I keep seeing a ton of ads for starting a company in Estonia.
To those who've done it, what are the pros/cons?
For the record, I'm based out of India and have been advised to setup in Singapore
To those who've done it, what are the pros/cons?
For the record, I'm based out of India and have been advised to setup in Singapore
Also, for an international business a company based in Estonia looks more reliable and “techie” than other countries. And this is important if You sell digital goods or services.
I think Singapore can be a good place too, but it’s much more complicated for me.
By "benefits" do you mean profits?
Not sure what you mean. Singapore seems quite international, reliable and techie, based on what I've read, as well as heard from friends and clients who work there. (There are tons of enterprises that have a base or regional office there, and many startups there too).
Interested to know if I got you wrong, or am wrong.
The Belgian tax authorities must allow you to invoice from the Estonian company (that's part of EU freedoms) but it probably won't save you much taxes.
I’ve not had any of the issues you’ve mentioned (maybe about 3 spam emails).
It's quite smart for Estonia to do this because they have quite a lot of brain-drain. Lots of up-and-coming educated Estonians end up leaving the country to persue jobs in Europe due to the lack of companies operating locally.
Trasferwise is capitalising on this, but the government sees it as a reason to heavily invest in making companies want to be in Estonia.
Setting up the company is then easy. To set up a full bank account you need to go to Estonia. You can setup a transferwise account which gives you a banking facility however.
There are other countries where you can setup companies quicker, or with better tax implications. But I don’t think there’s a good option in the EU.
If I were you, I’d get the e-residency card now and have it available if you want to quickly start a company later.