🇪🇪 Company in Estonia
Starting Point: My Annual Report Explained
The annual report is a document that Estonian companies must write and submit to the authorities after the fiscal year has passed (usually within the following six months). It contains all the transactions, movements, and operations of the company. Additionally, the annual report allows you to distribute the profits from the previous fiscal year (if applicable) as dividends. Until the annual report is submitted, your company cannot distribute dividends.Some readersUnderstanding My Annual Report
The annual report is one of the most important legal, financial, and informational documents your company produces each year in Estonia. While it is a mandatory filing, its purpose goes far beyond compliance: it provides a complete, structured, and transparent overview of your company’s financial situation and performance. Understanding how the annual report works, what information it contains, and how to interpret it will help you better understand your business, communicate clearly with stakeFew readersAnnual Report: 5-step Submission Process With Companio
Submitting your annual report with Companio is a guided, step-by-step process designed to ensure legal compliance while keeping things as clear and manageable as possible. You just have to follow these 5 steps: Step 1: Payment and Report Creation When the annual report period begins, you’ll receive notifications via email, newsletter, and directly on your Companio 2.0 dashboard. To start the process: Log in to the Companio 2.0 dashboard. Click on the banner you'll find in your HomePopularHow to Grant Companio Permission (PoA) for the Annual Report
To grant us permission (PoA) to prepare your annual report, please follow these steps: Step 1: Log in to the eesti.ee portal Access eesti.ee, the official gateway to e-services and information provided by the Estonian government with your e-resident ID. If the portal is not in English, select the appropriate language on the top-right corner. (https://storage.crisp.chat/users/helpdesPopularHow to Declare Dividend Distribution in My Annual Report (Step 3)
When distributing dividends for your Estonian business, it is essential to understand the process. First, you must fill in the "Profit distribution resolution" section when reviewing your annual report. This section includes the amount you plan to distribute in dividends and the calculation of your retained earnings after distribution. For example, if you plan to distribute €30,00Some readersHow to Sign My Annual Report (Step 4), and How to Download It
How to Sign My Company’s Annual Report Access the e-Business Register Log in to the e-Business Register website with your e-resident card to sign your annual report. Then, click "Submission of a report" and "Submission of the annual report." Next, you will see the report listed under "Annual reports to be submitted" in the "Incomplete reports" section. Then, next toSome readersHow to Distribute Dividends After My Annual Report is Submitted
When Can I Distribute Dividends? Dividends can only be distributed after we prepare and submit the annual report, and only if the annual report shows profit and dividends were declared by the business owners. Once the annual report is submitted, dividends can be distributed up to the maximum specified. How Many Taxes Do We Pay?Some readersWhy Are You Asking for Additional Documents for My Annual Report?
At Companio, we aim to adhere to Estonia's accounting and tax laws, which involve the proper documentation and recording of all financial transactions. To ensure we meet these legal deadlines, we send monthly reminders for you to upload your invoices by the fifth day of the following month. If you're late, our accountants will initially record these as "prepayments" to align with tax requirements. That means the transactions are supposed to be payments waiting for a document or invoice.Few readersAudits for Estonian Companies: What You Need to Know
What Is an Audit for My Estonian Company? An audit for your Estonian company is a systematic review and evaluation of your company's financial statements and records. Conducted by an independent certified auditor, the purpose of an audit is to ensure that your company's financial records are a fair and accurate representation of the transactions they claim to represent. This process involves the examination of various financial documents and may include physical verification of assets and iFew readers
