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The first step is to apply for e-residency in Estonia. E-residency allows individuals to establish and manage a business online, without physically residing in the country. The application can be submitted online, and once approved, you'll receive a digital ID card that enables you to sign documents electronically.
After becoming an e-resident, you can choose a service provider to help establish and manage your company. My1Office is one such service provider that simplifies the process.
With your e-residency and chosen service provider, you can proceed to register your company online. My1Office, for example, provides a user-friendly platform that allows you to fill out the required forms, upload necessary documents, and complete the registration process with ease.
Efficiently running a company in Estonia involves compliance with legal and regulatory standards while taking advantage of the country's digital infrastructure.
Understand and comply with Estonia's tax regulations. The country has a transparent and straightforward tax system, including a flat corporate income tax rate. Regularly file tax returns and meet deadlines to avoid penalties.
Fulfill annual reporting requirements, including submitting financial statements and reports to the Estonian Business Register. Keep accurate records of financial transactions and ensure compliance with accounting standards.
Estonia's business environment is known for its innovation, digital infrastructure, and ease of doing business.
E-Government and Digital Society: Estonia has embraced digitalization, offering a wide range of e-government services. The e-residency program allows foreign entrepreneurs to establish and manage businesses online, streamlining processes like company registration, tax filing, and document signing.
Ease of Doing Business: Estonia consistently ranks high in global ease of doing business indices. The country's efficient bureaucracy, straightforward regulations, and minimal red tape contribute to a business-friendly environment.
Flat Tax System: Estonia operates on a flat tax system, with a single corporate income tax rate of 22%. This simplicity attracts businesses, as it eliminates complexities associated with progressive tax systems.
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