COMPANY FORMATION IN ESTONIA

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Company Formation in Estonia

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    REQUIREMENT TO OPEN A COMPANY

    • Minimum 1 shareholder (Individual/ Corporate Entity).
    • Minimum 1 director.
    • A director or shareholder can be the same or different person of any nationality.
    • 100% local or foreign shareholding allowed.
    • Minimum share capital requirement is EUR 2500.
    • A local contact person in Estonia is mandatory as per the recent amendments.
    • A local registered office address is mandatory.
    • The Director/ Representative of the company need to visit Estonia for the bank account opening process.

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    OUR SERVICES

    Company Formation Services
    Incorporation Services:
    • Company Formation.
    • Provision for the Contact Person in Estonia for the 1st Year.
    • Provision for the Local Registered Office Address in Estonia for the 1st Year.
    • Assistance in the Corporate Bank Account Opening Process.
    • VAT registration if required (The threshold for VAT registration is EUR 40000 per calendar year).
    Other Maintenance & Compliance Services:
    • Renewal for the Contact Person in Estonia Annually.
    • Renewal for the Local Registered Office Address in Estonia Annually.
    • Accounting (depending on the volume).
    • Drafting of the financial statements Statutory Audit (depends on volume and complexity.
    • Corporate tax filing (depends on complexity).

    TIME PERIOD

    There are mainly 3 options for company formation process in Estonia:-
    1. Establishing the company with the e-residency card.
    2. Transfer of the company at the notary.
    3. Incorporating the company at the notary.
    However, having received all the documents as requested in order, usually the company in Estonia gets incorporated in 5 to 7 working days.

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    ADVANTAGES OF COMPANY FORMATION IN ESTONIA

    Estonia is a small country located at the heart of the Baltic Sea Region - Europe’s fast growing market of nearly 100 million people. Attractive location between East and West, an excellent business environment, stable government and liberal economic policy, moderate costs and the ease of doing business have already attracted numerous international companies to Estonia.

    • Estonia has a free, market-based economy which includes a balanced budget, a flat-rate income tax system and a fully convertible currency pegged to the Euro

    • Estonia owns a competitive commercial banking sector, and a hospitable environment for foreign investment, including no tax on reinvested corporate profits

    • The climate to operate a business in Estonia is very easy as there is very little bureaucracy

    • There is always an excellent supply of well educated, honest and hardworking workforce

    • Their tax rate is low and the procedure for tax registration and payment is rather simple