Estonia is a small but highly developed country located in Northern Europe. It is known for its advanced digital infrastructure and e-government initiatives, making it an attractive location for businesses of all sizes. If you are interested in setting up a business in Estonia, here is a step-by-step guide on how to register a business in Estonia.
Table of Contents
Choose a business structure
The first step in registering a business in Estonia is to choose a business structure. Estonia offers several types of business structures, including sole proprietorship, private limited company (OÜ), public limited company (AS), and partnership. Each business structure has its own advantages and disadvantages, so it is important to research and choose the one that best suits your needs.
Reserve a business name
Once you have chosen a business structure, the next step is to reserve a business name. You can check the availability of your desired business name on the Commercial Register’s website. If the name is available, you can reserve it for a fee. The reservation is valid for 30 days.
Prepare necessary documents
Before you can register your business, you will need to prepare several necessary documents. These include:
Articles of Association: This document outlines the rules and regulations of your business, such as the purpose of the company, the number of shareholders, and the distribution of profits and losses.
Shareholders agreement: This document outlines the agreement between the shareholders, including their rights and obligations.
Founder’s declaration: This is a document that states that the company has been founded and who the founders are.
Board of directors decision: This is a document that approves the establishment of the company and appoints the board of directors.
Register your business
Once you have prepared all the necessary documents, you can register your business online via the Commercial Register’s website. The registration process involves filling out an application form, uploading your documents, and paying a registration fee. The registration fee depends on the business structure you have chosen.
Obtain necessary permits and licenses
Depending on the nature of your business, you may need to obtain additional permits and licenses from relevant authorities. For example, if you plan to open a restaurant, you will need to obtain a food service permit from the Estonian Veterinary and Food Board. You can find information on necessary permits and licenses on the Business Register’s website.
Register for taxes
Finally, you will need to register for taxes with the Estonian Tax and Customs Board. You can register online via their website or in person at one of their service points. You will need to provide information such as your business name, registration number, and contact information.
In conclusion, registering a business in Estonia is a straightforward process. However, it can be time-consuming and complex, especially if you are unfamiliar with Estonian regulations and procedures. Generis Global, our firm, can help you with the legal part of your business journey in Estonia. Our team of experienced lawyers can guide you through the registration process and ensure that your business complies with all Estonian laws and regulations. Contact us to learn more about how we can help you establish and grow your business in Estonia.