandatory is visiting local LHV branch and present passport or EEA identity card for the purpose of signing the agreement.

HOW TO GET A POSITIVE DECISION FROM LHV?

Estonian banks treat KYC (Know Your Customer) and AML/CTS seriously.
Moreover, they want to check your connection with Estonia. If you are
non-resident and live out of Estonia and you won’t demonstrate that you have counterparties in Estonia, you can forget about setting up an account.

I will describe to you what is the method of explaining them your business presence in Tallinn.

1) Tax reasons for the opening company in Estonia and bank account is not indifferent.
2) Find your business partners on upwork.com or peopleperhour.com and outsource them your job. You can show the bank print-outs from upwork.com, quotes, invoices or cover letter.
3) Find your business clients in Estonia ( translate your website into Estonian language and show the bank that you have a business presence in Tallinn)
4) Use a trusted company formation partner (likes Eesticonsulting.ee). A trusted company will provide you legal address, that will be accepted by the bank.
5) Setup Estonian domain (.ee) and phone number (+372) for the purpose of contacting with counterparties.

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State fee for crypto license will increase in Estonia from 345 eur to 3300 eur

The Ministry of Finance in Estonia changes the rules for issuing crypto licenses. The application is being reviewed from 30 to 90 days and the price from 345 EUR to 3300 EUR for one license – comments Paweł Krok – CEO at Eesticonsulting.ee.

[wpsm_quote author=”M. Helme from Ministry of Finance – Estonia” float=”left” width=”100%”]We have learned our lesson from the banking sector the hard way, and we must now deal with new international risks, with cryptocurrencies among the most urgent of these[/wpsm_quote]

The Ministry of Finance in Estonia changes the rules for issuing crypto licenses. The application is being reviewed from 30 to 90 days and the price from 345 EUR to 3300 EUR for one license – comments Paweł Krok – CEO at Eesticonsulting.ee.

The Estonian government introduced changes to the granting of cryptocurrency licenses. Minister of Finance – Martin Helme tells that this is only the first step in the field of prevention of money laundering. The bill

introduces numbered formal obligations. Application processing time will be extended from 30 to 90 days. Required will be company incorporation in Estonia or running a branch of a foreign company. Moreover, registered office address and board of directors need to be in Estonia. So far, the fee

stamp for the issuance of the license was 345EUR, and the amendment increases it 10 times to 3330 EUR from one license – adds Paweł Krok from Eesticonsulting.ee. Current license holders have a deadline until 31 December 2019 to fulfil statutory requirements under pain of withdrawal

license by the Estonian financial market regulator – Financial Intelligence Unit (FIU).

Goverment source:

https://www.rahandusministeerium.ee/en/news/granting-virtual-currency-activity-licences-set-become-tougher-under-new-bill

[quick_offer id=646]

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E-RESIDENCY guide

HOW TO APPLY FOR E-RESIDENCY CARD?

GET E-RESIDENCY CARD FROM HOME
Ready this guide to know how to obtain e-Resident card smoothly from your home and run your business working worldwide borderless.

FACTS AND MYTHS

[wpsm_column size=”one-half”][wpsm_pros title=”PROS:”]

  • With e resident card you can register Estonian company remotely from home
  • With e-residency card you have to open remotely the bank account or PSP (Payment Service Provider)
  • You can put your digital signature on business documents and the signature will be valid worldwide
  • You can reserve .ee domain and approve all official documents -f.e file the VAT return, Income Tax return and financial statements to Commercial Register
  • You are not obliged to travel to Estonia for the purpose of company registration or for the purpose of obtaining business licenses
  • You can not travel to Tallinn for the purpose of the e-ID card. Receive the card from the local embassy located in your home country.

[/wpsm_pros][/wpsm_column][wpsm_column size=”one-half” position=”last”][wpsm_cons title=”CONS:”]

  • E-Residency card has not any impact for your personal tax residency in your home country based on bilateral agreements tax regulations.
  • e-ID is not a VISA
  • e-ID has not influence for your temporary residence permitt in Estonia.
  • You can not receive e residency card by post or by attorney , because the fingerprints are required.

