Run an e-Residency company from anywhere on the planet

Incorporation & Reporting

Incorporation

All it takes, is a few clicks and some simple forms to register your e-Residency company. Next, our team will take over seeing to all aspects of your business setup. We’ll provide you with a local address and forward your mail to you. As an added bonus, you'll be able to claim the Silicon Valley of the EU (Tallinn, Estonia) as your business' official address.

Taxes & Reporting

We’re proud to employ some of the best accounting and compliance experts in Estonia right here at Xolo. To ensure your company is running by the book, we handle your business':

• VAT number application and registration
• Monthly VAT reporting (including OSS for sales of digital goods)
• Monthly salary tax reporting (TSD)
• Annual reporting
• Submission of reports to Statistics Estonia (required by law)

We’ll also keep you updated on any relevant tax laws changes and advise you accordingly.

Banking & Integrations

Pro tip: If you go with a Pro or Growth plan, you’ll have the option to integrate any bank account that’s in the name of your Estonian OÜ.

Set up a business account with Wise

The fastest way to get your company’s banking functionality up and running is opening a Wise multi-currency account. You can open an account 100% online and verification is typically completed within a few days.

Set up a business account with LHV

If you choose to bank with our local banking partner LHV, you’ll need to make a quick trip to Estonia to open an account. But the trip can be worth it, as LHV guarantees all deposits up to €100 000.

Certain businesses (YouTubers, for example) will require your business location and IBAN to have a matching location, which is another reason to consider LHV. Banking with LHV can also come with opportunities to re-invest your company's profits without paying extra taxes (see Shareholders & Investments to learn more).

Payroll

Pay yourself a salary or dividends

Because if you can't pay yourself for all that hard work, what's the point? You can choose how much and how often you pay yourself a salary, and we'll keep it compliant on the bookkeeping and reporting side. You also have the option to pay yourself dividends.

Hire some helping hands

With your new OÜ, you can add employees to your payroll — but only if they're Estonian residents. You can also hire subcontractors from almost anywhere.*

*As long as they’re not residing in a sanctioned country, you’re good to go.

Shareholders & Investments

Add multiple shareholders

For subscribers to our Pro and Growth plans, you can add multiple shareholders to your Estonian company. Note that all board members must also be active e-residents.

Build wealth

One of the many perks of having a company in Estonia is you don't have to pay taxes on profit that you re-invest. If you open an account with our banking partner LHV, you can re-invest your profits and defer tax payments until you withdraw your financial gains as a salary.