News

18.11.2022
Changes in the Commercial Code of Estonia from 15.01.2018
27.12.2017
Since 15th January 2018 the amendments to the Commercial Code of Estonia come into effect. If the management board of a company is located in a foreign state, the company must designate a contact person to whom the procedural documents of the undertaking and the declarations of intent addressed to the undertaking may be delivered in Estonia. Upon delivery of a procedural document or declaration of intent to the contact person, the respective procedural document or declaration of intent is deemed to have been delivered also to the undertaking. In such case, only a notary, notary's office, advocate, law office, sworn auditor, audit firm, tax representative of a non-resident for the purposes of the Taxation Act or a trust and company service provider specified in § 8 of the Money Laundering and Terrorist Financing Prevention Act may be designated a contact person. The address of the contact person shall be considered the address of the company in such case. Unless a company has designated a contact person within the determined term, the registrar may decide on the compulsory dissolution of the company.

Maksims OÜ is a provider of trust and company services specified in § 8 of the Money Laundering and Terrorist Financing Prevention Act and, following from that, we also have the right to be such a contact person. We are ready to provide further information, if necessary.