Accounting services in Estonia

Why Legal Baltic?

We offer to our customers accounting services for all forms of businesses possible in Estonia and in other jurisdictions.

Most foreign business people operating an Estonian company consider Estonian accounting rules and taxation system simple and straightforward. Accounting and bureaucracy related costs are generally rather low in Estonia.

Estonian accounting rules are not much different from those applied in other EU countries; however there are a number of details which are important to be aware of.
In Estonia the annual report needs to be filed in to the Commercial Register even if no economic transactions have been made. Due date for filing in an annual report is six months after the company’s financial year has closed. If annual report is filed in late the Commercial Register has the right to charge a penalty.

Certain cost are not eligible as business expenses. All cost of the company need to be related – at least some level – to company’s enterprise. If the corporate bank card is used to pay for any expenses and no invoice is presented to prove that the expense is business related, such expense is subject to the corporate income tax. All cost need to be backed up by source documents (invoices).

In Estonia it is common to pay salaries in the beginning of next month so there will be more time for tax accounting. If you pay May’s salary in June you can declare it in July.

It is also important to know that if the equity drops below 2500 EUR or is less than half of the share capital measures have to been taken. Shareholders should restore the equity capital (additional contribution) or dissolve the company.

To meet the law each company in Estonia has to provide certain reports to the Tax Inspectorate, Social Insurance inspectorate, the Department of Statistics, The Customs Department and migration offices and so on. It is very difficult for a foreigner to manage accounting himself – you need to know Estonian language and law, legislation of the Republic of Estonia, to understand accounting and bookkeeping principles and the requirements, have qualification of an accountant.

Failure to submit monthly or annual reports or failure to pay taxes in time will result in troubles with the state authorities. Therefore, each Estonian company must have its bookkeeper who will help to prepare and submit all needed reports to the state authorities, advice on what taxes you must pay, and helps to represent your company in the Estonian Migration Department and other institutions.

fall in love with our services

Expert advice

You will get unlimited help and advice from your dedicated accountant and the rest of the team via email, phone, live chat or in person.

Changing accountant?

We take care of the whole process for you and contact your current accountant for the information we need to register with Tax department.

Tax efficiency

Your dedicated accountant will provide tax efficiency recommendations to ensure you never pay more tax than you need to.

Deadline reminders

We send automated reminders for all of your return dates to ensure you never miss an important deadline again.

Pay monthly

Our low monthly payments allow you to spread the cost of your accountancy fees over a whole year, helping to improve your cash flow.

Accounting software

You’ll receive free access to clients section, which features automated bank feeds, receipt uploads, and more!

After registration of the company in Estonia, or in case you already have your business in Estonia, our consultants on business immigration to Europe will offer you accounting and bookkeeping management under special very attractive conditions. Our accountants are well aware of the tax system, the Standards of Business Accounting and International Standards of Accounting, so you can be calm about your company’s accounting.

We provide professional and reliable accounting service and treat all customers with the same respect. The cornerstones of our accounting office are customer-based flexible service as well as long-term customer relationships with companies representing different fields of operation.

Cooperation with us gives you the possibility to focus on what you do best. You are welcome to discuss the financial management services that best fit your company needs with us. Order bookkeeping services from us and you can stop worrying!

Do you need free consultation?

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