Incorporate and manage your business in Estonia with e-residency!
With e-residency expanding we thought to share once again how e-residency can be used to start and run a company digitally - now you can also pick up your e-Residency kit in São Paulo, Bangkok, Johannesburg or Singapore. Other pickup locations can be found here: https://e-resident.gov.ee/pick-up-locations/ .
The 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.
1. 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.
2. It is probable that when your business evolves, you need to add more shareholders, sell your share, split the existing share, issue new share etc. These kind of transactions can be done online or at a notary or using the e-notary. Once again, we can help with everything related to these transactions.
3. When starting your business, you need to understand the taxes and also you need to do banking. Accounting is also important.
There are numerous consultancy companies specializing on taxes and accountancy and we encourage to do some research there before opting for costly monthly subscriptions of the traditional service providers. On many occasions you can also collect your invoices yourself or use accountancy programmes like Briox or Merit Tarkvara. When you do need an accountant, a professional accountancy company is not expensive and will provide a quality service - we can surely recommend a few.
There are many fintech solutions for banking like Holvi, Transferwise, Paysera etc that also except e-residency companies.
4. 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.
If you have any questions feel free to get in touch via our website, chat or email (question@expatlegalestonia.com )