Once a company has been registered in Estonia and a VAT number received, the company must file monthly value added tax return declarations. A value added tax return and its annex must be submitted to the Estonian Tax and Customs Board by the 20th day of the month following the taxable period (usually a calendar…

The two most common payments made by a company to its management or employees are a service fee to a management board member (juhatuse liikme tasu) and a salary (töötasu). There is a difference in the relations between an Estonian private limited company (OÜ) and a management board member and those between the company and…

Source documents for accounting transactions A company’s everyday activity can involve various transactions, such as the purchase or sale of goods or services, payments to staff, receiving or granting of loans, payment of taxes, penalties and loan interests. In accounting, any commercial action by a company is to be duly formalized as a bookkeeping entry….

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…

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…

The Estonian success story of being a technologically advanced country dates back to the 1990s when efficient and digital governing solutions were developed and implemented. Since then its digital infrastructure has continued to develop and mature. At one point it started gaining attention from abroad. Estonia’s e-government solutions have been exported to several countries since…