Basics
What Is the Price of the Monthly Fee?
The subscription price or monthly fee depends on the country where your company is registered and the services required for that jurisdiction. You can check everything included in each plan on our pricing page. Accounting in Estonia We offer two monthly accounting plans for companies registered in Estonia: Pro Plan – from €79/month Ideal for digital companies with a simple structure and no crypto or investment activity. Perfect if you need reliable aFew readersWhen Will I Start Paying for my Monthly Fee?
Once your company’s been activated, we will start working on your accounting, taxes, and compliance. On the 25th of the following month, we will charge you for the first monthly fee. The fee is charged when we complete the monthly accounting, which always happens on the following month, so your September accounting fee is charged on the 25th of October.Few readers
Company Setup in Estonia
3-Step Business Sign Up With Companio
With Companio, you can sign up in just three steps. Choose the name of your company. Make sure it is not already taken and that there is no European trademark with a similar name. We will also check if that name is available. If the name of any matching brand or company exists, you will be asked to provide another name.Some readersHow Do I Sign my Company Registration Application?
First of all, if you haven’t installed the card reader software and activated the plugins of your browser you have to do it to sign the application. We explain how to do it in this tutorial. If you have configured your card reader already, these are the steps you must take to sign the registration of your company in Estonia: Access the Estonian e-Business Register and log in with youSome readersHow Do I Sign the Contract of Services?
It is mandatory that all partners sign the monthly accounting service contract and the AML (Anti-Money Laundering) document to proceed with the next step in activating your company. This serves two purposes: To ensure that all partners are e-residents and verify their identities. To ensure that you understand and accept the contract for the provision of monthly accounting services. To proceed with this signature, you will need to do the following: Insert the e-resident card into the readFew readersHow to Grant Companio a Power of Attorney (PoA) to Do my Accounting?
Make sure to check out this tutorial if you haven't installed the software for using your e-residency card yet. It's essential! Once you've completed that, you can authorize us with a power of attorney for your accountingPopularWhat Is the Power of Attorney (PoA) in Companio and What Are its Limitations?
Granting a Power of Attorney (PoA) to Companio is a simple step that allows us to handle your accounting and compliance filings, ensuring your taxes and reports are correctly submitted. It does not grant control over your finances or business decisions. Learn more about how PoA works and why it’s required.Few readersUnderstanding the Obligation to Open a Corporate Bank Account: Best Options Available
Once your business is registered in Estonia, you need to open a bank account to invoice your customers, pay suppliers and distribute profits. In Estonia, unlike in countries such as Spain, it's not permissible to use your personal bank account for business purposes. This is due to the legal distinction where you and your company are recognized as separate entities. Unless you have a good reason to opt for a traditional bank account, online solutions such as Revolut Business or PaysFew readersHow Long Does It Take to Set Up my Estonian Company?
The time it takes to establish a company in Estonia with Companio varies depending on whether you are already an e-resident or not. If You Are Already an e-resident The process can be as short as a couple of days, including setting up a corporate bank account. Especially efficient if you choose one of the solutions we collaborate with. If You Are NOT an e-resident The process can take between 3 and 6 weeks. The e-Residency application process itself can take between 3 and 5 weeFew readers
Switching to Companio
How to Switch to Companio With Our 3-Step Process
The process is straightforward if you used to work with another service provider and want to switch to Companio. Just follow these 3 steps: Sign up and enter your company's registration code so we can find it. Confirm your company information. Once we have found it, you will have to review the data to confirm that it is correct and that it is your company. If any information needs to be included, we will ask you to comFew readersWhat Does the Free-Of-Charge Switching Offer Include?
Our virtual office and accounting services. Keep in mind that your previous provider should handle all past accounting responsibilities, including monthly, quarterly, and annual reports. We have transparent pricing, and you can check our rates here. As for the minimum commitment period when switching to us, it's 3 months. This means you should be our client for at least three months, and you'll need to pay the monthly fee during that time. Cancellation Policy: If you decFew readersFrequently Asked Questions: What Happens After Switching to Companio
Will You Cancel the Accounting Permissions or Bank Access of My Previous Provider? Since you are the one that granted permission, we cannot cancel it. You have to contact your provider and ask them to do it. How Do I Get the Proof of Legal Address and Contact Person Service From You? You can request it by contacting the support team through chat. Who Sends the Current Month's VAT and Tax DeclaratioFew readers
First Steps with my Dashboard
What Do I Have to Do Each Month?
With your all-in-one accounting and compliance dashboard, everything is digital. Our goal is to save you time and focus on what you love to do. You will need to do two things: Connect your corporate bank accounts to the dashboard, or make sure that they stay connected. Don’t worry! We will only use this data to access your bank statements and for bank reconciliation. Every month, before the 5th, upload all the invoices issued during the previous month for us to include in youFew readersHow to Create Your First Invoice With Companio?
To invoice your customers, you have two options: Create an invoice quickly and just in a few clicks with our invoicing tool. Manually create and upload an invoice. It's essential to include the following information in your sales invoices: Full Name: Include the full name of the customer or entity you are invoicing. Address: Specify the recipient's address. Invoice Number: Assign a uniquFew readersHow to Upload My Invoices Manually?
Every time you send an invoice to one of your clients, don't forget to upload it to our platform. These are the steps to follow: Log in here with your email and through the magic link or your e-resident card. Go to the “Sales” or “Purchases” section in Companio. Drag and drop the document of the invoice. You can upload it in PDF, JPG, or PNG format.We'll take care of the rest! You can also upload all the invoicesFew readersHow to Match Bank Movements with Invoices?
The invoice matching process can be conducted from two locations: A) From the Bank Movements Section Access bank movements and select the transaction you want to link. In the example, we will link it to a purchase invoice by clicking on "Match a purchase invoice," but you can also link it to sales invoices, salaries, or upload the transaction receipt and link it to the corresponding invoice from the "Upload & match with sales/purchase invoice" option. (https://storage.crisp.chat/useFew readersHow to Manually Upload my Bank Statements With Companio?
Unfortunately, not all banks offer API integration, and for these cases, we will need you to download your bank statements of all currencies (i.e. your accounts in USD, EUR, etc.) and upload them regularly. How regularly? Ideally, at the end of each week, but at least at the beginning of the following month (before the 5th). This allows us to work on your accounting throughout the month, instead of doing everything at the last minute.Some readersOpen Banking Banks: How to Connect Them?
This article is useful for Open Banking solutions such as Revolut Business, LHV, Stripe, or Paypal. If youPopularNon-Open Banking Banks: How to Connect Them?
The process is similar if you have a bank account with an API key. These are the steps to follow: Mollie Let's see now how to connect your Mollie bank account. Select the bank account. Mollie To link the Mollie account of your company in the dashboard, you must obtain a special token that allows us to access the Mollie API. Using this key, we can obtain your bank statements aSome readers