Start a Company 100% Online

The best way to start a company in the EU is with e-Residency. Establish and manage a trusted location-independent business fully online with minimal cost and hassle-free administration.

Work Anywhere

Establish and manage an EU company digitally - from anywhere in the world - without the need for travel.

Minimize Costs & Paper

Access a marketplace of service providers for a smooth digital journey focused on growth, not bureaucracy.

Be a Trusted EU Company

Operate within a stable and transparent business environment with access to the EU Single Market.



Bank transactions done electronically


- EU Digital Economy & Society Index
- WEF Entrepreneurship
- OECD Tax Competitiveness


People declared income electronically

Member of EU, NATO,

Most startups
per capita in EU

How it works

Receive Digital ID

Identify yourself online, communicate securely and digitally sign documents.

Establish Company

Operate as a trusted, location-independent EU company and digitally manage share capital structures, conduct board decisions, declare taxes & more.

Setup Business Banking

Find international payment solutions to cover your company needs in the EU or globally.

Grow with Community

Leverage the e-Residency community to connect with your peers, find business services and stay updated on the program.

How to get started

Become an e-resident

Apply online, pay state fee, and choose a pickup location for your digital ID. State fee: €100-120. If you choose an office in Estonia as the pick-up location the fee is €100. If you choose a foreign representation of Estonia as the pick-up location you will have to pay €120 upon applying.

Choose service provider

Obtain an Estonian contact person from the e-Residency Marketplace. Cost: €30-150 monthly average (some include bookkeeping and other features) According to Estonian law, if the management board of a company is located in a foreign state, the company must designate a contact person who acts as a messenger if local authorities have a need to contact your company and cannot reach you in person. The contact person does not need to be a shareholder, board member, or employee and you do not need to grant any rights to act on behalf of your company.

Register company in Estonia

Register company structure online at e-Business Registry. Pay state fee for company registration. State fee = €265. When you create a private limited company (OÜ), you will need to register share capital. The minimum share capital amount can be as little as 1 euro cent per shareholder. Note, share capital is not a state fee - it is your money that goes into your company to spend in support of your business activity. Learn more here.

Apply for business banking

Find a fintech partner in our Marketplace to cover your company banking needs.

Participate in our community

Be an active member of the e-Residency community and network globally to grow your business.

Apply for e-Residency today

Join now

Not ready? Join our community

How-to videos

How to use your Digital ID card

How to register your company

Tax basics

How to choose a service provider

Estonian e-services basics

Business banking basics

FAQs about starting a company

Is e-Residency a good solution for my planned business activities?

The best suited businesses for e-Residency are paperless companies that can be run completely online independent of location, for example consulting or freelance services in IT and communications, professional and scientific activities, and administrative and support service activities. We are increasingly seeing e-residents setting up small to medium eCommerce and dropshipping businesses, as well as larger companies manufacturing and/or selling physical goods wanting to set up a subsidiary in Europe. Read more on our Knowledge Base.

What type of business should I start?

There are a variety of business forms in Estonia, including sole proprietorships, private or public limited companies, and non-profit associations. By far the most commonly used form, and generally the most suitable for e-residents, is a private limited company (OÜ or “osaühing” in Estonian), which is easy and quick to set up online, has a low share capital requirement starting at €0.01 per shareholder, and limits shareholders’ liability.

How do I open a company with e-Residency?

Once you have received your e-Residency digital ID, you’re ready to create your Estonian company online.  Online registration can be done through the government owned Company Registration Portal, or via Business Register API services that some service providers have on their websites. The state fee to register a private limited company (‘osaühing’ or ‘OÜ’ in Estonian) is €265.

You must use a licensed service provider to fulfil the legal address and contact person legal requirements. You may also need help from your service provider with accounting, tax, legal matters, and business banking in  Estonia, the EU, or your own country. Read more about choosing the right service provider and then follow our step-by-step instructions to register your company. 

What are the costs to start a business with e-Residency?

Costs of starting and running your business will vary depending on the business form, volume of activities, the fees of your service providers, and the types of services you need. 

At a basic level for a private limited company (OÜ), the costs will include:

  1. E-Residency application state fee = €100-€130, depending on pickup point 
  2. Company registration state fee = €265
  3. Fee for legal address + licensed contact person in Estonia =  €200-400 per year, on average
  4. Fees for additional services (e.g. bookkeeping, accounting) start at €50 per month 
  5. Minimum share capital contribution starts from €0.01 per shareholder

Read more about costs and fees of starting a business in Estonia on our Knowledge Base.

Why do I need a contact person and legal address in Estonia?

If your Estonian company’s management board address is located abroad, then the Commercial Code requires your company to have a specially licensed person or notary to be a designated contact person in Estonia.

