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Accounting for your Estonian company

Unicount provides online accounting services for Estonian OÜ companies. Monthly plans start from €29 per month for self-managing founders and from €99 per month for fully managed accounting with a dedicated accountant. All plans include cloud invoicing and expense management software.

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Do I need an accountant for my Estonian company?

A company with zero transactions is considered dormant and does not require a monthly accountant. However, every Estonian company must file an annual report by 30 June each year regardless of activity. If your company is VAT-registered or pays salaries or director’s fees, monthly declarations apply.

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What is included in the accounting plans?

The Lite plan at €29 per month gives you invoicing and expense management software. The Micro plan at €99 per month includes a dedicated accountant, monthly bookkeeping, bank reconciliation, and financial reporting. The Standard plan at €149 per month adds TSD and VAT return filing. All plans include Envoice software for invoicing and expense tracking.

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What are the monthly obligations for an Estonian company?

If VAT-registered, a KMD declaration is due by the 20th of each month. If paying salary or director’s fees, a TSD declaration is due by the 10th. Dividend distributions also require a TSD filing. If your company has no VAT registration and no salary payments, no monthly Estonian filing is required.

Monthly accounting obligations guide

Frequently asked questions

Does my Estonian company need an accountant if it has no activity?

A company with zero transactions is considered dormant and does not need a monthly accountant. However, every Estonian company including dormant ones must file an annual report by 30 June each year. Unicount offers a standalone annual accounts service starting from €199 for dormant companies, without requiring a monthly accounting plan.

When does my Estonian company need to register for VAT?

VAT registration becomes mandatory when your company’s taxable turnover in Estonia exceeds €40,000 in a calendar year. Once you cross this threshold, you have three business days to register. Unicount can handle VAT registration for your company for a fee, and from that point, monthly KMD declarations are required.

What is the difference between the Lite plan and the Micro plan?

The Lite plan at €29 per month gives you access to invoicing and expense management software only. No Unicount accountant is assigned to your company and no monthly tax filings are included. It suits companies with no VAT registration and no employees. The Micro plan at €99 per month includes a Unicount accountant who handles your bookkeeping, bank reconciliation, and financial reporting on your behalf, with up to 20 source documents per month included.

What is a TSD declaration and when do I need to file one?

A TSD (tulu- ja sotsiaalmaksu deklaratsioon) is Estonia’s monthly combined income and social tax declaration. It is required every month your company pays a salary, director’s fee, or dividends to a natural person. It must be submitted and the associated taxes paid by the 10th of the following month. Unicount’s Standard plan and above include TSD filing as part of the monthly service.

Can I manage my Estonian company accounting from outside Estonia?

Yes. Unicount’s accounting service is entirely online. All document submission, invoicing, and communication with your accountant happens through Unicount’s cloud platform. There is no requirement to visit Estonia or meet your accountant in person.

How does Unicount handle my company’s annual report?

Annual accounts preparation is available as a standalone service starting from €199 for dormant companies or included as one monthly accounting fee for active companies on a paid plan. Unicount reconciles your documents, prepares the profit and loss statement and balance sheet, and handles submission to the Estonian Business Register.

Can Unicount provide accounting for a company with activity in multiple countries?

Unicount provides Estonian accounting and tax reporting services. If your company has tax reporting obligations in other countries, for example VAT registration in Germany or payroll in France, Unicount is not able to cover those obligations. Unicount can assist with Estonian filings only and would recommend partnering with a local advisor in each additional country.

What software does Unicount use for invoicing and expense management?

Unicount uses Envoice software for expense management and invoicing. The software subscription is included in the monthly service fee.

Accounting guides

Monthly accounting obligations for your Estonian OÜ → Salary, director’s fee, or dividends: how to take money out → VAT for your Estonian OÜ: the complete guide → Is an Estonian company worth it for freelancers? → How to close your Estonian company →

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