98%of companies are established online 🚀
Legal forms:According to the Commercial Code, there are five forms of business entities in Estonia:
- private limited company (OÜ)
- public limited company (AS)
- general partnership (TÜ)
- limited partnership (UÜ)
- commercial association (ühistu)
In December 2014, Estonia became the first country in the world to introduce the concept of e-Residency. The main purpose of the e-Residency program is to make life and business easier for freelancers, business owners, and international partners, as well as any other non-residents, who are related to Estonia. E-Residency in Estonia makes it possible to start a business, expand your business, make investments or study in the European Union.
Electronic residency is a state-issued digital identity and an e-Resident status, which provides access to Estonian e-government services and a transparent paperless business environment. E-Residency is issued by the Estonian government to non-citizens of Estonia who do not have the possibility of permanent residence on its territory but would like to have access to e-services of Estonia and the European Union.
Established as a nationwide initiative, the e-Residency program is led by a number of government ministries and institutions, whose efforts are aimed at improving Estonia’s digital infrastructure and business environment. But most importantly, thanks to Estonia’s EU membership, e-Residents have the right to use electronic services not only in the business environment of Estonia, but in the entire European Union.
However, it should be noted that the e-Resident ID-card does not grant Estonian citizenship nor the right to enter the EU to its holder, as it is not a physical identity card. In addition, e-Residency, as such, is tax-free.
- Business formation and management entirely online
- Founding and running a company from anywhere in the world
- Signature and verification of documents in digital format (contracts, annual reports)
- Encryption and secure transmission of signed documents
- Online banking transactions in an Estonian bank
General accessibility of information about Estonian companies helps Estonia to sustain a transparent and reliable business environment on the Internet and in the labor market. This includes public access to the basic information about the firm, such as ownership, contacts, and basic financial statements.
One of the indisputable advantages of e-Residency for a digital entrepreneur is location independence. Travelling and managing your business 100% remotely from anywhere in the world has become easier than ever, whilst access to the Internet will allow you to move abroad at any time without the need to reestablish your company again.
The vastness of the European markets will open new opportunities for development of your business. Resident e-card will allow you to register a company in the EU without physical attendance. It is now possible to own your company without having to appoint a local director, while providers such as PayPal will handle online payments.
Using the software on your computer, an online business development has become a piece of cake. Sign, authenticate, encrypt and send documents digitally. Tax declaration is also done online. You will now have access to the European Single Market and its cross-border capital.
You can use this link to start build your company in Estonia: https://www.e-resident.gov.ee