Foreign entrepreneurs who intend to open an even management company in Estonia must be able to set up a strong presence on the local market, because of the industry itself, which requires important skills in the public relations and marketing fields. Our Estonian company formation advisors can offer their expertise in this domain for investors interested in the business environment in this country.
How to register an event management company in Estonia
When opening an event management company in Estonia, the registration process is the same as for any other type of company in this country.
In order to open a company in Estonia, the following steps have to be taken:
• select a name for the company and verifying if it is available;
• register the entity at the Commercial Register in Estonia;
• register the company as a VAT payer;
• registering the workers, if any, with the Employees Registry.
All types of companies in Estonia, including the event management ones, have to comply with the tax obligations which are due accordingly, as well as the accounting requests in compliance with the Estonian taxation system.
The event management company must pay special attention on how it chooses the event location, which must comply with certain security regulations against fire. Also, there are special licenses which must be obtained from the town hall.
The types of events which can be organized by an event management company in Estonia are as follows:
• MICE (Meetings, Incentives, Conferences and Exhibitions);
• lifestyle, leisure or personal events, for example weddings;
• performing arts.
The most popular types of event management companies in Estonia
Event management companies in Estonia can be established under the form of any business entity, however the most popular ones are the private limited and the public limited companies.
The difference between these two types of business entities consists in the fact that the minimum share capital required differs. Our company registration specialists in Estonia can provide more details on what these differences may consist of.
Also, a private limited company cannot sell its shares to the general public, while the public limited one can sell its shares freely, as well as list them on the Estonian Stock Exchange. A management board and a supervisory one are managing and overseeing the activities of a private limited company in this country.
If you require more detailed information on how to open an event management company in Estonia, we kindly invite you to get in touch with our Estonian company formation advisors.