Estonian Company Formation
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Estonia’s development into a liberal and welcoming business environment has attracted a significant amount of investment in recent years. Its geographical location is facilitative for international trade and there are few restrictions on foreign companies in the country. However, legalities, financial requirements, and taxation are all developing areas of the country and so it is important to fully adhere to all the legislation as Estonian bureaucracy is strict.
Universal Company Incorporations understand the complexity of Estonian company formation and will expertly advise your business to make completion of the process simple. With a breadth of service across a range of formation aids, we will give you the support and capability to drive your business forward and make your Estonian expansion another successful branch of your business.
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Further Information
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There is a company form for each business type and size in Estonia. The two main types of business entity for foreign investors to incorporate are:
- Public Limited Company – Aktsiaselts (AS)
- Private Limited Company – Osaühing (OÜ)
Additional forms include:
- General Partnership (TU)
- Limited Partnership (UU)
- Sole Trader (FIE)
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One of the major benefits of company incorporation Estonia is the liberal business environment the country offers. The regulatory environment facilitates international trade with almost no tariff or non-tariff barriers, no restrictions on the repatriation of capital and earnings, and no exchange controls or restrictions on foreign investment. Additionally, companies can be in full foreign ownership and there are no limitations on the investment of foreign capital in an Estonian business.
Tax regulations are strict however, so complete compliance with these is necessary to avoid severe penalties.
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Estonia offers a well-developed local banking infrastructure which provides the principal banking facilities for company and individual finances. However, Estonia is not advanced in banking and so companies looking for state of the art commercial facilities will unfortunately not be rewarded here.
Aspects of Estonia such as its liberal business regulations, low labour costs, and full foreign ownership of companies are attractive for foreign companies looking to incorporate in the country. However, Estonia does not offer financial incentives for businesses starting up there.
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Labour costs in Estonia are incredibly low compared to the EU average, as are wage costs. The work force is well educated and skilled, and widely available although the methods of recruitment are limited. The recruitment industry in Estonia has not advanced as much as other EU countries, and so the number of private-sector employment agencies is far outnumbered by official state employment agencies. Local press advertisements can also be an alternative recruitment method.
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