There are many ways for an entrepreneur interested in moving to Estonia to achieve their goal and make the move: a startup visa, exclusively for startup entrepreneurs, a D-visa for long term stays, which is most suitable for students, and a temporary residence permit, for those who see themselves living in Estonia more permanently than…

Alongside a legal address requirement, since 15th January 2018, all Estonian companies whose management board members are located abroad must appoint a contact person in Estonia. Who and what is a contact person? Commercial Code §  631. Contact person in force from 15th January 2018 (1) An undertaking, including a foreign company that has a…

Starting from 1st September 2018, all legal entities registered in the Estonian Business Register are required to submit information on their Ultimate Beneficial Owners (Actual Beneficiaries) as per the Money Laundering and Terrorist Financing Prevention Act 2017. Full text in English here: https://www.riigiteataja.ee/en/eli/517112017003/consolide The obligation to disclose beneficial ownership applies to all types of legal…

Other than the most popular form of incorporation in Estonia, a Limited Liability Company (OÜ), it is worth considering the registration of a Non-profit Organization (MTÜ), if the activities of an entity are neither solely business-related nor for-profit, but involved in development, education, sports and raising public awareness. An MTÜ is a union between at…

As a result of the amendments to the Money Laundering and Terrorist Financing Prevention Act enacted by the Parliament of the Estonian Republic in November 2017, companies registered in Estonia will have to submit information on the Beneficial Owner (Actual Beneficiary) to the Commercial Register Information System. This measure is in line with the EU’s…

With its e-residency program, Estonia provides a convenient solution for opening your business online. The e-residency program is aimed at freelancers, digital nomads, internet startups and all other location-independent entrepreneurs and allows access to advantages of doing business in Estonia – 0% corporate tax on undistributed profits, online tax filing as well as an opportunity…

In this article the main reporting requirements and filing deadlines for a private limited company in Estonia are reviewed. The vast majority of EU countries are re-examining their national laws as well as demanding greater transparency from legal entities in respect of their ownership, management and those who can execute control over decision making in…

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