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Company Formation in Estonia

Top 5 Advantages of Estonia

  1. Undistributed profits are tax-exempt (0%)
  2. Only 1 director/shareholder required
  3. Reputable jurisdiction
  4. Little bureaucracy and low maintenance costs
  5. Fast company set-up
Packages to choose from
Services
SmallMediumLarge
We do the whole registration process, including the preparation of all needed documents, communication with state authorities and notaries
Incorporation
We provide a local contact person who speaks the language and communicates with authorities
Company contact person
You receive from us a legal address for your company, thus, no need to rent/buy a physical office
Legal address for 1 year
You do not need to visit this jurisdiction personally to incorporate - this will save time and money
Remote incorporation
We accompany you during the whole legal process for a successful incorporation
Notary services
We provide a local contact person who speaks the language and communicates with authorities
Company secretary
We will be able to identify nominee shareholders for you, in case you want to become completely anonymous
Nominee shareholder
If you want to be an unknown UBO, a nominee director service is useful. This director will only have limited access and powers, so the UBO will have full control on all levels.
Nominee director
We provide you with the complete accounting needed for this jurisdiction, including monthly and yearly statements
Accounting for 1 year
You grant us a power of attorney to carry out activities for you in the jurisdiction with different powers and terms of validity
Long-term POA
Authenticates the seals and signatures of your official company documents stating the rights and obligations of the entity's members or stakeholders of the company of any form of ownership in accordance with the laws of the jurisdiction
Apostille of documents
A specific amount of hours of legal support by local legal professionals you may use on demand
Additional legal support
We help you to open a corporate account that suits your business model
Corporate account
SHELF COMPANIES
Request
How to start
Choose a jurisdiction1.
Pick a bank2.
Pay for the service using a suitable method3.
Receive credentials of your new legal entity4.
Get credentials of your opened bank account5.
Receive a package with documents delivered to you6.

Roadmap

How long does it take to register a company in Estonia?

  • 5-10 working days
  • Around 2 weeks if everything is done remotely

What are the steps to register a company in Estonia?

The registration process of a company in Estonia is very simple. The experts of LegalBison will assist you throughout every step of it:

  1. Initial consultation and agreement
  2. Payment of the full invoice
  3. [IF REMOTELY]: Notarization of POA by client
  4. Preparation of registration documents
  5. Document signed at the notary
  6. Official register validity: Company appears in government register within 5 business days

VAT number

Without VAT number

  • Company will not be eligible to receive VAT refunds, which means everything bought is 20% more expensive (important: B2B payments between two VAT exempt companies are not 20% more expensive)
  • Company will have no need to file monthly tax returns (prerequisite: no one receives a salary), which means low costs

With VAT number

  • Company will be eligible to receive VAT refunds, which means you can make use of the reverse-charge mechanism
  • Monthly tax returns have to be filed, even if no transactions occur
  • Payroll taxes must be paid at latest on the 10th of the next month
  • VAT must be paid at latest on the 20th day of the following month it was applicable to

Before we help you to apply for a VAT number (in Estonia 20%) you should carefully think about the advantages and obligations that go along with it. To register as a VAT payer might be either voluntary or obligatory, depending on the turnover (if exceeds 40 000 EUR obligatory).

Decide first

  • Do you want to buy a ready-made company or start a new one?
  • Can you travel or do you want to do everything remotely?
  • Do you want to deposit the share capital of 2.500 EUR? (no obligation to do so)

Documents to provide

  • Passport copies (a scan) of shareholder/s and director/s, also beneficiary owner if applicable
  • A Power of Attorney (POA) from (all) partners/shareholders is needed (in case of a remote company registration)
  • Certified company documents (in case at least one of the shareholders is going to be a foreign company)

Information needed to get started

  • 3 options of your desired name for the company and a company contact email address
  • Names, addresses and emails of all shareholders and board members
  • Short description of your company's activity

Remote incorporation

The whole incorporation process can be conducted remotely in Estonia. Below we describe what is needed so you do not need to travel to Estonia. Also, ask your consultant what benefits you would have in case you obtain the Estonian e-Residency, it may go hand in hand.

  • A Power of Attorney (POA) from (all) partners/shareholders is needed
  • The POA is sent to you by us based on the services you want
  • You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization)
  • Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address

Accounting and auditing

Generally speaking accounting in Estonia is fairly simple. For all of our clients the annual/monthly reports are being prepared by our accountants based on the documents uploaded and signed off digitally.

  • A company without a VAT number is required to prepare an annual report consisting of annual accounts and a management report (with VAT monthly reports become compulsory)
  • Annual reports must be filed even if no transactions occurred. Those must be filed within 6 months after the financial year is closed
  • Common practice: Salaries are paid at the beginning of each month for the previous month. Payroll taxes are due latest on the 10th day of the month after the month the salary was paid out.
  • When paying anything with corporate bank cards the business relevancy must be obvious and an invoice should be provided. In the opposite case all expenses without according documents shall become subject to corporate income tax

Residential requirements

What are the residential requirements in Estonia?

  • There are no residential requirements for a limited company
  • 100% foreign ownership as well as directorships are allowed
  • Everything can be done remotely

LegalBison offers help with all of the above requirements. We assist and are local on ground. Speak now for free with one of our consultants to get your business started.

FAQs about doing business in Estonia