Start Company ๐
Start Company in Estonia with simply steps! Just contact Eesti Consulting and choose company registration way: e-Residency Card or Notary Public.
Accounting Services
Through Eesti Consulting, we provide you with cost-effective accounting services, as well as supporting the day-to-day activities of your business.
Open Company in Estonia with Us and Get Benefits [2024] ๐
๐ Quick Launch โ Set up a business in Estonia in 3 days in 1 day โ Fill in the form here or chat online to know more about company registration in Estonia
๐ฐ Get a Bank Account โ Receive corporate documents from Eesti and Open bank account in Estonia 100โฌ 0โฌ
โ๏ธ Get a free advice โ Ask for a taxation or law issues when you form a company in Estonia โ 0โฌ
๐ Free Tax Residency Certificate โ Get It for free insted of paying 100โฌ โ Start company here.
๐ง Get up to 1000โฌโ for start-up โ Eesti will show you how to Get a grant from the EU for trademark registration in Estonia or EU (reduce state fee by 625โฌ โ read more on e-Residency Blog) โ Add this benefit to company registration order.
Oร COMPANY FORMATION RECRUITMENTS
Share capital โ Standard is 2500โฌ/m but you have not obligation to pay upon starting.
Contact person โ Statutory duty if half of the board of directors reside out of Estonia.โ
Shareholders โ Shareholder is not personaly liable for debts of company and not engaged in management
Shares โ The minimum value of a share is 1 EUR.
Directors โ At least 1 person, who will be a natural person.โ
Non monetary contributionโ โ Non-monetary contribution is allowedโ
3 Ways of Company Formation in Estonia ๐๐ข
Formation by E-Residency Card
Be paperless, Be eco, Be digital nomad with e-Residency card โ no matter where you are now!
Beach, mountain or in New York City! Connect e-Residency Card, Share Personal Number and Launch Your First Company in Estonian Country!
Start your Digital Transformation. Join Digital Nation Today โ How much the fish? ๐
Company Formation by Notary Public!
Eesti Consulting is fully experienced in this kind of company formation. It is โcompany formationโ by notary public, by Power of Attorney. You donโt need travel to Estonia. Go to your notary in your home country , Sign notarial documments. Let Us Do Company Formation Job with apostilled and notarized Power of Attorney. โ It Works Well! How much ?
Buy Ready Made Company
Do you Want to Start a Business ASAP? Buy Ready Made Company. Estonian company is already registered in Commercial Register. All Papeworks Are Done, including Tax Registrations โ Corporation Tax, VAT. Buy 100% of shares in existing Estonian Company , Take over the company and Change the Company Name. How much the fish? ๐
๐ช๐บ OPEN Company in Estonia just for... 234โฌ
Start e-Residency Company!
234 โฌ
+ State fee for company registration 265โฌ
- Free company name check
- Legal address in heart of Tallinn
- Contact person service
- State fee not included (โฌ265 from 1st January 21)
- Free certificate of tax residency
- Corporate documents โ scanned copies
+++ recommened for start-ups
๐ The free Application for a SME FUND 2023 grant for trademark registration in EU (get up to 1000EUR of refundation, read more here)
Company Formation by Notary
1200 โฌ
+ state fee + certified translation PoA + notarial fees
- Free company name check
- Legal address in heart of Tallinn
- Contact person
- State fee not included (โฌ265)
- Attorney fees included
- Free certificate of tax residency
- Corporate documents โ scanned copies
OR
โถ๏ธ Buy Ready Made Company with VAT number ๐ช๐ช๐ช๐บ EORI and bank account here.
Not only company registration....
REGISTER COMPANY
Company formation through e-Residency card, Power or Attorney, or an in-person appointment at the local notary in Tallinn.
ACCOUNTING SERVICES
Accounting services on a monthly basis or only Annual Report in Estonia at the end of the tax year? ๐ Did you exceed the VAT threshold? Register your company in Estonia for VAT purposes or a foreign company for VAT. ๐๐
LICENSES
Assistance in obtaining licenses for your company. Cryptocurrency license or travel license in Estonia?
Start company in Estonia with 3 steps!
๐ APPLY FOR E-RESIDENCY CARD
Learn more about E-Residency cards by clicking the following link Easily obtained from the comfort of your home, once you receive your e-ID from your local embassy, youโll be free to register your digital company. Simply reach out to us here at Eesti Consulting, for further assistance.
๐ CUSTOMISE YOUR COMPANY
Before registering your company, youโll need to decide upon your legal address, your personal contact information, your company name and your capital. *Before choosing a company name, with strongly recommend checking the trademark database to prevent any copyright infringement.
