Estonia
Capital: Tallinn.
Official languages: Estonian.
Currency: euro.
Company registration provides the following benefits:
- There is no fixed minimum amount of authorized capital.
- Double tax treaties with 57 countries.
- For resident companies, the tax rate on undistributed and reinvested profits is 0%.
Estonia is a country located in northeastern Europe, on the eastern coast of the Baltic Sea.
Opening a company in Estonia is attractive due to minimal business regulation, the simplicity of the tax system, and the high level of digitalization of government services. Estonia is a convenient transit zone due to its geographical location. Estonia has all the conditions for doing business. The owner of a company in Estonia can obtain a residence permit or a work visa “D”.
Features of taxation and reporting
Companies are required to maintain financial statements that are certified by an auditor.
- On undistributed and reinvested profits – 0%, subject to non-distribution of profits. VAT – 20%; within the EU – 0%.
- On the income of a non-resident legal entity and a resident individual, the income tax is 21%.
Company registration
Time frame for company registration: about two weeks.
The most common forms for registering a company in Estonia are AS (Joint Stock Company)
OÜ (Limited Liability Partnership) is the Estonian equivalent of LLC.
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- Notarized copies of ID for all participants.
- A document confirming the residence address of all participants (utility bills, bank statements indicating the address) with notarization.
- Bank statement no older than 3 months from the date of application.
A quick guide to registering a company in Estonia:
To quickly register a company, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
Estonia offers favorable conditions for starting a business as well as a good tax regime. However, when choosing a jurisdiction for a company, it is necessary to take into account not only current legislation, but also its possible changes in the future. We recommend consulting with IT-OFFSHORE lawyers to avoid possible legal consequences and ensure compliance with laws.
Our company offers comprehensive support for the company at all stages - from registration to full support of its activities. We not only help you legally register a company, but also take on many subsequent tasks.
In particular, our scope of services includes maintaining accounting and tax records, providing nominee directors and shareholders, renting a legal address, obtaining all necessary licenses and permits for the company. We actually ensure the full operation of the business in accordance with the laws of a particular jurisdiction.
