As of 6 April 2020 it is possible to attest notarial acts remotely via digitised notarial services (remote attestation), which was initially planned as a pilot project in Estonian foreign representations. A format for attesting notarial acts has been added to the traditional format whereby a party to the act to be attested had to personally visit […]
Many companies will likely be forced to deal with debts and liquidity issues – one must act smart and promptly to keep the problems from snowballing. Advice to creditors: Stop the snowballing effect! Set the credit limit and ask for advance payments First, take a good look at the credit limits you have set for your […]
An Estonian company’s management board must notify the Commercial Register of its ultimate beneficial owners (UBOs) within 30 days of any change and every time they submit an annual report. UBOs can be declared either through a notary or by the management board members themselves via electronic company portal. Failure to do so may carry […]
The crisis has forced lawmakers to act promptly and introduce a wide array of new electronic options for companies to organise their business. While these new options often reduce the red tape burden for management board members, their most important duty – to act in the best interest of their companies – remains as important […]
Organising shareholder meetings remotely Under the Law on Companies, a limited liability company may allow shareholders to attend the general meeting of shareholders and to vote by means of electronic communications. Although no official changes in legislation have yet been implemented in this field, on 7 April 2020 the Ministry of Economy and Innovation published […]
