Thinking of going into business? Here are 4 ways to start a company in Estonia
Are you interested in starting a business but not sure how to make the first steps? Building up a company could be hassle-free, especially in one of the world’s most economy-friendly country.
In this blog article, we would like to introduce every possible way to start a company in Estonia.
Starting a business could be challenging as it’s time-consuming and requires responsible efforts. We believe the process of company formation not to be critical; however, it’s all about finding the right approach. Every successful business begins with accurate decisions and thrives in a beneficial business environment. And in this way, Estonia is one of the most favourable places for starting a company, offering nearly unlimited commercial opportunities for doing business.
There should be no doubts regarding the advantage of having business in Estonia — advanced fintech and business-friendly economy provide many promising opportunities. However, if there are still some left, look at this article introducing the Estonian market’s main benefits.
In the meantime, let’s get down to business and consider ways of company registration in Estonia:
• Company registration with an e-Residency card
• Formation of a company by the power of attorney
• Setting up a business by a visit
And last but not least by its sustainability:
• An obtaining of a ready-made company
At this point, you can choose the way of most interest and scroll down to its interpretation.
Company registration remotely with e-Residency
E-Residency is a state-issued digital identity providing access to Estonian e-government services and EU business environment for non-citizens. This innovative programme allows every willing to establish and manage an EU-based company 100% online.
Steps to undertake in order to set up a business using e-Residency:
Establishing a company using an e-Resident card provides an entrepreneur with absolute freedom and promptly makes him a part of the Estonian business environment. Our company is happy to consult every individual who is willing to obtain an e-Residence card.
Company formation by the power of attorney
As it is a requirement to have a legal address and a contact person in Estonia in order to start a company, the second option is to open a company by proxy.
The process includes:
- Finding a legal address and an Estonian contact person
- Submitting all necessary documents in the Estonian language
- Paying the state fee of 145 EUR.
Same as with an e-Resident card, it is not required for an entrepreneur to be present in Estonia when registering a business with mediators’ help.
Many businesses in Estonia delivering their services of opening a company by power of attorney. Our company is looking forward to being your company representative at an early stage.
You find more information about that service on our website.
Visiting Estonia to start a company
Coming to Estonia is the fastest way to register a company. That is a standard procedure requiring preparedness of documentation before attending a notary. Upon arrival, you need to possess all the information about your company and fill in the documents required by a notary, which usually amounts to 100 EUR. The state fee is 145 EUR, the same as with the formation of the company by proxy.
Be aware that it is possible to establish a company in one day only if a company has already got a legal address and a contact person in Estonia. That is likely to be achieved with recourse to the services of a company specialising in business development.
Before visiting Estonia in person, our company request the following information:
• Planned date of visit
• Desired company name
• Type of activity of the company
• Data of the Owners/Beneficiaries of the company (passport photo, email, telephone, residence address,
• Data of Directors of the company (passport photo, email, telephone, residence address, marital status)
By providing the above-mentioned information before arrival, you can speed up the process and start up a business in the best possible time.
Company in Estonia OÜ can help you set up a company in Estonia by visiting our country just for 1 day. More information here.
Purchasing of an existing Estonian company
The last available option is obtaining a ready-made company. Such businesses are inactive corporate organisations that have passed the state registration and have all the necessary details to implement their activities.
Purchasing a ready-made/shelf company should be a well-considered decision in order to protect oneself from unreasonable risks. Nonetheless, obtaining an already registered company has certain benefits. Among which:
• completed process of registration
• appearance of trustworthiness
• established reputation
IMPORTANT! The ready-made/shelf companies listed do not have bank accounts or VAT numbers. All corporate accounts have been closed by their previous owners.
Our professionals can assist you if you decide to purchase an existing Estonian company.
So far, there are 4 possible ways to register a company in the Estonian market. Company in Estonia OÜ is certain whatever option you are going for, the Estonian business environment welcomes your company and provides the most favourable conditions for growing your business. For our part, we ensure a smooth and promising start for your company.
More information regarding all 4 options for company registration and additional services available on our website:
