Remote company incorporation by proxy for a natural person

1050 € item

Goals

A company in Estonia is a recognised tool that offers broad opportunities for running a global business from anywhere in the world. Our service package “Company incorporation without a visit to Tallinn” suits you best if you do not hold an e-resident digi-ID card but need to incorporate a company without visiting 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 programmes 
  • 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

Price

The cost of company incorporation without a visit to Tallinn for a natural person is 1,050 euros, including the state fee of 145 euros. The price does not include VAT, which can be applied.

Why choose Magrat?

  • Magrat is a licenced trust and company service provider (licence №FIU000154) with the right to act as a Contact Person for non-residents of Estonia  
  • Magrat is an authorised participant of the e-Residency programme 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 application processing
  • company name availability check
  • preparation of standard Articles of Association (OÜ—limited liability company)
  • draft of the power of attorney to represent the Client before a notary 
  • sworn translation of the power of attorney in Estonian  
  • preparation of the registration application for one founder—natural person 
  • preparation of the declaration of consent to act as a board member (director) for one natural person 
  • translation of the declaration of consent in Estonian 
  • arrangement of a meeting with a notary to submit the registration application 
  • representation of the Client before a notary
  • 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

Price does not include

  • notarisation of the power of attorney and declaration of consent in the Client’s country and sending them to Estonia by post 
  • contact person service (mandatory, if the board of the company is located outside Estonia)—200 euros per 12 months
  • support during registration of the minimum share capital of a limited liability company (OÜ), which is 2,500 euros. Natural persons can establish a company without contributing the share capital at registration. However, if the founders are legal persons, they should pay the share capital during the application process. Share capital registration support is not included in our incorporation service and is available at an additional cost of 200 euros
  • 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 costs + 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 the address is 200 euros per 12 months + VAT
  • hard copies of the notarised and apostilled corporate documents
  • bookkeeping
  • assistance in opening an account in a bank or payment system  
  • assistance in obtaining an Estonian VAT identification number: the cost of filing an application for registration of a VAT payer is 300 euros 
  • assistance in obtaining a VAT identification number in another country—by request 
  • participation of the legal persons in the registration as the founders

What is required from the Client?

  • a high-quality copy of an identification document in PDF or JPEG format 
  • a copy of both sides of the e-resident’s digi-ID card, if you have it 
  • a resume (СV)
  • contact details of each shareholder and member of the board of the Estonian company: telephone numbers, emails, addresses
  • contact details of the company for the Commercial Registry: telephone number, email  
  • information about beneficial owners of the Estonian company 
  • information about the shareholders’ stakes if there are several shareholders    
  • variants of the company name (three options in descending order of preference)
  • a brief description of the company’s field of activity

Results

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

Timing

The registration process takes 5 business days from the submission of the application to the Commercial Registry.

You may also be interested in

  • company incorporation for an Estonian e-resident 
  • company registration during a visit to Tallinn 
  • 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