Our services
Estonian is #3 in Europe in the number of startups per capita. Establishing a company in Estonia can be done fully online in just a few hours and from almost anywhere in the world. The most common forms of business entities in Estonia are private limited company (OÜ) and public limited company (AS).
Estonian is #3 in Europe in the number of startups per capita. Establishing a company in Estonia can be done fully online in just a few hours and from almost anywhere in the world. The most common forms of business entities in Estonia are private limited company (OÜ) and public limited company (AS).
OPENING A COMPANY IN ESTONIA (private limited/OÜ)
Some useful and supportive facts why to start a business in Estonia:
- In Estonia can be shareholder and/or Director (Member of the Board) any foreigner.
- Time effective transactions – your presence can be limited only by 1 day. Please note, after submitting a petition to the Commercial Register it may take up to 5 working days until the company will be registered.
- A company can perform several types of business activities at the same time.
- The company can be registered and business started without making share capital contribution. However – share capital must be contributed within 10 years and/or after submitting an annual report and before shareholders decide to distribute dividends.
- The Estonian company may not have employees
- Cost effective maintenance of the idle company (less than 1000 € for non residents, less than 200 € for residents)
We take care of the following incorporation transactions and formation of documents:
- Memorandum of Association
- Articles of Assosiation
- Resolutions of shareholders
- Translation, veryfication and apostille of documents
- Application to Center of Registers and Information Systems
- Appointment arrangements at the notary’s office
- Providing instructions of proceedings related to opening company, transferring shares to other shareholders
personal visit required. All prices includes: notary’s fees, state fees.
- 600 € for company without share capital contribution or
- 800 € for the company with share capital contribution
- 240 € – company’s legal address service , annual payment (price includes VAT 20%)
- 240 € – contact person service annual payment (price includes VAT 20%)
- 150 € for translation service, verification and apostille
- 60 – 120 € delivery costs by courier.
Power of Attorney required. Costs involved-
- 600 € for company without share capital contribution or
- 800 € for the company with share capital contribution
These prices include the following: notary’s fees, state fees.
OPTIONAL COSTS
- 240 € – company’s legal address service , annual payment (price includes VAT 20%)
- 240 € – contact person service annual payment (price includes VAT 20%)
- 150 € for translation service, veryfication and apostille
- 60 – 120 € delivery costs by courier
Digitally signing ability requested, NO Power of Attorney, NO visa arrangements.
How to apply for e-Residency card, please follow the link.
You will become shareholder of the company, where share capital contribution has been made and you never need to think about it any more. Our companies have been inactive.
COSTS INVOLVED:
- 250 € for company without share capital contribution (includes state fee 190 €) or
- 350 € for the company with share capital contribution (includes state fee 145 €)
OPTIONAL COSTS
- 240 € – company’s legal address service , annual payment (price includes VAT 20%)
- 240 € – contact person service annual payment (price includes VAT 20%)
COSTS INVOLVED:
- 60 € (price includes VAT)
OPTIONAL COSTS
- 240 € – company’s legal address service , annual payment (price includes VAT 20%)
- 240 € – contact person service annual payment (price includes VAT 20%)
ACCOUNTING SERVICES
We are using the best accounting program in Estonia, which makes our workload as low as possible for our customers benefit.
- We have a great experience for offering good and safe strategies for more complicated businesses.
Our accounting services include the following:
- Accounting service
- Tax accounting
- Payroll accounting
- Reporting to Tax and Customs Board
- Annual reporting to Centre of Registers and Information Systems
- Statistics reporting to Statistics Estonia
Prices start from 60 € an hour (approximately filing 50 documents and tax reporting).
We also charge customers for accounting program expenses annually 15 €.
What makes price for accounting service optimal:
- Receiving monthly documents in time (during first 7 days every month) for VAT registered companies
- Receiving complete set of monthly documents
- An accountant has an electronical access to the bank (optional)
- An accountant has an electronical access to Tax and Customs Board
- An accountant has an electronical access to Center of Registers and Information Systems
- An accountant has an electronical access to Statistics Estonia
Licensed Legal address SERVICES
According to Estonian Commercial Code, any business registered in Estonia must have a registered office in Estonia.
We also provide address services for your company. We will forward all of your letters sent to our address over e-mail. We will keep the letters and the packages received in our address for you and can be forward to you by mail or with a courier if necessary. Even you can pick up your letters or packages addressed to you from our office any time without any additional charge.
- Address Service 240€/year (price includes VAT 20%).
- Forward your letters and parcels will cost you according to the Mail service providers charge or courier service providers charge.
Licensed contact person SERVICES
According to Estonian Commercial Code, any business registered in Estonia must have a contact person in Estonia. If all members of your management board are located outside Estonia you are obliged to appoint a contact person. Celestis is a licensed service provider company and can therefor legally provide this service to your company.
We also provide contact person services for your company.
- Contact Person Service 240€/year (price includes VAT 20%).
- One Estonian Mobile number.
VAT registration SERVICES
Estonia is one of the few countries where there is no corporate income tax on retained and reinvested profits – meaning the money you use for innovating and a relatively low (14 – 20%) income tax on distributed profits. It is also one of the few countries where taxes can be declared fully online.
There are several services that required VAT registration. And we can help you to get your VAT registration.