Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Lithuania
Latvia
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
United Kingdom

Home

Company in Estonia, Business in Estonia

Estonia is an attractive market for companies in the food sector and in construction sector. A foreigner which wants to open a business on its own, must have a resident permit and work permit. It refers also to the Board Members and the Supervisory Board Members of companies with foreign capital.

According to the Esthonian law, an annual number of work permits Carnot exceed 0,05% of permanent residents (1,5 mln inhabitants). The stay below the limit of 90 days does not require any legal proceedings. After three months one has to apply for a resident permit. To obtain it a person must be either employed in Estonia or to carry out a business activity.

Resident of EU, who wants to be employed, must be registered in the Labour Office within one month from the date in resident permit. A permit is given for five years, but it can be prolonged.

Establishment of a company is regulated by the Esthonian Commercial Code. A private person running an activity can register in the Trade Register, in case he/she is a VAT payer and wants to be registered. In case of the Civil Code company (T) there is no minimal capital and no obligation to register the Establishment Act.

In both cases the fee for registration is 500 EEK (Esthonian crown). A company limited liability (U) can be opened by at least two partners. The fee is 500 EEK. Minimal stock capital is 40 000 EKK. A company must have an independent auditor. Fee for registration in the Trade Register is 0,2% of the Stock capital. Minimal capital of the public limited company is 400 000 EKK. Fee for registration is same as in case of Ltd.

In Estonia there are no special requirements as it comes to bank accounts. One has to present ID and fill in the forms. There are no limitations regarding the amount of capital allocation in Estonian banks, purchase of the bonds and giving credits.


company formation in Poland, investments in agricultural land in Poland