As from 15 January 2018, an amendment to the Commercial Code came into force requiring all Estonian companies whose management board is located abroad – i.e. the management board is engaged in the everyday management of the company from outside Estonia – to appoint a contact person in Estonia.
According to the new rules 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 and a trust and company service provider specified in § 8 of the Money Laundering and Terrorist Financing Prevention Act may be designated a contact person. As an exception, a member of the management board or a body substituting therefor, the partner, shareholder or procurator of a company may be appointed a contact person if their residence is in Estonia.
Failure to designate a contact person may result in the registrar deciding on the compulsory dissolution of the company or deletion of the branch of a foreign company – but only if the company or branch fails to designate a contact person even after receiving a ruling from the registrar.
Being a law firm LegisPro OÜ provides contact person service in conformity with the Commercial Code, to Estonian companies whose management board is located in a foreign country.
If you have an interest in the contact person service are kindly asked to contact us by email info@legispro.eu.