Published: 06 Oct 2008 17:51:03 PST
Setting up a company
Legal business entities
| Different types of companies | Number of partners/shareholders | Maximum and/or minimum capital | Liabilities | Registration fees |
| Individual Private Entrepreneur is a sole proprietorship. | 1 person. | No minimum capital. | Liability is unlimited. | EKK 500. |
| Osaühing is a Private Limited Company. | Minimum 2 partners. | Minimum EEK 40,000. | Partners' liability is limited to amount contributed. | Maximum EKK 20,000 |
| Aktsiaselts is a Public Limited Company. | No minimum. | Minimum EEK 40,000. | Partners' liability is limited to the amount contributed. | Maximum EKK 40,000 |
| Taïsühing is a general partnership. | Minimum 2 partners. | No minimum capital. | The General Partner is personally liable with no limitation for debts and obligations of the company. | 0.2% of the registered capital with EKK 3,000 minimum fees. |
- Business setup procedures
- All documents must be drawn up in Estonian. When a translation is required, legalisation from the Estonian Embassy is required.
Status have to be delivered, within six months after signature by the founders, with the Trade Register where the company is going to be located. Two to three weeks are necessary to carry out all the constitution's formalities.
Working conditions
- Legal weekly duration
- 40 hours
- Retirement age
- Working contracts
Cost of labor
- Minimum wage
- 3,000 kroons (USD243)
- Average wage
- Social security contributions paid by employers
- Social security contributions paid by employees
Social partners
- Bargaining power
- Unionization rate
- Labor regulation bodies
-
Ministry of Social Affairs
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