Company in Estonia

• Do I Need a VAT Number for My Estonian Company?

  Your company needs an intra-community VAT number if any of these conditions apply: First, if your company offers services such as development, design, consulting, marketing, etc., to European customers, and its earnings exceed 40,000 euros a year. Also, if you offer digital services or products (software or digital content) to European B2C customers (final consumers) from the first sale. Finally, if you offer digital services or products (software or digital content) to European B2B cusSome readers

• Do I Need to Pay Taxes in My Country Instead of Estonia?

  If you are a tax resident in a country with CFC rules (such as most European countries, USA, Canada, UK, Australia, etc.), there may be situations where local authorities claim that your company must pay taxes there instead of doing it in Estonia. The law says that this may occur for entities that: Have been incorporated according to local laws: this situation will never happen if you found your company in Estonia. Have their registered office in the local territory: this means thFew readers

• Can I Open an Investment Company in Estonia?

  Yes, although depending on your activity, you may need a license. Hence, it is very important to understand the activity of your company. There are, generally speaking, two scenarios, depending on if your company performs the activities by itself or not: Scenario 1 Your company is going to perform one or more activities by itself. The activities are the same we mentioned in the FAQ [Can I Launch a Company That Acts as a Financial Institution in Estonia?](https://help.companio.co/en/artFew readers

• Can My Estonian Company Do Different Activities?

  In Estonia, unlike many other countries, a business can perform multiple activities simultaneously without additional paperwork or having to open multiple companies. The Estonian Business Registry asks you to define the main activity of the business for statistical reasons only. That said, there are occasions where it may be advisable to have two companies. This is especially true when company activities are completely unrelated or subject to different tax regimes, such as [dropshipping](htFew readers

• How Do Taxes Work for Estonian Companies?

  In Estonia, the tax system is designed to promote entrepreneurship and business growth. One of the major benefits is that there are no taxes on income generated by your company as long as it stays within the business or is used for justified expenses. This means that unlike in some other countries, you won't face immediate tax obligations when you start your operations. So, in Estonia, **you'll only pay taxes when you decide to withdraw money from your company and transfer it to your personFew readers

• What do I need to obtain a VAT number?

  The intra-community VAT number is very convenient for working with European customers and suppliers. To obtain it, we need some information from you, as well as a series of requirements: First of all, we need your company to have a bank account with European IBAN. Any country in the European Community is worth it. Without a European bank account, in our experience, the VAT application will most likely be rejected. We also need you to send us some information. Please, be as detaFew readers

• Can I Launch a Company That Acts as a Financial Institution in Estonia?

  Yes, but your business may need a license to operate. In the context of financial activities, there are two main scenarios: Scenario 1 Your company is going to offer one or more of the following services to third parties: Foreign currency exchange (or forex). Investment advice to clients. Performing borrowing or lending operations. Performing Leasing transactions. Money broking or acting as a broker. Offering monetary guarantees or commitments. Performing transactions orFew readers

• What Is My Company’s VAT Number?

  Your company, at the time of entering the Estonian registry, obtains a registration number. This number, along with the name of your company, serves to identify it, and should be included in the invoices that you send to your clients or your suppliers send you. It is composed only of numeric digits (eg. 123456789). If your company also obtains an intra-community VAT number and enters the VIES register (included free of chargFew readers

• How Do I Apply for a VAT Number with Companio?

  That’s the best part, we will do it for you. To do that, we need your company to have a European bank account (with a European IBAN) and some information about your business, including its activity, source of revenue and expenses, a detailed description of how the business operates, who are your customers, and how do you find them. With all this information, and as part of the business setup process, we will apply for the VAT number of your company. If you need help or have any qFew readers

• What’s a Politically Exposed Person?

  A politically exposed person is an individual with a high profile political role, or someone who performs a prominent public function. They usually present a higher risk of involvement in money laundering, bribery or corruption because of their position. Companio does not offer its services to politically exposed persons. If you have any questions about this, you can contact us here.Few readers

• I am a digital nomad, can I open a business in Estonia with Companio?

  If you are a digital nomad, and you do not have a formal tax residence (Eg. you do not spend more than 183 days in a specific country) having an international business in Estonia is the perfect option for you, as it allows your business to travel with you, without worrying about where you live now or where you are going to travel tomorrow. You will get rid of all paperwork, bureaucracy, and the need to physically visit offices. Everything can be done completely online. Please note tFew readers

• Can Startups Have a Company in Estonia?

  The e-Residency program favors global startups whose members may live in different parts of the world or want to expand internationally, without being limited by geographical limitations. Why? As members of the digital nation, the board members of an Estonian company can sign legal validity documents with their e-resident cards, including binding agreements for your company, hiring people, or making strategic decisions. Wherever you are, you can manage your company. Estonia’s startupFew readers

• What should I do to let my online bank know that I was granted a VAT number?

  Once you have your VAT number, you must open a support ticket to your online bank asking them to update your company information to include your VAT number. You can do it by accessing your online bank account and clicking on the help/contact us option.Few readers

• What Are the Legal Requirements to Open a Company in Estonia?

  These are the legal requirements to open a company in Estonia: Apply for e-Residency, the digital identity allowing you to launch and manage your company in Estonia 100% online. You will need a contact person and a legal address. Register your company in Estonia. Open [a bank account](https://help.companio.co/en/article/understanding-the-obligation-to-open-a-corporate-bank-account-best-opFew readers

• How to Invest With My Company Through a Broker or Regulated Investment Platform?

  To invest with your company through a broker or regulated investment platform, you will have to do this: Provide a receipt or ticket: When you upload funds to the platform or broker, make sure to obtain a receipt or ticket confirming the transaction. Keep records of withdrawals: Similarly, when you receive money back into your accounts from your investments, retain the receipt or ticket as proof of the transaction. Monthly account statements: It's essential to maintain a recFew readers

• Is There Any Support Available for Foreign Entrepreneurs in Estonia?

  Estonia has a very active community of over 100,000 entrepreneurs. Thanks to the e-Residency program and its community, you can join a network of trusted service providers and fellow e-resident entrepreneurs like yourself. Additionally, e-Residency organizes events and provides information about networking opportunities with other professionals.Few readers

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