Thank you Hannah for the explanations. I have got my e-Residency card last week.With the reduction in share capital requirements, removal of contact person in Estonia are expected to go off, I might have to think of postponing my company registration to Feb 2023 😀
According to the Estonian Commercial Code, the minimum required share capital for an OÜ is €0.01 per shareholder. You will have to confirm the payment of your share capital contribution when registering your company. Service providers have different plans and services that they offer, so the timeline depends on who you will choose to be your service provider and what plan you agree on.
I don't have any funds generating from the business yet. Is it possible to open the business without the contact person/address service if I'm based in an EU country? Can I put my address/contact in another EU country instead?
If the management board of your Estonian company (or a body substituting therefore) is located abroad, you will need a designated contact person in Estonia, as required by the Commercial Code. This service can be obtained from a virtual office service provider. Please read more from our Knowledge Base: learn.e-resident.gov.ee/hc/en-us/articles/360000624858-Contact-person-legal-address
This is impressive....the recent changes done on Estonian e-residency is a plus for Businesses less than three years; like ours!
Thank you Hannah for the explanations. I have got my e-Residency card last week.With the reduction in share capital requirements, removal of contact person in Estonia are expected to go off, I might have to think of postponing my company registration to Feb 2023 😀
Hello sir I’m from Australia please your Video very very good. Zaman from Australia
is the head captial still required and for the service provider and the contact person can I hire them for only one year?
According to the Estonian Commercial Code, the minimum required share capital for an OÜ is €0.01 per shareholder. You will have to confirm the payment of your share capital contribution when registering your company.
Service providers have different plans and services that they offer, so the timeline depends on who you will choose to be your service provider and what plan you agree on.
what is up with 2 x 4 minute unskipable ads before I can get to see the video? :(
Plz help m to open compny process in e residence estonia i receaved my card. Plz tell me next step??????
How far with the next step. Have you been able to register your company now?
I don't have any funds generating from the business yet. Is it possible to open the business without the contact person/address service if I'm based in an EU country? Can I put my address/contact in another EU country instead?
If the management board of your Estonian company (or a body substituting therefore) is located abroad, you will need a designated contact person in Estonia, as required by the Commercial Code. This service can be obtained from a virtual office service provider. Please read more from our Knowledge Base: learn.e-resident.gov.ee/hc/en-us/articles/360000624858-Contact-person-legal-address
Thank you for explanation and thanks for reimbursement for Ukrainians❤