Estonian companies require a minimum share capital of €2500. This is an investment in your company that can then be spent on developing your business. It also helps preserve trust in Estonia’s business environment, which benefits all Estonian limited company owners.
However, Estonia also has a clever system that allows you to postpone this investment for as long as you like. The only catch is that your company can’t pay out dividends until your share capital has been registered, but you can start trading and even pay out salaries before then.
Estonia’s e-Residency programme has generated heaps of positive headlines around the world and been the buzzword among entrepreneurs in coworking spaces on every continent. But does e-Residency actually work?
That’s a question we see a lot online. E-Residency makes it easy to start and manage a company online, but some have heard about problems accessing banking, some are confused about tax implications, and others just wonder if maybe e-Residency is all a bit overhyped.Read more
Estonia has one of the world’s most transparent business environments. This helps ensure Estonian companies can be trusted worldwide, even though they can be run entirely online from anywhere by Estonians and e-residents.
A key part of this transparency is ensuring it’s clear who controls each and every company. As an Estonian company director, you are legally obliged to declare the persons benefiting from your company’s activities, the so-called ‘beneficial owners’. This must be done by everyone after starting a company through Unicount, as well as updated within 30 days whenever there is a change to your company’s beneficial owners.
There’s a very simple way to add a new shareholder for an Estonian company online – even if that’s a person who doesn’t yet have an Estonian digital ID or if it’s a foreign legal entity. To help you do this, we created a free template you can download and submit to the Estonian Business Register.
We recently explained in our previous article about how to add a new shareholder for an Estonian company online. Instead of transferring part of existing shares to a new co-owner, which is quite complex, you can simply issue new shares to them online instead.Read more
Almost every aspect of establishing and managing an Estonian company can be done entirely online from anywhere. We say almost because things get a bit tricky when you want to add a new shareholder for your Estonian company. Adding a new director is already very easy if that person is an e-resident who can make a digital signature.
Until now, you’d have to transfer shares offline at a notary in Estonia. There are also two novel ways to transfer shares in an Estonian company, but these methods both have limitations too. Fortunately, there’s also a little known trick that enables you to add a new shareholder online for your Estonian company without having to transfer any existing shares at all. The new shareholders don’t even need to have an Estonian digital ID.Read more
You’ve just registered a new Estonian company but before you can even announce the launch of your business to the world, your company has already started receiving spam emails. This is a common complaint among e-residents and international residents of Estonia.
This happens because your company email is now listed publicly on the Estonian state Business Register, which then also sells these details to other companies. However, there’s a nifty little solution here that is commonly used by Estonians.Read more
Estonia’s digital ID cards are famous around the world, but most Estonians actually now use their mobile phones for regular digital signing instead. This is now also available to e-residents as an app called Smart-ID.
E-residents are signing up for Smart-ID because it’s faster, more convenient, and works even if your digital ID card is lost or expires.
Need a company address and contact person in Estonia for your registered company? Unicount now lets e-residents subscribe online to our virtual office serve in Estonia.
We like to keep things simple here at Unicount, including by working remotely as much as possible. That’s also more important than ever in the age of social distancing.
Yet all Estonian companies still need a registered office address in Estonia. And if you are living outside Estonia, like most e-residents, you’ll also need a licensed contact person for your company at that address. Together, this is usually called a virtual office.
Adam Rang is a British-Estonian entrepreneur who helped develop Estonia’s e-Residency programme. He’s now joining Unicount – the simplest way to start an Estonian company through e-Residency – to help more people become e-residents and benefit from the programme.
The first time I used my Estonian digital ID card was more than four years ago in London. I wanted to start a company, but had no previous experience running a business and I’m not really a tech person. To be honest, I still struggle to work my TV remote control.