Starting a company from scratch allows you to develop everything from the start according to your own wishes. You have the possibility to create a non-standard solution.
The establishment of a company includes the following procedures:
- Checking the availability of a business name
- Preparation of the incorporation documents
- Setting a date for notary operations. All founders or their representatives and all board members shall have to participate in the notary operations.
- The founders open an intitial account at a bank and deposit the share capital. The bank shall issue a certificate on the share capital deposit.
- State fees shall be paid and we will submit the documents to the Commercial Register. The registration takes up to 5 working days.
If an authorised person is representing the founder, the letter of authority must be notarised. For a foreign company also authenticated by an apostille or legalised.
Preliminary information required:
- Data of founders (name, address, registry code/identification code)
- For a legal person also data of the representative (name, address, registry code/identification code)
- Data of the board members (name, address, identification code and date of birth) – at least 50% of board members must live in the European Union, Norway, Switzerland, Iceland or Lichtenstein
- Business name
- Amount of share capital and division between shareholders
- Location, address and postal code
- Means of communication (telephone, e-mail, homepage address)
- One main field of activity according to the Estonian Classification of Economic Activities (EMTAK 2008)
- Beginning and end of financial year
If the founder is a legal person:
Legalised registry documents of the company.
If it is a country that has joined the Hague Convention for Abolishing the Requirement for Legalisation for Foreign Public Documents from 5 October, 1961 (see the list), the signature and seal on the document shall be verified with an apostille by an authorised official of the country of origin (e.g. Ministry of Justice, Ministry of Foreign Affairs). But if the legal person is from a country that has not joined that convention, the registry documents must first be certified in the respective institution of the given country and after that legislated in the embassy of the Republic of Estonia.