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 assist you in opening a bank account for the Company in Estonia.

  • Estonia Bank Account - USD $ 900.00
    Estonia Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    LHV Pank
    N/A
    No
    EUR
    No
    The 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:

  • Antigua Bank Account - USD $ 300.00
    Antigua Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Global Bank of Commerce
    USD 25,000
    Yes
    USD, EUR, GBP
    Yes
    DBank
    USD 10,000
    Yes
    USD, EUR
    Yes
    North International Bank
    USD 5,000
    Yes
    USD, EUR
    Yes
  • Bahamas Bank Account - USD $ 500.00
    Bahamas Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Deltec
    USD 1,000,000
    No
    Multicurrency
    Yes
    EFG Bank
    USD 1,000,000
    No
    Multicurrency
    Yes
    Capital Union Bank
    USD 500,000
    No
    Multicurrency
    Yes
  • Belize Bank Account - USD $ 300.00
    Belize Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Caye Bank
    USD 1,000
    Yes
    USD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOK
    Yes
    Heritage Bank
    USD 3,000
    Yes
    Multicurrency
    Yes
    Belize Bank International
    USD 4,000
    No
    EUR, GBP, USD
    Yes
  • BVI Bank Account - USD $ 900.00
    BVI Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    VP Bank
    USD 250,000
    No
    Multicurrency
    Yes
    Bank of Asia
    USD 20,000
    No
    USD, GBP, HKD
    Yes
  • Cayman Islands Bank Account - USD $ 700.00
    Cayman Islands Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Cayman National Bank
    USD 100,000
    Yes
    USD, EUR, GBP, CAD, AUD, JPY, SEK, CHF
    Yes
    NCB Cayman Limited
    USD 100,000
    Yes
    USD, EUR, CAD, GBP
    Yes
  • Cook Islands Bank Account - USD $ 600.00
    Cook Islands Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Capital Security Bank
    USD 20,000
    Yes
    USD, EUR, GBP, CAD, NZD, AUD, SGD, HKD
    Yes
    Clients can have a corporate account for operational purposes only if they open an investment account as well.
  • Curaçao Bank Account - USD $ 500.00
    Curaçao Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Exprinter International Bank N.V.
    USD 100,000
    Yes
    Multicurrency
    Yes
  • Dominica Bank Account - USD $ 300.00
    Dominica Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    EqiBank
    USD 15,000
    Yes
    USD, EUR, GBP
    Yes
    Kingdom Bank
    N/A
    No
    EUR, USD
    Yes
    SWIFT transactions are carried out only through a pool account in the name of the bank.
  • EMI Bank Account - USD $ 300.00
    EMI Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    UK EMI Account
    N/A
    No
    EUR, GBP
    Yes
    Lithuania EMI Account
    N/A
    No
    Multicurrency
    Yes
    Malta EMI Account
    N/A
    No
    EUR
    Yes
    Canada EMI Account
    N/A
    No
    EUR
    Yes
    Kazakhstan EMI Account
    Depending on category.
    No
    Multicurrency
    Yes
    Hong Kong EMI Account
    N/A
    No
    USD, EUR, GBP, HKD
    Yes
    Currently, the Neat account is available for businesses incorporated in Hong Kong, Australia, BVI, Cayman Islands and New Zealand only.
    Ireland EMI Account
    N/A
    No
    EUR, Multicurrency
    Yes
    Singapore EMI Account
    N/A
    Yes
    SGD, USD
    Yes
    Only companies incorporated in APAC jurisdictions.
  • Gibraltar Bank Account - USD $ 1,200.00
    Gibraltar Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Turicum Private Bank
    USD 200,000
    No
    USD, EUR, GBP
    Yes
    Moneycorp Bank Limited
    case-by-case
    No
    Multicurrency
    Yes
  • Hong Kong Bank Account - USD $ 2,000.00
    Hong Kong Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    DBS Bank
    HKD 200,000
    Yes
    HKD, USD, Multicurrency
    Yes
    A business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
  • Isle of Man Bank Account - USD $ 1,200.00
    Isle of Man Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Capital International Bank
    N/A
    No
    USD, EUR, GBP
    Yes
  • Labuan Bank Account - USD $ 500.00
    Labuan Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Bank Islam
    USD 10,000
    No
