5 REASONS WHY ESTONIA IS AN INTERESTING COUNTRY TO OPEN A COMPANY IN:
During the last few years, Estonia became one of the most attractive young countries for starting your own business. This has been possible thanks to some innovative reformers that Estonian governments took all over the years.
Here are the 5 reasons why, according to us, Estonia is the country you needed in which open your company.
1. E-RESIDENCY IS WHAT YOU NEEDED
Estonia was the first country worldwide to give the opportunity to be digital residents without the need to booking a plane for coming to Estonia, thanks to the e-Residency program. If you want to know more about the e-Residency program, we wrote a blog for you in which we explain what is it, what can you do with it and how much does it cost.
Besides all the things you can do with an e-Residency card, for sure the most attractive is that you can register and run an Estonian business online: you don’t need to be a physical resident or a citizen of Estonia.
With the e-Residency card, you can encrypt and send documents securely, sign documents and contracts digitally, make transactions, and declare Estonian taxes – and you will do all those things online!
We also wrote for you a guide in which we explain how to apply for e-Residency; if you are interested you can check here. In any case, our team is ready to provide you with all the information you need.
2. TO SET UP A BUSINESS HAS NEVER BEEN SO EASY!
You need only 3 hours to open a company in Estonia, and you will do it all online!
This is true unless you don’t have an e-Residency card. Indeed, you will need to go to a notary for validating your document without it.
Having an e-Residency card is not only useful for digitally sign and so validate your documents, but also for the successive steps that you will need to do, as paying taxes, managing your company, and so on.
So, our team strongly advises getting an e-Residency kit: it’s simple, cheap, you have our help and it will make your life easier!
Remember: you need a legal Estonian address to register a business in Estonia! If you need help with this, we already have the solution for you!
3. MODERN BANKING SOLUTIONS
If you want to open a company in Estonia you need a bank account. For opening a traditional bank account, you necessarily have to book a flight to Estonia: according to be compliant with the KYC policies, a physical presence is requested.
But wait a moment… do you really need a traditional bank account in order to operate your business?
No, you don’t!
For opening your Estonian business, you can use other and more comfortable solutions:
- You can choose to open a traditional bank account in any of the other countries that are in the European Economic Area (EEA);
- Or you may prefer one of the several fintech solutions (Wise, Revolut, N26, …).
Yes! In order to run your company in Estonia, you don’t need inevitably a traditional bank account. You can just download an app on your phone and wait for the card to be delivered to your place. That’s awesome! Don’t you think?
You can find more about this matter in the blog we wrote for you here.
4. MANAGE YOUR BUSINESS REMOTELY
Thanks again to e-Residency, for supervise your business and administer it you don’t need to be in Estonia. You can easily manage your company from your personal computer!
Estonian business system is developed for helping those who want to expand or open a new business but don’t want bothers and wastes of money and time. The only reason why you will need to book a ticket for Estonia is if you want to open a bank account in local banks.
5. LOW BUREAUCRACY!
As you might get it already, the entire Estonian business ecosystem (obtaining e-Residency, opening a company, banking, declaring taxes) has been built for giving you the fewer hassles as possible: this means that administrative paperwork and bureaucracy are kept to the minimum as possible!
But if you want to leave all administrative burdens to us (accounting, legal aspects, …), your life will be even easier! You can know more about our services by contacting us.
Estonian became a really interesting country for running a new business or expanding an already existing one, and not only because of the reasons we’ve just listed. Indeed, it’s really interesting also the Estonian tax system: we wrote a really interesting blog about it here.
Anyway, Eresidents is always ready for solving your doubts and helping you with managing your business.