Estonia: Types of Company
Private Limited Liability Company
This type of company has its capital in the form of shares, owned by shareholders. Individual shareholders are not liable for the legal obligations of the company. The minimum amount of share capital is EUR2,550 and the minimum shareholding EUR1. A Private Limited Liability Company must have a management board that constitutes the body that gives strategic direction to the company. Members of the board must be legal residents of Estonia, though do not necessarily need to be a shareholder.
A supervisory board is required where the total share capital exceeds EEK25,000 and where the number of members of the management board is less than three. It is a requirement of law that a Private Limited Liability Company has an auditor once the size of the company’s share capital exceeds the EEK400,000 limit.