Estonia Limited Company (Osaühing / OÜ) Formation Service
Online Remote Registration
Estonia is currently a member of European Union (UN), Eurozone, NATO and Schengen area for regional support, and participate in Organization for Economic Co-operation and Development (OECD) and World Trade Organization (WTO) for global commerce support.
Estonia has adopted to openness and liberal economic policy. Service sector is the major pillar of Estonian economy including commerce and logistics, over 65% of Estonian workforce is working in the service sector.
Large number of foreign investors are attracted to Estonia. As of January 2016, Estonia has attracted in total 17 billion euro worth of investments of which 26% have been in the financial sector. Foreign direct investment is among the leading countries in Eastern Europe regarding foreign direct investment per capita.
Estonia has an investment-friendly taxation system, companies registered in Estonia do not have to pay income tax for re-invested profits.Estonia has transparent and functioning legislation, the business start-up process is straightforward, and the cost of completing licensing requirements has been substantially reduced.
Estonia has the leading I.T. infrastructures in the world. Estonian government provides almost all of the public service online for Estonian as well as the e-Residents.
Back in 2000, Estonian government launched an ambiguous exercise namely “e-Estonia” to built a functioning state on the cyber space. Advancement of e-services take place to change how Estonianvlive and do businesses in Estonia:
Estonia e-Residency program promote Estonian online service further. The program allows non-Estonian to apply for being an e-Resident of Estonia which enables the e-Resident to access to the Estonian public e-services related to doing business. The most popular e-service is company formation, over 90% of e-Residents has used it to register their Estonian company fully online, while it takes as short as 19 minutes to setup a company, and they can manage the company remotely and digitally afterwards.
Estonia is the home of 1.3 millions people located in eastern Europe on the eastern coast of Baltic Sea, bordered by Latvia and Russia, sharing a maritime border with Finland.
The country gained independence in 1991 from former Soviet Union.
|Legal System:||Continental European civil law|
|Time Zone:||UTC +3|
|Official Name:||The Republic of Estonia|
|Company Registry:||RIK e-Business Register|
|Entity:||Private Limited Company (OÜ)|
For foreign investors, the first step to set up a company is to join Estonian e-Residency program, then register your “Private Limited Company” namely “OÜ” in Estonian Language. This is the most common business entity because it is a limited liability legal structure to its owners, keeping your personal assets separated from the business risks.
The entire registration process take place on the internet, you can apply for you e-resident identity, purchase support from the corporate service provider, and register your OÜ anytime.
After the incorporation of your OÜ, Estonia government allows you to handle every statutory maintenance digitally, such as filing annual repors, tax returns, accounting books, and those ongoing secretarial services.
Holding Estonian e-Residency does not confer Estonian tax residency. However, an Estonian company is automatically tax resident in Estonia. Your company must obey Estonian law of corporate tax even if your are holding the company as a holder of Estonia e-Residency. Estonian government has prepared a webpage to explain Estonian corporate taxation for e-residents.
The two most popular banks for e-residents in Estonia are LHV and Swedbank. Unfortunately, non-Estonian citizens are difficult to open accounts in the banks in Estonia (as well as in Latvia). For e-Residents and their OÜ, they are welcomed by the banking corporations in other European countries.
AsiaBC and our overseas partners are experienced in serving worldwide entrepreuners. You are ensured the setup and maintenance of your Estonian OÜ is provided remotely – no travel to Estonia is needed.
|Company formation package in Estonia ||1,600|
|Annual Renewal ||800|
|Accounting (a dormant company)||500|
|Accounting (a company with around 100 transaction per month)||2,500|
|Audit (company with turnover over €12,000,000 per annum)||2,500 up|
|Estonia D-Visa (employment visa)||2,500 up|
Our specialists will touch base with you, and also gift you a FREE Zoom video assessment.