Registration of companies in Estonia
MAIN LAWS ON COMPANY REGISTRATION IN ESTONIA:
Civil Code of the Republic of Estonia, the Law of the Republic of Estonia “On Entrepreneurship and Accounting”.
MAIN BUSINESS LEGAL STRUCTURES IN ESTONIA:
- Limited Liability Company (LLC).
- Joint-Stock Company (JSC).
- Branch (there are no representative offices in Estonia).
It is also possible to buy an existing LLC (Limited Liability Company).
At your request, we found an LLC and then, at the specified time, it will be re-registered at a notary’s office in the name of a new owner chosen by you. In case with the existing company, it is not required to contribute to the authorized capital. All of the offered existing companies are free from history of operation.
To choose which legal structure of business in Estonia is best for you, you can order us to draw up a legal report, in which we compare pros and cons, as well as tax burden of a certain legal structure.
NAME OF AN LLC IN ESTONIA:
The check of a company's name is mandatory in Estonia. Word “Estonia” can be added to the name of a firm. At the same time, “Tallinn” cannot be used.
MINIMUM AUTHORIZED CAPITAL OF AN LLC IN ESTONIA:
An authorized capital of an LLC in Estonia must be at least 2,500 EUR.
MAIN SERVICES OF REGISTRATION OF A COMPANY IN ESTONIA:
- Preparation of constituent documents of an LLC;
- Registration of an LLC in tax authorities;
- Ordering and receiving of a seal of an LLC;
- Registration of data of an LLC in extra-budgetary funds;
- Opening of current accounts for an LLC in Estonia and abroad.
BACKGROUND DATA REQUIRED FOR REGISTRATION OF AN LLC IN ESTONIA*:
- Company name;
- Registered address (can be provided by us);
- Participant’s data (name, citizenship, passport/company’s constituent documents);
- Amount of the authorized capital;
- Kinds of activities;
- Chosen bank in Estonia and kinds of accounts to be opened therewith;
- Selection of the taxation system (common, simplified);
- Other documents and data at the request of the experts of ALPS & CHASE.*
*All of the documents must be provided in advance, so we have time to translate them into Estonian.
All provided documents must be notarized and legalized in Lithuanian Embassy of a participant’s (shareholder’s) country or apostilled according to Hague Convention of 1961 by the relevant authorities after notarization.
PRESENCE OF THE PARTICIPANTS DURING REGISTRATION OF A COMPANY:
Presence of the founders during a company registration in Estonia is not necessary. The main registration activities will be performed by our experts under a power of attorney.
The presence of the Director General is necessary only at the opening of accounts with an Estonian bank.
TERM OF REGISTRATION OF AN LLC IN ESTONIA:
Registration of an LLC with foreign participation takes at least 5 business days. When planning the term of registration, please, take account of the time necessary for preparation, translation and sending of the documents.
APPOINTMENT OF A DIRECTOR GENERAL IN ESTONIA
You can appoint either an Estonian citizen or a foreign citizen to a position of a Director General.
If a foreigner wishes to work in Estonia, he/she would need a residence permit. As a rule, it is necessary to prove that it was impossible to find such employee in Estonia (i.e. put up a job ad in the Internet for at least a month). One will have to collect some certificates and fill in some forms. The entire process takes 2-3 months.
Shareholders and board members do not have to be the citizens of Estonia or obtain a residence permit.
If you have no time to obtain a work permit for a Director General or you need their permanent presence for settlement of administrative matters, our company will provide you with the service of temporary directors in Estonia. Such directors can perform various tasks, interact with the tax inspectorate, customs or the banks. The main requirement to use this service is a complete legality of a client’s business.
OTHER SERVICES IN THE AREA OF REGISTRATION OF A BUSINESS PRESENCE IN ESTONIA:
Sale and purchase of an existing company in Estonia.