In 2023 Estonian government introduced legislation that gave the business register the authority to delete companies in case their owners fail to comply with the legislation. Business register monitors if directors of the company fulfill their legal obligations and if they fail to do so, register may delete the company. Deleting takes place on two occasions:
Stricter Measures by Skatteverket: What Foreign-Owned Companies in Sweden Need to Know At 1Office, we’ve observed noteworthy changes in Skatteverket, Sweden’s Tax Agency, practices, particularly affecting businesses with international directors or owners. These updates are essential for maintaining compliance and protecting your company’s operations in Sweden. Key Changes in Skatteverket’s Policies 1.…
Starting from February 1st, 2023, there are some important changes to the Commercial Code. Instead of previous minimum share capital requirement 2500EUR, now there is no minimum capital requirement. As the smallest nominal value of a share is one euro cent, the share capital must be at least one cent from February onwards.
Together with the new OSS (One Stop Shop) VAT scheme, the EU also introduced a new Import One Stop Shop, or IOSS voluntary VAT scheme on 1 July 2021. This applies to business-to-consumer (B2C) transactions and is aimed to make life easier for both, sellers and buyers.
Learn about starting a company in Sweden, including various types of legal forms, tax systems and laws regulating the local business scene.
After Brexit, it has become even more popular to set up a company in Ireland, especially for UK residents. In this article we will look in more detail at why you should start a business in Ireland as a UK resident, what are the differences between a UK and an Irish company and how to start a company in Ireland.
Starting your own business is an exciting and rewarding journey. Whether you’re launching a small venture or aiming for bigger goals, getting the basics right is crucial. In this guide, we’ll explore some key steps and requirements for new UK entrepreneurs, including how to choose a business name, whether you need to register for VAT, understanding confirmation statements, and the responsibilities of a company director.
There are four generally recognised methods for transferring funds and assets to a company. The right option depends on the purpose of the funds, the company’s needs, and its financial and legal status. In this article, we outline different ways owners can transfer funds to their company and explore options for attracting new investors.
When deciding between an OÜ and an MTÜ, understanding their differences is important. Both have unique legal structures, benefits, and obligations that can significantly impact how your organisation operates. An OÜ is ideal for profit-driven ventures, offering flexibility and limited liability, while an MTÜ is designed for non-profit activities, requiring at least two founders. In this article, we’ll explore the key pros and cons of each to help you choose the right structure for your goals.
Ondato is an advanced KYC (Know Your Customer) system designed to streamline identity verification for businesses. By automating the compliance process, Ondato ensures that companies can securely verify the identities of their clients while meeting regulatory requirements. Read more how to go through KYC process smoothly.