Thanks to the recent changes in the legislation, Estonia managed to remove yet another obstacle for foreign entrepreneurs which was related to the process of selling the company’s shares that involved a lot of bureaucracy, and until now could only be done at the notary’s office.
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.
This is a guest post by Neat. The banking sector has not always been supportive to SMEs. Financial tools that are readily available to corporates are rarely as accessible for young or small businesses – and sometimes that can present a roadblock to entrepreneurs that want to expand their businesses worldwide. Let’s take a…
We are glad to announce our brand new partnership with international business account provider Neat. And what’s even better – we have added Neat to our Company Formation Portal in both Estonia and the UK. This is something unique as Neat will only accept Estonian companies that come through 1Office. Therefore, it’s a perfect opportunity…
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Setting up your Estonian company with its own bank account details is now much easier with 1Office’s recent cooperation with international money transfer provider Wise. Customers can now establish a company, open a bank account and add other necessary services from one place. And all this can be done online and with only a few…