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Company formation in
Estonia
Estonia
Comprehensive assistance in company formation, including banking services
How to form a company in Estonia
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Estonia and opening a bank account in Estonia
2
Payment of services
Payment of our services for company formation in Estonia and/or bank account assistance in Estonia
3
Company formation
We register a new company in Estonia for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to forming a company in Estonia
Corporate income tax rate is 0%, if profits are not distributed.
1. Founders of a company in Estonia can either be resident or non-resident in Estonia. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a director in Estonia. It is not required to register a company in Estonia with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Estonia and simultaneously be a shareholder and a director in this company if such company is registered as a OÜ (a limited liability company).
4. There is no requirement for creating substance in Estonia - no need to hire local employees or rent an office in order to establish a company in Estonia or to conduct business in Estonia.
5. Minimum capital requirement in Estonia for a OÜ (a limited liability company) is EUR 2,500.
6. Information about company founders, shareholders and directors after a company is registered in Estonia is publicly available in the state corporate register.
7. A company in Estonia can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Tallinn for 1 day in order to open a corporate bank account.
8. According to the requirements of Estonian corporate law, if a company is registered in Estonia that has either non-resident founders and/or directors, it is required that such company has a contact person in Estonia such as:
- a notary public,
- a sworn auditor,
- a company that holds a special licence.
We provide the contact person service.
9. There is special legislation in Estonia that regulates activities with crypto currencies, we provide assistance with acquiring crypto licences in Estonia for organization of business in this field.
10. Company formation in Estonia is one of the ways of receiving a temporary residence permit in Estonia under certain conditions.
2. A resident or a non-resident individual can be a director in Estonia. It is not required to register a company in Estonia with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Estonia and simultaneously be a shareholder and a director in this company if such company is registered as a OÜ (a limited liability company).
4. There is no requirement for creating substance in Estonia - no need to hire local employees or rent an office in order to establish a company in Estonia or to conduct business in Estonia.
5. Minimum capital requirement in Estonia for a OÜ (a limited liability company) is EUR 2,500.
6. Information about company founders, shareholders and directors after a company is registered in Estonia is publicly available in the state corporate register.
7. A company in Estonia can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Tallinn for 1 day in order to open a corporate bank account.
8. According to the requirements of Estonian corporate law, if a company is registered in Estonia that has either non-resident founders and/or directors, it is required that such company has a contact person in Estonia such as:
- a notary public,
- a sworn auditor,
- a company that holds a special licence.
We provide the contact person service.
9. There is special legislation in Estonia that regulates activities with crypto currencies, we provide assistance with acquiring crypto licences in Estonia for organization of business in this field.
10. Company formation in Estonia is one of the ways of receiving a temporary residence permit in Estonia under certain conditions.
Cost of services
Formation of a OÜ
Timeframe - 10 business days
Timeframe - 10 business days
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Advantages of forming a company in Estonia
Attractive business-environment
- Access to major EU markets
- Highly-developed infrastructure
- Open economy, no trading restrictions
- Opportunity to receive a temporary residence permit in Estonia through company formation
- Establishment of crypto business is available
- Low inflation rate
Stability and
security
security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax
benefits
benefits
- Corporate income tax rate is 0%, if profits are not distributed as dividends
- Multiple double tax treaties
No foreign exchange controls
- Estonia joined the Euro area, which allows it to secure free capital transfer in any currency. Individuals and business-entities, either resident or non-resident in Estonia may open bank accounts in Estonian banks in any currency
Ease of establishing and doing business
- There is no requirement to pay minimum share capital during company formation in Estonia
- 100% foreign ownership of a company is available
- Remote company formation in Estonia is available
- Any foreign individuals may form a company in Estonia
More about Estonia
Estonia is located in Eastern Europe and has a territory of 45,000 square kilometers. Estonia borders Lithuania and has access to the Baltic Sea, which allows it to establish maritime trade with Scandinavian states, as well as with Poland, Germany and a few other Western European states. The capital city of Estonia is Tallinn, the largest city and the location of key government institutions.
Population of Estonia amounts to around 1,3 million people.
Population of Estonia amounts to around 1,3 million people.
Official currency of Estonia is euro (EUR).
Estonia's GDP in 2017-2018 grew by 4,8% and amounted to USD 25.5 billion.
Shale industry, telecommunications and IT, textile industry, chemical industry, food industry, timber industry and wood processing industry, shipbuilding, production of electronic equipment remain key sectors of Estonian economy. Estonia produces all the necessary energy for itself, including electricity.
Estonia's GDP in 2017-2018 grew by 4,8% and amounted to USD 25.5 billion.
Shale industry, telecommunications and IT, textile industry, chemical industry, food industry, timber industry and wood processing industry, shipbuilding, production of electronic equipment remain key sectors of Estonian economy. Estonia produces all the necessary energy for itself, including electricity.
Foreign investors establish business in this jurisdiction for trading in the EU and in a few other regions, logistics, as well as for crypto business that is possible due to special licences issued in Estonia
Restricted for foreign entrepreneurs are the following sectors:
Restricted for foreign entrepreneurs are the following sectors:
- defense industry
- telecommunications
- television, radio
- postal services
- air transport.
- Corporate income tax - 0% if profits are not distributed, otherwise the standard tax rate - 20%. Tax returns are filed on a monthly basis. Advance income tax payments are made on a monthly basis
- Dividend withholding tax - Standard tax rate 20%
- Interest withholding tax - Standard tax rate 0%
- Royalties withholding tax - Standard tax rate 10%
- Capital gains tax - Standard tax rate 20%
- VAT - Standard tax rate 20% or reduced rates from 0% up to 9% or tax exempt. Tax returns are filed on a monthly basis
- Personal income tax - from 20% up to 40%.
Apart from such traditional business entity types as a limited liability company (Osaühing - OÜ) and a public limited company (Aktsiaselts - AS), Estonian corporate law offers to establish a business as:
1. General partnership (Täisühing - TÜ)
2. Limited partnership (Usaldusühing - UÜ)
3. Commercial association (Tulundusühistu)
4. European company (Societas Europaea)
5. Sole propietor (FIE)
6. Branch office
To receive a detailed description of the company formation procedure in Estonia and information about documents necessary for company formation in Estonia please contact our experts.
1. General partnership (Täisühing - TÜ)
2. Limited partnership (Usaldusühing - UÜ)
3. Commercial association (Tulundusühistu)
4. European company (Societas Europaea)
5. Sole propietor (FIE)
6. Branch office
To receive a detailed description of the company formation procedure in Estonia and information about documents necessary for company formation in Estonia please contact our experts.
Send a request for company formation in Estonia
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128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
