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…
Office space in London can be a challenge 1Office UK director Ivar Veskioja explains to overseas entrerpreneurs the process of leasing an office space in London. London is an attractive metropolis The United Kingdom continues to be England together with Scotland, Wales and Northern Ireland and London is still an attractive destination for start-ups and…
Nordic business services company 1Office Group opened an office in London in September. The aim is to offer companies entering the UK market support with virtual office, accounting and legal services. The UK subsidiary is headed up by the group’s former CEO Ivar Veskioja, who has previously run 1Office’s Estonian and Swedish offices. According to…
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…
From June 1st the CEO of 1Office Group is Ragnar Everest. Previously Everest has been the development manager at 1Partner and the business manager at Elion. He started work at 1Office Group in 2011, having been the head of the marketing and communication department at Tallinn University of Technology. The position of 1Office Group’s COO…
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…
On July 9th this year the ECOFIN Council approved the Latvian participation in the Economic and Monetary Union (EMU) from January 1st 2014. The Bank of Latvia fixed the exchange rate at 0.702804 already in 2005, one lat being equivalent to €1.42. As of January 1st 2014, financial institutions and stock exchanges will convert electronic…
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…