Via at least €10 000 share capital.
Since 1 August 2020 Estonian authorities have made it possible to transfer shares online and add new shareholders to the list without a notary agreement. To do this, a company must have a fully paid share capital of at least €10 000. Distribution of the shares and the changes in ownership are made at the responsibility of the parties involved. Note that this option might require some changes in the company's articles of association that must be done only by the full consent of all shareholders.
The manager of the Startup Estonia program, Maarika Truu described
these changes as important and long-awaited that will significantly reduce bureaucracy in attracting foreign investments. Actually, this option is highly beneficial for Estonian scaleups that are looking for investment — it significantly simplifies the process of adding new shareholders (that may be investors as well). Notarial agreement using power of attorney.
This is the old-school way for transferring shares but it's working! To make this happen, founders and new shareholders should take a few steps. And here is where we can help you!
You and your partners should prepare the powers of attorney, you all should notarize, apostille, and send them to us. Note that these operations can be done from your and partners' home countries, which highly simplifies the process. After that our specialist will go to the notary here in Estonia and sign the share transfer agreement on your behalf. It's quite hassling and not as digital as other options but this one lets you avoid visiting Estonia to save your time and money.