Costs of Estonian Company in 2024
Ah… Estonia, Your Perfect Choice! 🌟
Estonia offers a great business environment with advanced digital services and a unique e-Residency program. It’s known for its efficient tax system and ease of company registration, making it a top choice for entrepreneurs around the world. Studies show that foreign investors value Estonia’s stable and secure economy, thanks to its strong political and economic foundation. The country’s fair tax system and business-friendly policies make it a competitive place to register a company.
Investors often praise Estonia’s tax benefits. The country is ranked #1 globally for tax competitiveness. Key advantages include no corporate income tax on retained and reinvested profits and a 14-20% tax on distributed profits. Taxes can be filed entirely online, and there are several grants and incentives available for foreign investors looking to register a company.
Why e-Residency Card reduces registration costs?
From an advisor’s perspective, using the e-Residency card can help you cut costs when setting up a company in Estonia. Firstly, it avoids the high fees you’d pay for a notary. Secondly, it saves time, as forming a company through a notary usually takes 5-7 business days for updates. Finally, e-Residency lets you complete everything online and instantly, making the process much smoother.
Company Registration Fees in Estonia
Understanding the costs associated with company registration in Estonia is crucial. Here is a detailed breakdown of the different registration methods and their costs.
Registration by e-Residency Card
An e-Residency card is a digital ID card provided by Estonia. It allows people from anywhere in the world to access Estonian online services, start and manage a business online, and sign documents electronically. Haven’t e-Residency card yet? Just choose apply here.
| Service | Cost (€) |
|---|---|
| State Fee for Company Registration | €265 |
| Application for e-Residency | €100-120 |
| Legal Address | €100 |
| Contact Person | €100 |
Registration by Notary Public
A Notary Public from Tallinn is an official authorized to perform legal acts and certify documents in Estonia’s capital, Tallinn. They handle tasks like verifying signatures, authenticating documents, and assisting with property transactions, business registrations, and other legal matters.
Eesti Consulting frequently conducts transactions using Tallinn’s notary with a Power of Attorney from our clients. We assist with company registration for clients who do not have an e-Residency card, handle paper Annual Reports, help sell or buy shares on behalf of companies, and fill in outstanding data for the Commercial Register (rik).
| Service | Cost (€) |
|---|---|
| State Fee | €200 |
| Notarial Fees | €50-200 |
| Legal Address | €100 |
| Contact Person | €100 |
Registering a company through a notary public is another option, particularly for those who prefer or require in-person verification. This method includes costs such as the state fee, notary fees, legal address, and contact person services. Like the e-Residency registration, additional costs can include accounting services and business banking.
Required Documentation 📑
Power of Attorney – notarized and apostilled
Proof of ID And Address
The presence of the client is not required. All activities can be done fully remotely without the presence of the client. Our attorney will handle all tasks on behalf of the client using the e-Notary system.
Buying a Ready-Made Company in Estonia
Purchasing a ready made company is an alternative for those looking for a quicker start. This method involves buying an existing company that has already been registered. Costs include the purchase price, legal address, and contact person services. Additional optional costs might include accounting services and business banking.
| Service | Cost (€) |
|---|---|
| Cost of Ready-Made Company | €2500 |
| Notarial Fees | €350 |
| State Fees (RIK) | €25 |
| Certified Translations of Power of Attorney | €150 |
Success of Lignogroup from Tallinn
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Conclusion
Starting a company in Estonia involves various costs depending on the chosen registration method. Whether opting for the e-Residency card, notary public registration, or buying a ready-made company, understanding these costs will help you make an informed decision. Consider your business needs and preferences to choose the most suitable method for your venture in Estonia.