Corporate service providers in Estonia have been around for quite a long time and were popular even before the e-residency program was launched in 2014.
Since the introduction of the program which enables foreign entrepreneurs to have a business in Estonia, much more corporate service businesses that are directed towards helping e-Residents to establish and manage their businesses in Estonia have been established.
This in turn has led to a high number of corporate service providers on the Estonian market and has made it somewhat difficult for people in need to choose from.
What is a corporate service provider?
A corporate service provider is essentially a business partner that offers services to legal entities and natural persons, who are looking to get help with creating and managing their business within the legal labyrinth that a specific country may have.
A dependable corporate service provider must be fully aware of what is happening on the local and the international legal landscape to be able to provide services and advice that is correct and aligned with the legislation in force.
Usual services provided by corporate service providers in Estonia:
- creating different legal entities with various structures and shareholders
- help with accounting, taxation, and reporting
- legal advice on topics related to business, contracts, laws and taxes
- administrative support – legal address, local phone number, local contact person and mail handling.
Things to consider when choosing a corporate service provider
As mentioned beforehand, choosing a dependable partner that can deliver a quality service that is worth the money is not the easiest of things in 2022 due to the high number of providers available.
Below are a few considerations that we suggest you take when you are choosing a corporate service provider for your company in Estonia.
Does the business have a license to offer those services?
Per the legislation, a business that offers corporate services in Estonia must have a license issued by the local government. If a service provider does not have a license to offer corporate services, the company, their partners and the persons involved may suffer from significant risk due to the services not being offered to clients legally.
Incorporate is fully licensed as a trust and company service provider by the Estonian Financial Intelligence Unit and has a license nr. FIU000121.
Is the business listed on the e-residency marketplace?
While not being present on the e-Residency marketplace does not mean that the specific company is not reliable, being present there can give a good indication about the practices carried out by a corporate service provider.
This is because the e-Residency team has set out a code of conduct that each and every business listed on the marketplace must follow in order to be present there and they constantly check if the requirements are still being met.
Therefore, if you are thinking about working with a specific service provider and the business is listed there, it may offer a bit more confidence that the business is following good practices and is trustworthy.
Does the company provider have a professional team?
You may find various service providers listed on the e-Residency marketplace as well as on the internet that claim to offer corporate services in Estonia. Most of them might have a nice website with numerous promises about their services.
However, to successfully carry out corporate services and to manage clients, a real team with the necessary knowledge and skills are required. A helpful tool is to use LinkedIn or even the Estonian Business Registry to get a little bit more information about the business in question and the employees working there.
In the case of Incorporate, besides the management, we have a professional accounting team, a team of advisors and a team of administrative specialists that help our clients out on a daily basis.
Is it a local company?
Along with having a team that can deliver the needed services for your Estonian company, you should also take into consideration the fact if the company is local or not. This means making sure that the company has a local address, a local phone number and employees that are experienced in working in Estonia or from Estonia.
This is because only a local corporate service provider and employees have the necessary knowledge about the intricacies of the local laws, customs and even local contacts that can be beneficial for your business.
Incorporate has an Estonian founder, who has over 20 years of experience in the Estonian market and is a legal professional by education. Incorporate itself has been providing corporate services for local and international customers for over 10 years and helped establish over 1000 companies.
Can you get all of the necessary services from the same corporate service provider?
When you are establishing your own Estonian business, an important thing to think about is the fact of how much you want to take care of the administrative side of your business. The activities that you do not want to do or do not have the time to do should be outsourced to other parties.
Administrative services that make your business management much smoother are offered by various corporate service providers in Estonia. Most of these services help to keep costs low and give entrepreneurs valuable time to deal with their revenue generation and client management.
Incorporate offers a full range of services that take the local expertise and the unique aspects of your business into consideration that enables you to run your business faster and more easily.
Incorporate can be your trusted corporate service provider
Incorporate can offer all of the necessary services that a local or an international entrepreneur could look for in a partner that wishes to get professional help to take care of the administrative and legal aspects of running their business.
Please feel free to reach out to us if you would like to get more information about any of our services.