Xolo

Automated accounting, compliance, and reporting

Your hustle,
our muscle

Intelligent technology to securely streamline your business admin for your one-person EU company. An army of accountants to make sure it's done right.

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e-Residency and Xolo Leap

Some things are just
better together

Since 2014, entrepreneurs across the world have used Estonia's e-Residency program as a gateway for starting a business in Estonia (Ltd = OÜ) and gaining access to the EU market.

But there's a catch.

In order to register your company, you need an official address in Estonia. And unless you're a resident, you're required by law to have a local contact.

And this contact can't just be some friendly local you meet in a bar — it has to be someone with the knowledge and authority to help you navigate the Estonian legal and taxation systems.

In other words, a person or a platform who can help you with compliance, accounting, reporting… and filing your taxes.

And with Xolo Leap — you get both!

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Why start your EU business in Estonia?

With its competitive corporate tax rate and advanced digital literacy, this tiny Baltic country is uniquely fertile ground for entrepreneurs. Once your e-Residency is established, you'll be able to access Estonia's digital business environment from anywhere in the world! Xolo Leap can support you through the process of business formation: from registration, to establishing a business address, to getting set up with a business bank account through our partners at LHV bank.

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Set your business admin on autopilot

Now that your new company is up and running, you'll have a team of accountants and compliance experts handling every aspect of your business. From accounting and bookkeeping to compliance and expense management. We even take care of tax reporting so you'll never have to worry about missing a deadline or a surprise visit from the tax authorities!

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A streamlined suite of tools

Your new invoicing tool will empower you to effortlessly create, send, and track professional invoices with VAT automatically calculated. Your new expense dashboard will enable you to optimise your company's annual tax bill. And your real-time business dashboard will keep you laser-focused on your finances while alerting you to any issues that require your attention.

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An army of accountants and compliance experts

We've built a beautiful machine to securely streamline all your business admin. But when you're in need of some personalised attention, guidance from our team of accountants and compliance experts is only an email or instant message away!

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Run your business from anywhere in the world

Running a remote business requires digital platforms that can keep up with your on-the-go lifestyle. Xolo Leap comes with an intuitive, real-time dashboard and a secure mobile app so you can remain on top of your business from any timezone.

Banking

Seamless integrations with
trusted partners

We've teamed up with some of the most respected players in the digital, banking, and financial solutions industries to bring you the integrations you need to run your business more efficiently. From payment gateways to fully integrated banking — we've got you covered!

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Wise logo
Paddle logo
Paypal logo
Stripe logo

For just €79 a month you get...

  • Your very own Estonian company (OÜ)
  • Integrated business banking
  • Business address
  • Invoicing tool
  • Expense management
  • Tax reporting
  • Payment gateway integrations
  • Real-time business dashboard
  • Secure mobile app

Not seeing what you're looking for? See our entire product catalogue here.

*Price doesn't include VAT.

€1.1B+

processed transactions

83 856

independent professionals

€11M

in funding raised

130

countries represented

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I still can't believe how much easier and more convenient the everyday business administration is with e-Estonia in general and Xolo specifically.

Michelle - Software Developer
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Administration is my least favourite part of being in business - being able to outsource all of that to professional and compliant service through the Xolo portal, makes life much more straightforward.

Moritz Bierling - Existential Ventures

What's the plan?

Apply for e-Residency
Applying for e-residency is easy, but the process takes 6-8 weeks. Already a card-carrying e-Resident? We'll have your company set up in just 2-3 days!
Get to work
Log into your secure business dashboard from anywhere in the world so you can see for yourself how much easier it is to do business with Xolo Leap!

FAQs

Got questions? We've got answers!
Here's a few to get you started:

No, not just yet.

Currently, we offer our services to customers who plan to operate a single shareholder business, such as:

  • Freelancers and contractors acting as professional service providers, e.g. software developers, IT experts, business consultants, marketing & sales gurus, designers, translators or similar
  • Packaged software and SaaS providers
  • Subscription based online services
  • Mobile app and game developers

We don’t yet support businesses involved in buying and selling physical goods, including drop shipping and Amazon FBA. We also can’t support business activities which require a license in Estonia such as financial services, travel agencies, gambling, the sale of alcohol etc. Xolo doesn't support companies dealing with cryptocurrencies or who hold ICOs to get funding at the moment either.

When you’re starting your company, you'll incur the following costs:

  • State fee for e-Residency: €120, plus travel costs to collect your e-resident ID-card at the location you select
  • State fee for company registration in Estonia: €190 (normally paid via Xolo Leap
  • State service fee for company online registration in Estonian Business Registry: €25 + VAT(normally paid via Xolo Leap
  • Xolo Leap first monthly fee, depending on a plan:
    Leap: €79 + VAT
    Leap Pro: €119 + VAT
    Growth: €199 + VAT

And these are costs related to banking:

  • Opening an LHV business bank account: €100 for Xolo Leap customers, as well as travel costs involved to have a compulsory face-to-face meeting in Estonia
  • Opening a TransferWise business account: Free of charge
  • Issuing and delivering your bank debit card: Free of charge
  • Monthly fee for your LHV business debit card: €2
  • Monthly fee for your LHV account: €10 for Xolo Leap customers

The fees mentioned above are subject to change in future. Check out our pricing page to see a detailed monthly breakdown of the costs related to setting up and running a company.

Once you've set up your company and paid the necessary state fees, depending on the plan, you'll be paying the following monthly fee:

  • Leap: €79 (+VAT)
  • Leap Pro: €119 (+VAT)
  • Growth: €199 (+VAT)

Check out our pricing page to see our full product comparison and features in each price plan.

You’re not required to apply for social security and pay monthly taxes when running your business. Naturally, based on your business needs, you can also pay a salary to yourself, buy business-related external services (e.g. hosting, online marketing, legal advice), cover your business trips etc.

Please note: Prices are subject to change without prior notice.

Leap Pro and Growth price plans support the following payment gateways -

  • Paypal (for receiving and sending payments)
  • Stripe (for receiving payments)

Your Xolo Leap account works with an LHV business bank account and the Wise multi-currency account. We offer support with the LHV "Know your customer" process — including pre-filled application forms, pre-acceptance for a bank account before travelling, and uploading documentation about your personal data. For more details and differences between the banking options supported, please see the table.

Estonian companies can deduct all costs from purchases directly related to the company’s actual business operations, such as:

  • Expenses covered by your customers
  • Fees of subcontractors
  • Professional and support services
  • Marketing costs
  • Hardware and software (restrictions might apply)
  • Communication costs (not mobile phone bills)
  • Business trips (only transportation and accommodation costs allowed)
  • COVID-19 tests (only for business trips)
  • Participation in business-related events
  • Business-related professional training
  • Bank and transaction fees
  • Office costs and supplies (restrictions apply)
  • Business lunches & gifts (taxable)
  • Salary (taxable)
  • Relevant taxes (salary taxes, dividend taxes, fringe benefits etc.)

If you’re uncertain whether an expense qualifies as a business expense, make sure to ask us via support@xolo.io beforehand.

Need more answers? See our full catalogue of FAQs here.

Xolo Go

Want to start
invoicing today?

Looking for an easy, commitment-free solution to invoicing across borders without registering a company? When you use Xolo Go, you can send your first invoice in just 10 minutes!