If you are one of the many micropreneurs who wish to start your business with less hassle, then e-residency is the key.
E-residency is getting access to Estonia’s programs and services such as banking, taxation, company information and processing of necessary documents for your business.
E-Residency Offers Convenience
Previously, becoming a citizen of Estonia can be difficult. You need to pass several tests. You need to undertake medical examinations, and you even have to pass their language examination.
It’s not exactly easy and it might require you a few months or years at most. The Estonian language can be phonetically and grammatically complex if you are not used to it. Today, you can set up your business in and from Estonia regardless of your location.
The operations, company setup, accounting, taxes, and payments can be done digitally. You simply need to have internet access and you are good to go.
Be a trendsetter and join the digital world today.
Boost your sales and make your business known to everyone!
Estonia currently ranks first in the International Tax Competitiveness Index. According to a report made by the Tax Foundation in the US, you will only be taxed at 20 percent on distributed profits by your company.
You are only taxed as individual income and not by dividend incomes. And there is a tax territorial system that says you will be 100 percent exempt from paying taxes if you have foreign profits while your company is registered in Estonia.
The taxes are low. At the moment, businesses which seek the highest returns invest in countries that have lower tax rates. More businesses have invested in Estonia’s e-residency. As a result, there is a high economic growth that is more than sufficient to fund other government programs that may attract other international investors.
The Tax and Customs Board requires all companies in Estonia to register as a VAT payer. As of the 1st of January 2018, if your annual taxable turnover exceeds 40,000 euros, you have to register and get an Estonian VAT number.
If the turnover is less than 40,000 euros, registration is not obligatory. However, you still have the option to voluntarily register.
You simply have to provide proofs that your company is contributing to the Estonian company or you are selling something that is taxed in the country.
You might wonder why you have to choose Estonia out of the hundreds of countries around the world. The reasons are:
We have a lot of information on how you can be an e-residence with no hassle on your part.
We will do the paperwork and the VAT registration for you. Call us now. Talk to us about your business and we will set it up for you in no time.
Whether you have a question about Accounting, Tax Compliance, Legal Services, or anything else, our team is ready to answer all your questions!
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