Every few months, someone writes to us saying they’ve been researching where to set up a company. They’ve looked at the UK, the Netherlands, Portugal, and maybe Dubai. Then they found Estonia and e-Residency, and now they have one question: is it actually as good as it sounds?
You registered your OÜ, opened a bank account, maybe even sent your first invoice. Everything feels official. But there’s one obligation that catches e-residents off guard every single year – the annual report.
When you’re running a small company from abroad, monthly accounting can feel like an unnecessary expense. Your transactions are simple, your revenue is modest, and you think – why pay someone every month when I can sort it all out at the end of the year?
At some point, business plans change. Maybe your freelance career took a different direction. Maybe you moved on to something bigger and better, and your Estonian OÜ has been sitting there untouched for months. Whatever the reason, if you no longer need your company, the worst thing you can do is just walk away from it.
