Multi-shareholder company registration, accountancy and taxes in Estonia, including health insurance with SafetyWing®.
Opening your REMOTE-company in Estonia is now easier than ever! Just complete some simple steps in our online assistant.
The registration fee of 390€+VAT (plus 50€+VAT per additional member) includes:
BUSINESS BANK ACCOUNT
We support more than fifteen banking alternatives. Once the company is registered our expert team will help you choose the best banking solution for you and guide you through the process of opening a bussiness bank account.
COMPLIANCE, ACCOUNTANCY AND TAXES
We take care of your accountancy, salary and dividends taxes, VAT reports, and the annual activity report at the end of the year. The monthly service includes:
MANAGE YOUR COMPANY
Control every aspect of your company 100% online thanks to our exclusive online management tool Companio®.
GLOBAL HEALTH INSURANCE
We are partners of SafetyWing. Get an amazing deal for a global health insurance plan for all the members and employees of your company.
- All members must be e-Residents, this is mandatory. See here how to apply and here a list of pick up locations (Obtaining your e-Residency pack takes 3-4 weeks on average).
- Register your company with our online 4 steps assistant (Activation of the company usually takes less than 72 working hours).
- Apply for a business bank account with our help and advice. We support 15 different bank solutions for business. (Account verification takes 5 days on average).
- Opening a company with our Company Registration Pack is subject to a subscription to a monthly accountancy plan, effective as soon as the company has entered the registry. Every month you must upload your invoices (sales & purchases) and bank statements to our online tool Companio®. The monthly fee depends on your invoicing volume and gets calculated and adjusted automatically every month.
The e-Residency program is open to any citizen of the world, regardless of your nationality or country of residence.
The main requirement to open your REMOTE-company in Estonia with us is that your business is completely digital. If you are the only partner, you must ensure that your country of citizenship or residence cannot claim that your company has its permanent establishment there. If you are a digital nomad or travel regularly without a permanent establishment, the e-Residency program has been designed for you.
In addition, we only work with companies formed by individuals who are e-Residents. We don’t accept corporate shareholders. That is, we do not allow other companies as shareholders, or holding structures.
The price includes everything you need to set up your company: Company Registration + Virtual Office + Legal Address + Person of Contact + Employees + Board Member Registration + VAT Number Application + European VIES Registration (not all business models are eligible for VAT number and VIES registration) + Bank Account Opening Support.
As part of the company registration package, you can subscribe to a monthly health insurance plan for the members of your team with SafetyWing.
Once the company is registered, you will subscribe to a Monthly Accountancy Package, whose monthly fee depends on the number of invoices every month. See monthly accountancy prices here.
There are two options: dividends and salaries. Dividends are issued usually at the beginning of the financial year, and paid to shareholders. Salaries are usually paid every month, and can be paid to members of the board or any other employee, including also the shareholders.
Estonia is an European country, and as such, you may become VAT liable and obtain a VAT number to deal with other European businesses. When you open your company in Estonia with us, we can apply for your VAT number and register you in the VIES registry. Not all business models are eligible for a VAT number. For example, dropshipping/FBA companies won’t get a VAT number.
Regarding taxes, the good news is: you will not pay any taxes for the money your company earns, spends in deductible expenses, or re-invests in the business. This means that all the money that goes into the bank account of your company and stays there or is spent in business expenses is virtually tax-free.
You only pay taxes for the profit that is distributed out of the company via dividends or salaries.
In this article we explain VAT and taxes for Estonian companies in detail.
The justifiable or deductible expenses are those that are required for the activity company. They are paid by the company and deducted as a business expense. Thanks to the innovative Estonian tax system, these expenses are exempt from taxes. They are considered money that gets reinvested in the company.
What are those deductible expenses? Is there a rule to know if a expense is deductible or not? We explain everything in detail in this article.
“Your Company In Estonia is the key to my company. Without them, I would not have been able to understand how to take the necessary steps to make my company work in such a short time. They are close and friendly and always respond quickly and very efficiently.”
“I loved the simplicity and clearness of the web. I got in touch with Ignacio and we are happy customers since then. We have a company in Estonia, and our business provider speaks our language, what else can we ask for?”
“Your Company In Estonia solved all our doubts and helped us understand all the difficult concepts, even in topics that were not directly connected with the business registration, accountancy and taxes. This transparency really adds a lot of value to our project and helps you understand how every aspect of the business works.”
“ To be honest, we connected very well from the first moment, which I think is the most important thing when working with someone, but you were also very patient (especially at the beginning when I had one million doubts about running my business), and you kindly explained everything to me.”