Form an Estonian private limited company

AML/KYC onboarding

• The scope of review depends on the client's risk profile, and additional information may be requested.
• Completed onboarding questionnaire. The questionnaire is currently being revised and will be provided during onboarding.
• Identity-document copies for the client's representative and all other founders, where applicable.
• An explanation of the client's field of activity and business when there has been no direct contact with the client.

Additional measures may include

• Notarised versions of identity or supporting documents.
• Additional clarification about the purpose of a transaction or activity.
• Evidence concerning the source of funds, including bank-account statements.
• Payment of the first fee from a bank or payment account located in the EEA.

Incorporation information

• Whether each founder holds Estonian e-Residency or an Estonian ID
• Proposed company name and legal form
• Shareholders, UBOs, management-board members, and any supervisory-board members
• For each relevant person: address, email, date of birth, and identity code where applicable
• Chosen share capital, recommended between EUR 0.01 and EUR 2,500
• Principal business activity and corresponding EMTAK code
• Foreign contact address, phone number, and email
• Estonian registered address and any required third-party identification
• Financial year, typically 1 January to 31 December

Additional costs

Before and after formation

• Standard AML procedures must be completed before the incorporation process starts.
• The incorporation information is required before drafting the power of attorney or filing the Commercial Register application.
• Accounting services are generally recommended from the company's first transaction.
• A third-party registered-address provider may require separate identification under its own conditions.
• Government, notary, courier, translation, share-capital, banking, accounting, and VAT costs are not included unless explicitly stated.