edwin01

3 ms·

1.
by edwin01 8y ago
> I can pull out if needed According eesti.ee, it will take around six months to close limited liability company in Estonia. So yes, technically you can pull out but if it's anything like other more obscure legal procedures in Eston
2.
by edwin01 8y ago
Solid advice. I was stupid enough to follow the process estonian gov had laid out and it really didn't make this distinction at any point so I registered our full capital as share capital.
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by edwin01 8y ago
I can also chime in that avoid Swedbank like plague. I tried them first but after submitting them with 6 months of personal bank statements and getting back an offer for CC with 300€ credit limit I went straigth to LHV which has been fantas
4.
by edwin01 8y ago
This is a good point. However for me the annoyance is not about reporting the decrease, it's the fact that if capital drops below 50%, government is now in control whether they exercise that control or not. I would understand something
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by edwin01 8y ago
"If the net assets are less than half of the share capital or less than the minimum capital requirement of EUR2,500 regarding private limited liability companies and EUR250,000 regarding public limited liability companies, the sharehol
6.
by edwin01 9y ago
I wish they would first translate all the necessary documents to run a business in Estonia to english, and after succeeding in that, then jump into creating new financial instrument for the new brave digital world.
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by edwin01 9y ago
Yes. If your balance at the end of the year isn't half of your starting capital, you need to tell estonian government officials how you are planning to recover from this horrible failure. I didn't know this on my first year and we
8.
by edwin01 9y ago
I incorporated in Estonia few years ago because of what their promo materials say. It’s a total shitshow unfortunately and while it’s true that you can do everything online, it’s not what you think. All user interfaces are straight from the