Estonia OÜ via Xolo Leap — Vietnamese Freelance Developers
Vietnamese freelance developers with EU B2B clients form Estonia OÜs for reverse-charge VAT simplicity and the 0% retained profit deferral. Xolo Leap operates bookkeeping, VAT, and filings for EUR 89/month.
Estonia taxes distributed profits at 20% (rising to 22% for 2025) under the OECD-aligned classic model; retained profits face 0% corporate tax indefinitely.
Vietnam side: Circular 111/2013 taxes worldwide personal income at 5-35% progressive brackets on distributions received; SBV Circular 20/2015 requires reporting outbound investment above USD 3,000, which Estonia formation may or may not trigger depending on capital contribution size.
Model the full outlay, not just the setup fee
- SetupXolo Leap setup$948.00
- AnnualYear 2 renewal$948.00
What the tax authority sees
Estonia OÜ taxes only distributed profits at 20% (rising to 22% in 2025); retained profits face 0% corporate tax per OECD deferral guidance; Vietnamese Circular 111/2013 taxes personal income on distributions.
Circular 111/2013 on foreign-source income; USD conversion rules
Estonia OÜ suits Vietnamese devs with EU B2B clients; retained EU profits stay outside Vietnamese tax until distributed.
- 01OÜ distributed profit tax 20% (rising to 22% for 2025)
- 02Circular 111/2013 progressive 5-35% on distributed income received in Vietnam
- 03SBV Circular 20/2015 outbound investment reporting above USD 3,000
- 04OÜ EE VAT registration above EUR 40,000 EU turnover threshold
From filing to funded bank account
Estonia OÜ (e-Residency) vs UAE Free Zone (MEYDAN)
FAQ
Yes. Estonia e-Residency is open to Vietnamese nationals. Application EUR 100-150. Approval 4-8 weeks. Pickup at Estonian consulate in Bangkok (nearest) or via courier to Ho Chi Minh City. No US or EU travel needed.
Start filing with Xolo Leap
Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.