Estonia is one of the most advanced countries in the world from a technological point of view and the fact that a company can be registered remotely here has attracted many investors until now. Among the industries in which companies can be opened without much hassle are trading, information technology, and tourism.
Those interested in exploring the tourism sector can open restaurants, hotels and even travel agencies in Estonia through which they will be able to serve the growing number of visitors in this country.
If you want to open a travel agency in Estonia, our company formation consultants explain the procedure below. We can also assist with the company registration procedure for a travel agency in Estonia.
Those who want to set up travel agencies in Estonia must comply with several laws, among which the most important ones are the Company Law and the Tourism Act. The Company Law provides for the business forms which can be used for registering a company which will operate as an Estonian travel agency.
Foreign investors can set up travel agencies under the form of sole proprietorships, partnerships and limited liability companies, however, the most employed one remains the private limited liability company as it offers many advantages, among which:
Our Estonian company formation specialists can help foreign investors who want to register an LLC with the purpose of establishing a tour operator.
Once the Estonian company is registered, the business owner will need to comply with the requirements of the Tourism Law in respect to selling travel packages and plane tickets, organizing excursions and tours, and offering other connected services.
The most important condition to be respected when setting up a travel agency in Estonia is related to the guarantee to be deposited with a bank in the account of the Ministry for Finance. The guarantee to be deposited is as follows:
For inbound travel agencies organizing tours only on the Estonian territory, there is no minimum guarantee required, however, the business owner must decide on the amount of money to be deposited in order to cover the risks.
Our company registration advisors in Estonia can offer more information on the requirements which must be fulfilled by those who want to open travel agencies in this country. They can definitely help you open a company in Estonia in this sector.
We can also help you obtain Estonian digital citizenship if you want to set up such a business.
In order to be granted the travel agency license, the Estonian company must file a notice of economic activities with the Registrar of Economic Activities which must comprise the following information:
For assistance in opening a travel agency in Estonia, please contact us. We can also help you open a company in Estonia in other industries.