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It was low quality. Setting up a business in the UK, for example, costs £40. There's Estonia e-business registration, which is quite a well known thing for reg

It was low quality. Setting up a business in the UK, for example, costs £40. There's Estonia e-business registration, which is quite a well known thing for registered a startup in the EU, it costs about €350.

sparrc 4y ago
You've referenced by far two of the most innovative countries in Europe. What about all the rest? Is it easy to start a small business in Spain and Italy?
yasinaydin 4y ago
There are 2 ways to find a company in Estonia through E-residency: 1- Create it yourself (using your E-residency and various e-services) 2- Use a service provider that handles all the steps. Note that this method may have some limitations. Service providers can be found at marketplace[6] For the method 1, here are the costs: Finding company: - Creating a sole-proprietor company (FIE): 20 euros, one time [1] - or, Creating a limited company (OU): 200 euros, one time [2] Accounting: - Using Estonia's e-financials (yourself): free for first year, 5 euros starting next year [3] - or, using an accounting company. I used to pay once a year hourly rate for end of year taxation (R-Form) ~60euros a year. See marketplace [4] for other accounting companies. Other requirements: - An Estonian contact address is required to find a company. There are companies providing this service in E-residency Marketplace[5]. Last I checked it was from 5euros/month. - An Estonian contact person, if you are not a resident of Estonia. Same E-residency Marketplace[5] has some service providers. [1]: https://www.eesti.ee/en/doing-business/establishing-a-company/doing-business-as-a-sole-proprietor-fie#what-are-the-costs-of-registering-as-a-sole-proprietor https://www.eesti.ee/en/doing-business/establishing-a-compan...? [2]: https://www.eesti.ee/en/doing-business/establishing-a-company/establishing-a-private-limited-company-oue https://www.eesti.ee/en/doing-business/establishing-a-compan... [3]: https://www.rik.ee/en/e-financials/service-fee-0 https://www.rik.ee/en/e-financials/service-fee-0 [4]: https://marketplace.e-resident.gov.ee/?services=19 https://marketplace.e-resident.gov.ee/?services=19 [5]: https://marketplace.e-resident.gov.ee/?services=4 https://marketplace.e-resident.gov.ee/?services=4 [6]: https://marketplace.e-resident.gov.ee/ https://marketplace.e-resident.gov.ee/
Normille 4y ago
>It was low quality. Setting up a business in the UK, for example, costs £40.... £12. See my reply above: https://www.gov.uk/set-up-limited-company https://www.gov.uk/set-up-limited-company

sparrc 4y ago

You've referenced by far two of the most innovative countries in Europe. What about all the rest? Is it easy to start a small business in Spain and Italy?

yasinaydin 4y ago

There are 2 ways to find a company in Estonia through E-residency: 1- Create it yourself (using your E-residency and various e-services) 2- Use a service provider that handles all the steps. Note that this method may have some limitations. Service providers can be found at marketplace[6] For the method 1, here are the costs: Finding company: - Creating a sole-proprietor company (FIE): 20 euros, one time [1] - or, Creating a limited company (OU): 200 euros, one time [2] Accounting: - Using Estonia's e-financials (yourself): free for first year, 5 euros starting next year [3] - or, using an accounting company. I used to pay once a year hourly rate for end of year taxation (R-Form) ~60euros a year. See marketplace [4] for other accounting companies. Other requirements: - An Estonian contact address is required to find a company. There are companies providing this service in E-residency Marketplace[5]. Last I checked it was from 5euros/month. - An Estonian contact person, if you are not a resident of Estonia. Same E-residency Marketplace[5] has some service providers. [1]: https://www.eesti.ee/en/doing-business/establishing-a-company/doing-business-as-a-sole-proprietor-fie#what-are-the-costs-of-registering-as-a-sole-proprietor https://www.eesti.ee/en/doing-business/establishing-a-compan...? [2]: https://www.eesti.ee/en/doing-business/establishing-a-company/establishing-a-private-limited-company-oue https://www.eesti.ee/en/doing-business/establishing-a-compan... [3]: https://www.rik.ee/en/e-financials/service-fee-0 https://www.rik.ee/en/e-financials/service-fee-0 [4]: https://marketplace.e-resident.gov.ee/?services=19 https://marketplace.e-resident.gov.ee/?services=19 [5]: https://marketplace.e-resident.gov.ee/?services=4 https://marketplace.e-resident.gov.ee/?services=4 [6]: https://marketplace.e-resident.gov.ee/ https://marketplace.e-resident.gov.ee/

Normille 4y ago

>It was low quality. Setting up a business in the UK, for example, costs £40.... £12. See my reply above: https://www.gov.uk/set-up-limited-company https://www.gov.uk/set-up-limited-company