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Accounting Services in Estonia

Updated on Tuesday 07th December 2021

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The Estonian business environment is based on the principles of flexibility and openness. Estonia is a country with a friendly economic climate, favorable to business growth and providing cost advantages. Investors interested in opening companies in Estonia will need to keep in mind the fact that their businesses will require professional accounting services. It can be difficult, especially for foreign investors to get acquainted and find their way through the Estonian tax legislation and compliance.
 
That is why our company can provide the help every entrepreneur needs for hassle-free relationship with the Tax Authorities in Estonia and a smooth management of his business. Our accountants in Estonia offer professional consultancy and assistance in a wide range of financial services like payroll & related issues, financial consultancy and administration, VAT registration and compliancy as well as audit services. Clients that are in need of accounting services in other territories, such as Singapore, can contact our partner accounting firm
 

Who can use accounting services in Estonia?

 
Estonia accounting services imply the use of a specialist in computing taxes and filing tax returns, but also in offering specialized advice on financial matters.
 
Both natural persons and companies can use the services of an accountant in Estonia, no matter if they are local or foreign.  Even if the country’s taxation system is not complicated, complying with filing deadlines and support in obtaining tax incentives and subsidies can be valuable.
 
If you want to open a company in Estonia and need assistance, our team made of company formation specialists can assist you.
 

Services provided by an accountant in Estonia

 
An accountant can offer a wide range of services, and you can choose one or more of the following:
 
  1. tax and VAT registration for companies and sole traders in Estonia;
  2. bookkeeping and accounting services in accordance with the principles adopted by Estonia;
  3. tax consultancy and planning for companies in order to minimize levies;
  4. payroll support for companies and other entities with employees in Estonia;
  5. audit services offered by accredited professionals;
  6. financial statement drafting and filing services.
 
If you need guidance in accounting for your Estonian company, our services are tailored to its size and specific.
 
We also provide company registration services for foreign investors in Estonia.
 

Tax and VAT registration support in Estonia

 
Our Estonia accounting services start with support in obtaining tax and VAT numbers. While tax registration must be completed upon setting up a business here, as it is part of the incorporation procedure, VAT registration is not mandatory from the beginning of the activities.
 
Based on a thorough analysis of our Estonian accountants, we will recommend whether you can register for VAT voluntarily or if it is best to wait until the minimum registration threshold is reached.
 
Our accountant in Estonia has the necessary experience to guide local and foreign investors operating here.
 
Once these procedures are completed, you can start operating your company with financial guidance from our accountants who can keep the accounting of your business in order to comply with the current legislation.
 

Bookkeeping and accounting for Estonian companies

 
While bookkeeping is one of the most strenuous duties of an accountant, accounting implies more complex procedures. This is why many local companies no longer choose to have their own accounting departments but use external services.
 
An external accountant in Estonia is much cheaper and will usually work faster, as he or she can dedicate the needed time to meet the financial requirements of a company, compared to an internal employee who will usually deal with other matters, such as payroll or HR.
 
Bookkeeping is one of the most important services an Estonian company can use, as it implies keeping track, registering and maintaining all the invoices and other financial documents in the business. Updating company records and making sure no detail is missed is one of the core services provided by our accountants in Estonia.
 
When it comes to accounting, accounts payable and receivable are two separate parts that can be handled by our specialists who will work on each of them in order ensure fluidity and correctness when dealing with large numbers of incoming and outgoing invoices, but most importantly when dealing with making, respectively receiving payments.
 
Using our Estonia accounting services is cheaper compared to hiring a dedicated accountant to deal with a large volume of work and for whom an entire department must be created.
 
With cost-effective solutions, our experienced accountants will provide tailored services in a manner in which time is essential.
 

Tax consultancy in Estonia

 
We welcome all entrepreneurs in need of assistance regarding the financial and accounting policies, flow of documents and financial department organization. If the client is trying to get a loan, we can help him by preparing the necessary documentation. Taxes for company registration in Estonia can also be managed by our accountants.
 
We can assist in EORI registration in Estonia.
 
 

Audit services in Estonia

 
We can assist in the restatement of annual accounts in accordance with International Financial Reporting Standards (IFRS) applicable in Estonia. Our accountants will examine the evidence supporting the disclosures in the financial statements in order to eliminate all material misstatement and also evaluate the overall financial statement presentation.
 
 

Payroll services assistance in Estonia

 
If the business owner decides to open a company in Estonia and then employ people, he might be needing help with the preparation of payrolls, statements related to salaries and tax files. We can help any entrepreneur with professional services in these matters.
 
 

Double Taxation Treaties in Estonia

 
These are treaties signed by many Governments in order to avoid double taxation of companies activating in more than one country. Any foreign investor entering the Estonian market should work with an experienced and knowledgeable accountant that can provide assistance and representation so that the new business can take advantage of the benefits of double taxation treaties in Estonia.
 
 

Company Management in Estonia

 
We believe our clients deserve to benefit from customized management strategies that will improve their companies’ financial results and will strengthen its position on the Estonian market. Company management in Estonia can be run smoothly with a little help from knolegeable consultants with expertise  in the country's legislation and accounting policies.
 

What you need to know about taxation in Estonia

 
Our accountant in Estonia is at your service from the very beginning of your operations. This way you can start a long-term confidence-based relationship with someone who knows your business and can provide customized services.
 
Our specialists are accredited by the Estonian associations of accounting and audits.
 
From a taxation point of view, the Estonian Tax and Customs Board disposes the following:
 
  • - Estonia levies taxes only on distributed profits of companies at the rate of 20%;
  • - a 14% rate is available for dividends paid to other companies;
  • - the VAT registration threshold is set at 40,000 euros;
  • - the standard rate of the VAT is 20%, however, a lower rate of 9% applies to certain goods (medical products, books and newspapers, accommodation);
  • - there is also a 0% VAT rate applied to exports, intra-community supply of products, and international transport of persons.
 
By choosing our accounting services in Estonia, our clients can reduce their expenses and be able to control their business in an efficient manner without spending much time. They can rely on us for confidentiality and high standard services. We do our best to understand each business and provide best personalized advices for all types of companies in Estonia. Please contact our company formation specialists in Estonia for more detailed information and personalized consultancy.
 

Meet us in Tallinn

Call us now at +372 51 50 803 to set up an appointment with our consultants in Tallinn. As our client, you will benefit from the joint expertise of local advisors  for opening a company in Estonia.

We offer:

-cost-efficiency: competitive company formation prices;

-prompt response to your inquiry (24 hours)

-free and complete legal information featured on our site, at your disposal.

 

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