Changes to Estonian Company Share Capital Regulations as of 1 February 2023
Effective from 1 February 2023, a new Estonian Commercial Code has been implemented, bringing about revisions to the regulations governing share capital requirements for Estonian limited companies.
Under the new law, the previous minimum required share capital of 2500 euros has been eliminated, along with the provision that allowed the postponement of share capital deposits during company registration. In this article, we will delve into the specifics of these changes and offer some recommendations for founders who had registered Estonian companies prior to 1 February.
The amendments introduced by the new law offer increased flexibility for both resident and e-resident founders. However, experts in e-Residency have identified a controversial aspect of these changes. The elimination of the 2500 euros shares capital deposit requirement simplifies the process of starting a limited company for both residents and e-residents.
Share capital requirements for new companies The significance of 1 February 2023 lies in the radical transformation of the minimum required share capital for Estonian private limited companies (OÜ). Traditionally, Estonian entrepreneurs have been accustomed to the notion that a share capital of 2500 euros is necessary for establishing a limited…
