Large business setup in Estonia
Launching a big company requires thorough preparation and effort, as well as considering specific hurdles and elements. We will explore the benefits of establishing a sizable company in Estonia and how our tailored solutions can help you succeed.
The process of setting up a large business
Creating a major corporation in Estonia involves a similar procedure to founding a small or medium-sized company. Nevertheless, because of its size and intricacy, establishing a large business usually demands additional time and resources. The following steps outline the process:
Choose a business name
The name of the business must be original and not currently in use. You can verify if a name is available on the Estonia Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your big company. We offer expert advice on Limited Liability Company (OÜ), Public Limited Company (AS), Branch Office, Holding Company to assist you in making an informed decision that fits your unique needs and future goals.
Set up legal address
It is crucial to have a legal address when beginning a business, as it acts as the primary point of contact for government agencies, legal authorities, and important business communications. Selecting a legal address that complies with local regulations and meets your business needs is essential.
Get the necessary paperwork ready
Our team of professionals will assist you in developing accurate and comprehensive documentation tailored to your company’s specific structure and objectives. We ensure compliance with all applicable legal requirements and will handle the submission process on your behalf.
Open a bank account
We will help you with every step of the process of opening a bank account, making sure that the company follows the regulations and selecting a trustworthy financial institution for your Estonia bank account.
Company registration
We manage the registration procedure with entities such as the Trade and Companies Register and tax authorities, taking away the administrative hassle from you. This ensures that your business is officially recognized and compliant from the beginning.
Setup accounting
In order to successfully start a major business, it is crucial to keep precise financial records. Our group of accounting professionals can assist in implementing efficient accounting and bookkeeping processes that adhere to Estonia’s regulations.
Large business examples
Some examples of large-sized businesses include those that operate in various industries and sectors, each with their own unique requirements.
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Estonia
Estonia is an attractive location for setting up large businesses, providing numerous benefits.
Strategic location
Estonia’s advancements in digital technology, supportive environment for tech companies, and opportunities in technology and e-governance make it a desirable location for companies seeking innovative solutions. The country’s well-developed digital infrastructure, favorable government regulations, and thriving startup community offer many benefits for businesses wanting to enter the European market.
Favorable tax regime
Estonia’s corporate income tax system stands out for its exemption of taxes on profits that are retained and reinvested. The standard flat rate is 20%, but a lower rate may be applied to profits that are distributed. Estonia is renowned for its focus on digital innovation and for being a welcoming environment for startups.
Banking
Estonia’s advancements in digital banking and its tech-friendly atmosphere open up possibilities for new financial services and investment in a country that is recognized for its digital progress and business-friendly regulations.
Our Large business setup solutions
We understand how valuable your time and resources are, which is why we offer two convenient options to make the process of setting up a company easier.
Business formation online
By utilizing the online platform offered by Estonia, individuals can start and finish the process of setting up a business from any location. The option to track progress, submit necessary paperwork, and access our services via secure digital platforms guarantees a seamless and convenient experience.
Business formation remotely
If you would like a more hands-off approach, we are happy to take care of all the paperwork for you. Our team of experts will handle all the necessary formalities, complete the required paperwork, and communicate with the relevant authorities on your behalf to ensure your peace of mind.
Contact us
Contact us now to schedule a consultation and begin pursuing your business goals. We can start this journey together by taking the initial step.