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What's Our Blog About?
Greetings, eFinance explorers!
Now, you're probably wondering, what's all the fuss about? What's this blog of ours all about, eh?
Our blog, dear reader, is a treasure trove of business wisdom and entrepreneurial spirit. We delve into the heart of the business world, unearthing priceless insights that can help you navigate your entrepreneurial journey.
But that's not all! We also turn the spotlight on the oft-ignored aspect of entrepreneurship - mental health. In this gruelling world of startups and big businesses, the mind can take quite a beating, and we're here to address that. We bring you resources, advice, and empathetic stories that can guide you in maintaining a healthy mental balance even amidst the chaos.
And before you ask, yes, we promise to keep things fun and interesting! This isn't your run-of-the-mill, dull, corporate jargon-filled blog. We're here to inform, inspire, and occasionally indulge in some good-natured ribbing.
So whether you're a fledgling entrepreneur or a seasoned business magnate, we've got something for you.
Stick with us, and we'll embark on this exciting journey together.
Keep your eyes peeled and your minds open. Welcome to the blog!
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EIMIO Bind: For Accounting Firm Owners
Track Every Transaction Fix Your Billing Leaks You’ll recognise yourself in this if: You offer clients monthly plans that include a fixed number of invoices or general ledger transactions — but in reality, clients often exceed those limits. And every month, you or your team spend hours tracking, calculating, and invoicing extra work that wasn’t part of the original plan. You undercharge clients — not occasionally, but consistently — because billing for “just a few extra trans
eFinance
Aug 85 min read
The Hidden Tax Traps of Remote Work: Real Companies, Real Mistakes
Avoid Costly Compliance Errors: Real Case Studies on Payroll, Tax Nexus, and Contractor Risks Remote work has transformed how businesses hire, operate, and grow. But with flexibility comes complexity—especially when it comes to taxes. Many companies assume that tax obligations follow the company’s registration , but in reality, tax authorities care about where the work is actually happening. That means remote employees, contractors, and even company founders can accidentally
eFinance
Jan 293 min read
Remote Work and Taxes: What Companies Need to Know Before It’s Too Late
Remote Work Tax Risks: How to Stay Compliant and Avoid Penalties Remote work has gone from a temporary solution to a permanent shift. Businesses are hiring talent across states, across borders—wherever the best people are. It’s an incredible opportunity, but there’s one thing catching many companies off guard: taxes . If your company has employees or contractors working from different locations, your tax situation might be more complicated than you think. You could already ow
eFinance
Jan 293 min read
Building a Strong Digital Infrastructure for Global Business: The Estonian Advantage
A Complete Guide to Building a Global Business with Estonia’s Digital Infrastructure Estonia is well-known for its advanced digital infrastructure , and good reason. The country has taken digital governance to a new level, making it easier for entrepreneurs to start and run a global business remotely. Estonia’s e-Residency program is central to this setup, offering anyone worldwide the chance to access Estonia’s highly efficient digital tools. In this article, I’ll walk you
Erik "e-Res" Enthusiast
Jan 144 min read
Avoid Costly Mistakes: The Hidden Risks of Managing a Remote Workforce
The Modern Challenge of Managing Global Teams Today, even small companies hire talent online, building remote teams across borders. It’s easy to focus on the benefits—access to global specialists and cost savings—but just as easy to overlook the risks. Many businesses, especially when starting, underestimate the challenges tied to compliance, tax regulations, and legal obligations. These oversights can lead to financial penalties, reputational damage, and operational chaos. H
Chris Brogan
Jan 73 min read
One Manager’s Story: Solving Business Ride Challenges with Bolt
Solving Business Ride Challenges: A User’s Journey with Bolt Business Managing business rides used to be my least favourite part of work. As a team manager, I constantly juggled receipts, expense reports, and payment records. Every trip felt like a new logistical nightmare—until I discovered Bolt Business through eFinance. This is a reflection on how a structured, digital approach helped transform travel management for a team like yours. The Problem Before Bolt Business, my t
Chris Brogan
Dec 17, 20243 min read
Working in Estonia: How to Register for Short-Term Employment or a Residence Permit
A Practical Guide to Navigating Short-Term Employment and Residence Permits in Estonia Estonia offers a welcoming environment for professionals from non-EU countries, but navigating work permits can feel complex without the right guidance. Whether you’re planning a short stay or seeking a more permanent arrangement, understanding the options and requirements is key. Here’s a clear guide to help you get started. Who Needs a Work Permit in Estonia? If you’re a citizen of a non-
eFinance
Dec 17, 20242 min read
EORI Registration: When Is It Required for Your Company?
An analysis of scenarios where obtaining an EORI number is essential for customs operations What Is EORI Registration and When Do You Need It? EORI (Economic Operators Registration and Identification) registration is a key requirement for businesses involved in cross-border trade within or outside the European Union. This unique identification number is used by customs authorities to streamline procedures, ensure compliance, and facilitate the smooth movement of goods. Unders
eFinance
Dec 16, 20242 min read
Understanding IOSS Registration: A Simplified VAT Solution
The Ultimate Guide to Navigating IOSS for Seamless EU Trade The Import One Stop Shop (IOSS) is a VAT scheme introduced by the European Union to simplify tax compliance for businesses selling low-value goods to consumers in the EU. By using IOSS, companies can manage VAT obligations efficiently and provide a seamless shopping experience for their customers. This guide outlines the key aspects of IOSS, its benefits, and when your business might need it. What Does IOSS Cover? Th
eFinance
Dec 13, 20242 min read
What Is OSS and How Does It Simplify Tax Reporting for Online Businesses?