๐ REGISTER THE COMPANY
Whether registering through an e-Residency card, Power of Attorney, or simply an in-person visit to the local notary in Tallinn, you can rely on us here at Eesti Consulting to offer you assistance every step of the way, free from the fear of hidden costs.
With our help, youโll have your new bank account and business licence up and running in no time at all.
Advantages of Company Registration in Estonia
Having a company in Estonia is great! We made a list of good things for small businesses. People in Estonia speak English well, and the only small issue might be the language being a bit tricky! ๐
Advantage | Description |
---|---|
Fast Company Registration | ๐ Quick setup with e-Residency card in a few hours. |
Deferred Tax on Dividend Distribution | ๐ Corporation Tax is delayed when sharing profits with shareholders. |
0% Tax without Dividend Distribution | ๐ฐ Pay zero tax if you choose not to distribute profits to shareholders. |
Easy Company Exit via Share Sale | ๐ Simple exit process by selling company shares through e-Notary Public system. |
e-Notary System for Document Signing | ๐ Use Estoniaโs e-Notary System for easy and secure document signing. |
Digital Signature with PIN-2 | ๐๏ธ Add a digital signature with PIN-2 to your company documents. |
Electronic e-ID for Contract Agreements | ๐ Use an electronic e-ID from Estonia for smooth contract agreements with clients. |
Access to e-Residency Marketplace | ๐ Explore various business licenses available in the e-Residency Marketplace. |
Access to Funding and Grants | ๐ก Tap into funding, grants, and other opportunities offered in Estonia. |
Check Cost of Estonian Company in 2024 year. Know more why company registration by e-Residency Card is more convinient way.
Media about Eesti Consulting
Company Registration STEP by STEP
Company registration in Estonia
- ๐ช๐ช Choosing a Business Name in Estonia
Crucial Steps Before Company Formation in Estonia ๐
Selecting your business name is a crucial first step! A unique and memorable name can boost your companyโs reputation and success. Remember! The company name must end with โOUโ or โosaรผhingโ for companies.
Donโt register a company in Estonia without following good practice rules. ๐ซ
- ๐ Include Legal Form (like โOรโ or โosaรผhingโ) for companies.
- ๐ค Sole Proprietorships: Use the proprietorโs first and last name.
- ๐ซ Avoid Non-Partners: Donโt use names of non-partners or conflicting names.
- ๐ Be Distinct: Ensure your name is distinct from existing names in the business register.
- โข๏ธ Trademark Consent: Get consent for using trademarked signs or choose another name โ Commercial Register may ask you for a change of company name if the name is connected with a trademark. Do you want to register a trademark with the company? See Trademark Registration Service in Estonia.
- ๐ Alignment Matters: Align your name with your business activity and location.
*** Check pronunciation ๐ง
Ensure your name stands out. Even small differences in spelling or pronunciation count. It should also reflect your main activity and location.
*** Check the name before starting a company in Estonia. ๐
Verify your preferred name in the e-Business Register. Compare it with existing names. The register makes the final call.
*** Check the Trademark Registration before registration โข๏ธ
Query the trademark database on the Patent Officeโs website to avoid trademark conflicts. Follow these steps to choose the perfect business name in Estonia. Good luck! ๐๐
- ๐โโ๏ธ Appoint a Contact Person:
Why You Need a Contact Person ๐ช๐ช
If your companyโs management board is abroad, you must have a contact person in Estonia, as per the Commercial Code. The service is available through virtual office providers in our Marketplace.
Who Can Be a Contact Person? ๐Who Can Be Your Contact Person? ๐ค
Designated contact persons can include notaries, advocates, sworn auditors, audit firms, or licensed trust and company service provider like Eesti Consulting โ jump here to our contact person service in Estonia.
If someone within your company resides in Estonia, they can also serve as the contact person.Requirements for Non-Resident Companies ๐
When registering as a non-resident company, you must specify the location of your management board (if itโs outside Estonia) in the Commercial Register.
Separation of Legal Address ๐ข
Starting from February 2023, you have the flexibility to separate your legal address from your contact personโs address. While not mandatory, most e-residents prefer a single service provider for both.
Responsibilities of Your Contact Person ๐ฌFor foreigners and e-residents, company formation in Estonia is made easier with these guidelines, catering to e-Residency company needs.
Designated contact persons can include notaries, advocates, sworn auditors, audit firms, or licensed trust and company service providers. If someone within your company resides in Estonia, they can also serve as the contact person.
