One of the major limited liability partnership advantages in Estonia is the e-registration option for registering your company. Other limited partnership advantages include the relatively low share capital requirement. A registered private limited liability company in Estonia carries an OÜ (short for Osaühing) at the end of its name, and is an organization that is created by statute and the shares of legal individuals (ranging from 1 to 10 people).
- Who can be a founder of a limited liability private company in Estonia?
Either a resident or non-resident can be the founder of a limited liability company in Estonia. However, there has to be at least one founder.[nt_divider style=”1″]
- Can a founder of the company receive an e-citizenship in Estonia?
Yes, it is possible to obtain an Electronic Citizenship in Estonia.
- Where should the company be legally located?
The company should be registered, and legally located in Estonia[nt_divider style=”1″]
- What name should be registered and where?
To register Ltd. company in Estonia, it means that the name you choose should be followed by the abbreviation (OÜ) as mentioned in paragraph one. To be considered a legally registered company in Estonia, the company should be registered at/in the Commercial registry.[nt_divider style=”1″]
- Who can be a member of the company board?
Both shareholders and non-shareholders can be members of the company board when you register private limited company in Estonia. Of course, the company board should have a minimum of one member.[nt_divider style=”1″]
- Could a member of the company Board access an Residence Permit in Estonia?
Yes, it is possible to obtain an Residence Permit in Estonia, by the criteria of the average wage.
- What is the minimum authorized capital?
The minimum authorized capital is 2 500 EUR. The minimum capital amount should be made available at the company’s declaration in a Statute (not necessarily at the time of registration), and the charter must specify the period for the contribution of the capital.[nt_divider style=”1″]
- What is the nominal value of a share?
The nominal value of a share is not less than 1 EUR. A further increase should be 1.0 times the total euro. Units do not necessarily have to be equal in value. Purchase of additional shares of a partner increases share in OÜ. Shares can be freely sold or given away as long as there is notary certification.[nt_divider style=”1″]
Take attention to the following partners obligations:
| Partners | Ltd. |
| His/her proper share capital | Needs whole share capital |
- Why hold a general meeting and what powers do shareholders have?
The General Meeting is held on convocation of the board and is for the purposes of making decisions on company matters, such as the approval of annual reports.[nt_divider style=”1″]
- Authority:
A company’s authority is affected by increase or decrease of capital, changes in statute, the re-election of members of the board and the decisions taking within their competence.[nt_divider style=”1″]
- How to deal with company profits:
Company profits can be paid to shareholders once a year in the form of dividends. The dividend that each partner received is dependent on the nominal value of his or her share, 20% income tax on dividends will be applied. In case of reinvestment of the income according to company purposes is not required to pay a Corporate Income Tax. [nt_divider style=”1″]
Persons registering a Ltd company in Estonia, and who would like to enjoy limited partnership advantages in Estonia and its business do not hesitate to apply to our company. Our consultant services are designed to make it simple and stress-free. We have details galore to share and our guidance will make the process easier.
Forming a company doesn’t have to be a tiresome chore.