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jaakl | 8 months ago

Note that being Estonian OÜ (LLC) brings convenience of both having fully electronic communication towards any state affairs and also super easy to get (no even registration needed) yearly financial reports. Actually more-less the only touchpoint with state is the yearly report, no taxes until you have salaries, apply for VAT, deal with licensed area or really cash out the profits. Also you can be foreign, "e-resident" to use such OÜ.

The official company reporting source is https://ariregister.rik.ee/eng/company/16225385/Organic-Maps... . Yearly PDF reports are in Estonian language, but your favorite AI should help. The numbers are in actual EUR (not housands), so they seem to have 33KEUR profits, IMHO no huge piles of money to worry too much for.

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