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

Corporation Tax by Country - Worldwide

CountryYearCorporation Tax Rate
Afghanistan202120
Angola202125
Albania202115
United Arab Emirates20210
Argentina202135
Armenia202118
Antigua and Barbuda202125
Australia202130
Austria202125
Azerbaijan202120
Burundi202130
Belgium202125
Benin202130
Burkina Faso202128
Bangladesh202132.5
Bulgaria202110
Bahrain20210
Bahamas20210
Bosnia and Herzegovina202110
Belarus202118
Belize202125
Bolivia (Plurinational State of)202125
Brazil202134
Barbados20215.5
Brunei Darussalam202118.5
Bhutan202125
Botswana202122
Central African Republic202130
Canada202126.15
Switzerland202119.698516
Chile202110
China202125
Cameroon202133
Democratic Republic of the Congo202130
Congo202128
Colombia202131
Cabo Verde202122
Costa Rica202130
Cuba202135
Cyprus202112.5
Czechia202119
Germany202129.937781
Djibouti202125
Dominica202125
Denmark202122
Dominican Republic202127
Algeria202126
Ecuador202125
Egypt202122.5
Eritrea202130
Spain202125
Estonia202120 (Deffer your tax - 0%)
Ethiopia202130
Finland202120
Fiji202120
France202128.4075
Gabon202130
United Kingdom of Great Britain and Northern Ireland202119
Georgia202115
Ghana202125
Guinea202135
Gambia202127
Guinea-Bissau202125
Equatorial Guinea202135
Greece202124
Grenada202128
Guatemala202125
Guyana202125
China, Hong Kong Special Administrative Region202116.5
Honduras202125
Croatia202118
Haiti202130
Hungary20219
Indonesia202122
India202130
Ireland202112.5
Iran (Islamic Republic of)202125
Iraq202115
Iceland202120
Israel202123
Italy202127.81
Jamaica202125
Jordan202120
Japan202129.74
Kazakhstan202120
Kenya202130
Kyrgyzstan202110
Cambodia202120
Saint Kitts and Nevis202133
Republic of Korea202127.5
Kuwait202115
Lao People's Democratic Republic202120
Lebanon202117
Liberia202125
Libya202120
Saint Lucia202130
Sri Lanka202124
Lesotho202125
Lithuania202115
Luxembourg202124.94
Latvia202120
China, Macao Special Administrative Region202112
Morocco202131
Republic of Moldova202112
Madagascar202120
Maldives202115
Mexico202130
The former Yugoslav Republic of Macedonia202110
Mali202130
Malta202135
Myanmar202125
Mongolia202125
Mozambique202132
Mauritania202125
Mauritius202115
Malawi202130
Malaysia202124
Namibia202132
Niger202130
Nigeria202130
Nicaragua202130
Netherlands202125
Norway202122
Nepal202125
New Zealand202128
Oman202115
Pakistan202129
Panama202125
Peru202129.5
Philippines202130
Papua New Guinea202130
Poland202119
Puerto Rico202137.5
Portugal202131.5
Paraguay202110
Qatar202110
Romania202116
Russian Federation202120
Rwanda202130
Saudi Arabia202120
Sudan202135
Senegal202130
Singapore202117
Solomon Islands202130
Sierra Leone202130
El Salvador202130
Serbia202115
Sao Tome and Principe202125
Suriname202136
Slovakia202121
Slovenia202119
Sweden202120.6
Swaziland202127.5
Seychelles202133
Syrian Arab Republic202128
Chad202135
Togo202127
Thailand202120
Tajikistan202123
Turkmenistan20218
Tonga202125
Trinidad and Tobago202130
Tunisia202115
Turkey202120
Taiwan202120
United Republic of Tanzania202130
Uganda202130
Ukraine202118
Uruguay202125
United States of America202125.754568
Uzbekistan20217.5
Saint Vincent and the Grenadines202130
Venezuela (Bolivarian Republic of)202134
Viet Nam202120
Vanuatu20210
Samoa202127
Yemen202120
South Africa202128
Zambia202135
Zimbabwe202124.72