Incorporate a Company in Estonia Online

Opening a company in Estonia with Enty costs €350 with e-Residency and €790 through a notary (the gov fee of €290 is included in both prices). Please notice that the issuance of an e-Residency card itself costs €120 (charged by the Estonian government).

Assistance with bank account opening is included in our subscriptions. However, some banks might charge you extra (from €0 to €100) for the processing of your application. At the same time, please keep in mind that some corporate services from the side of the government might require gov fees. That’s all for the one-time costs for company opening.

There are also recurring costs — firstly, each company is required to have a legal address and a contact person in Estonia (both are included in our subscriptions). Other recurring costs are quite individual.

Enty allows you to take care of accounting, invoicing, and other corporate issues. Our subscriptions start from just €25. Let’s try Enty! Also, explore our article about the costs of running a company in Estonia.

Incorporation with e-Residency takes just 1-2 business days, and if you have chosen the incorporation through a notary, we might need around 1-2 weeks to complete the process. Here is a detailed guide on how the process of company incorporation looks like

Yes! Estonia allows foreigners to incorporate their company fully remotely through a notary service or online with an e-residency card. However, to open and maintain a company in Estonia, you are obliged to have a virtual office and a contact person unless you are planning to have your own physical office in Estonia. Enty will provide you with a Virtual office in all our subscriptions starting from Lite.

E-Residency is a government-issued digital ID card providing online access to Estonian e-gov services and the business environment. Note that e-Residency gives you no right to get permanent citizenship, tax residency, or any right of entry or travel to Estonia or the EU. However, e-Residency allows to easily sign documents digitally, conduct secure e-banking, and declare Estonian taxes fully online.

Furthermore, it’s much easier, cheaper, and more convenient for you to open your company with e-Residency because everything can be done online through an e-business registry within 1-3 days. 

Explore our complete article about Estonian e-Residency

Yes, each shareholder and Director must have an e-Residency to open a company. Otherwise, you should consider company incorporation without e-Residency or ask your shareholders to acquire one. There’s an opportunity to open a company by yourself and add new shareholders for an extra charge later.

When submitting documents to a notary in Estonia, we will have to prove that the company exists, the directors have the signature authority, there are no restrictions in the Articles of Association for a subsidiary company registration.

We will need a set of documents including the Power of Attorney from the side of the holding company, and some documents from its directors. These documents should be certified by a notary and apostilled.

In order to finish the incorporation, the €2500 share capital must be fully contributed. Note that we will need the bank statement to confirm this fact.

The price for the incorporation by a legal entity is €1490.

The share capital can be paid up within 10 years after the incorporation, however, it is very common to contribute it during the first year after the company’s creation. And yes, you are allowed to use it for your corporate needs. Here you can find more details about the share capital of your company.

Unfortunately, you are not allowed to use the existing bank accounts of a person for your Estonian company.

There are two requirements for a corporate bank account:

• it should be opened at one of the EEA banks or payment institutions;
• it should be opened under the name of the company.

You can pick the most suitable fintech provider and quickly get the IBAN number on your own after answering 5 simple questions on this webpage. Or you can always describe to us your needs and we will help you to make the right choice.

If your billing address is in the EU, 20% VAT will be added to the price of your services.

Your company isn’t obliged to register as a VAT payer until it exceeds the annual turnover limit of €40 000 (in the case of exceeding, you will have to obtain a VAT number within 2 days). However, if you are planning to buy and sell goods or services inside the EU, it might be necessary to obtain a VAT number from the start.
Please note that monthly accounting is required if you have a VAT number.

Regarding the matter, it is always better to speak to our accountant. You can also read more about VAT here or figure out whether obtaining VAT is required or may benefit your company by checking out our VAT quiz here. We help you to get a VAT number in all our subscriptions starting from Lite.

If you need legal advice, you can always book a call with our Legal Officer at an hourly rate of €70 depending on the complexity of your request. Please make sure to prepare the list of the questions you want to ask in advance to use the time for the consultation effectively.