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Estonian Company Contact Person
The task of the contact person is to receive official procedural documents and statements of intent addressed to the company. The delivery of documents and declarations of intent to the contact...
Accounting for Crypto Companies in Estonia
Crypto exchange companies in Estonia are required to have a cryptocurrency license and follow the same reporting rules and requirements as any other financial institution in Estonia. According to the European Court of Justice ruling, cryptocurrencies are exempt from VAT.
How to open a Bank Account for an Estonian Company
Generally, local banks open accounts for companies that operate at least partially in Estonia. It means the company sells or buys goods or services, has employees, and pays them salaries.
To open a bank account, KYC purposes require a somewhat time-consuming and bureaucratic process.
Estonian banks require at least one in-person visit for compliance reasons. Even if the bank is visited in person, opening a bank account is not guaranteed. This especially concerns companies with foreign shareholders and board members. At the same time, if all the conditions for opening an account by the bank are met and the bank opens the account, future banking operations will be very smooth, customer-friendly and fast.
What are the requirements for General Meeting Minutes when making Business Register amendments in Estonia?
Shareholders' decision in the form of General Meeting Minutes is necessary for almost all changes to the company's registry...
Restoration of a deleted Estonian Company (OÜ) in the Business Register
From February 1, 2023, it is possible to restore a deleted Private Limited Company (OÜ) to the Business Register in a simplified manner and continue business...
What are the requirements for document legalization and apostille when using foreign documents in Estonia?
Short overview of how to legalize / apostille documents for Estonia. An apostille is a certification that confirms the authenticity of a document for use in another country. It is designed to streamline the process of legalizing documents...
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 (OÜ) ownership?
Since 2023, changing Estonian company ownership has become significantly easier, with most cases no longer requiring a notarial deed. However, your experience will largely depend on your digital signing capabilities.
For e-residents: Everything is quick and straightforward (if done without a notary).
For EU digital signature holders: The process is a bit different but still relatively easy (if done without a notary).
For those without digital signing: The process is more complex, regardless of which legal method you choose.
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 a sole-owner Estonian Company (OÜ) be liquidated faster than the standard timeline?
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?
The Estonian e-residency card is an identity verification tool, somewhat similar to Internet banking login passwords or a PIN calculator. It does not give you Estonian residency, tax residency, or a visa to visit Estonia.
In technical terms, it is a government-issued digital identity that provides entrepreneurs from around the world with secure digital access to Estonia's advanced e-services and transparent business environment. Plus, the ability to start a company 100% online from anywhere. Estonia was the first country to offer e-Residency, starting in 2014.
Read and get more understanding about Estonian company related questions
Knowledge Center
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Additional info coming soon
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