I'm an e-Resident and an Estonian company owner AMA

The cheapest you can go is probably Xolo, and their pricing is pretty transparent. It works fine for a simple type of business, so definitely check it out. Unfortunately, that wasn't enough for me. When I considered them, they told me it would not work for any trading (crypto/stocks) or accepting Bitcoin payments. Now, you can accept BTC, but it will be immediately converted to EUR, which doesn't work for me.

So I had to find a regular accounting company (I'm pretty happy about them.) The pricing was/is as follow:

• incorporation ~950eur
• virtual office address ~400eur/y
• annual tax declarations ~400eur/y
• accounting ~70-120eur/m

A few times, I needed something extra, e.g., help with registering my residence in Estonia, etc. In every case, it was ~120eur.

(Also, the mandatory shared capital is 2500eur, but you don't have to introduce it to the company until you want to pay yourself dividends or sell your business, so it's not an issue at the beginning.)

It really depends on your case, e.g., if you're paying VAT, need a virtual office, etc. With Xolo Go, you can even start invoicing people without having a company (no fixed fee, just 5% of your sales.)

When it comes to the director – do you really need it? If it's for tax purposes, it doesn't work anymore. You're the UBO (ultimate beneficial owner), and a hired board member will not do much. I don't have any. I own 100% of the company, and I'm the only board member.

No problem, my business and I are still alive :)

I'm not a regulated business, so I'm not holding customers' crypto, etc. The industry wasn't an issue.

I have Wise, Revolut (which is now an insured bank account!), ZEN and I almost opened an account in LHV but resigned since I didn't see benefits. I still mainly use Wise, and I love it.

What do you want to know? If you have some more specific questions, I'm happy to chat. You can ask here, or find me on Telegram @janklosowski

Many topics intermingle here:

1. The main benefit of Estonian corporate tax (20%) is that it's postponed to the distribution phase (when you pay yourself dividends). Profit is not taxed right away, so you can reinvest it virtually forever.
2. Tax residents of Estonia also don't pay other taxes on those dividends, so 20%, and that's it.
3. However, it's not ok, to pay yourself ONLY dividends. You can pay yourself some small salary as a board member and pay dividends on top of it. The cost of your regular salary will be rather high like in other EU countries, but you get health insurance and clarity from the tax office perspective.
4. If your company is in Estonia and you're a tax resident in another country, you may be double taxed if there is a capital gain tax on dividends (in your country).
5. You may travel around the world, but you will not lose tax residency in your country until you go through the process:

• First, you need to have another tax residency. The easiest way is to stay in another country, e.g., in Estonia for 183+ days in a year, rent a long-term apartment there, and generally, be able to prove that you moved. By that, you usually automatically become a tax resident there in that year.
• Next year, you can apply for resigning from your default tax residency in your home country. You'll have to prove that you moved and pay taxes in the new place (it may vary between countries).
• Then, even if you lose your new tax residency, the old one is not automatically active (until you spend over 183+ days in your home country again). So, theoretically, you can avoid paying taxes completely. But, practically, if you don't have a tax residency somewhere, it will make your life harder and bring a lot of uncertainty…

TLDR; I decided to move to Estonia and spend +183 days in a year here to have it all cleaned up without tricks and hassle.

Hi Luis,
If Xolo works for you, it's great. They can navigate you with some more complex needs if you have them. I couldn't work with them since I have a very crypto-oriented business, and, e.g., accepting and keeping crypto on my balance wasn't something they're open to working with. Do you have any specific questions or doubts?