Letting someone go is never easy. But in Estonia, it’s not just about paperwork — layoffs come with real financial obligations you need to plan for. Let’s break them down clearly so you can avoid surprise bills and keep your cash flow predictable.
Letting someone go is never easy. But in Estonia, it’s not just about paperwork — layoffs come with real financial obligations you need to plan for. Let’s break them down clearly so you can avoid surprise bills and keep your cash flow predictable.
To successfully run a business in Estonia, it is important not only to carefully manage your accounting, but also to choose effective ways to manage financial processes. The main dilemma for many companies is whether to hire an in-house accountant or outsource accounting services. In this article we will look at the benefits of cooperation with Magrat and figure out how to best respond to typical customer objections.
For international tech startups looking to enter the European market, Estonia has emerged as the go-to gateway. Much like Delaware in the U.S.—the state famous for its business-friendly incorporation laws—Estonia has built a reputation as the “Delaware of Europe.”
To incorporate a company in Estonia with the help of Magrat, certain documents must be properly notarized and, in many cases, legalized. Below is a step-by-step guide to ensure your documents meet Estonian legal requirements.
Estonia’s e-Residency program has quickly become a top choice for entrepreneurs worldwide, thanks to its streamlined digital processes and attractive tax environment. But simply registering your company (OÜ) isn’t enough – Estonia requires a genuine economic presence or “substance” for long-term success and access to valuable VAT benefits.
Discover how setting up a simple EU business can save your company thousands in tariffs and taxes.
For Spanish entrepreneurs considering e-Residency to launch their businesses in Estonia, understanding the concept of permanent establishment (PE) is essential. Permanent establishment (PE) determines the particular country in which your company is subject to taxation and can shape how your business operates across borders. The critical question is whether your company’s value is primarily created in Spain or if its business substance will be predominantly located in Estonia. This distinction plays a crucial role in determining your tax obligations and business strategy.
Benefits of outsourcing accounting with Magrat…
In the busy world of financial services, being trustworthy and competent is very important. The Association of Estonian Accountants (AEA or ERK in Estonian) plays a big role in maintaining these standards through its special program called ERK Recognised Accounting Firm (Eesti Raamatupidajate Kogu Tunnustatud Raamatupidamisettevõte) certificate.