A special offer for fiercely-independent Ukrainian solopreneurs

Launch and run a virtual EU company — for free

Gain access to the EU single market and run a fully-remote virtual business-of-one with Estonian e-Residency and Xolo Leap. Xolo in collaboration with the e-Residency program will reimburse the total cost of e-Residency and company registration (value of €410) once setup is completed.

100K

Xolopreneurs

130

Countries

+€1.3B

Worth of invoices processed

Why Xolo Leap?

Estonia's commercial code requires every company to have a legal Estonian address and contact person. Since we launched in 2015, we've become the most popular e-Residency service provider, with over 3,000 companies successfully launched (more than twice the amount of our closest competitor). As your service provider, we'll be proud to assist you with:

Company registration

We'll take care of all the admin to get your new company registered and running smoothly.

Business banking

The easiest option is to choose a Wise multi-currency account. But the best option is to open an LHV business bank account here in Estonia. It'll require a quick trip to Tallinn, but it'll give you significantly more functionality.

Tax reporting

We'll help you remain compliant by compiling and submitting annual and monthly reports and keeping your bookkeeping up to date.

Expert advice

Our knowledgeable team is available to answer all your questions and give you advice about opportunities to take your company to the next level.

Why start an EU business in Estonia?

0%

Corporate tax rate on reinvested profit

20%

Tax rate on distributed profit

100%

of business admin completed online

3 hours

to start a company

1-2 minutes

to file taxes online

#3

ITU 2020 global cybersecurity index

In 2017, Wired Magazine named Estonia the #1 Most Advanced Digital Society on the Planet. It's easy to see why: 99% of public services are accessible online, 24 hours a day. By launching an Estonian business (OÜ), you'll gain access to the EU single market. And because Estonia's secure business environment is accessible from anywhere, you can conduct business (everything from signing contracts to paying taxes) — from anywhere on the planet.

Go dashboard1

Xolo Leap is perfect for…

  • Freelancers, contractors, consultants and/or sole providers who offer their services professionally
  • Packaged software and SaaS providers
  • Subscription-based online services
  • Mobile app and game developers

You're 3 steps away from launching your virtual EU company

Get registered

Want to add payment gateway integrations, additional shareholders, or your own private accountant? Choose the Xolo Leap plan that's right for you. From there, we'll ask you a few simple questions about you and your business to complete the registration process.

Get e-Residency

e-Residency is the key to unlocking the many benefits of an Estonian company. The process is surprisingly simple and takes approximately 3-4 weeks. Already a card-carrying e-resident? We’ll have your company set up in 2-3 days!

Get to work

Log into your secure business dashboard so you can start doing business! Send out invoices, accept payments, sign contracts, and even file taxes — from anywhere in the world. Xolo's team of knowledgeable accountants are here to help you every step of the way!

FAQs

Got questions? We've got answers!
Here are a few of our most popular ones to get you started:

Yes. This special offer is exclusively for freelancers and solopreneurs with Ukrainian passports.

You'll need Estonian e-Residency to open a business with Xolo Leap. 

Read our step by step guide to applying for e-Residency

How do I take advantage of this offer?
Just follow the usual sign up process. The system will flag your Ukrainian passport so once you officially complete onboarding, €410 will be credited to your Xolo Leap account.   

 

What costs am I responsible for, if any?
You'll pay the initial setup costs, and we'll reimburse you once setup is completed. You'll be on the hook for any travel costs to go retrieve your e-Residency card from your nearst pickup location. And depending on the Leap subscription you choose, you'll pay a monthly subscription fee for as long as you want to keep your company in operation. 

Depends on whether you're already an e-resident or not. Already an e-resident? Then no, you don't need to go anywhere.

Not (yet) an e-resident? Then yes, you'll need to travel. Once your application is approved you'll have 6 months to collect your kit from an official pick-up location.

Find your nearest pickup location on the official e-Residency website

If you decide to use integrated banking through our partners at LHV Bank, we'll take care of all the setup. But you'll need to fly to Tallinn (just the one time) to verify your identity.

Private limited companies (OÜ or “osaühing” in Estonian), are very easy to set up and are the preferred company type for the vast majority of e-residents. This type of company limits shareholder liability and has a share capital requirement of just €2,500. It's important to note that this share capital requirement can be paid in installments or deferred until your company decides to pay out dividends.

Right now, we are unable to support businesses that fall under any of the following categories:

  • Buying and selling of physical goods (including drop-shipping and Amazon FBA)
  • Activities that require a license: financial services, travel agencies, gambling, etc.
  • Companies in the cryptocurrency space
  • Ventures currently raising funding through Initial Coin Offerings (ICOs)

If you've already an e-resident, registering your company will take about 24 hours. But if you're not an e-resident yet, it usually takes 3-4 weeks.

Let's talk banking. If you're planning to use a Wise account, it takes 1-5 business days for them to process your application. But once your account is opened you can start doing business immediately.

If you'd like to do your banking through LHV, it'll take us 10-14 days to prep the necessary documents and get you pre-approved. Once LHV gives us the go-ahead, you can book a day trip to Tallinn to verify your identity in-person.

Leap Pro and Growth price plans support PayPal (for receiving and sending payments) and Stripe (for receiving payments).

Learn more about payment gateways

Not seeing what you're looking for? You can find our full FAQ directory here.