set up a company in estonia

Incorporate in Estonia

$1,950.00

Set up an Estonian Limited Company

Estonia is, perhaps, the most technologically advanced country in the world when it comes to government. During the last years the legislative body, voting, education, justice, healthcare, banking, taxes, and policing areas have been digitized in a single platform under the E-Estonia Project.

In addition, Estonia is the first country in the world to introduce the E-Residency concept, which is a transnational digital identity card for non-Estonian citizens issued and backed by the Estonian Government.

Estonia has become a technology hub during the last decade where dozens of successful startups have taken off.

Tech entrepreneurs are usually attracted by its simple and relatively reasonable tax environment – no tax on retained profits and a 20% tax on distributed profits. Also, its ease of corporate compliance as all mandatory filings can be done electronically via its e-Residency card. This card is a transnational digital identity card for non-Estonian citizens issued and backed by the Estonian Government.

For blockchain companies, Estonia provides the most affordable and easiest licensing process for Cryptocurrency exchanges and Cryptocurrency Wallet Service Providers. At the time of writing, more than 800 ‘crypto’ licenses have been already issued.

Obtaining a ‘crypto’ license costs a few thousand dollars and there are no additional capitalization requirements other than the EUR 2,500 standard incorporation cost for all private limited companies.

Estonian companies may also be considered by certain e-commerce and internet entrepreneurs as it offers a low-cost set up and has access to the broad range of payment processing options in the European Economic Area.

Learn more about setting up an Estonian Company:

Private Limited Company Formation (Osaühing, OÜ) and First-Year Fees – USD 1,950.00 (All Included)

Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate an Estonian private limited company, and keep it in good standing, as well as government fees and duties, disbursements such as notarial and courier fees.

  • Preparing Limited Power of Attorney to incorporate the company on behalf of the Client
  • All Applicable Government and Registration Fees (Commercial Register, RIK)
  • All Applicable Notarial Fees
  • Preparing and providing the Statues of the Company (Articles of Association) in both Estonian and English languages
  • Submitting Company Registration and Statues to the RIK
  • Providing Extract from the RIK Certificate of Incorporation issued by the RIK
  • Providing Company Registry card with Register of Directors and Shareholders’
  • Providing Estonian Registered Office Services, including business address, for one year
  • Providing an Estonian resident to act as Company Representative in Estonia (Contact Person) for one year
  • Registering the company with the Estonian Tax and Customs Board for Corporate Tax and Value-added Tax
  • Preparing Certified Copies of the Corporate Documents
  • Delivering Certified Copies of the Corporate Documents via Courier, inclusive of Courier Fees

Time to Form the Company

The process can be done either in-person or remotely via Power of Attorney or via e-Residency (if the shareholders have an e-residency card). It takes around 2-3 business days to get the company approved from the date we receive the Power of Attorney.

Bank Account Opening Services (Optional)

We can open bank accounts for Estonian private limited companies in the following jurisdictions:

  • Estonia Bank Account (1 Bank, In-person) – USD 1,200.00 – Debit/Credit Cards Available
  • Cyprus Bank Account (6 Banks, Remotely) – USD 1,200.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Switzerland Bank Account (1 Bank Remotely, 3 Banks In-person) – USD 1,200.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Netherlands Bank Account (2 Banks, Remotely) – USD 1,200.00 – Debit/Credit Cards Available
  • Lithuania Bank Account (1 Bank, In-person) – USD 1,200.00
  • Latvia Bank Account (1 Bank, In-person) – USD 1,200.00 – Debit/Credit Cards Available
  • Liechtenstein Bank Account (2 Banks, Remotely) – USD 1,200.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Luxembourg Bank Account (2 Banks, Remotely) – USD 1,200.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Czech Republic Bank Account (1 Bank, Remotely) – USD 1,200.00 – Debit/Credit Cards Available
  • Gibraltar Bank Account (1 Bank, In-person) – USD 1,200.00 – Brokerage Accounts Available
  • New York (US) Bank Account (2 Banks, Remotely) – USD 2,000.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Singapore Bank Account (5 Banks, Remotely) – USD 900.00 – Debit/Credit Cards Available – Remote account opening available due to COVID-19 and related travel restrictions
  • Hong Kong Bank Account (3 Banks, In-person) – USD 2,000.00 – Debit/Credit Cards Available
  • Bahamas Bank Account (4 Banks, Remotely) – USD 500.00 – Brokerage Accounts Available
  • Cayman Islands Bank Account (5 Banks, Remotely) – USD 900.00 – Brokerage Accounts and Debit/Credit Cards Available
  • British Virgin Islands Bank Account (1 Bank, Remotely) – USD 900.00 – Brokerage Accounts Available
  • Mauritius Bank Account (3 Banks, Remotely) – USD 600.00 – Debit/Credit Cards Available
  • Labuan Bank Account (1 Bank, Remotely) – USD 500.00
  • Armenia Bank Account (1 Bank, Remotely) – USD 1,200.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Turkey Bank Account (1 Bank, Remotely) – USD 1,200.00 – Debit/Credit Cards and Brokerage Accounts Available
  • New York (US) Bank Account (2 Banks, Remotely) – USD 2,000.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Cook Islands Bank Account (1 Bank, Remotely) – USD 600.00 – Brokerage Accounts available
  • Curaçao Bank Account (2 Banks, Remotely) – USD 500.00 – Debit/Credit Cards Available
  • Belize Bank Account (1 Bank, Remotely) – USD 300.00 – Prepaid Cards Available.
  • Antigua Bank Account (2 Banks, Remotely) – USD 300.00 – Debit/Credit Cards Available
  • Puerto Rico Bank Account (2 Banks, Remotely) – USD 300.00 – Debit/Credit Cards Available and Brokerage Accounts available
  • Nevis Bank Account (Remotely) – USD 300.00
  • Dominica Bank Account (Remotely) – USD 300.00 – Debit/Credit Cards Available and Brokerage Accounts available

Note that we can also assist the client with opening Electronic Money Institutions Accounts in the EEA at no additional cost.

All our bank account options provide for accounts in major currencies (USD, EUR, GBP, CHF, etc) as well as internet banking facilities. Note that “Remotely/In-person” means whether the account can be opened remotely or a personal visit to the bank is required to finalize the application.

Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.

Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.

Estonian Company Annual Fees – USD 1,400.00 (payable one year after incorporation, and annually thereafter)

  • Providing Estonian Registered Office Services, including business address, for one year
  • Providing an Estonian resident to act as Company Representative in Estonia (Contact Person) for one year
  • Preparing and submitting the company Annual Report with the RIK (Client provides us Financial Statements)
  • Preparing and submitting Tax Return with the Estonian Tax and Customs Board

Other Services (Optional)

  • Assistance with obtaining Virtual Currency Provider License
  • Full Accounting and Book-keeping Services

Please, contact us for further information.

SKU: INC-BV-001-3-1-1 Category:
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