General KnowledgeSeptember 11, 2023

Subsidiary in Estonia – Register It!

WHY Subsidiary?

Hey there! 😊 Ever wondered what a “subsidiary” is all about? 🤔 Well, it’s like creating a business buddy! 🧐 In simple terms, a subsidiary is a separate legal entity that belongs to a parent company. 🏢👨‍💼 But why do people love having these business buddies? 🤝 Oh, there are plenty of reasons! 🌟 They help with things like managing risks, scoring tax benefits, and making strategic moves in new markets. 🌍📈 Let’s dive in and find out why folks are all about that subsidiary life! 💼🚀

https://www.youtube.com/watch?v=k27A23STgk8

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: With a flat corporate tax rate of 20%, Estonia lets you keep more of your hard-earned profits.

💼🌱 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.

🏛️🤝 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.

Establishing 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! 🇪🇪🏢💼

Register a subsidiary Now!

Registration of a 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! 👋

Order Now!
Read more
General KnowledgeApril 28, 20220 comment

Employment registration

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

Which data must be entered into the employment register?

  1. First of all you will need provide us with personal
    identification code, including first name, surname and date of brith
  2. Date when your employment starts
  3. Kind of employment

Self – employed
Local government – local government
SM without obligation – without obligation to pay social tax
TSD – declaration of income and social tax, payment of mandatory funded pension and unemployment insurance contribution
TM obligation – obligation to pay income tax
VÕS contract – a contract under the law of obligations

  1. Rate of working time
  2. Your job title
  3. Addess, where your work is performed.

Where I can register employment contract?

To register an employee , please log in to the e-MTA portal of the Estonian Tax and Customs Board and choose your role as business client.

https://maasikas.emta.ee/login/?lang=en

Who is entitled to registration under simplified procedure?

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“

What is the difference between “unpaid work” and “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.

What formalities are involved after employment’s registration?

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
how to register a company in estonia
General KnowledgeJuly 26, 2021

Start company in Estonia

4 steps to start company in Estonia

  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.
  2. 💼 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.
  3. 💱 If you’re looking to offer cryptocurrency-related services like exchanges or digital wallets, obtaining a cryptocurrency license in Estonia is a breeze.
  4. 🏦 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:

https://youtu.be/olMW2yPR97g
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/
  2. Visit e-Residency Marketplace to compare all legal service providers and choose solution for your company
  3. 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€

Banking solutions

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

  1. Register a company in Estonia with the assistance of Eesti Consulting
  2. 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

You can order bundle pack here:

  1. Reach Eesti Consulting and tell us about your business needs.
  2. We advise you with a business bank account in or outside Estonia

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.

🚀 Free Consultation with EESTI CONSULTING! 👋

Order Now!
Read more
Payment institution Lithuania
General KnowledgeFebruary 8, 2021

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

🤔 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.

Read more
General KnowledgeNovember 9, 2020

Company registration in Estonia

There are 3 ways of company registration in Estonia. We will show you how it works and how fast your limited liability company may be registered in this country. 

3 ways of company registration in Estonia:

  • by e-residency card 
  • by person 
  • by the power of attorney

Company formation with e-Residency Card

To get started, go to https://apply.gov.ee/ and read the form, then fill it out carefully. Apply for an e-resident card. The cost of the application is 100 EURO. The waiting time for issuing the card is usually 1-2 months. You can pick up the card at the nearest Estonian embassy – here is a list of card pickup points.

Company registration with e-Residency card is smooth. We need some documents from you – Personal Identification Number and 2 pieces of personal documents – usually Passport or identity card and proof of your residency – f.e utility bill.

Our package for e-Residents contains:

  • Legal address for 1 year in heart of Tallinn
  • Contact person for 1 year
  • Company formation service
  • State fee (190EUR) included in the fee

Register your company by person

Reach Eesti Consulting and then we will set up an appointment at the nearest notary’s office. We will help you prepare an application for the registration of your company in Estonia so that all paperwork can be completed in one visit. Please do not forget to bring your photo ID with you.

The average waiting time for an appointment at a notary’s office is about 7-8 business days. Please don’t reserve a flight to Estonia until we have made an appointment. The registration of the company by a notary public doesn’t preclude obtaining an e-resident card.

Register your company by Power of Attorney

We recommend this option primarily for people who are unable to come to Estonia, e.g. due to the covid-19 epidemic. Many of our clients grant us a power of attorney to register a company in Estonia from overseas countries – such as the USA or Australia. The cost of flying to Estonia is too high, so the easiest way is to go to a local notary in your country of residence and issue a power of attorney. Such power of attorney must be apostille.

Rejestracja firm w Estonii - kontakt
Order free consultation
Read more
General KnowledgeNovember 9, 2020

Get Apostille and original documents from Estonia

Get Apostille with Eesti Consulting

Your company is already registered in the Commercial Register called “RIK”. Now your goal should be to open a bank account. For this, you will need the original company documents and even Apostille and sworn translations. Our company will help you in obtaining the following documents.

You will need the following documents:

  • Apostille
  • Certificate of tax residency
  • True copies of corporate documents like an extract from the board of directors, shareholders and beneficial owners
  • Article of Association in Estonian translated sworn to English

Eesti Consulting OÜ is able to provide you with all statutory documents within the timeframe of 2-3 business days. Do not hesitate to visit our shop and order the documents with a few clicks.

Rejestracja firm w Estonii - kontakt
Read more
General KnowledgeNovember 9, 2020

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

Read more
General KnowledgeSeptember 21, 2020

Trademark registration in Estonia

A trademark is used to identify products and services. His task is to distinguish your products from coco-competitive products. A trademark can be a word, drawing, letter, number, color, spatial form, including the shape of the goods, and even sound.

We have the following types of trademarks: word mark, word graphic, spatial mark, positional mark, color combination, sound mark, moving mark or holographic mark.

Source of Estonian Trademark Law
Trademark Act – View

TRADEMARK BENEFITS

TAX AND LEGAL INCENTIVES OF TRADEMARK REGISTRATION

A TRADEMARK CAN BE SOLD

A trademark is a property right that you can sell. You don’t have to sell your business or enterprise – you can sell the trademark itself. By registering a mark on an individual, you can retain the right to the most important asset when, for example, your company encounters difficulties and its assets are seized.

THE EXCLUSIVE RIGHT TO USING ® OR “R”

Only registered trademarks have the right to use the ® or “R” symbols to inform customers, business partners and third parties that the logo and identification has legal protection guaranteed by the country in which the trademark or the European Union is registered. registration for all countries.

LICENSING

If you do not want to sell a trademark and preserve property rights to it – the best idea is to license the trademark. Assuming you develop a global brand. You want to keep your right to a trademark in a specific geographical territory – e.g. Estonia, and outside these countries you license the trademark – e.g. applies to franchise systems. Your customers pay you a monthly license fee, and you accumulate passive income that your brand generates.

TRADEMARK IS AN ASSET

A trademark has been an asset since its registration – an asset that can be included in the books of account and made depreciation. You will not enter a mark in the account book that has not been registered but was created by yourself. That is why it is good to register a trademark belonging to a natural person and then sell or license that trademark.

LEGAL TAX OPTIMIZATION

Did you know that if you are a trademark owner as a natural person – can you legally sell this trademark to your company or grant it a license and receive remuneration that will be taxed in your country of tax residence?

Read more
General KnowledgeSeptember 21, 2020

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.

Read more