Setting up a company in Estonia

We help to set up a business in Estonia. We will conduct the necessary paperwork, registrations and contracts for you, and consider insurance and any financing needs. We also map out the necessary financial administration and other services.

Setting up and registering a company in Estonia is quick and easy, especially if you have e- citizenship or an Estonian ID card. The main tax benefit is that Estonian corporate taxation does not tax retained earnings. Companies are exempt from corporate income tax if they invest the profits in developing their own operations. The most popular form of company in Estonia is Osaühing, i.e. OÜ.

The company is set up in a notary’s office. It is good desirable for the founders and board members to be present in person, but proxy representation is also possible. It is also possible to open a bank account with certain banks by proxy. According to Estonian law, the company may also use another bank account in the EU. The company to be set up must have a postal address in Estonia. It takes around 3-5 business days to register a company, depending on the method of registration.

Requirements for setting an Estonian limited liability company (OÜ)

• The company must have at least 1 owner

• The company must have at least 1 director

• (The company must have an Estonian contact person if the owners and the board are foreign. The contact person can be, for example, a notary or a lawyer or licensed companies.)

• The director and the owner can be the same person and there are no restrictions on the person’s country of residence

• The company must have a registration address in Estonia

• Minimum share capital of the company of € 2,500 This capital must be paid as a monetary or non- monetary contribution before the company is registered in the Trade Register, after the opening of the company’s bank account. A company can also be set up without initial capital. The minimum capital must then be paid later, and this must be decided in the Articles of Association

Process of setting up a company in Estonia

• Choosing a company name (Estonian Trade Register) or information on pre-established companies

• Preparation of the company’s founding documents and appointment of an appointment with a notary in Tallinn

• Set up of a company in the so-called remote and related services for EU citizens. Preparation and sending of proxies to the founders of the company, if necessary

• Preparation of agreements between the Articles of Association and other necessary owners

• Set up of a company by a notary

• Opening a bank account for the company (also possible remotely). The bank account is activated when the company is registered in the Estonian commercial register

• Submission of the company’s founding documents and certificate of paid-up share capital to the Estonian Patent and Registration Office

• Delivery of the company’s founding documents

Through us you can set up a company either remotely or with a notary. We also offer a postal address, accounting and tax consulting services.

Audit

• The annual turnover is at least €4,000,000

• The amount of the balance sheet is at least €2,000,000

• The average number of employees is at least 60

Or when at least one of the following three conditions is met

• The annual turnover is at least €12,000,000

• The amount of the balance sheet exceeds €6,000,000

• The average number of employees is at least 180

E-Citizenship

Estonia offers e-citizenship to citizens of other countries. E-citizenship allows foreigners to use Estonian e-services, the holder of a digital ID card can digitally sign documents. The company’s various accounting and tax documents that require a signature can be signed online, and Estonian internet banks can also be used with a card. We assist our clients in applying for an electronic identity and preparing documents. A person who is neither an Estonian citizen nor a person residing in Estonia who has obtained a residence permit may be issued an electronic identity card upon application. E-citizenship can be granted to both individuals and legal entities.

Business services

• Registration of a company in Estonia from €770
• Registration address + postal service: €350/12 months
• Postal address service €150/12 months
• Secretarial services, telephone number and answering services €70/hour
• Company registration in VAT register €380
• Accounting package from €75/month
• Financial administration work €70/hour
• Assistance in opening a bank account from €100

Other business services

• Trade register changes

• Assistance

• Preparation and submission of the required documents and, if necessary, notarization

• Consulting and advice on setting up a Estonian company

• Agreements

• Marketing and business plans

Through us, you get all the help you need in Estonia both in setting up a company and in financial administration services. We recommend a consultation before registering the company. Contact us and ask more about our services.