Your contact person is responsible for receiving and forwarding any procedural documents or letters of intent addressed to your business. The contact person does not need to be a shareholder, director, or employee and you do not need to grant any rights to act on behalf of your company.

Read more about the requirement to have a local contact person. You can find a virtual office service provider on the e-Residency Marketplace, who has the necessary operating license to be a contact person for your business.

What is minimum share capital?

When you establish a private limited company in Estonia, you must register its minimum share capital. For a private limited company, this can be as little as €0.01 per shareholder. This contribution is not a fee. It belongs to your company and can be used to pay for business activities.

Read more about the minimum share capital contribution.

Can I register a company with one or more co-founders?

Yes. If a company has several co-founders, it is considered a multi-shareholder company. A company with one founder is considered a single-shareholder.

If all co-founders of a multi-shareholder company are able to give digital signatures (they have an e-Residency digital ID card, an Estonian digital ID, or a compatible EU eID), then company formation can be done online. If at least one of the co-founders does not have a digital ID or one of the shareholders is another company, it must be registered through a notary in Estonia.

For more information about multi-shareholder companies, visit our Knowledge Base.

What kind of bank account can I open for my business?

E-residents have a range of banking and payment options available for their business, including: a business banking account with an Estonian bank, such as LHV, a bank in another EU/EEA country, or a business account with a fintech. The solution they choose varies based on physical location, business needs, and prior experience using payment institution services. Compare banking options here.

Fintechs take applications online and generally provide more flexibility to e-resident business owners. The most popular fintechs used by e-residents for business banking are: Wise, Paysera, Payoneer, Intergiro, and Payhawk

Estonian banks will require you to make at least one physical visit to their office to set up your business account and also generally require business clients to have some connection to Estonia. An account with a bank in another EU/EEA country could also be a great option for some e-residents with longstanding banking relationships with such institutions.

E-Residency does not guarantee a business banking account. Opening an account is at the sole  discretion and KYC requirements of banks or fintechs. E-Residency also does not give people the ability to open a personal  bank account in Estonia or in other European countries.

How does taxation work for my e-Residency company?

Personal Income Tax

E-Residency will not affect where you pay your personal taxes. So if you receive a salary from your company, you should continue to declare and pay personal taxes on this income in the country where you are a tax resident. The only exception here is when you pay yourself a board member’s fee – this is taxed in Estonia at 20% of net income, plus social taxes of 33%.

Corporate Income Tax

Companies registered in Estonia are automatically considered tax residents in Estonia. Here, companies do not pay taxes on profits that are reinvested into the company. Only profits that are distributed or other taxable expenses are taxed. The tax rate is 20% of net distributed profits. But if dividends are regularly distributed over a 3 year period, this tax rate decreases to 14% of net distributed profits. 

But, there might be circumstances when a Tax Authority in another country(ies) may consider your Estonian company liable to pay corporate taxes there too – meaning it has dual tax residency. For example, if you spend a lot of time in one country or conduct most of your activities for the company there (e.g. do client work, hire staff or maintain an office), a Tax Authority may consider that your company has formed a Permanent Establishment (PE). E-Residency does not exempt your company from creating PEs in other countries. However, Estonia has double tax treaties with over 60 countries around the world so it is unlikely your company will pay double taxes. 


Value Added Tax (VAT) may also apply depending on your company’s activities. If your annual taxable turnover is below €40,000, VAT registration in Estonia is not obligatory. Please keep in mind that  there might be an obligation to register your company for VAT in the country where final consumers are located and to comply with local VAT rules.

Are there any country restrictions or limitations?

There are no restrictions on becoming an e-resident or opening a company in Estonia based on your country of citizenship or residence (unless you are an Estonian citizen or have a residence permit in Estonia!).  However, if you’re based in a country where there is no e-Residency card pickup point, a lack of experienced service providers to support setting up your business, or barriers to banking or taxation, e-Residency may not be suitable for you right now.

Further, people who are unable to obtain international financial services because they live within a jurisdiction categorised as ‘high risk and non-cooperative’ by the Financial Action Task Force (FATF) may be limited from enjoying the advantages offered by e-Residency. Note that this is based on residency, not nationality, so people from these countries living abroad may still successfully benefit from e-Residency.

Read more on the e-Residency blog.

Are there any restrictions for company activities?

There are no restrictions for e-resident companies in terms of business activities as long as they are legal and comply with local regulations. Some areas of activities are more regulated than others, hence if your company will be active in financial services (including virtual currency services like cryptocurrencies), tourism undertakings, educational activities or construction you will need to obtain a necessary licence or submit a respective notice of economic activity after company formation, but before you start any business activities in that field. 

Read more in our Knowledge Base article on this subject.