Table of Contents
- 1 What is the benefit of e-Residency in Estonia?
- 2 What are benefits of an Estonian company?
- 3 Is Estonia good for business?
- 4 Can I work in Estonia with e-residency?
- 5 How do I create a company in Estonia?
- 6 How much is VAT in Estonia?
- 7 What is e-residency in Estonia?
- 8 Why set up a business in Estonia?
- 9 What should I look for in an Estonian company name?
What is the benefit of e-Residency in Estonia?
Essentially, Estonia’s e-Residency program enables online business owners, digital entrepreneurs, and freelancers from around the world to set up business in Estonia remotely. The government-backed scheme gives these entrepreneurs a digital Estonian ID and access to the country’s growing digital business community.
What are benefits of an Estonian company?
A business company registered in Estonia will bring the following main benefits:
- Tax burden reduction. The main advantage of having a company registered in Estonia is a zero tax on undistributed profit.
- More opportunities for reinvestment.
- The possibility to work in the European market.
- Ease of doing business.
What are the benefits of e-Residency?
Starting and running your company with the help of e-Residency is the closest you can get to a fully location independent company. The main benefits include full remote access from anywhere in the world, simple taxes, low bureaucracy, low maintenance cost and international banking.
Is Estonia good for business?
For small business owners that offer digital products, software, or services, Estonia is the perfect place to establish a business. The innovative Estonian tax system, applying taxation only when there’s distribution of benefits, it’s a competitive advantage. For startups, it is also a great solution.
Can I work in Estonia with e-residency?
As an e-resident with a registered company in Estonia, you can work in Estonia for your company physically, without registering for short-term employment, only if both of the below apply: You are performing director or supervisory functions for your company.
Can I live in Estonia with e-Residency?
Can I live in the EU with e-Residency? No. Your status as an e-resident does not grant permission to live in Estonia or within the EU. You will not receive benefits related to EU residency by becoming an e-resident.
How do I create a company in Estonia?
Establishing a private limited company is as easy as ABC:
- Choose a name for your business and check that it is available.
- If you do not have an Estonian address, contact a business service provider to obtain a legal address.
- Register the company online at the company registration portal.
- Receive confirmation.
How much is VAT in Estonia?
The standard VAT rate is 20\%. A reduced rate of 9\% is applied to books, periodicals (with few exceptions), hotel accommodation services, and listed pharmaceuticals. The VAT rate on the export of goods and certain services is 0\% (i.e. exempt with credit).
How much does Estonian e-residency cost?
E-Residency application fee
Chosen pickup location | State fee |
---|---|
In Estonia (Service Point of the Police and Border Guard Board) | 100 euros |
Estonian embassy | State fee 120 euros (100 euros for the application and 20 euros for the courier are collected together when submitting the application) |
What is e-residency in Estonia?
Estonian e-Residency makes it easy for you to do business with customers and suppliers around the world, but your company will be global in a way that’s even more mind-boggling than that. Estonia’s digital infrastructure is so advanced that it’s already independent of Estonia itself.
Why set up a business in Estonia?
By keeping bureaucracy to a minimum and moving business to the digital realm, Estonia offers entrepreneurs the chance to run a business seamlessly, transparently and cost effectively from anywhere in the world.
Why choose Estonia for accounting and Administrative Services?
If you do require assistance at any point during the process, it is worthwhile noting that accounting, administrative and legal services in Estonia are competitively priced. You can rest assured that Estonians have a high level of English proficiency, so it is unlikely that there will be any barriers to effective and efficient communication.
What should I look for in an Estonian company name?
As an Estonian company is an EU company, you’ll also want to check if there are other trademarks that are similar across the continent. The EU is the world’s largest single market and home to more than 500 million consumers, as well as plenty of entrepreneurs, so it’s unlikely that your company name is completely unique.