All Estonian companies are obligated to submit the data of the person who benefits from the company’s activities’, or so-called
beneficial owner, in the Estonian Business Register. Submitting the data of the company’s beneficial owner is mandatory due
to the updates in the Money Laundering and Terrorist Financing Prevention Act. The new requirement is in force from 10 March 2020.
1Office has done it again! Finland is the third country where 1Office has built an exceptional company formation portal. Before Finland, the first country for which 1Office created the unique limited company registration portal that was connected directly to the local business registry, was Estonia in 2016, followed by the United Kingdom in 2018. Now…
The UK government and HMRC have the ambition to become one of the most digitally advanced tax administrations in the world. As of today, every individual and business in UK already has access to their own personalized digital tax account. The personal tax account can be found in gov.uk website and you need to have…
UK probably has one of the longest tax codes in the world. The annual changes to tax and duty form a law called the Finance Act and it may change the tax rates and principles set out in the main tax acts. Not surprisingly it is quite difficult to understand this complex system as a…
The general opinion is that Estonian e-residents are digital nomads, one-man companies who only work online and are traveling the world at the same time. Very often this is the case, but there are many exceptions. Let us introduce one of them here. Owners living in Greece and UK, company with several founders and selling…
One question that our clients have with establishing companies outside their home country, is the same in all our 6 markets: “Can you help us with opening a bank account?” Today we are covering the topic from the point of non-resident companies established in Estonia. Probably you have heard about e-residency and how it allows…
Many entrepreneurs from foreigner countries are interested in Europe as a business environment, but how to choose the exact country to start your business in? In this article we highlight Lithuania and bring out the reasons making Lithuania stand out. Lithuanian government has a strong emphasis of creating new jobs and therefore they are happy…
Already since January 1, 2017 there is a law in place in Latvia attracting investors with several advantages to start-up companies. It is unique in Europe and allows to efficiently grow venture capital investors’ money in young Latvian start-ups. The adopted law creates a special tax regime for start-up companies in Latvia and the first…
Estonia’s government in connection with the e-residency project has implemented several amendments to Estonian legislation. The latest amendment coming into force from 15th of January 2018 unties the location of the company from the location of the management and allows to run an Estonian company completely from abroad. Currently both – the company and its management…
We established a business in Latvia and here are some reasons why you should consider bringing your business to this market too.