Estonia’s
economy has
boomed in recent
years as it
has pursued
a liberal business
agenda in preparation
for EU membership
which was finally
achieved in
2004. Foreign
investment has
flooded into
this small Baltic
state enabling
it to create
a relatively
relaxed environment
for the international
business community.
REQUIREMENTS
The
minimum
share capital
for an OÜ(Ltd)
is EEK 40,000
(€2,550).
Auditors
required
if share
capital
exceeds
EEK 400,000
(€25,500)..
At
least half
the members
of the Board
of Management
must be
resident
in Estonia.
A
nominee
Estonian
director
will be
included
in the cost
for the
first year.
The
business
plan needs
to be provided
to the VAT
office together
with copies
of contracts
and any
invoices
that prove
that you
are going
to or are
trading
in the EU
or through
Estonia.
FEES
Company
formation,
bank account,
nominee
director
(1 year),
registered
office (1year)
and VAT
registration:
£1,868.90
ex.VAT.
Costs - After First year
Registered
address
facility
(1 year)
£150.
Nominee
Director:
3.Nominee
director
(in accordance
with Estonian
Law Member
of the Management
Board. The
cost is
£750 per
year.
OFFICES
Virtual
office (includes
telephone,
fax and
mail forwarding
facilities):
£200 per
month payable
quarterly
in advance
plus £600
deposit
refundable
within 30
days upon
termination
of your
office contract.
Serviced
office:
cost as
per requirement.
ACCOUNTANCY
Quote
based upon
approximate
number of
monthly
invoices
and projected
annual turnover.
HOW DO I PROCEED?
In order to commence the formation procedure, we will require the following:
A
completed
application
form.
A
certified
copy of
each director/shareholders
passport.
Two
utility
bills that
are less
than three
months old.
