Estonia: Types of Company
Public Limited Liability Company
A Public Limited Liability Company’s share capital is comprised of public shares. As with a Private Limited Liability Company, shareholders have no liability for the company’s legal obligations. The minimum share capital is EUR25,500 and the minimum nominal share value EUR0.1. Details of shareholders must be recorded in the Estonian Central Register of Securities.
A Public Limited Liability Company is required by law to have a management board and a supervisory board. The former may be comprised of several members, none of which need be shareholders although 50% must be residents of the EU. The supervisory board, which is normally made up of three members, directs and organises the management board and ultimately makes the key decisions about the running of the company.