[/wpsm_cons][/wpsm_column]

 

PLUG & PLAY

5 STEPS FROM COLLECTING E-ID CARD TO BANK ACCOUNT

[wpsm_numhead num=”1″ style=”2″ heading=”2″]APPLY FOR E-RESIDENCY CARD[/wpsm_numhead]
Go to website https://e-resident.gov.ee/become-an-e-resident/. You will need a copy of EEA card or Passport and motivation statement. Then you have to pay for the application fee €100. Then you will be patient because application review is made by Estonian Police & Border Guard Board in the timeframe of 6-8 weeks. The final step is receiving of e-Residency kit. You can collect it at the selected location, f.e in the nearest Estonian embassy in your country of living.
[wpsm_numhead num=”2″ style=”2″ heading=”2″]CHOOSE YOUR PROVIDER[/wpsm_numhead]
You can choose your “company & trust service provider”. Remember that you have to verify the provider on mtr.km.ee website. Every company that offers company registration services in Estonia needs be provided with license number by the Financial Intelligence Unit. Eesticonsulting.ee has issued license number: FIU000310.   More information you will find in About us website.
[wpsm_numhead num=”3″ style=”2″ heading=”2″]LEGAL ADDRESS[/wpsm_numhead]
Estonian legal address is required by law for the purpose of the company registration. Every company is treated as an Estonian legal resident. Eesticonsulting.ee offers the legal address for your Estonian corporation in the heart of Tallinn. We charge you grounds of the annual subscription. More about virtual office services here.
[wpsm_numhead num=”4″ style=”2″ heading=”2″]CONTACT PERSON[/wpsm_numhead]
Estonian Commercial Code § 63 stipulates that if the board of directors reside out of Estonia, “contact person” needs be appointed in this situation. We provide Contact person service, especially for nonresidents. If you won’t appoint a contact person, your firm won’t is registered.
[wpsm_numhead num=”5″ style=”2″ heading=”2″]BANKING[/wpsm_numhead]
Did you hear a story about opening a bank account in Estonia for nonresidents? A lot of advisories tell: It is not possible – really – don’t try. Believe us. We have documented the experience and positive track record. We will try to advise you how to open an Estonian bank account and PSP provider.

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12.12.2019 – Changes in law for cryptocurrency license holders

On December 12, 2019, the Estonian parliament approved a law that applies to companies providing virtual currency wallet service or exchanging virtual currency against fiat currency.

Companies that have licenses issued must implement new procedures by July 1, 2020. Otherwise, the Financial Intelligence Unit may revoke their licenses – says Paweł Krok from Eesticonsulting.ee.

A company that wants to obtain a license for an exchange office and a currency portfolio must provide no criminal record proof and a CV for all members of the company. Everyone involved must present a copy of the passport certified by a notary public, as well as the AML procedure as before. A company should set up a bank account in Estonia or any EEA country. Share capital should be at least EUR 12,000. The non-monetary contribution is not allowed. The company should have its own office and management on the territory of the Republic of Estonia. For new applicants – the cost of the license will change from 345 to 3300 EUR. Time for consideration of the application is 60 days. Foreign companies can establish a branch in Estonia and apply for a license from this level.

Link to Google Docs PR:
https://docs.google.com/document/d/e/2PACX-1vTQZEFCZtdR82sBLbXg4qjMYTbYvfJwnCCEg0GN_lfeoGpUdk1cHB3sx2WnKIOI6_r6XvQ-nO320cxg/pub

Contact information:
Paweł Krok
contact@eesticonsulting.ee

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Remotely notary public

NOTARIAL ACTIVITIES ONLINE

REMOTE NOTARY FROM FEBRUARY 2020

Since February 2020, new solutions are entering Estonia, which are aimed at facilitating many activities that until now had to take place in a notary office.

Notaries can perform remote verification of clients remotely. A person who wants to use this solution must have an Estonian e-Residency (e-ID) or Mobil-ID card, Google Chrome browser with the appropriate plug, as well as an internet connection with a speed of about 30Mbit / s.

If a person wants to make a notarial deed – they must log into E-Notary and be in the room alone without company. If the transaction concerns several people – each of them must be in a separate room.

The notary public always decides whether the transaction will take place – the transaction may be interrupted at any time.

The Estonian system uses biometric face recognition technology – https://www.veriff.com/. The solutions were financed from the European Union’s Structural Fund and the budget of the Chamber of Notaries.

