How much does it cost to open and manage a company in Estonia?

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.

How long does it take to open 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.

Can a foreigner open a company in Estonia?

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.

What is e-Residency? Can I travel to Estonia with an e-Residency?

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.

Are other shareholders required to get their e-Residency as well?

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.

What documents will be needed to incorporate a company by a legal entity?

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.

When do I become required to pay the share capital? Can it be spent on my operational expenses?

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.

Can I use the existing bank account for my new 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.

Do I need to pay VAT and obtain a VAT number?

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.

Can you give me some legal advice?

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.

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Incorporate a company in Ras Al Khaimah Online

Manage it from anywhere in the world: accounting, invoicing, taxes & local agent

FAQ

Enty is here to help you open a company
in the United Arab Emirates online. Starting from $1500

Ras Al Khaimah Free Zone

RAK is 45 minutes away from Dubai, has 8000 registered companies & local benefits

0% corporate tax

0% taxes are applied on undistributed profits, which makes RAK a perfect place for the kick-start

Remote and fast set-up

Prepare the documents, fill in the application form online & get everything handled by professionals

Residency permits for founders

Get an opportunity to enjoy all of the benefits of the UAE and relocate your team

Why RAK is a great choice for

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Everything can be done online and the government is rapidly digitalizing

Online Services

RAK has more than 9 banking partners

Affordable Banking

Accept payments from clients across the world

Worldwide Payments

Convenient regulation with easy licencing

Convenient regulation

Offices and other facilities could be provided for free

Innovations Support

An absolute 0% corporate tax on retained or reinvested profits

0% corporate tax

Set up your company online in a few clicks

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How to Open a Company in RAK with Enty

a screenshot of an incorporation questionnaire in the interface on Enty

2

1

Fill in information about your company and company shareholders/directors

Let the experts prepare all of the required documents

Sign everything remotely

Gov fee Included

Get Started

$1500

4 visas & free access to coworking space

Incorporation & relocation

Incorporation & legal help

$5000 / year

In order to work with Enty, you must have a legal entity in any other country

You have to be in business already

Look what people ask

Passports of founders;
Presentation about the business;
Video from founders;
Proof of address of CEO;
Bank statements of the founders.

We might need around 3 days to complete the preparation process: review the documents, prepare the Articles of Association and make sure, that the company is eligible to be incorporated in RAK. Then it takes up tp 2 weeks to finalize everything

Yes! RAK is one of the zones in the UAE, that allows you to hold 100% of the shares

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