Requirements for Non-Resident Companies ๐
When registering as a non-resident company, you must specify the location of your management board (if itโs outside Estonia) in the Commercial Register.
Separation of Legal Address ๐ข
Starting from February 2023, you have the flexibility to separate your legal address from your contact personโs address. While not mandatory, most e-residents prefer a single service provider for both.
Responsibilities of Your Contact Person ๐ฌ
Your contact person handles essential documents and letters. Even in Estoniaโs digital era, some legal documents are still received in paper form. When your contact person receives such documents, they are considered delivered to your business. No need for them to be a shareholder, board member, or employee, and they donโt require special rights to act on your companyโs behalf.
For foreigners and e-residents, company formation in Estonia is made easier with these guidelines, catering to e-Residency company needs.
- ๐ป Register a company in Estonia through e-Residency
1. Apply for e-Residency Card ๐จ
Begin by applying for an e-Residency card through the Estonian Police and Border Guard Board (PBGB) website.
2. Collect Your e-Residency Card ๐ข
Once approved, collect your e-Residency card from the Estonian embassy or pick-up location.
3. Verify Identity ๐
Use your e-Residency card to access secure Estonian government services online.
4. Choose Your Company Name ๐
Select a unique and suitable name for your company.
5. Prepare Necessary Documents ๐
Gather the required documents, including your business plan, legal address, and contact person.
6. Register Your Company Online ๐ผ
Visit the Estonian Business Registerโs website and complete the online registration process.
7. Pay State Fee ๐ณ
Pay the state fee for registering your company.
8. Obtain VAT Number (if needed) ๐ฐ
If applicable, register for VAT and obtain a VAT number.
9. Set Up Legal Address and Contact Person ๐ ๐ค
Ensure you have a legal address and contact person, either by yourself or through a service provider. Learn More
10. Open Bank Account ๐ฆ
Choose a suitable Estonian bank and open a business bank account.
11. Explore Financial Services
Consider services like Payoneer and Wise for international financial solutions.
12. VAT Registrations
Learn more about VAT registrations in Estonia here.
Congratulations! ๐ Your Estonian company is now registered and ready for business.
- ๐ป Register a company in Estonia by Notary Public
Register a Company in Estonia by NOTARY!
๐ค You can meet up with a notary in Estonia or, if you prefer, let Eesti Consulting be your guide. By picking the latter option, you wonโt have to worry about making the trip to Estonia. Weโve got your back! Weโll make the process smooth and even arrange for a courier to take care of the nitty-gritty details. That means handling all the important documents, like the notarized and apostilled Power of Attorney, and making sure that KYC/AML form is filled out and good to go. Itโs all about making things easy for you. So, if youโre all about that convenience and efficiency, especially when it comes to company registration through a notary, weโre here to make it happen.
๐ The notary prepares the necessary documents, considering your input, including an application for establishing a company, the memorandum of association, and articles of association.
๐ฐ The founders contribute the share capital โ minimum capital is 0,01 EUROCENT. If this contribution is in monetary form, the founders must open a bank account in Estonia or another European Union-established bank in the name of the company being founded. They will then deposit their monetary contributions into this bank account and provide a bank certificate confirming the deposit of the share capital to the notary.
๐ผ The founders pay the notary fee and the state fee.
๐ค The notary submits the application and all related documents to the Commercial Register for further processing and registration.
Hire Eesti Consulting for the purpose of this process and leave in your home country. Acting as your attorney, we visit the notary public and sign all documents on behalf of you with Power of Attorney โ notarized and apostilled.
Register a company by Notary with Eesti Consulting.
- ๐ฐ Pay Share Capital
๐ผ Easy and Quick Registration: Setting up a private limited company in Estonia is a straightforward and speedy process.
๐ฐ No Required Share Capital: As of February 1, 2023, there is no statutory requirement for a minimum share capital when establishing a private limited company.
๐ค Freedom to Decide: Founders have the freedom to decide how much capital they want to invest in their private limited company, providing flexibility based on the companyโs planned activities and capital needs.
๐ Risk Consideration: While thereโs flexibility in determining share capital, founders should carefully assess their contributions and startup costs to avoid causing damage to the company.
๐ฆ Liability Protection: Shareholders of a private limited company are shielded from personal liability for the companyโs obligations.
๐ Legal Safeguards: In cases where the share capital is set below 2,500 euros and bankruptcy proceedings are terminated without declaring bankruptcy, the court may order the shareholder to pay an amount between the share capital and 2,500 euros if the trusteeโs claims for fees and expenses remain unsatisfied from other debtor assets.
