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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 assist you in opening a bank account in Estonia.
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Estonia Bank Account - USD $ 900.00
Estonia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsLHV BankN/ANoEURNoThe company must have business presence in Estonia in the form of directors, employees and/or offices.
Note that we can also open overseas bank accounts for Estonia companies in the following offshore jurisdictions:
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Antigua Bank Account - USD $ 300.00
Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsGlobal Bank of CommerceUSD 25,000YesUSD, EUR, GBPYesDBankUSD 10,000YesUSD, EURYesIn euros DBank processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment).North International BankUSD 5,000YesUSD, EURYes
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Bahamas Bank Account - USD $ 500.00
Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDeltecUSD 1,000,000NoMulticurrencyYesEFG BankUSD 1,000,000YesMulticurrencyYesRemote account opening is possible but the bank will visit the client within first year after opening.Capital Union BankUSD 1,000,000NoUSDYesFamily Offices, Fund Managers and Asset Managers only
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Belize Bank Account - USD $ 300.00
Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCaye BankUSD 1,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesHeritage BankUSD 3,000YesMulticurrencyYesBelize Bank InternationalUSD 4,000YesEUR, GBP, USDYes
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BVI Bank Account - USD $ 900.00
BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsVP BankUSD 500,000NoMulticurrencyYesVP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accountsBank of AsiaUSD 20,000NoUSD, GBP, HKDYes
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Cayman Islands Bank Account - USD $ 900.00
Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCayman National BankUSD 250,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesNCB Cayman LimitedUSD 100,000YesUSD, EUR, CAD, GBP, AUD, MulticurrencyYes
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Cook Islands Bank Account - USD $ 600.00
Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital Security BankUSD 250,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
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Curaçao Bank Account - USD $ 500.00
Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsExprinter International Bank N.V.USD 100,000YesMulticurrencyYes
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Dominica Bank Account - USD $ 300.00
Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsEqiBankUSD 15,000YesUSD, EUR, GBPYesKingdom BankN/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
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EMI Bank Account - USD $ 300.00
EMI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUK EMI AccountN/AYesMulticurrencyYesCards are subject to jurisdictions.Singapore EMI AccountN/AYesSGD, USDYesOnly companies incorporated in APAC jurisdictions.Lithuania EMI AccountN/ANoMulticurrencyYesKazakhstan EMI AccountDepending on category.NoMulticurrencyYesCanada EMI AccountN/ANoEURYesMalta EMI AccountN/ANoEURYes
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Gibraltar Bank Account - USD $ 1,200.00
Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsTuricum Private BankUSD 200,000NoUSD, EUR, GBPYesMoneycorp Bank Limitedcase-by-caseNoMulticurrencyYes
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Hong Kong Bank Account - USD $ 1,400.00
Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDBS BankHKD 200,000YesHKD, USD, MulticurrencyYesA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
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Isle of Man Bank Account - USD $ 1,200.00
Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital International BankN/ANoUSD, EUR, GBPYes
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Labuan Bank Account - USD $ 500.00
Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank IslamUSD 10,000NoUSD, JPY, SGD, EUR, GBPYesMayBank International Labuan BranchUSD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesThey focus more on Labuan incorporated entities.CitibankUSD 250,000NoMulticurrencyYes
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Latvia Bank Account - USD $ 1,200.00
Latvia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsLPB Bankcase-by-caseYesEUR, PLN, CNY, HUFYesThe company should have a substance in EU or UK. Personal accounts only for persons residing/working in Latvia.
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Liechtenstein Bank Account - USD $ 1,200.00
Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBendura BankUSD 500,000NoMulticurrencyYesEvery active NFE needs to have a substance.
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Luxembourg Bank Account - USD $ 1,200.00
Luxembourg Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsEast West United BankN/AYesUSD, EUR, GBP, RUB, CHFYesCompanies conducting commercial activities are expected to conduct at least 30 incoming / outgoing transactions per month.
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Mauritius Bank Account - USD $ 600.00
Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank OneUSD 50,000YesMulticurrencyYesInvestecUSD 50,000YesMulticurrencyYes
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Nevis Bank Account - USD $ 300.00
Nevis Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBONIUSD 10,000NoUSD, EUR, GBP, Multicurrency, CHF, CADYesHamilton Reserve BankUSD 100,000NoUSD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKDYesIMBLUSD 25,000NoMulticurrencyYes
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Panama Bank Account - USD $ 1,200.00
Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMMG BankUSD 10,000YesUSD, EUR, CHF, GBP, CADYesCredicorpUSD 50,000YesUSD, EURYesCapital BankUSD 20,000YesUSDYes
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Puerto Rico Bank Account - USD $ 300.00
Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsStrategic BankUSD 150,000NoUSDYesArival BankN/ANoUSDYesCB International Bank LLCN/AYesMulticurrencyYesUnionpay Merchant service for clients
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Saint Lucia Bank Account - USD $ 300.00
Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPROVEN BANK (Former BOSLIL)USD 5,000YesUSD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZARYes
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Seychelles Bank Account - USD $ 500.00
Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAl SalamUSD 25,000YesUSDYesInternet banking is in view mode only, all transactions are carried out via email or by phone.
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Singapore Bank Account - USD $ 900.00
Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsOCBC BankUSD 30,000YesUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.RHBSGD/USD 30,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.DBS BankSGD 250,000YesMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.UOB BankSGD 250,000YesMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.Credit SuisseUSD 3,000,000NoUSD, SGDYesBank of ChinaSGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.
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Switzerland Bank Account - USD $ 1,200.00
Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMaerki BaumannCHF 500,000YesMulticurrencyYesCIM BanqueUSD 10,000YesMulticurrencyYesCompanies must have a business presence in the country where they are incorporated or tax resident in the form of offices and/or employees.mbaerCHF 5,000NoMulticurrencyYesCompanies must have an expected turnover of at least CHF 3,000,000SygnumCHF 3,000,000NoMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services.Credit SuisseCHF 1,000,000YesMulticurrencyYes
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USA Bank Account - USD $ 1,400.00
USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUSA Bank AccountUSD 5,000YesUSDYesThe company should trade in Asia and the USA.USA Bank AccountCase by case (from 10,000 but preferred 250K-300K)YesUSD, MulticurrencyYesThey tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.
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Vanuatu Bank Account - USD $ 500.00
Vanuatu Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPacific Private BankUSD 1,500NoEUR, GBP, USDYesOutgoing USD transactions cannot be facilitated.
Note that we can also assist the client with opening Electronic Money Institutions Accounts in the EEA at no additional cost.
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.