Constitute , form or create a company in Estonia
To Incorporate a company in Estonia there are two main types of companies:
- SA - Aktsiaselts (AS )
- LLCs - Osaühing (OU)
The minimum share capital of AS is EEK 400,000 euros equivalent would be: ( € 25,500 )
Features:
- At least half of the members of the Board of Directors must be resident in Estonia
- The accounts must be audited..
- A local BUSINESS Matters to be taken
The minimum share capital to form a limited company is EEK 40,000 Euros in its equivalent would be: ( € 2,550 ).
Characteristics of a Limited Liability Company
- Auditors are required compulsorily always when the capital exceeds 400,000 kroner ( € 25,500 ).
- At least half of the members of the Board of Directors must be resident in Estonia
- It is important to have a local business
Corporate legal structures in Estonia:
- General Company (TU ) - No minimum capital requirements or financial information , all partners are responsible separately
- Limited Partnership (UU ) - similar to UT , but makes no distinction between the general and limited partners.
- Independent Business ( FIE ) - no capital requirements or obligations
- Financial reporting .