Start a Company in Estonia – Fly Package (monthly, for e-residents)

FLY package is a perfect solution for starting and small companies that don’t have a VAT number. Starting and managing your business has never been easier! Thanks to e-Residency, a digital ID card by Estonian Government, all the services like starting a company, managing taxes & accounting, accessing business banking solutions and much more, are available fully online.

Why choose Fly package?

• The Fly package is for small and starting companies that do not need a VAT number. Company formation, virtual office services and annual report is included in the package.  You can also check out the Start package or Fly+ package.
• The package is based on a monthly subscription. You don’t have to pay out all yearly costs at once and at the same time don’t have to worry about paying invoices every month manually. The subscription system does the work for you.
• Our packages are full solutions – we won’t show you the lowest price to later charge you for every additional service that you will need anyway. There are no hidden fees with 1Office. We offer you everything you need for starting your company and you don’t have to worry about the legal requirements and processes yourself.
• All packages include My Money account – 1Office customers can now access fast global transfers, borderless cards and bank-beating FX rates through My Money, your financial home. With Fly package you can open 2 accounts free of charge, all additional accounts are available for an extra fee. Read more here.
• You will have our full support in the process. Our team of professional lawyers, accountants and assistants will help you in every business problem you might run into.
• Our platform my1Office is available for all our clients – it is a convenient platform for managing and accessing you post digitally, for getting an overview of your finances and for creating sales invoices. You’ll also find useful articles, knowledge base, calendar and much more inside my1Office platform.

Learn more about the specific services that are included in the package under different tabs.

My Company for Start package includes:

• Company formation in a comfortable self-service platform my1Office
• Technical support
• State fee of 265€

Important information:

• Only suitable for e-residents and Estonian ID card holders.
• Company will be registered with deferred monetary share capital contribution. It means you can choose when you pay in your share capital but it must be paid in before you start paying dividends. Minimum share capital for Estonian company is 2500€.
• Please note that service contract with 1Office is subject to certain acceptance procedures. KYC (Know Your Customer) procedure includes the verification of the identity of directors, shareholders, beneficial owners, and collecting general information about the business.

My Virtual Office for Start package includes:

• Legal address (mandatory for every Estonian company)
• Contact person for accepting the company’s official letters from Business Register and other public institutions (mandatory for every Estonian company)
• Company’s administrative address for receiving mail
• Mail sorting and forwarding for up to 10 letters in one month

Important information:

• This is a monthly subscription service. The Service period starts from the date the service was bought and the service fee will be credited from your credit card at the beginning of the new service period.

My Accounting for Fly package includes:

• My Invoices – paperless document management in my1Office platform
• Create sales invoices and send invoices to the clients directly from my Invoices.
• My Purchases – use a mobile app to take pictures of your expense documents and they will be automatically uploaded to my1Office platform
• Annual Report – price includes transaction volume up to 100 per year.  Additional annual accounting transaction volumes are available for an extra fee of 60€ / per 100 extra documents.

Important information:

• This is a monthly subscription service. Service is available for valid subscriptions only.
• Cancelling the subscription or a failed payment for subscription will result in ending all services by 1Office.
• Access to documents in myInvoices after termination of contract is subject to an additional fee of 50 €.
• Annual report included in the package is prepared based on documents in My Invoices and My Purchases. Annual report will be provided if you have subscribed to the package for the whole financial year.
• This is not for VAT registered companies. An Estonian company needs to register a VAT number in Estonia if the turnover of Estonian or EU sales exceeds 40 000 € per year. If a company has a VAT number in Estonia, it needs to submit tax declarations every month, therefore it needs accounting service.