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FAQ

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

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

In order to bring a staff (for example, a ship welder) from outside the European Union (for example, from Russia or Ukraine), you need to obtain a residence permit and a work permit for said [...]

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

Can I ignore letters from the Statistics Department?

No, you may not ignore the requirements of the Statistics Department for providing the company’s statistical statements. The reporting of statistics is mandatory for all companies in [...]

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Should my company be audited?
By zoneplus
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 4 million (2) Assets is EUR 2 million (3) [...]

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Do I need to submit annual statements of the company, if there was no business activity?
By zoneplus
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 the company’s annual statements for the business year. It is mandatory to submit the company’s annual [...]

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What are the advantages of the e-resident status?
By zoneplus
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 zoneplus
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 zoneplus
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 zoneplus
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: Set up of a company in Estonia. Receipt of company B card: Company is registered in the Commercial Register. The board [...]

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Do I need an activity permit for my company?
By zoneplus
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 zoneplus
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. According to the Commercial Code of Estonia, the company must be registered with an Estonian legal address and have a contact person in Estonia. If you have no office or permanent place of [...]

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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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  • Punamoon OÜ
  • Mooni 18 Tallinn, Estonia
    Monday - Friday.: 09:00 - 17:00
    Saturday - Sunday: closed
  • +(372) 5837 2569
  • info@punamoon.ee
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