Question 1

Which company formation service is best for EU businesses?

Accepted Answer

Xolo Leap is the best overall choice for most EU business founders, especially digital nomads and freelancers. It includes formation cost in the monthly fee, full accounting and tax filing, e-residency support, and excellent customer service. For budget-conscious founders, Enty offers similar features at €33/month but requires a €199 formation fee upfront.

Question 2

What are the real costs of forming an EU company?

Accepted Answer

Total first-year costs vary: Xolo Leap €708 (€59/month, formation included), Enty €595 (€199 formation + €33/month), 1Office €1,515-4,815 (€315 formation + €15/month + €100-300/month accounting), Unicount €489 (€290 formation + €199/year, DIY accounting). Always factor in accounting costs when comparing providers.

Question 3

Do I need e-residency to form an EU company?

Accepted Answer

For Estonia, yes - non-residents must obtain e-residency to form a company remotely. The process takes 4-8 weeks and costs €100-120. For Lithuania (via Xolo Growth), e-residency is not required. All providers (Xolo, Enty, 1Office, Unicount) specialize in e-residency support.

Question 4

How long does company formation take?

Accepted Answer

Setup times: 1Office 3-7 days (fastest), Xolo Leap 5-10 days, Enty 7-14 days, Unicount 7-14 days. If you don't have e-residency yet, add 4-8 weeks for the e-residency application process before company formation begins.

Question 5

Is accounting included or do I need a separate accountant?

Accepted Answer

Xolo Leap and Enty include full accounting, bookkeeping, and tax filing. 1Office charges separately (€100-300/month). Unicount provides self-service accounting software only. Unless you're an accountant, choose a service with full accounting included (Xolo or Enty).

Question 6

What are the key differences between these providers?

Accepted Answer

Xolo Leap: All-in-one platform for freelancers and SaaS founders. Enty: Budget all-in-one for cost-conscious entrepreneurs. 1Office: Traditional accounting firm for complex businesses. Unicount: DIY platform for tech-savvy founders with simple finances. Key differences: service model (all-in-one vs traditional), accounting inclusion, pricing structure, and target audience.

Question 7

Should I form in Estonia or Lithuania?

Accepted Answer

Estonia is the gold standard for EU digital businesses with its e-residency program (100,000+ members) and 100% online management, but requires e-residency (€100-120, 4-8 weeks). Lithuania (via Xolo Growth) is better if you want faster setup without e-residency requirements. Tax rates are similar in both countries (20% on distributed profits).

Question 8

Do I need a virtual office or legal address?

Accepted Answer

Yes, all EU companies require a registered legal address in the country of incorporation. All providers (Xolo, Enty, 1Office, Unicount) include a legal address in their monthly fee or formation package. Most offer mail forwarding (€5-15/month) or scanning services. A physical office is not required for most digital businesses.

Provider	Xolo Leap 🏆 Recommended	Enty 💰 Best Value	1Office 🇪🇪 Local Pro	Unicount
Pricing
Monthly Fee	From €59/month All-in-one solution	From €33/month Budget-friendly option	€315 + €15/month Traditional approach	€290 + €199/year Software + setup
Pricing
Formation Cost	Included	€199 one-time	€315 one-time	€290 one-time
Monthly Fee	€59-299	€33-99	€15-200+	€199/year
Company Setup Time	5-10 days	7-14 days	3-7 days	7-14 days
Core Services
Accounting Included				Self-service
Tax Filing			Separate fee	Self-service
Legal Address
VAT Support			Extra fee	Self-service
Features & Support
E-Residency Support
Invoice Management
Expense Tracking
API Access
Support Quality	Excellent	Good	Excellent	Basic
Summary
Best For	Freelancers & SaaS founders wanting full-service solution	Cost-conscious freelancers and small businesses	Businesses needing traditional local accounting firm	Tech-savvy founders with simple finances

Company Formation Comparison 2025

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