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 — regulation might change, your business might grow faster than expected, and new needs will emerge along the way.
But even accounting for that uncertainty, 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, now that we've talked a bit about the 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 — €1,290)
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:
Legal address and contact person
Accounting services
Invoicing
Contracts and e-Sign
HR and payroll
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 — €60 + €290* | Takes 1–3 business days
*Estonian government fee
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 €50 for the package delivery. You can apply for it on the government website.
Through a Notary — €1,000 + €290* | Takes 2 weeks
*Estonian government fee
The fastest online incorporation through a notary on the market — now faster than before.
Done fully online
Suits entrepreneurs who can't obtain an e-Residency card
Multi-shareholders and board members support
Personal manager support during the process
If you wish to open a company with more than one shareholder, each shareholder will need to participate in the notary process at their place of residence.
Bank Account Opening
After incorporating your company, you'll need a business bank account. While opening an account is free at most banks, banks may charge from €50 to €200 on average for processing your application. Some banks may not open accounts for certain companies depending on the nationality of company owners, so alternative fintech solutions are often a great fit. We can help you find the right option and have prepared a dedicated guide to choosing the most suitable provider.
Maintaining a Company (Recurring Costs)
Each company in Estonia is required to have a virtual office (contact person and legal address). You'll also need to file annual or monthly reports, manage VAT, issue invoices, and more. These services are already included in Enty's subscription plans.
Your company will require a subscription plan starting from €33/month. Please note: if you are starting a new company, a contact person in the country will be required — it's included in all Enty subscription plans (excluding Free).
What's included across all plans
Legal address and contact person
Accounting, VAT and other tax-related issues
Contract creation, AI Contract review, and e-sign
Invoicing and financial management solutions
Hiring and payroll solution
Subscription Plans
All prices shown without VAT. Save 15% by choosing annual billing.
Lite — from €33/month (€396/year)
No Accounting | Virtual office and tools for your business
What's included:
Legal address and contact person
Unlimited customizable invoicing
Create, edit and e-sign contracts
Financial dashboard & AI assistant
Annual Reporting — from €51/month (€612/year)
With Accounting | Suitable for companies without a VAT number
Available in 30 or 60 transactions/year tiers.
Everything from Lite, plus:
Personal manager
Annual reports filing
Payroll report for 1 employee
Yearly 1-hour video consult
Monthly Reporting — from €93/month (€1,116/year)
With Accounting | Suitable for businesses with a VAT number
Available in 15, 30, or 50 transactions/month tiers.
Everything from Lite, plus:
Personal manager
Annual reports filing
Monthly VAT filing
Monthly 1-hour video-call consult
Payroll reporting for 1 employee
E-com & B2B SaaS — from €110/month (€1,320/year)
With Accounting | Great for online sellers, frequent transactions, B2B SaaS
Everything from Lite, plus:
Personal manager
Annual reports filing
Monthly VAT filing
Monthly 1-hour video-call consult
Payroll reporting for 1 employee
Processing of a sales report from one e-com shop
Summary
As you can see, the costs of running a company in Estonia vary based on the incorporation type, the company's needs, and accounting requirements. But these costs are significantly lower compared with other popular jurisdictions.
One-time costs at a glance:
Method | Enty Fee | Gov. Fee | Total | Timeline |
|---|---|---|---|---|
With e-Residency | €60 | €290 | €350 | 1–3 business days |
Through a Notary | €1,000 | €290 | €1,290 | ~2 weeks |
Recurring costs start from €33/month, covering everything you need to operate legally and efficiently in Estonia.
Company maintenance with Enty is straightforward: incorporate your company and choose a suitable subscription. After that, you can manage all your back-office processes from a single company profile.
