Ever thought of becoming an entrepreneur? The good news is that in Estonia it is particularly easy. In fact, holders of an Estonian ID card or e-Residency card (and ID card holders of a number of EU member states) can establish a Private Limited Company fully online.
You will need to have an answer for the following questions:
What will be the company’s business name? You could consult the e-Business Register to see if the name you have chosen is available.
What will your initial area of activity be? Please search system for EMTAK fields of activities.
Who are the shareholders?
How large are the partner’s share capital contributions? Total share capital must be at least 2500 EUR for a Private Limited Company.
What will be the legal address of the company? Your company needs to have an Estonian address.
How will the management of the private limited company take place?
In addition, you will have to pay 190 EUR for the state registration fee. This can later be recognized as a business expense as the costs of establishing the Private Limited Company. When it comes to the share capital, in Estonia a Private Limited Company can be established without contributing the share capital! The share capital in this case will be formed by the liabilities of the founders in the amount of the sum the founders promised to provide as share capital contribution.
You can register a private limited company electronically at the Company Registration Portal of the e-Business Register. You will only need the technical equipment for electronic registration (ID-card and ID-card reader).