Benefits of registering a company in Estonia

  • 1- Corporation Tax may be deferred in the event when the profits achieved by the company will be invested – brought forward (0% Corporation Tax?)
  • 2- Gain access to e-Residency card and manage your company paperless i.e
  • digitally sign all letters from authorities, documents, business correspondence, encrypt data
  • and communicate safely with your counterparties
  • 3- Obtain easily a cryptocurrency license in Estonia if you want to provide crypto-related services to your customers such as cryptocurrency exchange or digital wallet services
  • 4- Open a bank account with no hassle with the assistance of Eesti Consulting in or outside Estonia

How to Establish a Company in Estonia

There are various ways of company registration in Estonia. In this article we learn only about the most commonly used form of business in Estonia – limited liability company (LLC) – a private limited company, know in Estonia “osaühing” the abbreviation “OÜ

REGISTRATION 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.

REGISTRATION 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/
  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