Classical and Fintech Banking

How to add beneficial owner information of an Estonian company

All Estonian companies are obligated to submit the data of the person who benefits from the company’s activities’, or so-called
beneficial owner, in the Estonian Business Register. Submitting the data of the company’s beneficial owner is mandatory due
to the updates in the Money Laundering and Terrorist Financing Prevention Act. The new requirement is in force from 10 March 2020.

Why it makes sense to be a remote business owner?

Being able to work remotely and have a location-independent lifestyle is becoming increasingly popular and commonplace. People do not necessarily need to be at the office all-day, every-day and multiple studies have shown that remote workers can perform equally well, if not better than their counterparts. Working location-independently minimises costs, increases productivity and also leads…