FOREIGN PARTICIPATION AND FOREIGN MEMBERS OF THE MANAGEMENT BOARD

In Estonia, everything necessary is provided to do business by non-residents, and, in addition to Estonian, you can use services in the financial and public sectors in English. So far, Estonia has entered into the Convention for the Avoidance of Double Taxation with 59 countries. The standard VAT rate (value-added tax) is 20% of the cost of goods or services, while internal transactions within the EU countries are exempt from VAT. That is why the interest in Estonia as the starting point for the arrangement of international business is increasing year by year. Another indisputable advantage is that a member of the Board of an Estonian company has the right not to pay a salary to himself/herself.

The Estonian tax system ensures a favourable environment for business due to the following reasons:

  • good reputation.
  • geographical location.
  • user-friendly e-service system (in both the banking and public sectors).
  • opportunity to get advice in English and Russian.
  • international double taxation avoidance agreements entered into with 59 countries.
  • no currency control and no restrictions on international bank payments.

COMPANY IN ESTONIA OÜ will help you to register your business in Estonia.

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