How to Set Up an EORI Registered Company in Tallinn: Step-by-Step Process

Understanding EORI and Its Importance

An Economic Operators Registration and Identification (EORI) number is crucial for businesses engaging in international trade within the European Union (EU). This unique identifier facilitates customs processes and ensures compliance with EU regulations. Setting up an EORI registered company in Tallinn, Estonia, offers numerous benefits, including access to the EU market and a favorable business environment.

Why Choose Tallinn for Your EORI Company?

Tallinn, the capital of Estonia, is known for its dynamic business landscape, advanced digital infrastructure, and supportive government policies. Estonia's e-Residency program allows entrepreneurs from around the world to establish a company remotely, making it an attractive option for those seeking to expand into the EU market. Additionally, Estonia offers competitive tax rates and a straightforward regulatory framework.

Step 1: Obtain E-Residency

The first step in setting up an EORI registered company in Tallinn is to apply for Estonia's e-Residency. This digital identity allows you to manage your business online, sign documents digitally, and access various e-services. To apply, visit the official e-Residency website, fill out the application form, and submit the necessary documents. Once approved, you will receive an e-Residency card.

Step 2: Register Your Company

After obtaining e-Residency, the next step is to register your company in Estonia. Visit the Estonian Business Register online portal and choose a suitable business structure (e.g., private limited company). You will need to provide details such as the company's name, address, and share capital. The registration process is typically swift and can be completed within a few days.

Step 3: Apply for an EORI Number

Once your company is registered, you can apply for an EORI number. To do this, contact the Estonian Tax and Customs Board. You will need to provide your business registration details and other relevant information. The application process is straightforward, and you will receive your EORI number after validation by the customs authorities.

Step 4: Set Up a Business Bank Account

Opening a bank account is essential for managing your company's finances. Many Estonian banks offer business accounts tailored to international companies. You will need to present your e-Residency card, company registration certificate, and other identification documents. Consider exploring different banks to find one that best suits your needs.

Step 5: Navigate Compliance and Taxation

Understanding Estonia's taxation system is crucial for maintaining compliance. Estonia offers a favorable tax environment with no corporate income tax on retained earnings and simple tax filing procedures. Collaborate with a local accountant or tax advisor to ensure that your company complies with all legal requirements.

Conclusion: Embrace the Opportunities

Establishing an EORI registered company in Tallinn opens doors to numerous business opportunities in the EU market. By following these steps, you can efficiently set up your company and enjoy the benefits of Estonia's forward-thinking business environment. Whether you're a seasoned entrepreneur or just starting your journey, Tallinn provides a solid foundation for your international business endeavors.