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Estonia Company Formation

ESTONIA

Type of Entity: Limited Liability Company (LLC, also known as OÜ) Public limited Liability company (AS)
Type of law: Estonian Commercial Code Estonian Commercial Code
Shelf company availability: Yes Yes
Incorporation time frame: 5 – 10 business days 5 – 10 business days
Minimum Government fees: EUR 145 - 190 EUR 145 - 190
Regular Corporate Income Tax: 20% 20%
Double Tax Treaty access: Yes Yes
Minimum issued share capital EUR 2,500 EUR 25,000
Minimum paid up share capital on incorporation: None 30%
Minimum number of Shareholders required: One One
Bearer Shares No No
Nominee Shareholders Permitted Yes Yes
Minimum number of directors One One
Corporate directors permitted Yes Yes
Local directors required Yes Yes
Local meeting required Yes Yes
Company secretary required No No
General Meetings of Shareholders Yes, (at least once a year) Yes, (at least once a year)
Local Registered office required Yes Yes
Exchange Control Not existing Not existing
Disclosure of beneficial owner to Company Registrar Yes (the natural person or persons who ultimately own or control the company subject to registration in the trade register by the direct or indirect exercise of ownership over a sufficient percentage of the number of shares or voting rights or by participation in the company’s equity respectively) Yes, (the natural person or persons who ultimately own or control the company subject to registration in the trade register by the direct or indirect exercise of ownership over a sufficient percentage of the number of shares or voting rights or by participation in the company’s equity respectively)
Government register of directors Yes (in Estonia's e-Business Register) Yes (in Estonia's e-Business Register)
Annual return Yes (a mandatory) Yes (a mandatory)
Submission of accounts Yes (at the end of each financial year Yes (at the end of each financial year)
Audit Yes (an annual report should be filed at the Commercial Register within six months after the end of the financial year) Yes (an annual report should be filed at the Commercial Register within six months after the end of the financial year)
Change of domicile permited Yes Yes

We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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