NJORD Advokaadibüroo is taking part in the Garage48 Cyber Security Online Hackathon 2020, which is taking place from the 23rd to the 25th of October.  

Under the current law, all share transactions of private limited companies (OÜ or osaühing in Estonian) must be notarized in case the shares are not registered with the Estonian Securities Register. This is the case with 97% of all companies’ shares in Estonia.

In times of growing chaos and COVID-19 pandemic extending, the Estonian startup community is looking for solutions to address the COVID-19 crisis like a startup – quickly and innovatively.

Foreigners who have a legal basis for staying in Estonia as of March 12, 2020, and who are registered with the Police and Border Guard Board (PBGB) can continue to work here. The prerequisite for this is that they have an employer in Estonia who so wishes and who re-registers their short-term employment with the Police and Border Guard Board.

According to the changes to the law, if the share capital of a private limited company is at least EUR 10,000 and paid in full, the articles of association may waive the formal requirement for share transfer (notarized form).