Why Choose Estonia to Register Your Business?
Most often, this choice is made by those who aim to work with the European market and also seek tax optimization. Since 2004, Estonia has been a member of the European Union, and the country offers enough benefits and incentives for foreign investors to consider becoming its resident.
So, if you’ve decided to choose Estonia — you’ve made the right decision. What’s next? After registering your company and business, the next step is opening a corporate account.
To save your time and effort, we offer a bundled business registration package:
“Company registration in Estonia + account opening in a UK payment system” – €1300.
Owning an Estonian Company Is Profitable!
Russian language. Estonia was once part of the Soviet Union, and the Russian language is widely spoken here. Along with Estonian and English, Russian is commonly used in business circles.
Low bureaucracy. The country faces practically no corruption, and bureaucracy is kept to a minimum thanks to modern technologies.
IT technology. Estonia has an advanced digital infrastructure. Documentation is predominantly handled electronically.
Close to Moscow and St. Petersburg. A flight between the capitals takes only about 1.5 hours.
Registering a Business in Estonia Is Easy
Registering a company in Estonia is easier through specialized legal service providers. We will help you quickly complete all necessary forms and documents online. Contact us at info@sowana.ee and we will register your company remotely within one day!
Taxation in Estonia
Estonia offers one of the most business-friendly tax systems in the world. The country has never appeared on any blacklist, even though it provides considerable tax flexibility to companies. Estonia has agreements with other countries to avoid double taxation.
The main tax is income tax, which is 20%. However, if a company reinvests its profits into the business, this tax does not need to be paid. Tax is only applied when profits are distributed and dividends are paid. In 2018, a reduced tax rate of 14% was also introduced, which applies under certain conditions.
VAT Number for Estonian Companies
A company registered in Estonia does not need to deal with customs documents. Its goods are not subject to customs control within the EU. Moreover, when selling goods between EU countries, turnover tax is not applied.
Not every company needs a VAT number. Whether it is required depends on several key factors: the type of transactions, type of goods and their movement (import/export), logistics and supply chain, and resale schemes. Generally, having a VAT number indicates that the company is engaged in intermediary activity focused on purchasing goods within the EU. Therefore, such companies must obtain a VAT number.
Simplified Reporting Scheme
Estonian companies submit annual reports. They are not required to report monthly. For annual reporting, the accounting department will need contracts and invoices (primary documents).
The available forms of business in Estonia include:
- FIE – sole proprietor (individual),
- AS – public limited company,
- UÜ – limited partnership,
- OÜ – private limited company,
- TÜ – general partnership.
Foreign residents and investors most commonly choose private limited companies (OÜ).
How to Register a Company in Estonia?
- The registration process begins with gathering the necessary documents.
- You must choose a company name. It must be unique, so it’s better to come up with several options.
- The minimum share capital is €2500, which does not need to be paid up immediately at the start.
For more information about registering a company in Estonia, contact our experts via messenger at +372 552 00 78.
Corporate Account for EUR and Crypto Payments in the UK
UK banks treat foreign clients with particular attention. For foreign companies choosing the UK for a corporate account, local payment systems are the best option. These systems are licensed and well-established.
We offer cooperation with a payment system that, in addition to standard banking services, provides unique tools. For example, it allows active operations with cryptocurrencies.
Why Open a Corporate Account in the UK?
We’ve selected a user-friendly payment system accessible to non-resident companies. The requirements are standard.
Key advantages of the payment system include:
- International payments via blockchain networks, SWIFT, SEPA, ACH, Faster Payments.
- The latest security systems for storing crypto assets.
- Multi-currency accounts supporting up to 8 cryptocurrencies.
- 24/7 online access to accounts via a mobile app.
Perhaps the most important benefit of this payment system is the ability to open a fully secure corporate crypto account — a service rarely available elsewhere globally.
How Expensive Is It to Use a UK Payment System?
The service offers a choice of three tariff plans. During the first month, service is completely free, regardless of the chosen plan. After that, monthly fees, transaction limits, and payment commissions depend on the company’s turnover indicators.
Want to register a company in Estonia? Don’t miss the opportunity to open an account with a UK payment system! It’s both advantageous and secure!
We’ve collected the most useful information in our Telegram channel:
@EstoniaSowana
Subscribe so you don’t miss the latest updates.
Call us on messenger: +372 552 00 78
Email us: info@sowana.ee
You deserve accurate information and attentive professionals!
