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.
A holding company, also known as a parent company, is primarily established to own shares in other companies. Unlike traditional operating companies, holding companies usually do not produce goods or services themselves. Instead, their primary function is to control or manage other businesses’ assets and operations.
Introduction Between 2025 and 2026, the global accounting profession is undergoing a seismic transformation. Catalyzed by rapid advances in AI, the expansion of ESG compliance, and regulatory convergence across Europe, accounting is no longer confined to balance sheets and ledger entries. For service providers like 1Office, which support thousands of location-independent companies, these shifts…
Introduction: The digital identity revolution In 2014, Estonia launched e-Residency, the world’s first government-issued digital identity for global entrepreneurs. Since then: 125,000+ e-residents from 170+ countries, 35,500+ Estonian companies established, €15 billion+ in total company turnover, ~1,100 new e‑Residency applications monthly. Source: E-Residency statistics. The message is clear: secure, portable digital identity isn’t…
As of 2025, ESG compliance is no longer optional for many small and medium-sized enterprises (SMEs) across Europe. With the Corporate Sustainability Reporting Directive (CSRD) taking effect, the shift toward mandatory Environmental, Social, and Governance (ESG) reporting is now a defining part of doing business in the EU. But where does that leave SMEs? Especially…
Why Annual Report in Estonia Are Essential for Businesses What Makes Annual Reports Vital in Estonia? If you’re running a company in Estonia, there’s one document that holds a special place in the business landscape—the annual report. Annual report in Estonia are much more than administrative formalities—they are essential for legal compliance and building…
My1Office app is now available. Now you can start a company from your pocket and manage all my1Office services from your phone.
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:
The UK Budget for 2021 focuses mainly on three key areas: emergency support packages to businesses, employees, and the public. Read about the changes concerning businesses.
Following the UK’s departure from the EU, there have been many changes to the VAT treatment for selling goods to UK consumers.