Estonia
Company formation with e-Residency
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
- 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
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%
What are the steps to forming an Estonia company?
- 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
Bank account opening
PRICING
Price List
| 1630 EUR + VAT(20%) | Company registration – state fee included |
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| Virtual office (mandatory) | |
| Legal Address & Contact Person (mandatory) | |
| Company documents notarized and apostilled |
| 700 EUR + VAT | Annual fees |
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| 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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