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Company Formation in Narva

Updated on Monday 06th June 2016

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Company-Formation-in-Narva.jpgForeign businessmen who want to establish their business presence in Estonia can also choose to incorporate a company in Narva, which is the third largest city in the country, close to the Russian border. It is important to know that, from a legal point of view, Estonia respects the laws of the European Union (EU), as the country became a member-state in 2004. Our team of Estonian company formation specialists can provide assistance on the Investment Passport, a document created by the local authorities in order to offer the most representative details on the economy of the city. 
 

Register a company in Narva 

 
The incorporation process of an Estonian company is similar to the procedures applicable throughout the EU. The first step refers to the registration of the company name, a procedure which can be performed at the local Commercial Register. The availability of the business name can be verified at the rik.ee, the Centre of Registers and Information Systems. Persons can apply at the local office or they can send an expedited registration. 
 
The businessmen will have to choose a legal entity under which they can carry the company’s operations and our team of Estonian company incorporation representatives can offer assistance on the most suitable business form for that particular business. 
 
The company will have to be registered for Value Added Tax at the Estonian National Tax and Customs Board. The registration is compulsory for any business with a taxable income of over EUR 16,000. A particularity of the local legislation refers to the company’s employees, who must be registered by the company at the Estonian Tax and Customs Board, as a consequence of the enactment of the Taxation Act 2014
 

Particularities of the businesses registered in Narva 

 
As a general rule, most of the businesses set up in Narva are small companies, which employ maximum 9 employees. Such companies represent 93.3% of the companies incorporated here. 
 
Investors in Narva choose to incorporate their business as a private limited company (64,6%); the second most preferred type of business incorporation is the sole proprietorship, followed by limited partnerships
 
Entrepreneurs who need further information on the incorporation of a company in Narva can contact our team of Estonian company formation agents
 
 

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