Surely you want to know how to open your business here in Estonia, payless taxes, or have more ease in managing your company. I am going to explain you step by step how you can do it and what are the advantages to open a company here in Estonia. In Estonia you can start your business totally remote as an e-resident from anywhere in the world and 100% digital.
In case you didn’t know Estonia was in the Guinness Book of Records by the ease it gives you to open your business that you can open in just 18 minutes. But obviously you can’t start your business so fast despite that the government makes everything easier for you, it will take a few hours to complete all the information in thegovernment page and open your business here in Estonia.
When you start the process the first thing you’re going to need and you’re going to want to know is to enter the Estonian government website for businesses. It is a specific portal where are you going to be able to enter the whole documentation and start the process of registration of your company in the country.
The first step will be to register the name of your company in the country and it is very important that you only use latin letters and do not use any type of other character that is not accepted to register your company in the country.
The majority of e-residents who end up opening the business here in the country end choosing Estonia because apart from being very easy to open your company, it is much cheaper to administer it. Taxes here are much lower and monthly costs of managing the business are also more accessible. For this reason, 90% of e-residents who live here, hire digital providers, because it is a much easier way to manage your business. You will also find the government page, where you can start registering your company and start the process. I also indicate that you read a little more on the matter and that you look at the other available videos that are in the Estonian government’s own portal for businesses.
The type of business entity most common in Estonia and most registered and the one that e-residents most use when registering their company here in Estonia are the limited companies or better known as OÜ – the type of company that is registered most here and what is the most convenient for those who want to register their company digitally from outside of Estonia. Of course there are other types of business entities that can be registered here, but the most common and the one that best serves all the needs of all entrepreneurs, is the one that I just mentioned.
When you are ready to register your business in the portal I also recommend that you contact digital providers here in Estonia – they are going to help you to open a company in Estonia and they will advise you in the best possible way for you to have a full record without any problems.
Remember something very important – before registering your company you need one address in the country and that you are already registered as a digital citizen and have the digital package, because at some point when you are registering your company you will need access to your digital data to finalize or conclude the registration of your company.
During the registration of your company you are going to answer a series of business related questions
You will see a series of questions related to your company that you will have to complete to finish the process.
The minimum capital you need to open your business is 2,500 euros. You don’t need to pay the 2500 euros to the government, it is not a type of fee or some type of cost that are you going to have. It is 2500 euros that you have to have available and what you will be able to invest in equipment, computer, table, anything you need to run your business, but it’s 2,500 euros that you are going to need in order to register your company and start your business.
If you have any kind of doubt or additional question here is an email, that I want to leave it here on the screen so you can communicate and send all the doubts you want. They respond in English: [email protected]. Any kind of doubt in registering your business – send to them, communicate. They are going to help you because the country has the doors open for you to start your business here in Estonia.