COMPANY FORMATION IN ESTONIA
Vaspex Legal guides you through all the necessary steps to form a company in Estonia with ease
- Drafting all the necessary documentation
- Opening corporate bank accounts
- Facilitating economic activity license applications
- General assistance with taxes, accounting and administrative tasks
Estonia is a tech-oriented country
For years, Estonia has heavily focused on crafting a user-friendly and advanced business environment to lure foreign investments and international entrepreneurs.
This effort has transformed Estonia into a center for numerous European IT firms, pioneering startups, blockchain and cryptocurrency entities, WEB 3.0 initiatives, DAOs, NFT marketplaces, as well as fintech, crowdfunding, and DeFi platforms.
Known for its dynamic, open economy, Estonia stands out in Europe. The straightforward and transparent company registration process in Estonia makes sure that your business can be set up in just a few days.
Facts about Estonia:
- Population: 1.3 million people
- Currency: Euro (€)
- Ease of Doing Business: 18th place
- Tax Competitiveness Index: 1st place
- Corporate tax in Estonia: 0%
- Most popular type of legal entity: OÜ or Osaühing
Guidance on starting a business in estonia
How we can support you in starting a business in Estonia?
With extensive knowledge of the Estonian regulatory environment, we guide you through the most important requirements, documentation, and legal processes needed in order to register a company in Estonia.
In detail:
- Setting up a new limited liability company
- Registering the company in the Estonian Centre of Registers and Information Systems
- Finding local workforce and setting up an office
- Opening a local or EU corporate bank account
- Applying for economic activity licenses (VASP and fintech companies)
- Tax Registration
- Accounting
What are the costs of starting a business in Estonia
Business registration costs in Estonia
Approximate costs of company formation in Estonia:
- A standard registration fee charged by Estonia’s Trade Register is 265 EUR.
- For establishing a limited liability company in Estonia, a minimum share capital of 2,500 EUR is mandatory.
- A virtual office service, beneficial for those wanting remote company registration, is priced at around 100€ EUR per month.
- Basic accounting services start from 100 EUR per month.
In order to get a full overview of the cost of setting up an Estonian company, please contact us for more details.
How can you establish a business in Estonia?
Ways to register a company
Starting and registering a company in Estonia is a straightforward and transparent process. It is designed to be user-friendly, allowing you to form a company within a few days. Foreign entrepreneurs considering Estonia can pursue these routes to set up their businesses.
Online Registration with e-Residency
To form a company online via the Commercial Register’s dedicated platform, every key individual of the entity (like members and main managers) must have an e-Residency card.
In-Person Company Incorporation
This method involves a visit to a notary office in Estonia. Our legal team will offer an initial consultation and guide you throughout the entire journey.
Remote Registration through Power of Attorney
To set up a business from afar without being physically present, you can grant a notarized power of attorney to our agency’s legal professionals, who will handle the company’s formation for you.
Preparations for company registration
Requirements for company formation in Estonia
Should you need help preparing all the necessary documents to set up a business in Estonia, our team of experts is ready to assist.
To open a company in Estonia the following requirements must be met:
- Unique and appropriate business name chosen
- Office address assigned (virtual office services can be offered on request)
- Company’s Articles of Association drafted
- Share capital deposited into the company’s corporate bank account.
