How to change Estonian company ownership

There are three ways to change company ownership: 

1. Transfer of the shares via a notary deed.

This is widely used but often bureaucratic, time-consuming, and expensive, especially if the parties involved do not reside in Estonia. It becomes even more complicated if one of the parties is a foreign company.

2. Transfer of the shares via board member filings in the Business Register.

This is a good alternative to a notary deed, especially for e-residents. It involves increasing the share capital up to 10 000 EUR and allowing board member(s) to file changes among company shareholders in the Business Register. Once shareholders agree on a share transfer, the board member can file these changes into the registry. No evidence needs to be attached to the filing unless the capital is changed.

3. Transfer of the shares via simultaneous decreasing and increasing of the share capital.

This option might be a good alternative if 50% or less of the ownership is changed.

The choice of which option to use in specific cases depends on the circumstances. It is better to consult with your local legal or business advisors.