Foreign nationals wishing to take full advantage of the Estonian tax system choose to register OÜ (or AS in the case of large businesses).
At OÜ, shareholders are not personally liable for the firm’s obligations. Minimum capital – 2,500 euros. If all the founders are individuals, and the amount of capital does not exceed 25 thousand euros, it is not necessary to make it at registration. The main thing is to pay the capital before the dividend is distributed.
Registration requires at least one shareholder and one director (individual). 100% foreign ownership is allowed. If the majority of the directors do not reside in Estonia, the company must provide the e-Business Register with the contact details of the local representative who will be responsible for further communication with the public authorities.
Annual reporting is submitted online to the e-Business Register. The audit is mandatory only for large firms. The size of the company is determined based on its total assets, income, and number of employees.
How to register a company in Estonia
To open a company in Estonia, you do not need to go anywhere. If you have already become an electronic resident of Estonia, you can register the company online. If not, it is enough to issue a power of attorney, and we will register a company for you remotely. Alternatively, you can come to Estonia in person, and we will accompany you at all stages of the registration process.
First, come up with a unique name for the company. Make at least two choices in case one of the proposed names is already taken. Choose names that are easy to read, remember, and reflect the essence of the company’s activities.
When registering, you need to declare the share capital (at least 2,500 EUR). It can be deposited later, in cash or in kind. At the time of distribution of dividends by the company, the share capital must have already been paid in.
Determine the type of activity that you specify when registering. Keep in mind that the company will be able to work in other areas, you need to specify the main one.
Documents and information required for company registration in Estonia: