Set up an Estonian Limited Company
Estonia is, perhaps, the most technologically advanced country in the world when it comes to government. During the last years the legislative body, voting, education, justice, healthcare, banking, taxes, and policing areas have been digitized in a single platform under the E-Estonia Project.
In addition, Estonia is the first country in the world to introduce the E-Residency concept, which is a transnational digital identity card for non-Estonian citizens issued and backed by the Estonian Government.
Estonia has become a technology hub during the last decade where dozens of successful startups have taken off.
Tech entrepreneurs are usually attracted by its simple and relatively reasonable tax environment – no tax on retained profits and a 20% tax on distributed profits. Also, its ease of corporate compliance as all mandatory filings can be done electronically via its e-Residency card. This card is a transnational digital identity card for non-Estonian citizens issued and backed by the Estonian Government.
For blockchain companies, Estonia provides the most affordable and easiest licensing process for Cryptocurrency exchanges and Cryptocurrency Wallet Service Providers. At the time of writing, more than 800 ‘crypto’ licenses have been already issued.
Obtaining a ‘crypto’ license costs a few thousand dollars and there are no additional capitalization requirements other than the EUR 2,500 standard incorporation cost for all private limited companies.
Estonian companies may also be considered by certain e-commerce and internet entrepreneurs as it offers a low-cost set up and has access to the broad range of payment processing options in the European Economic Area.
