Estonia tourist

Public limited liability company (AS) or joint stock company

Equity capital Equity capital – the minimum share capital is EUR 25 000. The equity capital contribution can take the form of both cash and property contribution. The capital is divided into shares, which may be traded or offered for sale publicly. Shares must be registered and entered in the Estonian Central Register of Securities. The rights attached to registered shares belong to the person who is entered as the shareholder in the share register.

Founder – one or more persons can be the founder/s or shareholder/s of a public limited liability company, and they can be both natural persons and legal entities. The founder may be a resident or non-resident of the Republic of Estonia.

Status – a public limited liability company is considered a legal entity. Liability – the founder/s or shareholder/s of a public limited liability company is not personally liable for the obligations of the company. A public limited liability company is liable for the performance of its obligations with all of its assets.

Management body – a company must have a management board and a supervisory board. The management board is a directing body of the public limited company that represents and directs the public limited company. A member of the management board need not be a shareholder. The board consists of one or more directors; director can be only natural person. A member of the supervisory board must not be a member of the management board. At least 50% of board members of the management board must be residents of the European Union, Switzerland, Norway, Iceland or Liechtenstein.

The supervisory board must plan the activities of the public limited company, organise the management of the public limited company and supervise the activities of the management board. The supervisory board must notify the general meeting of the results of a review. The supervisory board must give orders to the management board for organisation of the management of the public limited company. The supervisory board must have three members unless the Articles of Association prescribe a greater number of members.

Audit -a company must appoint an auditor.

If you have questions about different type of entities in Estonia, do not hesitate to contact us.