For people who do not have an e-ID or e-Residency card – service in Estonian embassies is available in the following cities:

  • Helsinki
  • Brussels
  • stockholm
  • London
  • Riga

Examples of actions:

– marriage or divorce applications

– succession applications

– purchase of shares in a private limited company

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Digital nomad visa for remote workers

Are you digital nomad worker and would you like to stay in Estonia up to 12 months? Starting from 1 August you may apply for digital nomad visa for remote workers.

Who can apply?

You need meet all following recrutiments:

  • You can work independent of your location
  • You can deliver your work services remotely using internet
  • You are employeed by the company registered outside of Estonia, conduct business through your own company registered abroad or work as a freelancer for clients mostly outside of Estonia.
  • You have possibility to provide authorities with the evidence that confirm the minimum threshold (€3504) during the six months before the application.

TYPES OF VISA

Type C for short stay – state fee is: 80€

Type D for long stay – state fee is: 100€

LIST OF EMBASSIES WHERE YOU CAN APPLY FOR VISA FOR NOMADS

Estonian Embassy in Ankara: https://ankara.mfa.ee 

Estonian Embassy in Abu Dhabi: https://abudhabi.mfa.ee (only D-visa applications as of September 1, 2020)

Estonian Embassy in Beijing: https://beijing.mfa.ee  

Estonian Embassy in Cairo: https://cairo.mfa.ee

Estonian Embassy in Canberra: https://canberra.mfa.ee

Estonian Embassy in Dublin: https://dublin.mfa.ee 

Estonian Embassy in Helsinki: https://helsinki.mfa.ee (only D-visa applications)

Estonian Embassy in Kyiv: https://kyiv.mfa.ee  

Estonian Embassy in London: https://london.mfa.ee

Estonian Embassy in Minsk: https://minsk.mfa.ee

Estonian Embassy in Moscow: https://moscow.mfa.ee

Estonian Embassy in New Delhi: https://newdelhi.mfa.ee 

Estonian Consulate General in New York: https://newyork.mfa.ee

Estonian Embassy in Nur-Sultan: https://nursultan.mfa.ee/

Estonian Embassy in Ottawa: https://ottawa.mfa.ee 

Estonian Embassy in Paris: https://paris.mfa.ee  (only D-visa applications)

Estonian Embassy in Stockholm: https://stockholm.mfa.ee (only D-visa applications)

Estonian Consulate General in St Petersburg: https://stpetersburg.mfa.ee 

Estonian Consulate General in St Petersburg Chancery in Pskov: https://pskov.mfa.ee

Estonian Embassy in Tbilisi: https://tbilisi.mfa.ee/

Estonian Embassy in Tel Aviv: https://telaviv.mfa.ee 

Estonian Embassy in Tokyo: https://tokyo.mfa.ee

Source: https://vm.ee/en/estonian-representations-which-are-handling-visa-applications

HOW IS THE PROCEDURE OF APPLYING?

  1. Visit the website https://eelviisataotlus.vm.ee/ and choose your language
  2. Choose the type of VISA – short stay (C) or long stay (D)
  3. Fill in the form and print it
  4. Make the appointment at Estonian Embassy or Consulate
  5. Take all supporting documents, evidences, identity documents like passport, identity card and submit your applicaiton
  6. Wait plase up to 30 days for approval your application.

NOTE! If you reside in Estonia – please apply for digital nomad visa directly to Police and Border Guard Board office

E-RESIDENCY CARD VS DIGITAL NOMAD VISA

E-RESIDENCY CARD

  • Get your goverment-issued digital identity and authenticate all documments
  • Gain access to Estonia’s e-Services like Estonian residents
  • Register your first company with e-Residency card and take advantage of deffering of Corporate Tax – 0%
  • Open the corporate bank account in Estonia or abroad
  • Complete your VAT return and all statutory duties
  • Apply on e-resident.gov.ee and wait 6-8 weeks for approval
  • Receive youe e-Residency card at local Embassy or Consulate around world.

DIGITAL NOMAD VISA

  • Obtain right for staying in Estonia for up to 1 year
  • Only for digital nomads people, who are be able to perform activities online independent of location
  • For employer with seat outside of Estonia
  • For the comapny with seat outside of Estonia
  • For freelancers, who have clients outside of Estonia
  • Approval time up to 30 days
  • Apply by visiting nearest Estonian Embassy
  • Receive VISA NOMAD at Estonian Embassy or Consulate
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