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Understanding the Tax Implications: What Do I Need to Know?

Estonia has Europe's most competitive tax system, but this does not mean it is a tax haven. Hence, Estonia will not be suitable if you want to avoid taxes.

The great news is that you will not pay taxes on your company's money. All the money you reinvest in the company or legitimate business expenses is tax-free.

You will only pay taxes when you withdraw money from your company and transfer it to your personal accounts, such as when paying yourself a salary or distributing dividends. You can find more information about taxes in Estonia in this article.

If you live in a country outside of Estonia, we recommend consulting with a local tax advisor to confirm your tax obligations there.

With Companio One Spain, we provide you with all the necessary information to accurately complete and submit your tax report as a resident in Spain.

Updated on: 26/06/2023

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