Articles
Director’s Fee vs Salary from your Estonian Company
Understanding your tax obligations in Estonia, including taxes payable on director’s fee or salary, is crucial for e-resident founders looking to receive a regular income from their Estonian company. This guide offers insights into the taxation of director’s fees and salaries.
In Estonia, a board member of a limited company doesn’t need to receive a director’s fee or a salary. However, if a director’s fee is paid, it’s subject to personal income tax and social tax in Estonia.
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Why Switching to Unicount is a Smart Move if you’re not Happy with Your Accountant
As an experienced e-resident founder, you’re probably already familiar with the basics of running a business in Estonia. You have a virtual office and accounting services provider you chose while registering your company, but are you getting the best out of your current provider?
At Unicount, we offer more than mandatory services for staying compliant – we deliver a partnership that helps you run your business effectively. This article explains why switching to Unicount is a strategic move for your established business.
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Estonian company formation for e-residents
You can establish and manage an EU company online from anywhere using an Estonian government-issued digital identity card. And wherever you are in the world, you can get one by applying for e-Residency of Estonia so that you can also run a company fully online from anywhere.
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Why e-residents should not register as sole proprietors in Estonia
In this article, I will explain the main differences between having a limited company versus registering as a sole proprietor in Estonia. We would also look into other possible forms of registering a business, and give our best advice to first-time founders wondering what is the best solution for running a remote business online.
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Upcoming Changes in Estonia’s VAT Rates
Earlier this year the Estonian parliament adopted changes to the country’s value-added tax (VAT) rates for the coming years.
These rate changes will impact most of our e-resident clients with a limited company in Estonia. Both businesses and consumers are better off being informed well before these changes are in effect. Here’s an overview of the changes.
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Permanent Establishment and Dual Residence
Permanent Establishment (PE) and Dual Residence regulations are critical aspects of international taxation, as they determine how and where your Estonian company’s profits are taxed. These regulations can be complex, and understanding them is vital if you operate an Estonian company in other jurisdictions. In this article, we give you an overview of PE regulations, with a focus on how they apply to e-resident companies registered in Estonia.
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Estonian Tax Rates explained to e-resident founders
Starting a business can be complex, but understanding Estonian tax rates does not have to be. You can consider this to be a beginner’s guide, written in a simple language we like at Unicount when helping e-resident founders navigate the Estonian ecosystem.
After reading you may want to move here to benefit from the Estonian tax rates available to individuals and companies residing here. The country needs founders and top talent for technology companies and is a country with a thriving startup scene.
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Startup Funding for e-Resident Founders
Estonia, a country full of ambitious entrepreneurial minds, also extends a variety of resources and opportunities for growth to its e-Resident founders. Some grants may require your Estonian company to have a certain turnover or people on the payroll to qualify, while the startup funding and accelerators have no bureaucratic requirements stopping you from accessing them equally to resident founders.
Estonian flourishing startup ecosystem includes various grants, accelerators, business angels, venture funds and networking platforms available to all founders, aiding you in overcoming the initial hurdles of building a business from scratch in a foreign country. You may also want to learn about Estonia’s unique tax system and build your business here.
Estonian limited company shareholders are now part of company certificates
On 13 April 2022, the Estonian parliament adopted a brand-new Commerical Register Act which came into force on 1 February 2023. In our previous blog posts, we explained how the new legislation affected share capital requirements and removed the role of contact person unless a foreign address is used. One of the aspects of the new law came into force on 1 September 2023. It makes shareholder lists part of the public company registration certificates. We suggest reviewing your shareholdings in the Estonian Business Register if your companies have had transactions with shares after registration. This article provides a comprehensive overview of the key changes and their implications.
