From the 15th of May to 15th of September this year, Estonian banks are accepting applications for raising the payment rate for the mandatory funded pension payments for the following four years. Raising the payment rate does not concern people who were born between the years 1942-1954 and who submitted an application in the fall…
New minimum gross monthly salary in Estonia is 320 euros. Estonian government approved the new minimum with its decree yesterday 10th of January 2013. The Estonian Trade Union Confederation and The Estonian Employers’ Confederation signed on 21st of December 2012 an agreement, which stated a new minimum gross monthly salary of 320 euros in effect…
New minimum gross monthly salary of 320 euros is not yet approved Minimum gross monthly salary is still 290 euros, until the government approves new minimum with its decree. The Estonian Trade Union Confederation and The Estonian Employers’ Confederation signed an agreement on 21st of December 2012, which stated a new minimum gross monthly salary…
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…
From the beginning of January there is a possibility to see and print out the company’s registry card in English. This helps to save time and money which before was spent on the translation services and notarial authentication. The Estonian Minister of Justice Kristen Michal comments that the further development of e-Business Register in order…
ANIMAL spirits have long been soggy in the European Union, but they are thriving in one of its smallest countries. World Bank figures show that registrations of new limited companies (the commonest kind of start-up and a good indicator of entrepreneurial vim) were down by 12.1% in the EU in 2009, the latest year for…
Starting from 01.01.2012 there have been some changes in the Commercial Code. The most significant change entered into force from 01.01.2012 is a requirement, that the person has to submit to the registrar specific data concerning one’s address and the person who is not a subject of the Estonian population register has to submit his/her…
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…
Centre of Registers and Information Systems: Estonian e-annual reporting voted best e-government solution of the world The e-annual reporting environment, created by the Estonian Centre of Registers and Information Systems for entrepreneurs to enable filing annual reports electronically, was voted the best solution of e-government category from among more than 460 projects at the global…
There will be changes to the Value Added Tax Act on 1st of January 2011. Most significant changes are: 1. Report on intra-Community supply of goods or service has to be presented monthly for the deadline of 20th date of each month. Previously it had to be done quarterly. 2. VAT on purchase of a…