Legal advice for starting businessmen: how to register a company (LLC – OÜ) and other questions about business and company formation in Estonia

The experienced lawyers of Kalashnikov Law Office offer consultations on the establishment of a new company (opening and formation of a new company LLC – OÜ), the beginning of business activities and taxation in the Republic of Estonia to starting businessmen and those who are just thinking about starting a business.

The cost of consultation is EUR 50

We will provide you with comprehensive comments and information on the following issues:

• Is it better to open/register FIE or OÜ?
• How to register OÜ via the internet?
• What is the authorized capital? Is it possible to establish a company without authorized capital?
• How to establish OÜ with zero capital. How to pay the authorized capital retroactively.
• What is the difference between a legal name and a trademark of a company?
• Legal address of a company. Can I register a company at my place of residence (at home)?
• Company subject to taxation and non-subject to taxation. What is the difference?
• When there arises the duty to pay the turnover tax?
• Is it worth registering as a turnover tax payer in the first months of the company’s activity?
• Is there a duty to pay taxes immediately after the formation of the company?
• Will there arise the obligation to pay additional taxes over time in the course of the company’s activities, and what are that taxes?
• Is it necessary to sign a contract with an accountant at the initial stages of business development? Is it possible to do the bookkeeping yourself?
• What is the difference between a unitholder and a member of the board of a company?
• What are the ways to register a new company?
• What are the advantages of buying a ready-made company with formed authorized capital?

We will help you to form a new company correctly in accordance with the Commercial code and other legislation of the Republic of Estonia.

Our lawyers will perform all operations and actions necessary for the successful establishment of a new company in your presence:

• Competently make all necessary constituent documents for your company
• Fill out an application for formation of a new company through the company registration portal
• Will make the legal correct Articles of Association of the established company
• Will help you to choose a suitable field of activity for your company from the EMTAK classifier
• Will help to pay the state duty correctly and submit the application to the register department of the court.

Attention! For the successful formation of the company through the company registration portal, it is necessary to have a valid ID-card with PIN-1 and PIN-2 passwords for all prospective unitholders and members of the board of the company, as well as the presence of EUR 190 in the bank account to pay the state fee.

CONTACT US:

Our address: Peterburi tee 47, 11415, Tallinn
Telephone: (+372) 677 55 44
E-mail: klienditugi@kalashnikov.ee

Advantages of company formation in Estonia

Our partners and potential clients often ask why foreign investors are interested in your country? Why do more and more businessmen from Russia, CIS countries or the Customs Union countries choose Estonia as the starting point for expanding their business to the European Union? What are the main advantages of Estonian jurisdiction?

There are many advantages of formation company in Estonia. Often, Estonian jurisdiction can be a great tool to optimize your business.

In addition to the opportunity for a Russian-speaking investor to get most of the services necessary for life and business in Russian, the advantages of registering or buying a company in Estonia are:

• Low taxation rates. Retained earnings are not taxed.
• The authorized capital starts from 2500 EUR, the purchase of a ready-made company can be made within one working day.
• There can be at least one owner and one board member. Owners and board members can be 100% foreigners.
• The company is easy to establish, change, transform and liquidate. Amendments to the commercial register can be made via the internet.
• Low maintenance costs, clear and simple Commercial code and accounting rules.
• Developed internet banking, the ability to manage the company’s accounts in Estonia from anywhere in the world. Possibility to obtain loans from local banks.
• Registration of business visas for a long stay in the territory of the member states of the Schengen Agreement.
• The possibility of obtaining both temporary and permanent residence permits in Estonia and the EU for the owners and management of the company and their families.
• The possibility of buying a vehicle for the company, the return of turnover tax, no transport tax and duty on the purchase of a car.
• The ability to establish a company or make a deal of purchase and sale of the company by attorney.

Estonia currently offers one of the most liberal and modern tax systems in the world, where the level of bureaucracy is reduced to a minimum. A company registered in Estonia is subject to the following taxes:

• Income tax for legal persons (tax on retained earnings) – 0 %
• Dividends tax (distributed income tax) – 21/79
• Income tax for private persons – 20 %
• Turnover tax KMKR / VAT – 20 %
• Social tax – 33 %
• Unemployment insurance tax (for employer) – 0,8 %
• Unemployment insurance tax (for employee) – 1,6 %

You can apply for registration or purchase of a ready-made company in Estonia by filling out the appropriate form on our website – we will contact you within one working day.

Additional information by telephone: +372 677 5544 or e-mail klienditugi@kalashnikov.ee