    USD, JPY, SGD, EUR, GBP
    Yes
    MayBank International Labuan Branch
    USD 25,000
    No
    USD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AED
    Yes
    Citibank
    USD 250,000
    No
    Multicurrency
    Yes
  • Liechtenstein Bank Account - USD $ 1,200.00
    Liechtenstein Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Alpinum
    CHF 250,000
    No
    Multicurrency
    Yes
    Companies conducting commercial activities (as opposed to only holding assets) must have a physical presence in the form of offices and employees in the country where it is incorporated or tax resident.
    Bendura Bank
    USD 500,000
    No
    Multicurrency
    Yes
  • Luxembourg Bank Account - USD $ 1,200.00
    Luxembourg Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    East West United Bank
    N/A
    Yes
    USD, EUR, GBP, RUB, CHF
    Yes
    Companies conducting commercial activities are expected to conduct at least 30 incoming / outgoing transactions per month.
  • Mauritius Bank Account - USD $ 600.00
    Mauritius Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Bank One
    USD 25,000
    Yes
    Multicurrency
    Yes
    Companies must have some form of business connection to Africa in the form of clients, suppliers or investments.
    Investec
    USD 50,000
    Yes
    Multicurrency
    Yes
  • Panama Bank Account - USD $ 1,200.00
    Panama Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    MMG Bank
    USD 10,000
    Yes
    USD, EUR, CHF, GBP, CAD
    Yes
    Credicorp
    USD 50,000
    Yes
    USD, EUR
    Yes
    Capital Bank
    USD 20,000
    Yes
    USD
    Yes
  • Puerto Rico Bank Account - USD $ 300.00
    Puerto Rico Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    FV Bank
    Case by case
    Yes
    USD
    Yes
    Strategic Bank
    USD 100,000
    No
    USD
    Yes
    Arival Bank
    N/A
    No
    USD
    Yes
    CB International Bank LLC
    N/A
    No
    Multicurrency
    Yes
  • Saint Lucia Bank Account - USD $ 300.00
    Saint Lucia Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    PROVEN BANK (Former BOSLIL)
    USD 5,000
    Yes
    USD, EUR, GBP, HKD
    Yes
  • Seychelles Bank Account - USD $ 500.00
    Seychelles Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Al Salam
    USD 25,000
    Yes
    USD
    Yes
  • Singapore Bank Account - USD $ 900.00
    Singapore Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    OCBC Bank
    USD 30,000
    Yes
    USD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHF
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    RHB
    SGD/USD 30,000
    No
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    DBS Bank
    SGD 250,000
    Yes
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    UOB Bank
    SGD 350,000
    Yes
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    Credit Suisse
    USD 3,000,000
    No
    USD, SGD
    Yes
    Bank of China
    SGD 100,000
    No
    USD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CAD
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
  • Switzerland Bank Account - USD $ 1,200.00
    Switzerland Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Maerki Baumann
    CHF 500,000
    Yes
    Multicurrency
    Yes
    CIM Banque
    USD 10,000
    Yes
    Multicurrency
    Yes
    Companies must have a business presence in the country where they are incorporated or tax resident in the form of offices and/or employees.
    mbaer
    CHF 5,000
    No
    Multicurrency
    Yes
    Companies must have an expected turnover of at least CHF 3,000,000
    Sygnum
    CHF 3,000,000
    No
    Multicurrency
    Yes
    Deposit must be maintained in crypto assets held through the bank's custody services.
    Credit Suisse
    CHF 1,000,000
    Yes
    Multicurrency
    Yes
  • USA Bank Account - USD $ 1,400.00
    USA Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    USA Bank Account
    N/A (USD 250,000 preferred)
    No
    USD
    Yes
  • Vanuatu Bank Account - USD $ 500.00
    Vanuatu Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Pacific Private Bank
    USD 1,500
    No
    EUR, GBP, USD
    Yes
    Outgoing 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.

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