Company incorporation with a founder—foreign legal person during a visit to Tallinn

1325 € item


A company in Estonia is a recognised tool that offers broad opportunities for running a global business from anywhere in the world. Both a natural and legal person can incorporate an Estonian company. If necessary, Margat can assist in the incorporation of a new Estonian company by a foreign legal person during your visit to Tallinn. 

Advantages of Estonia as a platform for international business operation include: 

  • no undistributed corporate profit tax, whereas Estonia is not a blacklisted low-tax jurisdiction 
  • double tax treaties with over 80 countries 
  • registering and administering the company remotely from any location in the world through the e-Residency system  
  • minimum bureaucracy and administrative burden on an entrepreneur 
  • professional client-oriented service by the taxation department in Russian, English and Estonian focused on facilitating the company’s decisions 
  • an opportunity for a foreigner from any country to become a sole proprietor and director of the Estonian company 
  • no obligation to have a bank account in Estonia: an Estonian company can open accounts in any bank in the world, although tax treatment remains unchanged 
  • stable legal system since Estonia is a member of the European Union and European Economic and Monetary Union 
  • an opportunity to obtain a European VAT identification number, trade in the EU market is free from customs duties  
  • innovative legislation that recognises cryptocurrencies as legal tender, an opportunity to obtain state licences for cryptocurrency transactions  
  • unique high-technology sector: Estonia has the largest number of tech unicorns per capita 
  • government business support programs 
  • an opportunity to obtain a residence permit in Estonia that allows visa-free travel within the Schengen Area, no immigration quotes for IT specialists.   
  • tax exemption for shipping companies


The cost of incorporating a company in Estonia for a foreign legal person with a visit to Tallinn is 1,325 euros, including the state fee of 200 euros. This amount does not include VAT, which can be applied.

Why choose Magrat?

  • Magrat is a licensed trust and company services provider (license №FIU000154) with the right to act as a Contact Person for non-residents of Estonia  
  • Magrat is an authorised participant of the e-Residency program registered as a business service provider in the e-Residency Marketplace 
  • our team comprises successful and experienced lawyers who have been specialising in the incorporation and support of Estonian companies since 2009
  • we provide an individual approach to each client
  • we take into account all nuances of corporate law in Estonia
  • we offer comprehensive company support including contact person service, postal address or physical office renting, bookkeeping, bank account opening assistance

What does the price include?

  • the state fee of 145 euros for the registration of a company
  • company name availability check
  • preparation of standard Articles of Association (OÜ—limited liability company)
  • preparation of a registration application for one legal person–shareholder/one natural person—board member (director)
  • arrangement of a meeting with a notary to submit the application for the registration of a company 
  • accompaniment of the Client to a notary to submit the application for the registration of a company
  • preparation of Magrat’s official consent to act as a Contact Person for the Company according to i.631 (5) of the Commercial Code, submission of the consent to the Commercial Register
  • verification of completeness and validity of the corporate documents of the legal person 
  • verification of the corporate documents by a notary 
  • transfer of the corporate documents submitted by the Client to a notary
  • support during registration of the minimum share capital in the amount of 2,500 euros in a monetary or non-monetary way:

In the case of a non-monetary contribution of the share capital, which does not exceed 2,500 euros 

  • preparation of the founders’ decision on a non-monetary share capital contribution 
  • preparation of non-standard Articles of Association allowing for a non-monetary contribution 
  • preparation of the Contribution Agreement confirming that the contribution has been transferred to the company account and its value is equal to the value of the share 
  • representation of the Client before a notary 

In the case of a monetary contribution 

  • communication support with a bank or a payment system for obtaining a share capital contribution certificate 
  • representation of the Client before a notary for submission of the documents confirming the monetary share capital contribution

Our price does not include

  • contact person service (mandatory, if the board of the company is located outside Estonia)–200 euros per 12 months
  • the fee for an additional founder/board member 
  • the postal and legal addresses of the company. The Client can choose one of the following options: 
    • unique legal address «Kreutzwaldi 4–7, office № …, Tallinn». The cost of renting a private office is from 350 euros per month + utility cost + VAT
    • unique legal address «Kreutzwaldi 4–7, workplace № …, Tallinn». The cost of renting a dedicated desk at the co-working space is 180 euros per month + VAT
    • legal address «Kreutzwaldi 4–7, Tallinn». The cost of renting a shared place at the co-working space is 99 euros + VAT
    • the postal address to be included in the Register indicates the location of the board of the company in the foreign country. The cost of address is 200 euros per 12 months + VAT
  • hard copies of the notarised and apostilled corporate documents 
  • communication with the foreign company’ provider of corporate services  
  • preparation and notarisation of the original corporate documents in the country of the founder–foreign legal person 
  • sending documents by post to/from Estonia  
  • translation of documents 
  • bookkeeping
  • assistance in opening an account in a bank (from 1,000 euros) or payment system (500 euros)
  • assistance in obtaining an Estonian VAT identification number: cost of preparing an application to register a VAT payer is 300 euros 
  • assistance in obtaining a VAT identification number in another country in the EU–by request 

In the case of the non-monetary contribution

  • non-monetary items 
  • sending the originals of the documents by post, if required 
    • preparing the documents for non-monetary contribution represented by real estate, car, or other property subject to registration 

In the case of the monetary contribution

  • share capital in the amount of 2,500 euros
  • opening of an account of a physical person (200 euros) and a company account in a payment system (600 euros)

What is required from the Client?

  • high-quality copies of identification documents of each board member and founder of the Estonian company in PDF or JPEG format 
  • contact details of each shareholder and member of the Board of the Estonian company: telephone numbers, emails, addresses
  • for the founders–legal persons: notarised corporate documents disclosing the ownership structure of the entities including their final beneficiaries, and proving the authorities of their representatives  
  • for the director of the foreign legal entity: passport copy, proof of residency (Utility Bill), contact details (telephone number, email) 
  • for the final beneficiary of the legal entity: passport copy, proof of residency (Utility Bill) contact details (telephone number, email)  
  • a copy of both sides of the e-resident’s digi-ID card, if you have it
  • a resume (СV)
  • contact details of the Estonian company for the Commercial Registry: telephone number, email  
  • information about beneficial owners of the Estonian company 
  • information about each shareholder’s stake 
  • variants of the company name (three options in descending order of preference)
  • a short description of the company’s field of activity  

In the case of non-monetary contribution:

  • information about assets, which will be contributed as the share capital 

In the case of monetary contribution:

  • transfer of the share capital amount from the personal account to the company account 
  • sending of the payment orders to a bank or payment system according to Magrat’s instructions


After the incorporation and registration of your company in the Commercial Registry of Estonia, you will receive the company’s constituent documents in digital form (PDF):

  • detailed extract from the Estonian Commercial Register in English
  • Articles of Association in Estonian


The registration process takes 5 business days from the submission of the application to the Commercial Registry. The time for preparing an application depends on how quickly the Client presents the required documents and information, wherein:

In the case of a non-monetary contribution

Preparation of the necessary package of the documents takes 1–2 business days upon receipt of the required information from the Client.

In the case of a monetary contribution

The time for issuing a capital contribution statement depends on the financial institutions and rarely exceeds 2 weeks. However, the procedure may take longer if a bank requests additional information from the Client.

You may also be interested in

  • company incorporation during a visit to Tallinn 
  • remote company incorporation by proxy
  • share capital contribution at company incorporation  
  • notarised corporate documents of an Estonian company 
  • VAT and EORI identification numbers for an Estonian company  
  • bookkeeping
  • opening an account in a bank or payment system