Category: Company

How to start your company with e-Residency in 4 steps

e-Residency allows aliens to set up a company in Estonia remotely by providing online access to government services


1. Get an e-Resident card

You can enjoy the benefits of e-Residency once you have obtained your Estonian digital ID — e-Residence card.

All you need to do at that stage is to submit your application. The process takes place online and is indeed straightforward.

The applications form is available on the e-Residency official website:

You need to prepare some documents beforehand:

  • copy of your verified ID
  • passport-style photo
  • motivation statement
  • Visa or Mastercard

While submitting the application, you will be asked to pay a state fee and choose a pick-up location for your e-Resident card kit. The state fee is 100–120 EUR depending on the pick-up location.

Once submitted, check your email for confirmation and wait for your application’s approval, which usually takes between 4 and 8 weeks.

After receiving positive news, first of all, we congratulate you and kindly remind you to take your ID and pick up the kit strictly by yourself.

2. Take care of legal address and a contact person based in Estonia

It is an absolute requirement to have both in order to set up your company with an e-Resident card.

It is well-known that Estonia is a good place for business as it welcomes every entrepreneur. Estonian legislation proves this fact. Whilst it may sound not very pleasant by its complexity, company registration in Estonia doesn’t take piles of documents. Just make sure to have a legal address and a contact person in Estonia — and bear in mind, we are here to help with both.

3. Choose the name, decide on Management Board, set up accountancy, and figure out the taxation — give it a good start, fill up this form:

4. Grow your business and enjoy multiple advantages of e-Residency!

e-Residency provides your company with freedom. Manage the process entirely online by submitting, signing, and securing all the documents remotely. Make your company global without a hard effort but by taking the proper advantage.

The favorable tax system, unlimited fintech opportunities, and business market full of talents and enthusiasm — go for it and join the community of successful people. We will help you at this very first and the most significant stage.

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How to change the Estonian company name in the Estonian business portal?

From time to time there is a need to change the company name. Everyone knows their own reason why they need to do it.

Whatever the reason for the company name change, you have all the right in the world to do so. Let’s go through the procedure of changing the Estonian company name below.

The name can be changed in the business registry using your e-Residency card and also with Estonian, Latvian, Lithuanian, and Belgium ID-Card with Estonian and Lithuanian Mobile-ID.

Steps:

  1. You have to go to rik.ee
  2. Log in to the Estonian company portal
  3. Click on the name of your Estonian company
  4. Start the alteration petition

As the first step, you can navigate to the tab called “Business name”, and pick the new company name you want to use.

It’s not bad to check that the new name is usable. Fortunately, the system itself automatically announces whether companies with similar names already exist or whether a trademark is registered under a similar name.

Once this is done, you need to upload some documentation. By scrolling down, you can find the tab called “Add Documents”

You need to upload:

a) The updated articles of association of the company
b) The shareholder decision of the meeting

All the new documents should be digitally signed. Usually, it’s sufficient if one member of the management board signs the document, but sometimes there might be an additional approval required if you’ve added this clause to the representation rights of your company’s articles of association.

How to update the articles of association? 

  1. You can copy the existing AoA which you have in the business registry
  2. Paste it to the Word file
  3. Make the desired name change
  4. Convert it back to the PDF file
  5. Sign it with the e-residency card
  6. Upload the signed documents to the business registry

That’s it.

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