Immigration quota almost full
The Police and Border Guard have released a press release according to which applications for residence permits for the next year are already three quarters of the available quota (1315 in total). When applying after the quota has been reached, the application will be declined. The quota does not affect EU citizens or citizens of Japan and USA. Also the IT sector (i.e start-ups), highly skilled specialists, large investors or people settling with their family members. Thera a
Temporary residence permit based on business in Estonia
We have talked about how easy it is to open and run a business in Estonia but we also need to explain the requirements and the link between opening a company and possibly applying for a residence permit. There are 3 possibilities and each one of them had their restrictions as well as opportunities. 1. As a major investor Temporary residence permit granted to a major investor is a residence permit for conducting business, the purpose of which is to encourage investments in suc
Waiting for E-residency 2.0
E-residency has been a successful project in transforming how to do business - you are not confined to your national borders anymore. The benefits of doing business via e-residency obviously do not work for everyone but we are excited to see what the next phase - e-residency 2.0 - will bring and what kind of new business opportunities will be available. Before that, it is useful to recap what we have today - what are the opportunities to open or start your business using an E
Companies in Estonia can operate without a bank account in Estonia
Estonia’s Parliament an amendment to the country’s Commercial Code to remove the requirement that limited companies must use an Estonian bank account when registering share capital. From January 2019, they can instead use a ‘credit or payment institution in the European Economic Area’ for this. This change means that all limited Estonian companies can conduct all their business activity using any business account for their company from across the Europe Economic Area for the
Business license for providing trust and company services
Expat Legal Estonia has acquired (license nr FIU000285) a license to provide trust and company services in Estonia that include the popular contact person and address service or in other words virtual office service. We are offering the virtual office service for the price of 100 euros per year. This includes free 15 minute consultation on corporate issues regarding your business as well as 10% off from any other legal consultation you may require. In addition we will of cour