Accounting and business services by local experts in Estonia
OUR SERVICES
Unlock Estonia’s business potential with our complete service suite
Company Formations
1Office can manage the formation of your desired company regardless of the industry you want to enter.
Accounting Services
Our experienced accountants will handle all your day-to-day bookkeeping tasks, ensuring accurate and up-to-date records of your company.
Legal services
Our team of lawyers is ready to assist you with various business law matters such as contract law, employment law, company liquidations, etc.
Business Address
Virtual office services are essential for foreign entrepreneurs, as owning a company requires a mandatory local business address and a contact person.
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OUR EXPERTISE
Extensive knowledge and experience in providing the best business and accounting services to business across many industries
Local and foreign companies operating in Estonia
Building your business in Estonia? Let us handle the financial foundations. Our team of dedicated accountants understands Estonia’s unique business environment and tax framework, making compliance straightforward for both local entrepreneurs and international companies expanding here.
We provide personalized accounting solutions that grow with you—whether you’re a sole proprietor taking your first steps, an established SME, or an e-commerce venture navigating Estonia’s digital-friendly landscape. From day-to-day bookkeeping to comprehensive financial reporting, we speak your business language.
Local and foreign companies operating in Estonia
Building your business in Estonia? Let us handle the financial foundations. Our team of dedicated accountants understands Estonia’s unique business environment and tax framework, making compliance straightforward for both local entrepreneurs and international companies expanding here.
We provide personalized accounting solutions that grow with you—whether you’re a sole proprietor taking your first steps, an established SME, or an e-commerce venture navigating Estonia’s digital-friendly landscape. From day-to-day bookkeeping to comprehensive financial reporting, we speak your business language.
Wholesale & retail
Wholesale and retail companies necessitate custom solutions in accounting due to the nature of their business, where profit margins are often tight. These industries typically operate on high volumes and low margins, making it essential to closely monitor and control costs, optimize pricing strategies, and effectively manage inventory. A tailored accounting approach can provide the necessary tools and techniques to address the specific challenges faced by wholesale and retail companies.
Biotech & healthcare
The biotech and healthcare industry requires custom solutions in accounting due to the unique intricacies and regulatory requirements inherent in these sectors. Companies operating in biotech and healthcare face complex financial challenges, including research and development costs, clinical trials, intellectual property management, and regulatory compliance.
Logistics
The logistics sector demands custom solutions in accounting due to its intricate and multifaceted nature. Logistics companies face unique financial challenges, such as managing complex supply chains, optimizing transportation costs, and monitoring inventory levels. The sector’s success heavily relies on effective cost control, efficient resource allocation, and accurate tracking of key performance indicators.
Wholesale & retail
Wholesale and retail companies necessitate custom solutions in accounting due to the nature of their business, where profit margins are often tight. These industries typically operate on high volumes and low margins, making it essential to closely monitor and control costs, optimize pricing strategies, and effectively manage inventory. A tailored accounting approach can provide the necessary tools and techniques to address the specific challenges faced by wholesale and retail companies.
Biotech & healthcare
The biotech and healthcare industry requires custom solutions in accounting due to the unique intricacies and regulatory requirements inherent in these sectors. Companies operating in biotech and healthcare face complex financial challenges, including research and development costs, clinical trials, intellectual property management, and regulatory compliance.
Logistics
The logistics sector demands custom solutions in accounting due to its intricate and multifaceted nature. Logistics companies face unique financial challenges, such as managing complex supply chains, optimizing transportation costs, and monitoring inventory levels. The sector’s success heavily relies on effective cost control, efficient resource allocation, and accurate tracking of key performance indicators.
Startups & freelancers
Accounting for startups requires a flexible approach that accommodates rapid changes, uncertain revenue streams, and evolving business models. Custom accounting solutions for startups encompass specialized tools and methodologies to address these dynamics effectively. This includes implementing scalable accounting systems that can accommodate growth, providing real-time financial insights for informed decision-making, and establishing robust budgeting and forecasting processes to manage cash burn and runway.
Information technology
An IT company, with its dynamic and rapidly evolving nature, requires a strong accounting partner to navigate the intricate financial landscape and achieve long-term success. 1Office as an accounting partner brings invaluable expertise in managing financial records, tax compliance, and financial planning.
Construction
Construction companies require special attention when it comes to accounting due to the unique complexities inherent in their operations, particularly in subcontracting and managing payrolls. A robust accounting system tailored to the construction industry can efficiently handle subcontractor management, track costs, and accurately allocate expenses to different projects.
Startups & freelancers
Accounting for startups requires a flexible approach that accommodates rapid changes, uncertain revenue streams, and evolving business models. Custom accounting solutions for startups encompass specialized tools and methodologies to address these dynamics effectively. This includes implementing scalable accounting systems that can accommodate growth, providing real-time financial insights for informed decision-making, and establishing robust budgeting and forecasting processes to manage cash burn and runway.
Information technology
An IT company, with its dynamic and rapidly evolving nature, requires a strong accounting partner to navigate the intricate financial landscape and achieve long-term success. 1Office as an accounting partner brings invaluable expertise in managing financial records, tax compliance, and financial planning.
Construction
Construction companies require special attention when it comes to accounting due to the unique complexities inherent in their operations, particularly in subcontracting and managing payrolls. A robust accounting system tailored to the construction industry can efficiently handle subcontractor management, track costs, and accurately allocate expenses to different projects.
What makes Estonia an attractive location for business formation?
Estonia offers a highly digital business environment with e-Residency options, allowing non-residents to establish and manage companies remotely. The country features a straightforward tax system with 0% corporate income tax on reinvested profits, minimal bureaucracy, and a strong digital infrastructure. As an EU member state, Estonia also provides access to the European market while maintaining competitive operational costs compared to Western European countries.
