Company registration in Estonia - COREDO

Company registration in Estonia

Estonia is a small country located in Northern Europe on the Baltic Sea. Until 1991, it was one of the Republics of the former USSR. Since 2004, it has been part of the European Union, and the official currency here is the euro.

Estonia has a stable, well-developed economy based on the mining and textile industries, mechanical engineering, woodworking, chemical production, and agriculture. Recently, such industries as IT, tourism, business services, logistics, and fintech have also been actively developing. Estonia regularly ranks in the top 20 countries in various ratings for ease of doing business, level of economic freedom, etc.

BENEFITS OF COMPANY REGISTRATION IN ESTONIA

Geographical location of Estonia is a significant plus for doing business: it lies in the centre of the Baltic region and has a well-developed transport infrastructure that connects it with other countries of Northern and Central Europe. Also, this jurisdiction has a number of other advantages, among which are:

  • stability of the economic and political spheres;
  • low level of corruption;
  • highly developed banking sector;
  • high level of digitalization in all spheres of life (for example, the e-government model is one of the most innovative in Europe);
  • Double tax agreements (DTAs) with more than 60 countries of the world;
  • high standard of living, comfortable living conditions;
  • business can be 100% foreign-owned.

AVAILABLE TYPES OF BUSINESS ORGANISATION IN ESTONIA

Foreigners can start businesses of any organisational type in Estonia, but the most popular among them are:

  • OÜ (Osaühing) is a private limited company. It can be established by one shareholder (both an individual and a legal entity, an Estonian citizen or a non-citizen). The minimum authorized capital is 2,500 euros, but it is not necessary to pay it right away.
  • AS (Aktsiaselts) is a public joint-stock company with limited liability. One natural person or legal entity is sufficient for its establishment. The minimum authorised capital is 25,000 euros.
  • FIE (Füüsilisest isikust ettevõtja) is an individual entrepreneur. This type is suitable for small businesses and start-ups. There are no minimum authorised capital requirements.
  • Tulundusühistu is a commercial cooperative. It can be established by at least two persons (both legal entities and individuals). There is no personal material liability of members for the obligations of the cooperative.

SPECIFICS OF COMPANY REGISTRATION IN ESTONIA

Foreign citizens who wish to register a company in Estonia are encouraged to apply for an E-residency, which provides secure access to government electronic services and allows for remote company registration. The set of documents required for this purpose is standard: personal data of the founders, Charter, application, etc. The company registration procedure itself will take only 1 business day, however, the E-residency registration may take 2–5 weeks.

Highly qualified employees of COREDO will help you register a company in Estonia quickly and without unnecessary complications. They will also assist in resolving any legal issues and advise you on the nuances of doing business in this jurisdiction.

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