How to change quickly Estonian Company Shareholders
There are two ways to change the company shareholders' structure without a notary, which is often a time-consuming and bureaucratic process, especially for foreign owners.
1. Simplified change of ownership filed by the board member.
This requires a minimum registered share capital 10 000 EUR and a special amendment to the articles of association. If shareholders/board members can sign documents digitally with an e-residency card, the full process is relatively straightforward and can often be done in a few days.
2. Changing Ownership Through Simultaneous Share Capital Reduction and Increase
Another option is to reduce and increase the company’s share capital simultaneously. The positive aspect is that it can be accomplished with whatever share capital the company has. The negative side is that it is not possible to change 100% of the shareholders’ structure in one step. If this needs to be done, the same process must be applied twice.
If shareholders/board members can sign documents digitally with an e-residency card, the process is straightforward and can often be done in a few days.