Thinking of Going into Business? Here Are the 4 Ways to Start One in Estonia

Are you interested in starting a business but not sure how to make the first steps? Building up a company could be hassle-free, especially in one of the world’s most economy-friendly country. In this blog article, we would like to introduce every possible way to start a company in Estonia.

Ways to Start Business in EstoniaStarting a business could be challenging as it’s time-consuming and requires responsible efforts. We believe the process of company formation not to be critical, however, it’s all about finding the right approach. Every successful business begins with accurate decisions and thrives in a beneficial business environment. And in this way, Estonia is one of the most favourable places for starting a company, offering nearly unlimited commercial opportunities for doing business.

There should be no doubts regarding the advantage of having business in Estonia — advanced fintech and business-friendly economy provide a number of opportunities. However, if there are still some left, take a look at this article introducing the main benefits of the Estonian market.

In the meantime, let’s get down to business, and consider ways of company registration in Estonia:

  • Company registration with an e-Residency card
  • Formation of a company by the power of attorney
  • Setting up a business by a visit

And last but not least by its sustainability:

  • An obtaining of a ready-made company

At this point, a reader can choose the way of most interest and just scroll down to its interpretation.

Company registration remotely with e-Residency

E-Residency is a state-issued digital identity providing access to Estonian e-government services and EU business environment for non-citizens. This innovative programme allows every willing to establish and manage an EU-based company 100% online.

Steps to undertake in order to set up a business using e-Residency:

Establishing a company using an e-Resident card provides an entrepreneur with absolute freedom and promptly makes him a part of the Estonian business environment. Our company is happy to consult every individual who is willing to obtain an e-Residence card.

Company formation by the power of attorney

As it is a requirement to have a legal address and a contact person in Estonia in order to start a company, the second option is to open a company by proxy. The process includes finding a legal address as well as an Estonian contact person, submission of all necessary documents in the Estonian language and paying the state fee of 145 EUR. Same as with an e-Resident card, it is not required for an entrepreneur to be present in Estonia when registering a business with a help of mediators.
Many businesses in Estonia delivering their services of opening a company by power of attorney. Our company is looking forward to being your company representative at an early stage. You find more information about the process and costs on our website.

Visiting Estonia to start a company

Coming to Estonia is the fastest way to register a company. That is a standard procedure requiring preparedness of documentation before attending a notary. Upon arrival, you need to possess all the information about your company and fill in the documents required by a notary, which services usually amount to 100 EUR. The state fee is 145 EUR, the same as with the formation of the company by proxy.

Be aware that it is possible to establish a company in one day only if a company has already got a legal address and a contact person in Estonia. That is likely to be achieved with recourse to the services of a company specialising in business development.

Before visiting Estonia in person, our company request the following information:

Planned date of visit

Desired company name

Type of activity of the company

Data of the Owners/Beneficiaries of the company (passport photo, email, telephone, residence address)

Data of Directors of the company (passport photo, email, telephone, residence address, marital status)

By providing the above-mentioned information before arrival, you can speed up the process and start up a business in the best possible time.

Purchasing of an existing Estonian company

The last available option is obtaining a ready-made company. Such businesses are inactive corporate organisations that have passed the state registration and have all the necessary details for the implementation of their activities.

Purchasing a ready-made/shelf company should be a well-considered decision in order to protect oneself from unreasonable risks. Nonetheless, obtaining an already registered company has certain benefits. Among which:

  • Completed process of registration
  • Appearance of trustworthiness
  • Established reputation

IMPORTANT! The ready-made/shelf companies listed do not have bank accounts or VAT numbers. All corporate accounts have been closed by their previous owners.

Find out about the costs and request consultation on our website.

So far, there are 4 possible ways to register a company in the Estonian marketLKS Consult OÜ is certain whatever option you are going for, the Estonian business environment welcomes your company and provide the most favourable conditions for growing your business. For our part, we ensure a smooth and promising start for your company.