Business name of the company

• Company may have only one business name
• The company name must contain the appendage “osaühing” or the abbreviation “OÜ”
• The appendage or abbreviation must be visible at the beginning or end of the business name
• The business name of the branch of a foreign company shall consist of the business name of the company and the phrase “Eesti filiaal” – Estonian branch

Management board

• The management board may have one or several members
• A member must be a natural person
• A member need not be a shareholder but a member may be a shareholder too.
• Every member may represent Estonian company in all transactions unless the articles of association prescribe that some or all of the members shall represent Estonian company jointly
• A transaction made between an Estonian company and a member of the management board is not valid
• if the supervisory board or shareholders do not agree to the transaction ( exception is in the event of
• every day economic activities undertaken by Estonian company according to the market price of a service)

Share capital

• At least 2500 € as share capital of OU company. ( in the event of providing a cryptocurrency-related services – the share capital shall be at least 12,000 €)
• A contribution may be monetary or non-monetary
• The minimum nominal value of a share is 0,01€
• The share capital may be paid to your bank account located in Estonia or outside Estonia (only within the European Economic Area)
• The share capital shall be registered in the Estonian Business Register and declare at the Estonian Tax and Customs Board
• You can use share capital to pay for business expenses and costs of a company but is not permitted to pay dividends from share capital to shareholders
• You have a right to deferring of share capital payment for up to 10 years if you meet these 2 conditions: ****All founders are private members AND ****The share capital is less than or equal to 25,000€