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Company Formation in Estonia

Updated on Tuesday 12th March 2019

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BridgeWest offers you the following services:

- drawing up the articles of association that can be signed through power of attorney (Estonian laws require powers of attorney for any public notary proceedings);

- drawing up documents for company incorporation in Estonia: specimen signatures, passport copies, application forms required for company registration;

- arranging public notary proceedings (all procedures for company incorporation are done in front of an Estonian public notary);

- providing a registered office in Estonia on demand; the registered office serves as headquarters for the company in Estonia and it will be made public;

- setting up a bank account for the company in Estonia; BridgeWest will help in setting up the share capital bank account, as well as a current bank account once the company is incorporated.

- recommending an Estonian accountant, as accounting services are needed for new businesses in Estonia.
 

Types of companies in Estonia



1. Osaühing (OÜ - private limited company)

The Estonian private limited company can be owned by one or more shareholders and it is required to have a director. The minimum amount to start a private limited company is 2,550 euros and the minimum nominal value of a share must be 1 euro. The Estonian private limited company must have a management board formed by Estonian residents, although management board members do not need to be shareholders and it is also required to have a registered office.

2. Aktsiaselts (AS - public limited company)

A legal or natural person is the minimum required to start a public limited company in Estonia. It needs a public share capital of 25,500 euros with a minimum nominal share value of 1 euro. It is also required to have a management and supervisory board and a registered office. The public company’s shares must be registered in the Estonian Central Register of Securities.

3. Estonian Branch, Subsidiary and Representative Office

Foreign companies are allowed to set up separate enterprises from the parent company, where the foreign company will be a shareholder in an Estonian company. Foreign companies can also open extensions of the parent company in Estonia.
Documents required for company incorporation in Estonia

- the memorandum and articles of association;

- the desired name for the company;

- the business activity;

- in case the shareholder is a legal entity, a certificate of good standing from the Trade Register in the country of origin of the shareholder is required;

- certificate from the bank as a proof that the minimum share capital has been deposited.
 

Taxation in Estonia


The corporate tax in Estonia is set at 21%.

In Estonia, the standard VAT rate is 20 %, but a reduced rate of 9 % and a zero percent rate apply for some good and services.

Undistributed profits are not taxed in Estonia, but a 21% rate applies to gross dividends.

BridgeWest is also able to offer ready-made Estonian companies and VAT registration.

Please contact us for more information and prices for opening a company in Estonia.

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