The costs of running a company in Estonia
If you are thinking about opening a company, it's vital to understand which administrative and other costs you will face throughout the lifecycle of your legal entity. Sure, there is no way to count all possible costs as there might be some unpredictable things, regulation might change and you could find a "gold mine" that will require your company to hire 1000 employees (which is about 0.07% of the Estonian population).
But even without gold mines, it's difficult to find a better jurisdiction to incorporate a company than Estonia. The first reason for such attractiveness has to do with taxes — Estonia is the only EU member to offer an absolute 0% corporate tax on retained or reinvested profits and at the same time, Estonia isn't an offshore jurisdiction.
Given that this statement is often misunderstood by our clients and might be misinterpreted by some companies operating in the incorporation field, we ask you to notice that 0% corporate tax on retained or reinvested profits doesn't mean that you won't pay taxes as some of our competitors claim (so yeah if you heard it from someone, please keep in mind that some other promises or advices might not be 100% correct or honest as well).
So, now that we've talked a bit about benefits, let's get back to actual costs. Please notice that in this article we will focus on costs with Enty.
Two Categories of Costs
We divide all costs into two categories: one-time costs associated with incorporation and recurring costs while operating the company.
One-time Costs
Company incorporation (€350 — €1090)
e-Residency application and delivery (€150): €100 for the card, and €50 for delivery
Bank account opening (processing of an application by banks) (from €0 to €100)
Recurring Costs
Several Services Under a Single Subscription:
Contact Person
Accounting Services
Invoices Creation
Contracts and e-Sign
HR
Opening a Company (One-Time Costs)
No matter how you decide to open your company, the first cost that will arise is the state incorporation fee of €290, which is included in the incorporation fee with us. However, there are 2 ways how you can open a company with enty:
With e-Residency (€350)
Open a company fully online;
For those who have already obtained an e-Residency card;
Each shareholder and Director must have an e-residency card;
We do not charge anything for the assistance with obtaining your card, however, there is a government fee of €100 and an additional €20 for the package delivery. You can apply for it on the government website.
With Notary Service (€1090) (Without e-Residency)
Incorporation via Power of Attorney;
To open a company you will need to visit a notary office at your place of residence with a documents package that we will send to you (Statement, Power of Attorney + your ID or International Passport);
If you wish to open a company with more than one shareholder, you will need to ask each person to go to the notary at their place of residence as well. (+€100 each)
The translation is included only for the notary certification. If an additional translation is required, we will bill you separately.
Another one-time cost that will appear after incorporating a company is a bank account opening. If opening a bank account itself is free in most banks, while banks might charge from €50 to €200 on average for processing your application. As some banks may not open a bank account for some companies due to the nationality of company owners.
So it might lead you to open an alternative business account in alternative institutions. The cost will depend on your needs and data, in order to ease up the process for you, we have launched a solution that will help you make the right choice and will be able to consult you on a suitable solution as well. Outside of that, we prepared an article to help you choose the most suitable fintech provider for your company.
Maintaining a Company (Recurring Costs)
Each company in Estonia is obliged to have a Virtual office (contact person and legal address). Also, you'll have to file annual or monthly reports, obtain a VAT number, get OSS, IBAN, issue invoices and much more. These services of company maintenance are already included in our single subscription.
Lite subscription starts from €33 / month and gives you full access to our services except for accounting
Standard subscription starts from €51 / month and provides you with annual reporting
Pro subscription starts from €93 / month and gives you access to monthly reporting
E-commerce subscription starts from €110 / month and provides your company with special accounting for e-commerce businesses
The final price depends on the number of needed documents and type of business
Let's explore what is included in each subscription
Control Panel — One Subscription for Company Management
Enty provides an all-in-one service that simplifies company back-office management for businesses in Estonia and around the world. By consolidating essential business tools and services into one platform, Enty enables entrepreneurs to focus on growth while automating administrative tasks. The subscriptions are structured to cater to varying business needs, from startups to established enterprises, ensuring cost-effectiveness and compliance with Estonian regulations. Our plans include a range of features tailored to meet the needs of entrepreneurs and companies at different stages of growth. Here’s a breakdown.
Starter Subscription (Free)
Ideal for startups and small businesses looking for essential services. This will include:
Virtual Office & Contact Person: Receive official correspondence and fulfill Estonia’s local contact requirements.
Finances: open a bank account remotely and connect it with Enty. Generate bank statements and track financial activity in one dashboard.
Invoicing: create, store, and send unlimited invoices. Automate payment reminders and add online payment options to invoices for faster payments, and even sync invoices with accounting reports.
Contracts & E-Signatures: draft and store contracts without using templates. Email agreements and store counterparty details. But also, utilize e-signature features for secure and speedy document signing.
Essential Plan: Balance Simplicity and Capability
The Essential Plan is designed for businesses that need more advanced tools for managing contracts, financial reporting, and invoicing while retaining the simplicity of the Starter Plan. This plan includes everything from Starter, as well as:
Advanced Reporting Tools: Generate Profit & Loss (P&L) statements, cash flow reports, and accounting exports on demand, giving you greater insight into your finances anytime.
Contract Management: Create, edit, and e-sign contracts directly in the platform for hassle-free legal workflows.
Transaction Reconciliation: Link documents to transactions effortlessly, helping you maintain organized records and stay audit-ready.
Customizable Invoicing: Enjoy unlimited invoicing with the ability to tailor designs and payment terms to fit your business needs.
This plan bridges the gap between essential back-office tasks and enhanced operational efficiency.
Back-Office Maestro Subscription: Your Business, Your Rules
The Back-Office Maestro Subscription is a premium offering tailored to businesses looking for a fully automated, professional-grade back-office experience. It offers unparalleled flexibility and hands-on support:
Comprehensive Accounting Services: From bookkeeping to detailed financial statements, all accounting needs are expertly handled.
Payroll Management: Streamline payroll calculations, tax compliance, and reporting for your team.
Bespoke Back-Office Automations: Custom-built solutions tailored to the specific requirements of your business or industry.
Legal Support: Access expert guidance on contracts, compliance, and other legal matters to ensure your business stays secure.
Custom Features & Services: Beyond the core offerings, this subscription can include additional tailored solutions. Simply contact Enty to discuss your unique needs.
With the Back-Office Maestro Subscription, your business gets more than just tools—it gains a strategic partner to drive operational excellence.
Estonia stands out as a global leader in digital innovation and business-friendly practices. Its e-Residency program allows entrepreneurs from anywhere in the world to establish and manage a company remotely, offering unmatched convenience and efficiency. With advanced digital tools like the Estonian ID-card, Smart ID, and Mobile-ID, running a business has never been so seamless.
The process is fully online, taking as little as 1–3 business days for e-Residents, or accessible through a notary for non-e-Residents. Estonia supports businesses of all sizes, enabling multi-shareholder and board member structures and providing personal manager assistance during company registration. Additionally, entrepreneurs benefit from tax efficiency, robust digital infrastructure, and access to the European Union market.
As you may see, the costs of running a company in Estonia vary highly based on the incorporation type, company needs, and accounting requirements. But needed to be mentioned, that these costs are muuuch less compared with other popular jurisdictions.
Recently, we conducted a large-scale study comparing Estonia with the other 5 countries on the matter of company incorporation. Plunge in and explore how much you would spend on opening and maintenance in other places.
Company maintenance with Enty is quite simple: incorporate a company and choose a suitable subscription. After that, you can manage your back-office processes from a single company profile. Easy as that!
Now you can subscribe to our free plan to explore the platform and choose the most suitable subscription