What are the main types of business entities in Estonia?
The most common business entities in Estonia include:
- Private Limited Company (OÜ)
- Public Limited Company (AS)
- Self-employed Person (FIE)
- Branch of a Foreign Company
- Limited Partnership (UÜ)
- General Partnership (TÜ)
For international entrepreneurs, the Private Limited Company (OÜ) is typically the most suitable and popular option due to its flexibility and relatively low capital requirements.
What are the accounting and tax reporting requirements for Estonian companies?
Estonian companies must:
- Submit annual reports within 6 months after the end of the financial year
- File monthly VAT returns by the 20th of the following month (if VAT registered)
- Submit employee tax and social security contributions by the 10th of the following month
Estonian accounting must comply with Estonian GAAP or IFRS standards, and proper bookkeeping records must be maintained in Estonian or English.
Do I need to be physically present in Estonia to operate my business?
No, Estonia’s digital infrastructure allows you to manage most aspects of your business remotely. With e-Residency, you can establish and run your company, sign documents digitally, file taxes, and access banking services without physical presence.
However, some specific activities may require a local contact person or address, particularly for regulatory compliance or receiving official correspondence. Virtual office services can fulfill this requirement in many cases.
What are the main banking considerations for Estonian companies?
Estonian companies typically need:
- A local business bank account (though fintech alternatives are increasingly available)
- Compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations
- Regular transaction monitoring and reporting
Traditional Estonian banks have become more selective with non-resident company accounts, often requiring demonstrable ties to Estonia or substantive business operations. Fintech platforms and e-money institutions have emerged as alternatives, though they may offer more limited services than traditional banks.
What ongoing compliance requirements should I be aware of?
Estonian companies must maintain:
- Regular accounting and tax filings
- Beneficial ownership registration and updates when changes occur
- Board member and shareholder information in the Business Register
- VAT registration if the turnover exceeds €40,000 in a calendar year
- Compliance with sector-specific regulations if applicable
Companies must also hold at least one annual general meeting (which can be conducted remotely) and keep formal minutes of major company decisions, even for single-member companies.
What makes Estonia an attractive location for business formation?
Estonia offers a highly digital business environment with e-Residency options, allowing non-residents to establish and manage companies remotely. The country features a straightforward tax system with 0% corporate income tax on reinvested profits, minimal bureaucracy, and a strong digital infrastructure. As an EU member state, Estonia also provides access to the European market while maintaining competitive operational costs compared to Western European countries.
What are the main types of business entities in Estonia?
The most common business entities in Estonia include:
- Private Limited Company (OÜ)
- Public Limited Company (AS)
- Self-employed Person (FIE)
- Branch of a Foreign Company
- Limited Partnership (UÜ)
- General Partnership (TÜ)
For international entrepreneurs, the Private Limited Company (OÜ) is typically the most suitable and popular option due to its flexibility and relatively low capital requirements.
What are the accounting and tax reporting requirements for Estonian companies?
Estonian companies must:
- Submit annual reports within 6 months after the end of the financial year
- File monthly VAT returns by the 20th of the following month (if VAT registered)
- Submit employee tax and social security contributions by the 10th of the following month
Estonian accounting must comply with Estonian GAAP or IFRS standards, and proper bookkeeping records must be maintained in Estonian or English.
Do I need to be physically present in Estonia to operate my business?
No, Estonia’s digital infrastructure allows you to manage most aspects of your business remotely. With e-Residency, you can establish and run your company, sign documents digitally, file taxes, and access banking services without physical presence.
However, some specific activities may require a local contact person or address, particularly for regulatory compliance or receiving official correspondence. Virtual office services can fulfill this requirement in many cases.
What are the main banking considerations for Estonian companies?
Estonian companies typically need:
- A local business bank account (though fintech alternatives are increasingly available)
- Compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations
- Regular transaction monitoring and reporting
Traditional Estonian banks have become more selective with non-resident company accounts, often requiring demonstrable ties to Estonia or substantive business operations. Fintech platforms and e-money institutions have emerged as alternatives, though they may offer more limited services than traditional banks.
What ongoing compliance requirements should I be aware of?
Estonian companies must maintain:
- Regular accounting and tax filings
- Beneficial ownership registration and updates when changes occur
- Board member and shareholder information in the Business Register
- VAT registration if the turnover exceeds €40,000 in a calendar year
- Compliance with sector-specific regulations if applicable
Companies must also hold at least one annual general meeting (which can be conducted remotely) and keep formal minutes of major company decisions, even for single-member companies.
REQUEST A FREE CONSULTATION
Would you like to speak to one of our advisers over the phone?
Fill in the form and request a free consultation to discuss your thoughts about doing business in Estonia.
OUR PARTNERS
Collaborating with industry experts to deliver exceptional service to your business in Estonia
Simplify your business with My1Office
Through the self-service portal my1Office, you can complete the entire company formation process yourself without the need to visit the Business Registry website.
With my1Office, you have the convenience of handling all the necessary steps for company registration and management in one place. From incorporating your company to fulfilling ongoing administrative tasks, the portal provides a streamlined and user-friendly interface.
By utilizing my1Office as your comprehensive business management tool, you can save time and effort by accessing all the essential functions and information in one centralized platform.
Low management expense
In addition to the minimal share capital requirement of just €1, managing an Estonian company located within the EU also offers the advantage of lower costs. Company formation is a one-time expense, and if you require services such as a contact person, address, or accounting, we provide them at reasonable prices.
