Starting your own business is an exciting and rewarding journey. Whether you’re launching a small venture or aiming for bigger goals, getting the basics right is crucial. In this guide, we’ll explore some key steps and requirements for new UK entrepreneurs, including how to choose a business name, whether you need to register for VAT, understanding confirmation statements, and the responsibilities of a company director.
Selling shares in Estonia requires careful navigation of legal procedures to ensure a smooth and compliant transaction. E-residents can handle share transfers remotely via the e-Notary system, while non-residents may need to participate in person or through a power of attorney. In this article, we’ll explore the key requirements, associated costs, and steps for updating the Business Register after a share sale.
Hiring employees for your Estonian company can be straightforward, involving just the signing of a contract and registration with the tax office. However, if you seek talent from outside the EU, the process might require additional steps.
E-commerce has revolutionised the way businesses operate, offering unparalleled access to global markets. Estonia, with its advanced digital infrastructure and business-friendly environment, is an ideal location for setting up and running an e-commerce enterprise. Known for its innovative e-government initiatives and widespread internet connectivity, Estonia provides a robust platform for online businesses to thrive. The country’s streamlined processes for company registration and efficient digital services make it easier for entrepreneurs to establish and manage their e-commerce ventures. In this dynamic landscape, Estonia stands out as a hub for digital commerce, offering numerous opportunities for growth and success. We met with Mr Zhu Tiezhong, an entrepreneur actively involved in e-commerce, to discuss his activities and future plans.
Estonia, known for its innovative digital society, also has a well-established banking sector that blends traditional services with modern technology. Classical banks in Estonia play a vital role in facilitating financial transactions, supporting businesses, and providing various banking services to individuals. Ultimately, the coexistence of classical banking and fintech presents consumers and businesses with a diverse array of options, empowering them to choose financial services that best align with their preferences, needs, and priorities in today’s evolving digital economy.
Starting from February 1st, 2023, there are some important changes to the Commercial Code. Instead of previous minimum share capital requirement 2500EUR, now there is no minimum capital requirement. As the smallest nominal value of a share is one euro cent, the share capital must be at least one cent from February onwards.
Together with the new OSS (One Stop Shop) VAT scheme, the EU also introduced a new Import One Stop Shop, or IOSS voluntary VAT scheme on 1 July 2021. This applies to business-to-consumer (B2C) transactions and is aimed to make life easier for both, sellers and buyers.
If you have found a great product or service that you want to sell online, you have definitely been thinking about e-commerce. But as the e-commerce business is a massive sector that is booming, there are many questions you need to think about, and with every answer, more questions arise. The main administrative one being:…
Shopify is the easiest way to start an e-commerce business in Europe. Our Shopify starting package is a full solution for e-commerce sellers.