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Now you can use Smart-ID for company formation

Estonian companies can now be established just using Smart-ID app. The first ever company established online using Smart-ID was today accepted by Registration Department of Tartu County Court. Previously, this was only possible using an Estonian digital ID card or mobile-ID.

It just became even easier to establish a company online in Estonia. Online company formation is now possible for Smart-ID users through a new self-service portal provided by Unicount.

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Who is a beneficial owner?

Since 1 September 2018 all legal persons registered in Estonia are obliged to retain and publish data on the beneficial owners of the legal entity. This is based on chapter 9 of the Estonian Money Laundering and Terrorist Financing Prevention Act.

Pursuant to the Act, a legal person is required to retain and gather relevant, accurate and up-to-date data on its beneficial owners, including information on their right of ownership or other manners of exercising control.

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Estonian e-Residency in a nutshell

E-Residency is a secure digital identity provided by the Estonian government to a person who is not an Estonian citizen and has no residence in Estonia. This is the first such project in the world, which gives access to a country and its services online.

Your Estonian digital identity comes in the physical form of a smart card with a chip that you get after your identity and compliance have been confirmed by Estonian government agencies doing background checks of applicants.

We have written this article to have everything you need to know about e-residency in a two-minute read.

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Articles of association for Estonian OÜ

All limited companies (OÜ) registered through the Unicount online company formation service in Estonia follow standard articles of association. These articles of association are the English version provided by the Estonian Business Register for expedited limited company formation, effective from 1 June 2023. If your company is registered via the e-Business Register online service, you would have similar articles, unless you made manual amendments. For further information on the e-Business Register formation process and articles of association, we have written a detailed support article.

To ensure you have a complete understanding of the articles of association, we will take a closer look at each article in both the new version and the old version, which was used until 31 May 2023.

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Register a company online in five minutes

Unicount enables Estonian e-residents to establish a company in the EU from anywhere in the world without the need to travel. Follow the instructions in this article to register a company in Estonia online in five minutes or less.

If you are not yet an Estonian e-resident, learn how to become an e-resident so you can register your company online via the Unicount web app. The app can be used to register a sole owner (private person) and sole director companies in Estonia.

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