It is quick and easy to register non profit organization in Estonia. In Estonia, register non profit organization (NGOs) with the acronym MTÜ (from Mittetulundusühing) at the end of its name.
- As the name suggests, the activities therein are not done for profit and are usually charitable in nature.
- The number of founders for NGOs should include a minimum of two individuals (legal entities).
- NGO registration is required when one wants to operate charities, community associations, charitable projects and so forth.
- There are no dividends paid out as profit for NGOs, neither are there any shares or units.
- Commercial turnovers reaching 16 000 EUR will require registration at the relevant tax departments, as that is the threshold at which it becomes VAT payable.
- As is the case with other kinds of companies (such as private limited liability), accounting is carried out in accordance with the Accounting Act, and a general meeting once a year is required.
At this annual general meeting, the costs, issues and decisions associated with the operation of the organization are discussed.