WHY
is it a good idea to set up a company in Estonia?
Estonia is an attractive destination for start-ups because of its powerful education system, highly digitised procedures and the ease of obtaining work and business visas. Estonia's economy is growing and state fees, incorporation and administrative costs are low. Estonia has a clear tax system without progressive taxes. Founders and board members do not have to be Estonian residents. Estonia consistently ranks high in the world in terms of human capital, digital capability and ease of doing business.
Which business form to choose?
Before you start a business, you need to choose your business form. Lately, entrepreneurs are faced with the dilemma of "Which business form is better?", "What to choose?", "How to spend less money?". What to choose? Here's detailed information that should help you find a solution in a similar situation and help you choose a business form without hassle. Once you've made your decision, we'll be happy to help you get started!
OÜ Private
Limited Company
Establishment time 1-5 working days
A private limited company is a company whose share capital is divided into shares. The limited liability company is liable for its obligations with all its assets. To set up a private limited company, you need to draw up articles of association, a memorandum of association and the possibility to digitally sign the documents. If a digital signature is not possible, a notary can be used.
AS Public
limited company
Establishment time 1-5 working days
A public limited company (PLC) can be established by one or more natural or legal persons, with or without the subscription of shares. The company is liable for its obligations with all its assets. To set up a limited company, the memorandum of association is signed and the articles of association are approved. The founders sign the articles of association.
If there is only one founding member, they sign the founding decision. The memorandum and articles of association must be notarised. tõestatud.
General
Partnership
Establishment time 1-5 working days
The general partnership and the limited partnership are relatively few common forms of company in Estonia, which are suitable for the involvement of a larger number of shareholders and for supporting the economic activities of shareholders. A general partnership must have at least two partners who operate under a common business name and are jointly and severally liable for the obligations of the partnership with all their assets.
Limited
Partnership
Establishment time 1-5 working days
In a limited partnership, two or more persons act under a common business name. At least one of these persons is a general partner who is liable for the obligations of the partnership to the extent of all its assets and at least one of these persons is a limited partner who is liable for the obligations of the partnership to the extent of its contribution. State fees and notary fees for general and limited partnerships are low compared to other companies.