Estonia is one of the most popular jurisdictions for incorporation of the companies. Estonia is a small and very progressive country regarding everything new in the field of fintech, cryptocurrency, and IT. Incorporation of 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 mainland and 2.222 islands in the Baltic Sea, covering a total area of 45.227 km2 (17,462 sq. miles), water 2.839 km2 (1,096 sq. miles), land area 42.388 km2 (16,366 sq. miles), and is under the impact of the humid continental climate. The official language of the country is Estonian, the second most spoken Finnish 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). Being one of the world’s most digitally advanced societies, in 2005, Estonia became the first state to hold elections via the Internet, and in 2014, the first state to provide e-residency.
|Type of company||Private Limited Company (OÜ)|
|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|
|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|