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An Estonian company’s management board must notify the Commercial Register of its ultimate beneficial owners (UBOs) within 30 days of any change and every time they submit an annual report. UBOs can be declared either through a notary or by the management board members themselves via electronic company portal. Failure to do so may carry […]
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As of 6 April 2020 notarial acts can be attested remotely via digitised notary services, in addition to the traditional format of the parties being present at the notary’s office. If the notarial act is attested remotely via digitised notary services, the person is identified via video bridge. Currently, only the holders of an Estonian […]
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The crisis has forced lawmakers to act promptly and introduce a wide array of new electronic options for companies to organise their business. While these new options often reduce the red tape burden for management board members, their most important duty – to act in the best interest of their companies – remains as important […]
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Selling goods cross-border on electronic channels entails tax liabilities, some of which may come as rather unexpected. Here are some practical issues our clients have encountered, which hopefully may help avoid their mistakes. As long as you sell goods or provide services in your home country, the rules are simple: you do not have to […]
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As online traders have significantly increased their revenues, many companies find it attractive to move their business online. Let us take a quick look at what the legal ramifications might be. Choose an appropriate sales channel The first decision is to choose an electronic sales channel: this may be a classic online store, a mobile […]
