For entrepreneurs looking to open a company in Estonia, a bar can be an interesting choice for a business. That is especially since Estonia is quite famous for its low alcohol taxes, being visited by numerous tourists coming mainly from neighboring Finland who find it more profitable to visit the bar scene in this country, especially in the capital Tallinn. The licenses required when setting up a bar in Estonia may vary, depending on the particular activities of the pub. Our Estonian company formation advisers can offer more details on this matter.
How to open a bar in Estonia
In order to open a bar in Estonia, the entrepreneur has to choose a business entity first. Then, the incorporation procedure of that entity must be started. This procedure consists of the following main steps:
• Verify the e uniqueness of the chosen business entity name, which is effectuated online;
• Deposit the initial capital in a bank account.
After these two steps are completed, the business will receive a certificate of name reservation and a certificate of deposit.
Then, an application to open the business has to be filed with the Estonian Commercial Register. To do that, the company representatives have to file an application in maximum one year’s time from drafting the Memorandum of Association. If approved, the registrar issues a certificate of registration required to register the company for VAT application with the National Tax Board.
Handling of alcohol in Estonia
Handling of alcohol implies, among others, the offering for sale or sale under the form of wholesale trade, as well as sale to consumers. Businesses that operate in wholesale and retail sale of alcohol in Estonia have to be registered with the Commercial Register and with the Register of Economic Activities. Our company formation professionals in Estonia can offer more information on this matter.
Entrepreneurs who wish to open an Estonian bar are invited to get in touch with our company registration experts in Estonia for more information.