||the business Association is excellent for
organizations in the field of small business with the number of shareholders no more than 5-10 people
||can be legal and natural persons, residents
||any name using the Latin alphabet.
| Registered address:
||within the Republic of Estonia.
||minimum capital is 2500 €.
||the Lowest nominal value of the unit is
10 €. If the nominal value of the share exceeds 10 €, it must be
to be the full multiple of 10 €. Shares can have the same or different
nominal value. Each shareholder can have one share. In case of purchase
the shareholder of the additional share accordingly increases the nominal value
share's. Pai gives the shareholder the right to participate in the management of PLC, in the distribution of
profit and the division of the remaining property after the termination of the PLC. On the PI
can be issued a security. The unit is freely transferable. In case
the purchase and sale agreement must be notarized.
| Shareholders Meeting:
decisions of shareholders are made at meetings. The meeting of shareholders shall be convened
board. The Board convenes a meeting to approve the report for households.
year and distribution of profits, as well as other statutory
- the competence of shareholders includes: amendments to the Charter;
- increase and decrease in share capital;
- election and recall of Council members;
- if the PLC does not have a Board – elections and recall of Board members;
- election of auditor;
- the appointment of a special audit;
- approval of the report for the economic year and profit distribution;
the decision on termination, merger, division and transformation
- section of the unit;
- decision-making on other matters within the competence of the law
the Meeting may decide if there is more than half of the meeting
represented by shares of votes. The decision of the meeting of shareholders is considered to be accepted,
if more than half of the shareholders represented at the meeting are submitted for it
voices'. The decision to amend the Charter shall be deemed adopted if
for it is submitted not less than 2/3 of the votes presented at meeting of shareholders.
Shareholders have the right to make decisions without convening a meeting.
||PLC should have a Board if the share capital amount
exceeds 25000 € and the management Board of the PLC consists of less than three members
or if it is provided by the Charter of PLC.
||the Daily activities of the company are carried out
board. A Board member does not have to be a shareholder. Minimum number of Board members
- 1 person. Members of the Board may be individuals, residents and non-residents.
||payments to shareholders can be made once per
year from net profit or retained earnings for previous households. years.
The shareholder is paid part of the profit (dividend) in proportion to the cost
||the management Board shall organize the accounting in accordance with
The law on accounting. At the end of the business year the management Board
makes annual report and the report on activity in the order established
the above mentioned law.
| The period of entering the company into the register:
||up to 1 week from the date of submission of documents to the commercial
| Enterprise Liquidation:
|| PLC terminated by the decision of shareholders, the decision
the court, in view of the fact that he lost his power and otherwise provided by law
or Charter grounds. In the event of termination of the PLC held its liquidation
(liquidation proceeding.) The liquidators of the PLC are members of the Board.
The liquidator may be a capable individual.
| Transfer of Estonian company to another
income tax 26/74 in the event of a payout in the form of dividends;
0% in case of reinvestment of profit in production;
turnover tax (VAT) – 20%.