With so many countries to set up your company in, it can be difficult to know where you should settle. Each country has its own advantages and disadvantages, so you have to balance trying to decide which one is right for you.
For example, when it comes to setting up a company, not all countries are the same. Some have taxes so high that they will bankrupt you; others are so bureaucratic that your hair will turn gray before your first cup of coffee is even brewed.
For those who are just starting out as an entrepreneur or businessperson, the process of registering your company may seem like another unnecessary hurdle that can complicate your life even more than it is. However, companies have different legal needs depending on where you live and what kind of business you run. Therefore, for most people, the benefits of registering a company in Estonia will more than compensate for any difficulties with the administrative process. You can familiarize yourself with the process of registering a company in Estonia on the following website https://fpro.ee/en/company-registration/.
Contents
1. Estonia is a digital leader
If you can disregard administrative procedures and put yourself in the shoes of a digital entrepreneur, you can see why Estonia is a great choice for your company. Estonia has a strong and growing technology sector with a focus on e-commerce and online services. When it comes to the digital world, there are no other countries that can compete. The government has invested heavily in making the country a digital leader, and the Internet is present in every aspect of daily life.
2. No tax surprises
In Estonia the corporate tax on undistributed profits is 0%. This allows you to reinvest in your business up to an additional 20% of the funds received.
3. Вам понравится простота ведения бизнеса
One of the most significant advantages of registering your company in Estonia is the ease of doing business. This is partly due to the fact that Estonia is an EU member state. You will have access to an almost unlimited market, which makes it easier to enter the global market. In addition, being an EU member means that you will have access to the single market, which means that you will not have to worry about various customs regulations and taxes when selling your products both domestically and abroad.
There are almost 500 million customers living in the EU, and you will be able to reach this huge market through Estonia. It will also be easier for you to hire people and attract investments, because Estonia is an attractive country for other businesses to do business in. The World Bank ranks Estonia as the second easiest country in the world to do business in. This means that you can start your company quickly and easily, making it easier to expand your business and hire new employees.
4. Company registration is quick and easy
Another huge advantage of registering your company in Estonia is that the process is incredibly simple. You can register your company with the company registry online, and it will only take you a few minutes. You don’t even need to be physically located in Estonia to set up your company; you can do it from anywhere in the world.
Once your application has been processed, you will receive your company registration card, which will prove that you are the legal owner of the company. Once you have registered your company, you will receive an identification number that you can use when applying for state benefits and incentives. You will also receive an electronic tax card, which is the Estonian equivalent of a social security number.
5. Establishing a legal presence in the EU
Another important advantage of registering your company in Estonia is that you will be able to establish a legal presence in the EU. This means that you will be able to hire employees, file VAT returns, provide employees with health insurance and obtain an EU business license. You will also be able to open a bank account, sign contracts and pay taxes. Having a legal presence in the EU makes it easier for people to do business with you. They will be able to rely on the fact that your company is legal and has procedures in place to ensure that it operates legally and ethically.
Summary
So, when deciding where to register your company, there are many factors to consider. Estonia has a lot to offer, making it a great choice for those just starting out. The country has low taxes, is a digital leader and is easy to do business here. In addition, registering your company in Estonia will allow you to establish a legal presence in the EU, making it easier for you to do business.
