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Faqs

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How to bring to Estonia a staff from outside the European Union?
By Punamoon OÜ
In
Posted April 24, 2017

How to bring to Estonia a staff from outside the European Union?

To employ a specialist (e.g., a ship welder, carpenter, plumber, programmer, or IT specialist) from outside the European Union, it is necessary to register short-term employment and apply for a [...]

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Can I ignore letters from the Statistics Department?
By Punamoon OÜ
In
Posted April 24, 2017

Can I ignore letters from the Statistics Department?

No, ignoring the requirements of the Statistics Department to submit a company’s statistical report is not allowed. Submission of statistical data is mandatory for all companies in Estonia [...]

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Should my company be audited?
By Punamoon OÜ
In
Posted April 24, 2017

Should my company be audited?

The audit of the annual accounting report is mandatory, if two indicators out of three are exceeded as of reporting date: (1) Sales revenue is EUR 5 000 000 (2) Assets is EUR 2 500 000 (3) [...]

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Do I need to submit annual statements of the company, if there was no business activity?
By Punamoon OÜ
In
Posted April 24, 2017

Do I need to submit annual statements of the company, if there was no business activity?

All entrepreneurs registered in Estonia are required to prepare and submit an annual report for the financial year. Submission of the company’s annual report to the Commercial Register is [...]

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What are the advantages of the e-resident status?
By Punamoon OÜ
In
Posted April 24, 2017

What are the advantages of the e-resident status?

Company set up online in 48 hours, without the need to visit a notary. Changes to B card and articles of association online in 48 hours, without the need to visit a notary. Electronic signature [...]

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How to sell a company share / re-execute the company (OÜ) to another owner? Can this be done with an ID card? Is a personal presence of the owner needed? Is the spouse’s consent needed?
By Punamoon OÜ
In
Posted April 24, 2017

How to sell a company share / re-execute the company (OÜ) to another owner? Can this be done with an ID card? Is a personal presence of the owner needed? Is the spouse’s consent needed?

It is impossible to sell a partnership share with an ID card. The sale of a share and re-execution of the company to another owner is carried out at the notary. The only exception is the company [...]

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How to get VAT (KMKR) number?
By Punamoon OÜ
In
Posted April 24, 2017

How to get VAT (KMKR) number?

The prerequisite for registration as a person liable to value-added-tax  in Estonia (KMKR, VAT number) is the availability of active business in Estonia or the European Union. Punamoon OÜ staff [...]

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How should the non-resident board member open a bank account for their Estonian company?
By Punamoon OÜ
In
Posted April 24, 2017

How should the non-resident board member open a bank account for their Estonian company?

Opening of a non-resident company bank account has the following stages: Company establishment in Estonia. Obtaining the company’s B-card: the company is registered in the Commercial Register. [...]

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Do I need an activity permit for my company?
By Punamoon OÜ
In
Posted April 24, 2017

Do I need an activity permit for my company?

Some areas of activity require registration in the Register of Business Activities or an activity permit. Such activities are, for example, sale of alcohol, tobacco, fuels, international [...]

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Can I register a company in Estonia without an Estonian legal address and without a contact person in Estonia?
By Punamoon OÜ
In
Posted April 24, 2017

Can I register a company in Estonia without an Estonian legal address and without a contact person in Estonia?

No, you cannot. The law requires appointing a contact person if the legal entity’s address is in a foreign country. If you do not have your own office or a permanent residence in Estonia to [...]

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We specialize in the formation of new commercial and non-profit associations in Estonia, as well as in providing the full range of accounting and legal services. We help with the registration of the permanent place of business in Finland, provide bookkeeping and submit returns according to Finnish law. Our motto: We are stronger together!

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