Company formation – VIRTUAL OFFICE IN ESTONIA

Can I reserve a business name before establishing the company?

A legal entity can reserve a business name for six months.

A legal entity can have one business name reservation at a time. A legal entity with the same business name cannot book a second time.

When reserving a business name, you must choose the legal form and field of activity for which the business name will be used. The reserved business name can only be used in the selected legal form and field of activity.

For a good reason, the reservation can be extended once for three months no later than 5 working days before the original reservation expires.

Can I order a Virtual Office Service prior to establishing a company?

Certainly.

In fact, having a legal address and a contact person residing in Estonia are prerequisites for the establishment of an Estonian company, particularly when the board members are based outside of Estonia.

These requirements are compulsory in order to comply with Estonian business laws and regulations.

How is the legal address registered for the company?

When establishing a company, the legal address is drawn up by the founder or founders in the process of establishing.

The address will be indicated also in the decision on the establishment of the company, the Articles of Association.

The address will be shown on the business registry registration card.

Who is eligible to open an entrepreneur account?

All individuals with an Estonian personal identification code (including e-residents) can open an entrepreneur account.

A business account is a good alternative if you don’t want to own a company. Taxes are calculated and paid automatically.

When using an entrepreneur account, the person cannot be a VAT liable person or operate as a self-employed person (FIE) in the same or similar area of activity.

If a customer is currently registered with the Unemployment Insurance Fund as unemployed and opens an entrepreneur account through the bank, this information will reach the Unemployment Insurance Fund and the customer’s unemployed status will end, regardless of whether the customer has received any funds on the entrepreneur account.

In what form are the documents of incorporation handed over?

If a company or non profit association is established remotely, no documents will be received on paper immediately.

Each founder can download and print copies of the commercial register free of charge.

In the exceptional case, if the incorporation takes place with a Public Notary, then the verified documents on paper can also be received immediately.

If there is a need to use these papers abroad, they must be legalized through the apostille:

Apostilled Documents

All information, founding documents, statutes, annual reports, court decisions, etc. are publicly available from the e-environment of the business registry.

Additional info: