Updated for AccRes. This AccRes guide to “Why Estonia?” has been refreshed for the new knowledge base: the practical workflow is kept intact, with added context for AccRes clients and a reminder to check the service interface against the screenshots before following the steps.
Estonia is attractive for the following reasons for opening a company here:
- no income tax (in Estonia there is no tax on retained earnings, i.e. if you do not take money out of the company for non-business purposes, you will not have an income tax)
- Managing your company without coming to Estonia (with the e-resident card you can manage your company from anywhere in the world, and you can delegate your authority to an Estonian representative, for example to file tax returns for your company)
- European jurisdiction (Estonia is a member state of the European Union and all European directives and rights apply here. European Union law takes precedence over Estonian law)
- less bureaucracy (all communication with public authorities is possible completely electronically)
- Simple tax system (practically a single taxation system for all legal entities)