An entrepreneur account is meant to be a way for a private person to operate as an entrepreneur in a bureaucracy free and affordable manner, without worrying about financial statements, monthly tax declarations and the payment of taxes – all of this takes place automatically under entrepreneur account entries.

An entrepreneur account is the best choice when one private person pays another private person for services or goods that they have provided, but, the entrepreneur account holder may sell services and goods to both private individuals and for businesses.

For income received in the entrepreneur account the tax liability incurred is fulfilled automatically.

Starting from 01.01.2025, the business income tax rate is 20% from the amount received to the entrepreneur account. If the entrepreneur account user has joined a second pension pillar, in addition to the 20%, 2% (or 4% or 6%, depending on the selected option) will be deducted from the account for payments to the second pillar.

An individual that has opened an entrepreneur account is under no obligation to register as an entrepreneur or to keep a statement of revenue and expenditure.

When using an entrepreneur account you may not be a person liable to value added tax or operating as a self-employed person (FIE) in the same or similar area of activity.