Estonia is a leading country when it comes to using technology in various administrative sectors, namely blockchain that is used is most of the government services. However, blockchain can also be used by private investors who can set up other types of business in Estonia, such as launching initial coin offerings or ICOs. In this article,…
Two of the types of activities that can be completed in the fintech sector are the electronic money issuance and the provision of payment services. These correspond to the Electronic Money Institution (EMI) and the Payment Services Provider (PSP) and Estonia is one of the first European countries to acknowledge their importance. If you…
Foreign entrepreneurs who want to open companies in Estonia have various choices when it comes to choosing the structure of their future business. One of the simplest ways of starting a business in Estonia is by registering a sole proprietorship or sole trader (FIE). This business form is available for single company owners and come with…
A holding company in Estonia is a group of several businesses under the same umbrella and this structure is motivated by a number of advantages received by the contractor. An Estonian holding company retains its identity and form of organization, as well as its place on the supply and sales markets. The connection between…
The first step in order to register a limited liability company in Estonia consists of choosing the name for the business. The name must be in the Estonian language or Latin and can not contain characters that are not in the Estonian alphabet. The name must be different from the names of…
Starting a business in Estonia is not complicated, as the procedure has been simplified a lot and can also be completed remotely. However, there are cases in which a company does not perform as required and must undergo liquidation. In order to ease the liquidation procedure of an Estonian company, the government has simplified…
An Eesti filial (Estonian branch) is not considered a legal entity and its foreign parent company carries all the liabilities for its actions. The nature of the business performed by the branch dictates if it requires a special license or not. Certain companies must notify the Estonian Financial Supervision Authority before opening…
