Categories: General
      Date: Apr  9, 2012
     Title: The share capital

In Estonia, there is no need to form the authorized capital of LTD for the establishment of the company. It may be declared in an amount not less than 2,500 euros and must be formed over several years.

01/01/2011 in the Commercial Code of Estonia had been amended with respect to the order of forming the share capital of the company. Thus, §140-1 (institution without the contributions) of the Commercial Code specifies that if the planned share capital of the new partnership does not exceed 25 000 Euro, the memorandum of association may provide for the founders did not pay (not generate) a share at the time of establishment of the company. At the moment the possible registration of companies in Estonia without opening an account for the formation of authorized capital, which was previously required a mandatory procedure for registration and was preceded registration of a company.