How to change Estonian company (OÜ) board membership
From a legal perspective, changing the board of directors requires submitting board member applications along with the shareholders' resolution to the Business Registry.
However, your experience and timeline will largely depend on two key factors:
1. Digital signing capabilities of shareholders and board members
E-residents: The process is quick and straightforward.
EU digital signature holders: The process differs slightly but remains relatively simple. Read more…
Those without digital signatures: The process is more complex and typically requires visiting a local notary and obtaining apostilled documents.
2. Accuracy of prepared documents, particularly shareholders' resolutions
The shareholders' resolution must comply with specific legal requirements and be written in Estonian. Bilingual documents are also permitted—for example, in both Estonian and English.
While numerous templates are available online, preparing accurate documents without prior experience or professional guidance is often challenging.
Overview of Estonian Company Shareholders’ Resolutions.
General recommendation: To ensure a smooth and efficient process, consider seeking professional assistance.