All You Need to Know About Registering a Company in Estonia
The process of setting up a business in Estonia is easy, rapid and convenient. Once you've got Estonian e-Residency, you can set up the company online in just 24 hours. Simply register your company at the Company Registration Portal via the digi-ID. Note that a local Estonian address is needed to start a business in Estonia. If you don’t have one, then you can reach out to local advisors to help you with acquiring a physical workspace in this Baltic nation. Establishing a company as a foreign investor is hassle-free, everything is online and absolutely transparent.
Register a Company in Estonia
To open a business in Estonia – the process of registering for the company being a non-resident here takes place with the help of the notary. You can either fly to Estonia to find an authorized individual in the notary or remotely, with the aid of issuing a corresponding package deal of notarized powers of attorney. Our experts will put together all the essential registration documents, help you successfully select and verify the company name, put together the organization’s documents and propose the formation of the authorized capital.
The notary will take your info and register a company with the use of those documents, generally, this process takes two to three days. You'll present the ID documents, along with the signatures, and further statistics which include the registered cope with of the enterprise.
If you'd alternatively function as a sole proprietor (FIE), this will additionally be performed electronically see you later as you have a digital ID card. The state fees, in this case, are lower at EUR 13. You can also open your FIE enterprise via a notary in the same manner as described above - although you will additionally be responsible for notary prices if you pick to take this route.
If your company turnover is high, you can sign up for VAT. This is indispensable if your annual taxable turnover is greater than EUR 16,000, and further if the profits decrease turnover is lower than this. This is a demand regardless of the type of corporation shape you pick out.
You'll pay off taxes on profits in Estonia, done electronically through the ID card. If you've got a confined liability commercial enterprise you will pay taxes through your commercial enterprise, on the point of filing your annual accounts. This is treated one after the other to any private tax liability. In the case of a sole proprietorship, your business profits are taxed at the side of your private affairs as one entity.
Where Can I Find Help to Establish My Business in Estonia?
Estonia’s authorities have been welcoming overseas investors and entrepreneurs for the last two decades, and have a chain of initiatives to help you settle into the country. The Estonian Investment Agency gives a wealth of records and beneficial contacts for those who want to launch their business venture in Estonia. The e-Estonia initiative motivates people across the globe to obtain e-residency which lets them set up a company in Estonia. The government-backed Startup Estonia objectives to bring greater startup entrepreneurs into the country.
We’re here to help you with all the advice and professional recommendations needed when it comes to registering a company in Estonia.