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1. Varieties of enterprise entities –
The commonest forms of firms in Estonia are the general public restricted legal responsibility firm (“AS”) and the personal restricted legal responsibility firm (“OÜ”). The OÜ could also be in comparison with a closed company: its shares aren’t publicly traded and there are often somewhat few shareholders. The shares of an AS, in distinction, are at all times in book-entry kind and extra simply transferable.
The principle cause most companies go for the OÜ kind is that the minimal share capital requirement is EUR 2,500 (doesn’t must be paid upon registration by a person individual), whereas for the AS it’s EUR 25,000. By the tip of 2022, the legislator plans to abolish the minimal share capital requirement for OÜ. As well as, OÜ kind has extra easy administration construction (one stage with sole administration board member) and it doesn’t have computerized auditing obligation.
Please see full Chapter under for extra info.
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