Estonian company - a chance for UK citizens to access the EU market and potentially residency
With the UK leaving the EU, for many the access to EU market and also EU residency and travel rights has become a critical issue. Opening a company in Estonia gives access to fast and efficient digital services, great tax environment (profits are not taxed) and running your business can also be a basis to apply for a residence permit or a long-term visa.
The Estonian e-residency programme offers a great solution for running your company online and location independently - you can find out more and apply for e-residency here:
A digital e-residency card makes it easy to incorporate and manage your company online. Even if you choose other options (described below) to incorporate, you can still take advantage of a good business climate and the fact that profit is not taxed in Estonia (for companies).
Some of the examples of running a company remotely include consultancy, software development, tourism, financial services like managing a private fund, selling handmade furniture online, insurance services and more.
Company in Estonia can be founded online (with an e-residency card or a residence permit card) or at a notary. For the notary visit you need to bring your passport or if you would like someone else to do it, you need to send a power of attorney from your country of residence - with an apostille and translation to English (accompanied with an apostille as well). If the founder is a company, additional requirements such as business registry excerpt, articles of association etc apply.
Expat Legal Estonia has advised in all kinds of business incorporation - simple and more complicated. We will make sure you know all the compliance regulations beforehand (such as possible license requirement or an obligation of economic activity notification). We also offer the necessary contact person and address service for 100 euros per year, together with incorporation our fee is 290 euros which also includes the state fee.
For banking there are many fintech solutions for banking like Wise, Paysera, Revolut etc that also except e-residency companies.
Lastly, running your company can also be a gateway to a physical residency - applying for a residence permit (or visa) can be considered based on investment or employment in your own company. IT businesses can potentially benefit from our Startup programme: https://startupestonia.ee/about
If you have any questions feel free to get in touch via our website, chat or email (firstname.lastname@example.org )