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…
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…
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…
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…
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.
1Office is happy to announce that you and your business are welcome to consult with our Tax Advice team.