Entries by Dagne Aaremäe

E-Residency company founders: you don’t want to make these 5 mistakes in your shareholders’ agreement

Starting your business in Estonia with multiple shareholders who all have their e-Residency cards is an easy and fast process. With multiple shareholders, we always recommend making a shareholders agreement. This agreement will govern how the shareholders’ ownership will be managed with regard to the company. In particular, it provides a common understanding of the […]

6 crucial things to do before choosing a service provider

When you are an e-resident who wants to form an Estonian company the first thing you need to do before incorporating is to choose a service provider. Thanks to a service provider you will get the mandatory legal address and contact person service and in most cases accounting as well. There are numerous companies to […]

OSS and IOSS – the new game changers for EU VAT returns!

Do you know that from the 1st July the EU VAT law is going through some major changes? Three new special schemes will start to apply for VAT. Silva Hunt organised a webinar to find out more from an Estonian leading VAT tax expert Tõnis Elling when and why are the new VAT special arrangements […]

Annual reporting: How to deal with negative equity?

Did you get a letter from your accountant saying your company’s equity is lower than the law requires? When not dealt with there can be unwanted consequences. Here we will explain in more detail what does it mean and how to solve it.   The calculation of negative equity is based on your company’s share capital.    […]

The easiest way to add a shareholder into your Estonian company structure

Are you planning to involve investors in your Estonian company and wondering how to do it? We’d like to give you an overview of ways you can distribute shares, so you’d know exactly what to expect whether your investor is an e-resident or not. What if the new shareholder doesn´t have e-Residency and you don’t want to involve the notary? Do the share distribution yourself, without the notary. The requirements for this are: The company has fully paid 10 000€ of share capital. You have made an amendment to your articles of association, which approves this. *Note that you can only alter this change when all the shareholders have agreed upon it, majority votes won’t be enough. A notation will also be entered on the registry card of the private limited company to specify that the company removes the requirement of notarized approval when selling, redistributing or disposing of shares. It’s the responsibility of the company’s board members to notify the new shareholder of the business registry. What if you don’t want to pay in the 10 000€ of share capital? Increase your company’s share capital. The company issues new shares online. A digitally signed document that outlines the new share allocation must be signed only by the existing shareholders. This means there is no need for the new shareholder to have e-Residency as their signature is not needed. […]