- ๐ Submit Required Documents
Gather and submit vital documents such as shareholder and director identification, articles of association, and the completed registration application.
- ๐ณ Pay State Fee
Cover the state fees associated with the registration process. These fees contribute to document processing and entry into the Business Register. Registering a private limited company (Oร) online incurs a state fee of โฌ265
- โณ Wait for Approval
Await the approval of your registration application. The processing duration varies and is influenced by the workload of authorities.
- ๐ VAT Registration in Estonia - Yes or No?
๐ VAT Registration in Estonia ๐ช๐ช
So, youโve set up your consulting company in Estonia, and itโs thriving. But as your business grows, thereโs an important consideration: Value Added Tax (VAT). Hereโs a friendly guide to understanding VAT registration with emojis to make it simple! ๐ค
1. VAT Basics ๐งพ
When you establish a company in Estonia, you arenโt automatically liable for VAT or entitled to deduct input VAT. VAT registration becomes mandatory when your total taxable sales exceed โฌ40,000 from the beginning of the calendar year.
2. Optional Registration ๐
Before reaching the threshold, you have the option to register for VAT. It depends on the VAT amount on goods and services you buy and the VAT status of your clients.
3. Plan Ahead ๐๏ธ
Once you foresee reaching the threshold, initiate the registration process. You must register within three business days of crossing the threshold.
4. Voluntary Registration ๐
You can register voluntarily before reaching the threshold by providing evidence of your business intentions.
5. Estonian VAT Number ๐
The Estonian VAT number starts with a prefix EE, followed by nine digits (e.g., EE123456789).
6. VAT Rates ๐ผ
Services to Estonian companies and individuals typically have a standard 20% VAT rate. A reduced 9% VAT rate applies to certain services. If you serve customers in other EU Member States or third countries, a 0% VAT rate often applies.
7. B2B Transactions ๐ค
For B2B transactions in other EU Member States or third countries, include the customerโs VAT registration number and โreverse charge mechanismโ on invoices.
8. B2C Transactions ๐งโ๐คโ๐ง
B2C transactions outside Estonia may be subject to Estonian VAT, or you may need to register in the customerโs country and follow local VAT rules.
9. Verify VAT EE Number โ
You can verify the VAT EE number on the VIES website or the Estonian Tax and Customs Boardโs KMKR website.
For comprehensive VAT registration services in Estonia, visit this link. Make informed choices to ensure your consulting business thrives in Estonia! ๐ฑ๐ผ
- ๐ฆ Bank Account Opening:
๐ผ Opening a Bank Account in Estonia After Company Registration ๐ฆ
Congratulations on registering your company in Estonia! Now, letโs talk about the next crucial step: opening a bank account. ๐
At Eesti Consulting, weโve made it incredibly easy for you to open a bank account in Estonia. Once your company is registered, the process is straightforward. We specialize in facilitating smooth bank account openings for companies just like yours. ๐ค
Whether youโre a startup, an established business, or an e-resident, weโve got the expertise to assist you. Our services cater to a wide range of financial institutions, including:
1. WISE ๐
Open bank account in Estonia with WISE
2. Payoneer ๐ณ
Open bank account in Estonia with Payoneer
3. SWEDBANK ๐ฆ
At least 2 personal visits are required in Estonia โ no guarantee for the bank account opening
4. LHV ๐๏ธ
Apply for a bank account with LHV in Estonia fully remotely , but if positive decision = Appointment required.
Our goal is to provide you with the flexibility and financial support your Estonian company needs to thrive. Whether youโre looking for corporate accounts, multi-currency options, or even ready-made companies with pre-established bank accounts, weโve got solutions tailored to your requirements. ๐๐ผ
Donโt let the bank account opening process stress you out. Weโre here to simplify the journey for you. Learn more about our bank account opening services in Estonia here. Your success in Estonia is our priority! ๐ช๐ช
2024 TOP Questions from Clients about Company in Estonia
The Ultimate List of Questions Taken by Our Clientsโฆ.
