Tax cost – as with any other cost – is something one wants to cut down during hard times. Sometimes, resources can be allocated to places where avoidable costs are the highest. Please see below our brief comparison of tax liability-related costs in the Baltics and Belarus. This reflects the current state of the law […]
Many companies will likely be forced to deal with debts and liquidity issues – one must act smart and promptly to keep the problems from snowballing. Advice to creditors: Stop the snowballing effect! Set the credit limit and ask for advance payments First, take a good look at the credit limits you have set for your […]
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 […]
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 […]
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 […]
