Estonia started operating within the Single Euro Payments Area (SEPA) on February 1st, 2014. Reasons for its acceptance were gaining the advantage of an integrated market and simplification of payment solutions for private persons as well as companies. The main change accompanying joining SEPA is that from now on all the account numbers have to…
On July 9th this year the ECOFIN Council approved the Latvian participation in the Economic and Monetary Union (EMU) from January 1st 2014. The Bank of Latvia fixed the exchange rate at 0.702804 already in 2005, one lat being equivalent to €1.42. As of January 1st 2014, financial institutions and stock exchanges will convert electronic…
The deadline for submitting annual report 2011 is 30th of June 2012 The annual report must be submitted to the Commercial Register within six (6) month after the end of company’s financial year. For the companies who use calendar year as financial year, the deadline is 30th of June 2012. We ask you to contact…
Estonian companies having their share capital nominated in Estonian kroon can convert share capital to € for free until the end of 2011. Starting from 1st of January 2012 no amendments to articles of association or share capital are accepted if nominated in Estonian kroon. Share capital conversion process via Commercial Register website is exempt…
Launching a business in Sweden as a foreigner One of the well known Swedish lawyers with law offices in the Baltic and Scandinavia said once that Swedes think that other countries have a different way of doing things. The truth is that Swedes are different. Market with 9 million high income consumers is very attractive…
1Office advices customers to convert Estonian company share capital to euro nomination within year 2010. 6th of September 2010 As Estonia is set to start using euro on 1st of January 2011, companies have to convert their previous kroon based share capital to euro. Conversion is not an automatic process compared to money on bank…
The ECOFIN Council took the final decisions on the euro adoption in Estonia and confirmed that Estonia is ready and will adopt the euro on 1st of January 2011. 13th of July 2010 Estonia set to switch to euro on 1st of January 2011 The ECOFIN Council took the final decisions on the euro adoption…