Practical Business Accounting Basics Every Foreign Business Owner in Estonia Needs to Know
Thursday 5. February at 10:00 - 11:00 EET
Online
Running a business in Estonia requires compliance with Estonian accounting, tax, and labour regulations, regardless of where the business owner is located.
⚠️ For foreign business owners and e-residents, many of these rules differ significantly from those in their home countries.
📌This practical online training is designed to help you understand the core accounting and compliance principles that apply to companies registered in Estonia.
📌 This training is built on the most common mistakes and problem areas we see in practice when working with foreign-owned companies in Estonia.
Instead of learning through costly corrections later, this training helps you build a solid accounting foundation from the start.
What this training covers?
📌The training focuses on 10 key topics that foreign business owners most often struggle with, including:
• Which business expenses are allowed under Estonian law
• What constitutes a compliant and acceptable expense document
• Which expenses can be treated as tax-free
• Who is allowed to issue invoices and under which type of contract
• How to correctly purchase services from private individuals
• Employee rights and employer obligations under Estonian labour law
(employment contracts, holidays, termination rules, etc.)
• Capitalisation of development costs and when costs can or cannot be expensed
• Common accounting mistakes made by foreign-owned companies
• How accounting decisions affect taxes, cash flow, and reporting
• When and why to seek professional advice before issues arise
👉Who this training is for
• Foreign business owners and managers running businesses registered in Estonia
• E-residents managing Estonian companies
• Startup founders, managing directors, and decision-makers
• Business owners responsible for financial decisions without formal accounting training
The training is held in English and is focused on practical understanding, not theory.
Participants will gain clarity on the rules that matter in everyday business operations in Estonia.
📌 The training will be led by Maimu Nõmmik, Accounting Specialist for International Founders.
Maimu works with international founders and English-speaking companies operating in Estonia, supporting them together with our FMD accounting team through onboarding and day-to-day accounting.
English is her second native language. She spent 25 years of her life in Canada, which gives her a strong understanding of international business culture.
With over 20 years of experience in accounting and a background in business operations in Estonia, Maimu helps foreign founders navigate Estonian accounting and tax requirements clearly and confidently from the start.
About the Company:
Finants ja Marketing OÜ (FMD) is an innovative and reliable accounting partner for startups, service companies, and manufacturing businesses operating in Estonia, already over 10 years.
With highly digitalised processes, we ensure timely access to accurate financial data that supports management decisions. Our clients range from early-stage companies to medium-sized businesses with annual revenues of up to €50 million, and we grow together with our clients and their needs.