π° Pay Share Capital
πΌ Easy and Quick Registration: Setting up a private limited company in Estonia is a straightforward and speedy process.
π° No Required Share Capital: As of February 1, 2023, there is no statutory requirement for a minimum share capital when establishing a private limited company.
π€ Freedom to Decide: Founders have the freedom to decide how much capital they want to invest in their private limited company, providing flexibility based on the company’s planned activities and capital needs.
π Risk Consideration: While there’s flexibility in determining share capital, founders should carefully assess their contributions and startup costs to avoid causing damage to the company.
π¦ Liability Protection: Shareholders of a private limited company are shielded from personal liability for the company’s obligations.
π Legal Safeguards: In cases where the share capital is set below 2,500 euros and bankruptcy proceedings are terminated without declaring bankruptcy, the court may order the shareholder to pay an amount between the share capital and 2,500 euros if the trustee’s claims for fees and expenses remain unsatisfied from other debtor assets.