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. […]
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. […]
We sat down with Kirill Soloviev, the founding member of EERICA and the CEO & co-founder of ContentQuo, a software company established in Estonia. Kirill talked about his values when doing business and shared his story of finding a suitable service provider. What business are you in? B2B SaaS, we are developing and selling a highly specialized, professional-use software product for […]
Here are some of the most frequent questions our clients have asked. What is e-Residency? Estonia is the first country to offer e-Residency, a government-issued digital identity and status that provides entrepreneurs with access to Estonia’s transparent digital business environment. You can find out all about e-Residency, who can apply, how to apply etc. […]
What is an annual report? The annual report is a financial document that gives an overview of the company’s financial position and financial performance. The size of your company and its business activities also decide the length and content of the annual report. Who has to submit it? Every company registered in Estonia (including companies […]
Many entrepreneurs who own a company in Estonia, but do business elsewhere have to translate their websites or at least a summary of their webpage into Estonian. This also includes e-residents who have founded Estonian OÜs. Silva Hunt will explain in detail why and how this can be done and added to your webpage easily. […]
