Less than half a year has passed from e-resident concept winning the development ideas’ contest organised by the Estonian Development Fund. From December 2014 the nationals of foreign countries can apply for an e-resident’s digital identity card for 50 euros. The Estonian Police and Border Guard Board’s service point has to be visited twice for…
The draft of the Commercial Code and the Law of Property Act amendment act has been prepared in cooperation of the Development Fund and the Ministry of Justice, with which the regulation of the Commercial Code concerning companies is wished to be changed to correspond to the needs of startups. The amendments of the law…
From the 1st of January 2015 the new VAT order will begin to apply to B2C electronic services providers due to directive 2008/8/EC of the European Commission. The specified services will start to be taxed in the country where the recipient of the service is located. Which electronic services will taxation change for? The changes…
E-residency: explaining the functioning of e-residency in Estonia From December 2014 foreigners are able to apply for the digital identity card of an e-resident of Estonia without Estonian habitual residence. A digital identity card (digital-ID) allows to use Estonian public and private services, digitally sign documents and encrypt files with a chip card similar to…
From 1 December the value added tax order for passenger cars used by a company will change. According to the new order, when buying and using a passenger car on the basis of a contract for use, also when buying goods and services for the car, there is a right to deduct input VAT only…
Estonia is well known for the continuous development of its e-services. At the end of April the government of Estonia approved the draft of the Estonian e-residency. Basically the wish is from now on to give foreigners the opportunity to get a digital identity, which works in Estonia and also in the European Union. An…
An important change for all businesses operating in Estonia will take place this summer, namely a nationwide Estonian employment register with the Estonian Tax and Customs Board will start operating from July 1st 2014. The new register will contain data on all persons working in Estonia. The purpose of the register is to reduce the…
The new version of the Estonian ID-card software now supports the ID-cards of Finnish citizens. This union guarantees convenient information exchange between the authorities of the two countries and the fast formation of contracts between companies as well as between single individuals living in Estonia and Finland, and also granting and signing of virtual documents…
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…
Bank holidays this year are from Tuesday to Thursday, December 24th-26th. Working on a bank holiday is based on an agreement between the parties and for double wages. Unlike for bank holidays the law does not require additional payment for working on the weekends. Working on days intended for the employees to rest normally creates…