E-Residency The program was launched by the Estonian government in 2014 and has revolutionized the way we think about governments and borders in the sense of global commerce. We can help in acquiring the card and take you trough the process. e-Residency is perfect for people who:
→ Enjoy a simple and fair tax system → Need a business bank account in the Eurozone → Want to start a business in the European Union while living elsewhere → Run a location independent business and need online banking and taxes declaration services → Need to diversify assets and keep some in a country with a stable economy and political system → Make use of digital identification, signature and encryption tools and need a high level of security → Have trouble accessing international payment service providers (Google, Pay-pal, Transferwise etc.) → Have trade partners within the European Union and want to make use of European Union single market
Services of Crimson Digital Ltd. include:
AAccountingEvery company needs an accountant who will take care of bureaucracy so that the entrepreneur can focus on the real business. Keywords for digital nomads are avoiding double taxation, easy international payments and smooth everyday communication with the government.
BBank accountThere is no way to manage an international company without a business bank account. During the last couple of years, alternative fintech companies have become quite popular, but as they are far away from being a replacement for regular banks. Usually we strongly recommend having a business bank account as well as using Transferwise or other service providers too. We work with most Estonian banks and always choose the best option based on the clients specifics.
CCompany registrationEven though registering a business in Estonia as easy as it gets (we have all heard the marketing slogan: can be done in 18 minutes), it is a bit more complicated for e-Residents. We have helped to establish over 50 companies for Estonians and e-Residents and will get yours up and running in no time.
DData analyticsAlthough data drive and big data have become buzzwords in the last decade, there is no denying that a business which doesn't take hard data into account when making decisions, will not be around for long. We provide data analytics services for universities and companies home and abroad.
DeclarationsThe level of bureaucracy is quite comprehensible in Estonia, but still you need to present regular reports to the government (all declarations and reports are submitted online). While in principle it is possible for the entrepreneur to present them themselves, knowledge about the local laws and some fluency in Estonian is needed and our standard accounting package covers it.
EExport & importTrading goods inside the EU is a piece of cake, but as many of our clients are not common market residents, we have experience in importing and exporting goods. Depending on the specific country and the type of goods, the goods can be transported directly from A to B or in some cases it makes sense to use Estonia as an intermediary country.
IInternational paymentsFor some entrepreneurs the main reason for staring a company in Estonia is access to international payments (IBAN, SWIFT, Pay-pal, Google, etc.). Crimson Digital is working closely together with several Estonian and Latvian based banks in order to offer the best service to all our clients no matter their country of origin.
MMarket studiesMany entrepreneurs use e-Residency as a mean to enter the European Union common market. When coming from another part of the world, some market research beforehand can make the difference between success or failure. Together with our partners, we have done several market studies and business plans, which have made it possible for our clients to take off to a flying start.
PPostal addressAlthough everything is digital, the governments still has set an obligation that every country needs to have a physical address and an authorized contact person in Estonia. So, as you may guess, we will take care of this as well.
SStrategical planningWe know how important strategic business development is to growing companies. As Sun Tzu stated: tactics without strategy is the noise before defeat. In addition to our own knowledge, we cooperate with partners who are all top-level experts in their respective fields. We offer consultation on writing business plans, developing e-commerce, strategies and financial planning.
TTax declarationsBusinesses registered in Estonia are by default considered to be tax residents here. The tax burden in Estonia is far from the highest, but it isn't a tax haven either. We make sure that you only pay the taxes you are supposed to and nothing more. The corporate income tax rate is 0% on retained and reinvested profit and 20% on distributed profits.
VVAT identification numberGetting a VAT number can be tricky as there are several international and local money laundering laws to take into account. We have done it several times for our clients and with 100% success rate so far.
Crimson Digital OÜGSM: +372 5667 firstname.lastname@example.org