Description

The most popular and easy-to-use organizational and legal form is a limited liability company or a mutual partnership – abbreviated (OU.). This is an analogue of a Russian limited liability company with the difference that in an Estonian partnership the share capital is divided into shares.

Advantages

• Tax rate – from 0%;
• Composition of the company – from one individual;
• Accounts are opened in banks from the top 25 of the European Union;
• Estonia is not blacklisted in any country;
• During the first year, there is no commission for transactions in euros;
• In Estonian banks, operations with rubles are possible, and the employees speak Russian;
• Possibility of obtaining a certificate of tax residency;
• Connection and maintenance of various financial services is cheaper than offshore;
• In the bank, currency conversion can be performed at the exchange rate;
• Control of financial transactions easily allows payments from Ukraine and Russia;
• The jurisdiction of the company coincides with the jurisdiction of the bank;
• A simple scheme for obtaining a residence permit based on an active business.

Taxes

Retained earnings tax is 0%. When distributing profits – 20% dividend tax. When paying salaries to non-residents, tax is not paid in Estonia.

Registration conditions

When registering a company in Estonia, a small share capital is sufficient, which is not necessary to deposit – from EUR 2,500.

OU management is a board that can consist of one member (minimum) or several. Only individuals – residents of any country can be members of the board. If the number of board members is more than two, a chairman of the board is appointed. Members of the board are elected for an indefinite term, unless otherwise stipulated by the provisions of the charter.

Information about board members is registered and published in an open register.

Any person, both an individual and a legal entity, can be a shareholder of OU without a mandatory residency requirement. The minimum number of shareholders is one. As a rule, a board is appointed in the LLP, which consists of at least three members (shareholders).

Information about shareholders is also recorded and published in an open register.

Estonian legislation does not provide for the obligation of partnerships to have a secretary.

Services and prices

Registration of a company

The cost of registering a company with presence is 1150 EUR, remotely – 1350 EUR.

Stages of remote company registration:

• Preparing and sending a power of attorney;
• Certification by a notary;
• Making a payment in any convenient way;
• Sending a power of attorney by postal courier;
• Translation, notarization of the power of attorney;
• Registration of the company with a notary.

Accounting department

Accounting services up to 25 transactions – 90 EUR per month + annual report 90 EUR. The total amount for the year is 1170 EUR.