OUR SERVICES

OUR COMPANY

NEW! We now also handle accounting for Finnish companies!

First and Most OÜ, an innovative Estonian accounting service company reinforced with Finnish know-how, was established in 2013 offering a comprehensive service package to the customers. The service is based on our strong expertise and reliability. The staff is well-trained and highly experienced in their field working alongside with our partners. The company helps to create any form of business available in Estonia. Both our staff and our partners speak fluent law related Finnish. Our pricing-system is clear and transparent. We keep copies of documents both digital and paperback.

Here you will find English translations:

ESTABLISH A COMPANY IN ESTONIA

NEW! We now also handle accounting for Finnish companies!
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Why establish a company in Estonia?

  • The company does not pay any income tax. Only the distribution of profits are taxed, and all the more moderately (20%). The company has no need to minimize taxable income.
  • Company revenue is not taxed
  • Not YEL charges or other compulsory contributions.
  • Estonia is a functioning European business environment and has low bureaucracy.
  • A well-functioning banking system, technically far ahead of the Finnish banking system.
  • The company’s maintenance costs a fraction compared to other EU countries.
  • No withholding tax on dividends; the distribution of profits are taxed only once. If the subsidiaries are taxed on profit distribution, the distribution of profits will no longer be taxed when it is distributed from the parent company continues to.
  • No advance tax payments.

Taxation of Estonia 2016

  • Tax on income of physical persons 20%.
  • The Company’s income tax profit – Estonia is not
  • The Company’s income tax payments of dividends, ie 20/80.
  • Physical person tax-free monthly income (on application) 154 €.
  • Social Policy and Social amount of unemployment insurance payment is 33%.
  • Minimum monthly salary as a full working hours 430, – €.
  • Foreign tax-free allowance limit the amount of 50 € (for the first 15 days, then 32, -).
  • For your car into a tax-free mileage allowance per month (logbook recording, vehicle registration certificate) every employer to pay compensation in respect of 0,3 € / km and a maximum of 335 €.
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External statuatory accounts

  • You will save your time.
  • Avoid routine accounting issues of translation.
  • Reports run on time.
  • Accounting firm to take care of reporting to the authorities on your behalf.
  • Efficient and real-time information systems.
  • Optimizes the use of money on the accounts.
  • You know all the time what it is your company’s financial situation.
  • Get suggestions for business development.

Business law

  • Ensure the legality of the company.
  • Learn about the differences between the laws of Estonia and Finland in business
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VAT

  • VAT magnitudes: 20% (mostly), 9%, 0%, and a tax-free.
  • Need to register for VAT if the annual turnover is 40 000, – €
  • Limited, must register for VAT when the goods are sold outside the company 10 000, – € value.
  • Limit for registration is distance selling 35 000, – €
  • Over 1000, – euro bills notify the tax authorities (VAT liable