Company in Estonia
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There are basically all types of companies that can be registered in Estonia. However, there are generally two types of companies that are most in-demand by foreign investors:
- ✓ the Private limited company (OÜ);
- ✓ the Public limited company (AS).
In practice, the Private limited company (OÜ) is the most widely used form. Moreover, the legislation allows the conversion of a Private limited company into a Public limited company and vice versa.
If the founder is a non-resident, he must designate a contact person in Estonia to register the company (OU). The role of a contact person is to receive and forward legal documents for the company. Establishing a company in Estonia usually takes about 7 business days.
The minimum share capital for an Estonian private limited company (OÜ) is 2 500 euros, for AS – 25 000 euros. Share capital does not need to be paid up at the time of incorporation of OÜ, but it must to be paid before dividends are paid. The payment may be monetary or non-monetary.