Client Questions | Answers |
---|---|
1. Can I open a Limited Liability Company in Estonia alone? | Yes, you can. You will be a solo board member and the sole shareholder in this company. ๐ด๏ธ๐ข |
2. How much time does company registration in Estonia take? | Registration of a company in Estonia takes 2 hours for e-Residents and 4-5 days if we register the company through a notary public. โณ๐ช๐ช |
3. What do you need to register my company? | You need to pass the KYC and AML procedures. We check your documents, including ID and proof of address. If we correctly confirm your identity, we start with company registration for you. ๐๐ |
4. What is the minimum capital for a newly registered company? | 0.01 eurocent, but from practice, we recommend a capital of 1 EUR. ๐ถ๐ก |
5. Can I register the company for VAT? | Yes, you can register the company for VAT starting from the incorporation date or later if you exceed the VAT threshold. Read our article about VAT Registration in Estonia. ๐ ๐ |
6. Why is Estonia chosen by plenty of startups? | Because Estonia has a tax-friendly policy for growing companies thanks to the Deferring Corporation Tax initiative. ๐๐ |
7. How does Tax Deferral work in Estonia? | You donโt pay tax when dividends are distributed to company shareholders. ๐ฐ๐ซ |
8. Can I register a trademark in Estonia? | Yes, you can register a trademark in Estonia and for the EU too. Starting from 2024, we help our clients get a voucher for trademark registration, reducing 75% of fees paid to the Patent Office. ๐๐๏ธ |
9. How can I exit from the business in Estonia? | You can sell the company shares to a third party using a notary public, close the company in Estonia, or keep it open and file a dormant annual report. ๐ช๐ผ |
10. How to reduce costs of company formation in Estonia? | Using an e-Residency card can cut costs by avoiding high notarial fees and speeding up the registration process. Plus, you can complete everything digitally in real time. ๐ณ๐ผ |
11. What are the benefits of hiring an AML expert for a crypto business? | An AML expert ensures compliance with complex regulations, adapts to technological changes, and manages risks specific to cryptocurrency transactions. Itโs crucial for maintaining secure and compliant operations. ๐ผ๐ |
12. What does a comprehensive AML service include? | A complete AML service typically covers customer identification, risk assessments, PEP and sanctions screening, source of funds and wealth verification, and periodic reviews, all tailored to your specific needs. ๐๐ |
13. What additional costs are involved if you form a company through a notary? | Additional costs may include notarial fees, certified translations of documents, and drafting a Power of Attorney. ๐๐ผ |
14. Do I need to pay for accounting services? | Yes, you can sign an agreement for accounting services, with packages starting from 50 EUR per month. If you choose not to use these services, remember that you must file annual reports, monitor VAT thresholds, and keep all invoices and bank statements in an accounting system. ๐๐ผ |
15. Can I have a virtual office in Estonia? | Yes, you can set up a virtual office in Estonia, which provides a registered address for your business and other administrative services. ๐๐ข |
16. What are the requirements for opening a bank account in Estonia? | You need to provide proof of ID, proof of address, and sometimes additional documents about your business. Banks may also require a personal visit. ๐ฆ๐ |
17. Is there a language requirement for company documents in Estonia? | Company documents are usually required to be in Estonian. If they are in another language, they may need to be translated and certified. ๐๐ |
18. Can I operate my Estonian company from abroad? | Yes, you can manage your Estonian company from anywhere in the world as long as you have internet access and comply with Estonian laws and regulations. ๐๐ฅ๏ธ Please note that working from a various places can have influence for tax residency in Estonia. |
19. Are there any annual compliance requirements for Estonian companies? | Yes, Estonian companies must file annual reports, update the business register with any changes, and meet tax obligations. ๐ ๐ |
22. Can Eesti Consulting help with international AML compliance? | Yes, Eesti Consulting provides comprehensive AML services that cater to both Estonian and international requirements. ๐๐ผ |
Bank Account for Estonian companies
It is difficult to open a bank account for your OU company in Estonia if you really havenโt connections with business partners or clients in this northern country, BUTโฆ. it is not impossible. We support new companies in opening bank accounts. We have a positive track record with Revolut, Wise, Payoneer, Paysera, and other payment service providers.
Company in Estonia live? Open a bank account with us.
Worth it for seamless global finances: Borderless Banking, low fees, real exchange rates, multi-currency support in 80+ countries, and convenient local bank details. ๐๐ธ๐ณ๐๐ฆ
๐ Borderless Banking
๐ธ Low Fees, Real Rates
๐ณ Multi-Currency (USD, GBP, EUR)
๐ 80+ Countries
๐ฆ Local Bank Details
Unlock your Business Potential with Payoneer account
๐ฆ 10+ Currency Accounts in 1 Day
๐ผ Global Swift WIRE (USD/Euro/GBP)
๐ฐ Payments from 200+ Countries
๐ Receive from 2000+ Marketplaces
๐ณ Pay Worldwide: 200+ Countries
๐ณ Multi-currency MasterCard
๐ฒ 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 โ 0 โฌ
- Free of charge up to 50 SEPA payments
- Debit card from 2โฌ
- Accepting card payments and payments in online stores
- Payments via bank link