Accounting for e-residents and foreign-owned Estonian companies

You set up an Estonian company as an e-resident, or you own one from abroad. We keep its books, file its tax returns and prepare the annual report, all online, in English, with your own accountant in Tallinn. Fixed monthly fee from €80 + VAT.

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How it works when you're not in Estonia

Nothing in our service requires you to be in Tallinn. We keep your books in Merit Aktiva, a cloud accounting program, and run payroll in Merit Palk. You get a free limited login for raising sales invoices and tracking payments. You send us invoices and receipts by e-mail, as e-invoices or to a shared folder, and every month you get the agreed reports and a tax summary.

We file the payroll tax return (TSD) and VAT return (KMD) with the Estonian Tax and Customs Board and, under a power of attorney, deal with the tax authority on your company's behalf. Your own accountant answers your questions in English, by e-mail or phone.

What's included

The monthly fee covers all of your day-to-day bookkeeping:

preparing source documents and recording transactions
maintaining and checking the general ledger
payroll and payroll taxes
tax accounting and filing the payroll tax return (TSD) and VAT return (KMD) with the Estonian Tax and Customs Board
reports for the manager: sales and purchase ledgers, income statement, balance sheet
preparing payments
preparing the annual report (billed by the hour, €55 + VAT/hour)

The full list is on the bookkeeping and accounting page. If your company is dormant and only nil returns have to be filed, the monthly fee is €25 + VAT.

The Estonian tax basics you should know

Corporate income tax is due only when profit is distributed; retained and reinvested profit is not taxed – see corporate tax in Estonia 2026. Distributed profit is taxed at 22/78 of the net amount. Read: dividend tax in Estonia 2026.
VAT registration becomes mandatory once your taxable supply in Estonia passes €40,000 since the start of the calendar year. Read: VAT registration in Estonia.
The annual report must be filed with the Business Register within six months of year-end, even if the company was dormant. Read: annual report preparation.
Salaries paid to employees in Estonia carry income tax, social tax and unemployment insurance; we calculate and file them for you. Read: payroll services in Estonia.

All the current rates in one table: Estonian tax rates 2026.

Sources

Frequently asked questions

Do I have to come to Tallinn to sign anything?

No. We exchange documents by e-mail, as e-invoices or through a shared folder, and you sign the annual report digitally with your e-resident card or another Estonian digital ID.

Do you work in English?

Yes. Your accountant answers in English by e-mail or phone, and you can have your reports in English or Estonian, whichever you prefer.

How much does it cost?

The minimum monthly fee is €80 + VAT. A company with 1–2 employees and ~30 documents a month pays €80–95 + VAT. A dormant company that only files nil returns pays €25 + VAT per month. The annual report is billed by the hour at €55 + VAT, usually 2–4 hours for a small company.

My company has no employees and no VAT number. What do I still have to file?

Every Estonian company must file an annual report within six months of year-end, even if it was dormant. Tax returns are due only when there's something to report, such as salaries, dividends or VAT. We'll tell you what applies to your company.

Can you take over from my current accountant?

Yes. We take over the historical data from your previous accountant or software, check the balances and carry on from there.