Starting a company in Estonia is quite straightforward. In this article you will find all the necessary information on how to choose the right legal entity, file for business registration, pick your corporate name and address, as well as how to incorporate your company in Estonia. With about 20 different types of companies available, you should be able to find one that suits your needs. To understand more about how to form a company in Estonia and which entity is suitable for you read further.
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Company incorporation process in Estonia
The process of incorporation is the first step in setting up a business. In Estonia, this process is run by the Estonian Business Authority (EBA). All initial steps in starting a business have to be completed with the help of a registered company formation agent. The first thing you should do is decide on the legal form of the company you wish to establish. To do that, you first need to understand the nature of your business and the type of assets you will be using.
Which business entity is right for you?
To start a business in Estonia, you first need to decide what type of entity you want to set up. The most commonly used legal forms are limited liability companies, limited partnerships and general partnerships. Which type of business entity is right for you will depend on the kind of business you want to start, the amount of money you will be investing and the type of ownership you want.
Steps to register a company in Estonia
Once you have decided on the type of legal entity and have made your business plan, it’s time to register your Estonian company. First, you need to choose a name for your business. The name of the company must be in Estonian, have no more than 15 letters and cannot contain any punctuation marks. Once you have chosen a name, you need to check for availability.
- Estonian company name database: If you want, you can order a company name check from EBA. The service is free and will let you know whether the name you chose is available.
- Company name search engine: Alternatively, there are companies that offer a service that will check the availability of a name for you and then register the company on your behalf.
- Estonian business name register: If you go the extra mile and do a thorough name search, you also need to make sure that the name you want is not already registered in the business name register.
Once you have gone through all of the above steps, you should have a fully registered Estonian company. Once you have established your business, you will be able to apply for an E-Tax account, which is a digital system used to report taxes and record your expenses. You will also be able to apply for an ID code, which you will need if you want to establish a bank account for your company. What’s important is that you choose the right type of company for your business and that you do your research before filing for incorporation. If you do this, you should be able to easily incorporate a company in Estonia and start your business.
Eesti Firma is a team of experienced advisers and experts in the field of commercial law and accounting. https://www.eestifirma.ee/en/