Frequently Asked Questions
What is Estonian E-Residency?
E-Residency is your digital identity and enables you to open and manage Estonian company – 100% online. It’s a perfect solution to minimise costs and bureaucracy of running a business.
Start Your New Company?
If you have enough information and you’re now ready to incorporate your Estonian company, get in touch with us and we’ll gladly guide you through the whole process.
FAQs of Estonian E-Residents
We have collected the most popular questions that Estonian E-Residents have asked in the Facebook community. These in-depth answers should give you a clear picture of what E-Residency is all about – and also what it’s not.
To open the company, you need to pay the state fee of 190€ — this is the same amount everybody pays in Estonia for establishing the company. Additional fees may apply dependent on how much help you need during the establishment process.
You don’t need a personal address. Your company, however, has to have a legal address in Estonia. For this purpose we have a Virtual Office service. From Januari 2018, you also need to have a contact person in Estonia (service provider).
It’s usually 4-6 weeks.
Once you have the e-residency card, you can do it in 30 minutes.
This depends heavily on the business that you do. Our Micro Company package starts from 67€ and includes basic bookkeeping.
Currently, you still need to travel to Estonia for identification, if you want to open an account in Estonia. It’s not easy though, as if the business has no connection to Estonia, then banks may decline to open an account for you. You can open an account in your own country (for the company) or use Fintech companies, such as Transferwise Borderless, Holvi, Paysera, Payoneer, Revolut, Moneta International etc.
Estonian company does not have a traditional income tax. 20% tax is paid when you take money out of the company as dividends. Salary taxes are paid according to the rules of the country where you’re a tax resident in. VAT rate is 20%.
We can help you with company incorporation, accounting, tax & legal, business advisory, licensing, virtual office & contact person services. Everything you need to run your e-Residency company.
You can do all kinds of businesses, it doesn’t really matter. It’s just setting up a business like everywhere else.
Apply for the e-residency card. Once you have it, get in touch with us and we’ll help you to establish the company online. NB! Make sure you are ready to hustle & grind to build a start up!