Estonia Offshore Company Formation
COMPANY FORMATION
Company formation with e-Residency
Opening an offshore company in Estonia has multiple advantages compared to doing business in the home country. Estonia is the first country to offer e-Residency, a government-issued digital identity, and status that provides access to Estonia’s transparent business environment, creating a new digital nation for the world. From all over the world, e-resident entrepreneurs can start an EU-based company and manage their business from anywhere, entirely online. Each member, shareholder, and/or board member of the company is strongly advised to apply for e-residency. We offer our assistance in obtaining an E-residency and it takes approximately 6 – 8 weeks from the moment of application. Once all the members have their e-residency cards, then we can establish a company.
STATUTORY REQUIREMENTS
Statutory requirements
- Contact person (either qualified for non-residents or Estonian residents) and legal address – required for companies with management based outside of Estonia
- Virtual Office - mandatory for business registry
- Minimum 1 Shareholder – individual or corporate, residents or non-residents
- A Corporate director is not permitted, only individual
INCOME TAX
The Corporate Income Tax
The Corporate Income Tax is 0% on undistributed dividends. When dividends (profit) are distributed, the 20% CIT remains.
Accounting is advised but not mandatory, and auditing is not necessary. Once the company is VAT liable, accounting should be done on a monthly basis.
The standard VAT rate is 20%
STEPS TO FORMING A COMPANY
What are the steps to forming an Estonia offshore company?
In order to start the procedure of company formation please provide
- Name of the company (2-3 suggestions)
- Completed KYC questionnaire
- Copy of the passports of the Management board member
- Payment to EURO COMMERCE LLC account
Opening an offshore bank account
We offer you the service of assisting in opening a bank account. For more information, please visit our Bank Accounts page.
PRICING
Price List
The price depends on the type of service you want to use
Company formation
Annual fees
E-residency card
Company formation
| 1630 EUR + VAT(20%) | Company registration – state fee included |
|---|---|
| Virtual office (mandatory) | |
| Legal Address & Contact Person (mandatory) | |
| Company documents notarized and apostilled |
Annual fees
| 700 EUR + VAT | Annual fees |
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E-residency card
| 130 EUR + VAT (20%) | OBLIGATORY and the client has to obtain it by him or herself BEFORE the process of the company formation is initiated |
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