Virtual Office FAQ

Company formation (2)

  1. Private limited company

There is no personal responsibility. Unless the shareholder or member of the management board does something criminally or directly to the detriment of the private limited company. For example, a company takes property. This needs to be done more cunningly.

2. General partnership

The shareholder is fully responsible. One shareholder is also appointed as a member of the management board, while the other shareholder remains anonymous. That must be kept in mind.

3. Non-profit organisation

It shouldn’t be here, but it is. But often the name does not correspond to the real thing. A business can be done that meets business objectives. There is no responsibility until something is done criminally.

 

Categories: Company formation, General
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All individuals with an Estonian personal identification code (including e-residents) can open an entrepreneur account.

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 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.

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General (1)

  1. Private limited company

There is no personal responsibility. Unless the shareholder or member of the management board does something criminally or directly to the detriment of the private limited company. For example, a company takes property. This needs to be done more cunningly.

2. General partnership

The shareholder is fully responsible. One shareholder is also appointed as a member of the management board, while the other shareholder remains anonymous. That must be kept in mind.

3. Non-profit organisation

It shouldn’t be here, but it is. But often the name does not correspond to the real thing. A business can be done that meets business objectives. There is no responsibility until something is done criminally.

 

Categories: Company formation, General
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Package ONE (1)

Not immediately. Those who actually live in the respective country can still be in the population register.

However, our address service can be the first step in this chain. At the beginning of the address, then the company, then the business, then being in Estonia for at least 6 months a year, etc.

One solution is to buy real estate in Estonia and live here for at least 6 months and then submit an application to the relevant local government where they live in order to be registered in the population register.

Category: Package ONE
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Taxis in Estonia (1)

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

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 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.

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