Estonia is known for its user-friendly e-portal environment and its passion for IT-related ventures, allowing it to fully interact with all business-related stakeholders online.
- Estonia is a small European country located next to the Baltic Sea Region. It enjoys well-developed links with Russia, Scandinavian markets such as Finland and Sweden, as well as with its Baltic neighbours Latvia and Lithuania.
- As a member state of European Union (EU), Estonia enjoys high levels of investment, financial freedom, and property rights while corporate tax rates remain relatively low.
- Estonian companies and subsidiaries of foreign entities are subject to Corporate Income Tax only in respect to all distributed profits. Retained and reinvested profits are not subject to Corporate Income Tax.
- The Estonian Private Limited Liability Company (Osaühing or OÜ) is the most common form of corporate entity. It shall be formed by at least 1 founder with a minimum share capital of EUR 2,500.
- Both natural or legal persons are allowed as OÜ shareholders.
- In accordance with Estonian Commercial Law, the shareholders may choose not to pay up the entire share capital upon incorporation, if all shareholders are natural persons and share capital totaled less than EUR 25,000.
- There is no restriction with regards to shareholders’ citizenship or residence.
- The Board shall have at least one member (director), who can be a foreign resident.
- However, if there are no EU residents within the Board, a local representative will be required, who shall be authorized to receive official documents on company’s behalf.
To set up an offshore company in Estonia, each of the Directors, Shareholders, Beneficial Owners or Authorized Signatories is required to submit the following documents:
For Each Director , Shareholder & Ultimate Beneficial Owner:
- Notarised / Certified True Copy of Passport
- Notarised / Certified True Copy of Driving License or National ID
- Notarised / Certified True Copy of Proof of Address (must be less than 90 days old)
- Bank or Professional Reference Letter
If there are Corporate shareholders, the following documents must be provided:
- Certificate of Incorporation
- Memorandum of Association
- Articles of Association
- Articles of Incorporation
- Register of Directors & Shareholding
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