A sole proprietor (FIE in Estonian) is a form of business that is best suited to those who are going into business alone or with their family.
For registering as a sole proprietor, you must only apply. The requirement is the existence of a bank account suitable for business activity.
It is possible to become FIE:
electronically, using an ID card or e-Residency card:
or through notary:
Registering electronically takes only a few hours in the best case, registering through a notary will take 2-3 days.
If the annual turnover exceeds 40,000 euros, one will have to register as a VAT payer with the Tax and Customs Board.
Read more about doing business as an FIE here.
Read more about legal forms in Estonia.
Need more information about establishing a company? Request e-Consulting to get advice relevant to your business needs.