Estonia

Estonia is one of the most popular jurisdictions for registering companies. Estonia is a small and very progressive country regarding everything new in the field of fintech, cryptocurrency, IT. Registering a company in Estonia is relatively easy and fast.

Estonia, officially the Republic of Estonia, is a country on the eastern coast of the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland with Finland on the other side, to the west by the Baltic Sea. The territory of Estonia consists of a mainland and 2,222 islands in the Baltic Sea, covering a total area of 45,227 km2 (17,462 sq mi), water 2,839 km2 (1,096 sq mi), land area 42,388 km2 (16,366 sq mi), and is influenced by a humid continental climate. The official language of the country, Estonian, is the second-most-spoken Finnic language.

Estonia is a developed country with an advanced, high-income economy that has been among the fastest-growing in the EU. The country ranks very high in the Human Development Index, and does well in measures of economic freedom, civil liberties, education, and press freedom (third in the world in 2012 and 2007). One of the world’s most digitally advanced societies, in 2005, Estonia became the first state to hold elections over the Internet, and in 2014, the first state to provide e-residency.

Type of company Private Limited Company ()
Relevant Companies Law Estonian Commercial Code 1995
Obligation of the local office Estonian Law requires companies to provide a local office address
Language of the corporate documents Estonian and translation documents into English with notary certification and apostil
Currency EUR
Corporate tax rate 20%
Standard size of the share capital 2, 500 EUR
Obligation to appoint company secretary Not required
Obligation to appoint company director Required
Minimum number of directors 1
Obligation to register shareholders Required
Minimum number of shareholders 1
Obligation to hold annual assembly Required
Obligation to prepare financial reports Required
Obligation to submit financial reports Required