Help Guides
Requirements when signing documents by the local notary (outside Estonia)
The most important detail is that the notary must certify the identity of the signing person(s). This requirement must be stated in the notary text. If the notary...
How to change Estonian Company board membership
To change board membership in the Business Registry, a Shareholders' Decision must first be made and signed in the form of General Meeting Minutes.
Does the standard liquidation process also apply to the liquidation of a non-active Estonian company (OÜ)?
Deletion of inactive Estonian company (OÜ) from the Bisiness Register is carried out in a simplified manner and does not require the completion...
How to change Estonian company ownership
There are three ways to change company ownership: 1. Transfer of shares via a notary deed. This is widely used but often bureaucratic, time-consuming, and expensive...
Estonian company (OÜ) liquidation through merger of assets
A private limited company (OÜ) with a single shareholder can be liquidated by merging the assets of the company with the assets of the company’s shareholder who...
Can I liquidate my one-man Estonian company (OÜ) faster than the usual long process?
A one-man Estonian company (OÜ with only one shareholder) can be liquidated faster (2-3 months) and easier than the usual long...
How can I liquidate my Estonian company if I am not an e-resident?
If you are not an e-Resident, there is an alternative method you can use to complete the process without visiting Estonia. You will still be...
Recommendations for accounting software popular in Estonia
For an easy and accessible solution, we offer our customers the cloud-based accounting software SmartAccounts (in English) for managing our clients' accounts. It is best suited...
Accounting requirements in Estonia for new non-active companies
If a company is not actively trading, it is not required to have monthly accounting; only mandatory yearly reporting is needed. However, if a board member wants to comply with local rules, they may choose to do so.
Accounting principles and standards used in Estonia
The annual accounts are prepared in accordance with the Estonian Financial Reporting Standard, which consists of financial reporting requirements based on internationally accepted...
Steps and duration for liquidating an Estonian company (OÜ)
The liquidation of an Estonian company is a formal process to close the business, settle debts, and remove the company from the Estonian Commercial Register. The duration of...
What are the roles of shareholders and board members?
Shareholders have voting rights proportional to their shareholding. They vote on important company matters, such as appointing or removing board members, approving the...
How can I establish an Estonian company if I do not have an e-residency?
You can establish a company in Estonia even without being an e-resident. While e-residency offers a fully digital process, non-residents can still incorporate a company through more traditional methods...
What is e-Residency?
E-Residency of Estonia is a government-issued digital identity that provides entrepreneurs from around the world secure digital access to Estonia's advanced e-services and...
How to distribute profits from an Estonian company
Before distributing dividends, the company's share capital must be paid in. According to the Commercial Code, profits cannot be distributed if the company...
Establishing an Estonian company (OÜ) remotely
Yes, a Private Limited Company (OÜ) in Estonia can be established remotely. Thanks to Estonia's highly digitized business environment and the e-Residency...
How many shareholders must a Private Limited Company (OÜ) have?
An OÜ can be established by just one person (who can be both the sole shareholder and the board member). The company must have at least one...
The most common type of company in Estonia
Shareholders' liability is limited to the capital invested in the company. Their assets are not...
Are there exceptions where an Estonian company does not have to submit an annual report?
There is only one exception. The annual report does not have to be submitted only if the company is registered in the second....
How do I know that I have made a mistake in the annual report?
If you have made an obvious mistake in your annual report, the business register will contact you and point out the mistake and ask you to correct it. They usually...