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Fun fact, Estonia’s commercial register is still available and, as far as I can tell, never had anything to do with complying with EU regulation, but was comple

Fun fact, Estonia’s commercial register is still available and, as far as I can tell, never had anything to do with complying with EU regulation, but was completely internally legislated. Similar to the US federal law vs. states, one not enforcing it anymore doesn’t necessarily mean that the rest won’t keep doing it. https://ariregister.rik.ee/eng https://ariregister.rik.ee/eng

chrisandchris 4y ago
Quedtion: What exactly is public in EU/Estonia? E.g. in Switzerland, one can see share holders of limited companies (GmbH) but not for Aktiengesellschaft (public companies).
- chrismeller 4y ago
  In Estonia I believe anyone who holds more than 10% of shares has to be listed for a public company while private has to list everyone.
MichaelZuo 4y ago
Doesn't seem like it? I tried searching up some examples of subsidiaries of larger companies and the 'Beneficial Owners' section doesn't actually contain who ultimately owns the company. For example Toyota in Estonia: Toyota Baltic Aktsiaselts (10234087) https://ariregister.rik.ee/eng/company/10234087?active_tab=register&wmsg=4163636573732064656e696564%7C2555e7f7fa5341d4747952e8acb93256 https://ariregister.rik.ee/eng/company/10234087?active_tab=r... Has 1 board member listed. SIA Toyota Material Handling Baltic Eesti filiaal (11629379) https://ariregister.rik.ee/eng/company/11629379/SIA-Toyota-Material-Handling-Baltic-Eesti-filiaal?search_id=e512344&pos=3&active_tab=register https://ariregister.rik.ee/eng/company/11629379/SIA-Toyota-M... Has no one listed at all, which would be illegal?, if the law mandates it. Eesti Toyota Ühing (80226178) https://ariregister.rik.ee/eng/company/80226178/Eesti-Toyota-Ühing?search_id=e512344&pos=2&active_tab=register https://ariregister.rik.ee/eng/company/80226178/Eesti-Toyota... Has 3 board members listed.
- chrismeller 4y ago
  Toyota Baltic has a shareholder and beneficial owner listed, which seems to be compliant. SIA Toyota Material Handling is the registration of a foreign company (Latvia), and says beneficial owner information isn’t required, presumably because it’s up to their home country to get that data. Eesti Toyota lists their board members as beneficial owners. If you note their areas of activity it’s “Associations and social clubs related to recreational activities, entertainment, cultural activities or hobbies”, so I’d say not actually related to Toyota like you thought.
  - MichaelZuo 4y ago
    Huh the last linked company does appear to be purely recreational. Though of course it's still not ultimately owned by just those three, unless Estonian 'Associations and social clubs' are very different from what I understand. I'm surprised Toyota HQ would let them use their name on official documents if it's completely unrelated. For Toyota Baltic, obviously the sole listed board member is not the 'Ultimate Beneficial Owner' or even any 'Beneficial Owner' since Toyota Baltic is a legally controlled subsidiary of a much much larger company. Which the board member does not own, nor are they likely to be the sole beneficial owner of any intermediate holding company. The 'Beneficial Owner' is very very likely just a legal representative.
profstasiak 4y ago
u discount the power of business lobby. Also a lot of EU regulations have to be internally legislated. Anyway I find it weird anyone can see how much profit my company had last year
- deleted 4y ago
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chrisandchris 4y ago

Quedtion: What exactly is public in EU/Estonia? E.g. in Switzerland, one can see share holders of limited companies (GmbH) but not for Aktiengesellschaft (public companies).

chrismeller 4y ago
In Estonia I believe anyone who holds more than 10% of shares has to be listed for a public company while private has to list everyone.

MichaelZuo 4y ago

Doesn't seem like it? I tried searching up some examples of subsidiaries of larger companies and the 'Beneficial Owners' section doesn't actually contain who ultimately owns the company. For example Toyota in Estonia: Toyota Baltic Aktsiaselts (10234087) https://ariregister.rik.ee/eng/company/10234087?active_tab=register&wmsg=4163636573732064656e696564%7C2555e7f7fa5341d4747952e8acb93256 https://ariregister.rik.ee/eng/company/10234087?active_tab=r... Has 1 board member listed. SIA Toyota Material Handling Baltic Eesti filiaal (11629379) https://ariregister.rik.ee/eng/company/11629379/SIA-Toyota-Material-Handling-Baltic-Eesti-filiaal?search_id=e512344&pos=3&active_tab=register https://ariregister.rik.ee/eng/company/11629379/SIA-Toyota-M... Has no one listed at all, which would be illegal?, if the law mandates it. Eesti Toyota Ühing (80226178) https://ariregister.rik.ee/eng/company/80226178/Eesti-Toyota-Ühing?search_id=e512344&pos=2&active_tab=register https://ariregister.rik.ee/eng/company/80226178/Eesti-Toyota... Has 3 board members listed.

chrismeller 4y ago
Toyota Baltic has a shareholder and beneficial owner listed, which seems to be compliant. SIA Toyota Material Handling is the registration of a foreign company (Latvia), and says beneficial owner information isn’t required, presumably because it’s up to their home country to get that data. Eesti Toyota lists their board members as beneficial owners. If you note their areas of activity it’s “Associations and social clubs related to recreational activities, entertainment, cultural activities or hobbies”, so I’d say not actually related to Toyota like you thought.
- MichaelZuo 4y ago
  Huh the last linked company does appear to be purely recreational. Though of course it's still not ultimately owned by just those three, unless Estonian 'Associations and social clubs' are very different from what I understand. I'm surprised Toyota HQ would let them use their name on official documents if it's completely unrelated. For Toyota Baltic, obviously the sole listed board member is not the 'Ultimate Beneficial Owner' or even any 'Beneficial Owner' since Toyota Baltic is a legally controlled subsidiary of a much much larger company. Which the board member does not own, nor are they likely to be the sole beneficial owner of any intermediate holding company. The 'Beneficial Owner' is very very likely just a legal representative.

profstasiak 4y ago

u discount the power of business lobby. Also a lot of EU regulations have to be internally legislated. Anyway I find it weird anyone can see how much profit my company had last year

deleted 4y ago
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