Clear insights into the One-Stop Shop system for international e-commerce companies What Is OSS Registration and When Do You Need It? The One Stop Shop (OSS) registration is a streamlined VAT reporting system for businesses selling goods or digital services to consumers (B2C) across the European Union. It allows companies to simplify their VAT obligations by reporting and paying VAT for all EU sales through a single country’s tax authority. Here’s when OSS registration is nec
eFinance
Dec 13, 20242 min read
When and Why You Should Register for VAT: A Comprehensive Guide
A practical guide to understanding the circumstances requiring VAT registration VAT registration is not just a compliance checkbox—it’s a strategic move that can influence how your business operates across borders. Whether you’re scaling up in Estonia, selling to other EU countries, or planning to reclaim VAT on expenses, understanding your obligations is critical. Here’s what you need to know. You Should Register for VAT If: 1. Your Sales Exceed the €40,000 Threshold in Esto
eFinance
Dec 12, 20243 min read
The Hidden Risks of Permanent Establishments (PE) in Estonia
Why Businesses Need to Pay Attention For businesses expanding across borders, the concept of “permanent establishment” (PE) is like a shadow—always present, often unnoticed, and, if ignored, capable of causing significant trouble. You might think, “This doesn’t apply to us; we’re just hiring remote workers or selling online.” But the reality is that even seemingly harmless operations can trigger PE status unexpectedly, leading to tax obligations and compliance challenges you
eFinance
Dec 11, 20243 min read
Why e-Residents Choose Estonian Accelerators for Startup Success
From Mentorship to Funding: How Estonian Accelerators Supercharge Early-Stage Startups Hey there, if you’re an e-resident looking to take your startup to the next level, I want to share some insight with you. Having spent years working with startups and entrepreneurs, I’ve seen firsthand how Estonia has become a top destination for early-stage companies. This country’s digital infrastructure and startup-friendly environment have turned it into a magnet for ambitious founders.
Erik "e-Res" Enthusiast
Oct 16, 20244 min read
The Morning After • The Night Before: Warsaw’s Workspace Gem, Approved by eFinance
Introducing Your New Workspace Approved by eFinance: The Morning After • The Night Before You know that feeling when you find the perfect spot that just blends everything seamlessly? That’s exactly what The Morning After • The Night Before on Poznańska 7 in Warsaw offers—a place where you can be productive during the day and unwind effortlessly in the evening. More than just a café, it’s an all-day destination that has been workspace-approved by eFinance for good reason. Whe
Luna "Lunar" Forbes
Oct 2, 20244 min read
Upcoming Changes to Estonia’s Tax System : What You Should Know About Profit Distribution in 2024
Learn how upcoming tax rate increases and profit distribution options will impact your business strategy in Estonia for 2024 and beyond Estonia has long been known for its business-friendly tax environment, particularly its unique system that allows companies to defer taxes on reinvested profits. However, significant changes are coming in 2025 that will affect how businesses distribute profits. While the ability to reinvest profits without immediate taxation remains intact, d
eFinance
Sep 24, 20243 min read
What Specific Industries or Business Models Thrive Best in Estonia's Economic Landscape
Exploring the Most Successful Sectors and Growth Opportunities in Estonia Estonia has become known as the most digital nation in Europe. Considered a gateway to the EU for international business entrepreneurs, it provides a simplified and efficient business registration process, numerous tax benefits, including tax-free dividends for non-residents, and a high level of digital infrastructure. This makes Estonia a favorable destination for launching a local business venture and
Erik "e-Res" Enthusiast
Sep 17, 20244 min read
How to Open an LHV Business Account After Registering Your Company with eFinance
Opening a business account is an essential first step for any company. In this article, we will focus on LHV, one of Estonia’s leading traditional banks, which also offers account opening services for Estonian companies owned and managed by non-residents. We’ll explore the specific requirements, any limitations to account opening, and provide details on how to navigate the registration process, outlining the key information you’ll need to successfully open your business accou
eFinance
Sep 10, 20244 min read
Workspace Approved by eFinance
The Perfect Spot for Work and Creativity in Gdańsk In the heart of Gdańsk’s historic shipyard district, there’s a workspace that’s redefining what it means to work creatively and productively— Plenum . Recognized as Workspace of the Month by eFinance , Plenum is more than just a place to work; it’s a dynamic environment where business meets creativity, making it the ideal spot for professionals across all industries, especially those in finance. With its unique blend of histo
Ksenia "MusePen" Ray
Sep 3, 20243 min read
Introducing Full-Year Visionary Pass
Start Your Business in Estonia with e-Residency: The Full-Year Visionary Pass on Your Phone Starting a business in a new country comes with its own set of challenges. There’s paperwork, local laws, taxes—it’s easy to feel like there’s a lot to figure out. That’s why we put together the Full-Year Visionary Pass . It’s built specifically for entrepreneurs like you, who already have Estonian e-Residency and need a clear, reliable path to getting their business set up. The Full-Y
eFinance
Aug 28, 20245 min read
Global Banking with Equals Money: How eFinance Clients Can Benefit
Finally, Premium Personal Service in a Banking Platform That Puts Your Business First At eFinance, we continuously seek the best banking solutions to ensure our clients receive services tailored to their specific needs. In today’s fast-paced business environment, one of the most common challenges companies face when dealing with banks and payment institutions is a lack of clear communication and support. We all know how frustrating it can be when payments are delayed, and it’
eFinance
Aug 21, 20243 min read
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