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No, I wasn't suggesting that the purpose is to illegally avoid taxes. The two reasons advertised for running a business in Estonia are: * The paperwork is dig

No, I wasn't suggesting that the purpose is to illegally avoid taxes. The two reasons advertised for running a business in Estonia are: * The paperwork is digital, and pretty quick and simple. But of course, even if it is quick and simple compared to plenty of other countries, it is still a new foreign environment. Handling a bit more paperwork locally might be easier than handling less paperwork in a foreign country over the internet. I would expect this to be an attractive choice for example for entrepreneurs in Italy or Greece, but perhaps not in the US. * Legally paying less corporate taxes. As long as you keep the money in the company for future expenses and investments, there is no tax on profit. This has been attractive to companies in Finland and Sweden who are moving some of their operations here. I was just trying to say that if someone's main reason for getting Estonian e-residency and starting a company in Estonia is to legally pay less tax in total, then they will need to investigate their local tax laws for "income earned from dividends abroad" before making that decision as well. Let me know if you have any other questions!

siscia 11y ago
Of course, of course... I was agreeing with you :) Nobody here wants to illegally avoid taxes :D I am the author of the post, and my main concerned are about the fixed cost of run a company from estonia... There are any expense that you need to pay no mater if you do business or not ? Can I do my own accounting or I need someone who speak/write estonee ? Do I need a phisical address in estonia to set up a company ?
- estsaurus 11y ago
  > There are any expense that you need to pay no mater if you do business or not? After the initial 180 EUR registration fee, there are no recurring fees. If it's a very small company, then you need to submit accounting documents once per year. If you have employees, or if you make more than 16k EUR in sales per year (and therefore need to register for VAT), then once per month. Couple of times per year you might get questionnaires from the statistics office that need to be filled out. These do not incur fees, unless you get an accountant. > Can I do my own accounting or I need someone who speak/write estonee? It is feasible to do the accounting and everything on your own if you spend a few days reading instructions online. The online systems, and relevant laws tend seem to be all available in English as well. However, if you fall into the "reports once per month" group, then getting an accountant is still probably a better use of your time. I could do it myself, but I prefer to pay 40 EUR / month to an accountant not to have to worry about the deadlines and things. > Do I need a phisical address in estonia to set up a company ? Not sure, sorry.
  - siscia 11y ago
    Thank you so much, so valuable information :)

siscia 11y ago

Of course, of course... I was agreeing with you :) Nobody here wants to illegally avoid taxes :D I am the author of the post, and my main concerned are about the fixed cost of run a company from estonia... There are any expense that you need to pay no mater if you do business or not ? Can I do my own accounting or I need someone who speak/write estonee ? Do I need a phisical address in estonia to set up a company ?

estsaurus 11y ago
> There are any expense that you need to pay no mater if you do business or not? After the initial 180 EUR registration fee, there are no recurring fees. If it's a very small company, then you need to submit accounting documents once per year. If you have employees, or if you make more than 16k EUR in sales per year (and therefore need to register for VAT), then once per month. Couple of times per year you might get questionnaires from the statistics office that need to be filled out. These do not incur fees, unless you get an accountant. > Can I do my own accounting or I need someone who speak/write estonee? It is feasible to do the accounting and everything on your own if you spend a few days reading instructions online. The online systems, and relevant laws tend seem to be all available in English as well. However, if you fall into the "reports once per month" group, then getting an accountant is still probably a better use of your time. I could do it myself, but I prefer to pay 40 EUR / month to an accountant not to have to worry about the deadlines and things. > Do I need a phisical address in estonia to set up a company ? Not sure, sorry.
- siscia 11y ago
  Thank you so much, so valuable information :)