If the share capital of a private limited company is at least 10,000 euros and fully paid in, the articles of association may waive the formal requirement for a notarial transaction and provide that the transfer of a share shall be performed at least in a form that can be reproduced in writing. All shareholders of a private limited company must agree to the decision to approve or amend the articles of association in such a way that the formal requirement is waived or restored.
By creating a work, the author of the work acquires copyright to that work. The content of copyright consists of personal rights and property rights. The personal rights of the author are inseparable from the person of the author and are not transferable. The economic...
Copyright is a collection of personal and proprietary rights that the author automatically derives from literary, artistic and scientific works. In Estonia, copyright is primarily governed by copyright law. A work is any original result in the field of literature, art...
The phrase “offshore company” is lately often in the newspaper columns in relation to money laundering scandals. Using an offshore company in medium-sized and large corporate structures is not new, says Georgi Džaniašvili, a partner at the law firm of Magilex, in newspaper Delovyje Vedomosti.
The business name of a company is the name registered in the commercial register under which the company operates. A company can have only one business name and it must be clearly distinguishable from other business names registered in Estonia. In addition, the...
If your business is involved with processing of personal data, you must assess whether your company is obliged to appoint a data protection officer by checking compliance with data protection regulations. When appointing a specialist, the suitability of the person...
Magilex partner Siim Mägi published an article about recent practice in Estonian real estate market where developers are using fake bookings in order to make objects more appealing to potential buyers.
As of the 1st of September 2018, all Estonian companies, non-profit associations and foundations are required to disclose information about their beneficial owners to the commercial register.