D&B Report Guide - Estonia

Facts and figures:

Country Estonia
Business Universe 40,000
International Dialling Code 372
Legal Currencies Estonian kroon (EEK)
Population 1,583,000
Capital Tallinn
Language Estonian
Time GMT +2

D&B Business Information Report content:

D&B Rating Yes Credit Appraisal Yes
Public Data Yes Financial Ratios Yes
D&B Payment Score n/a    

Legal forms in Estonia:

Legal Form Legal Form (local)
Physical Person Entr fuusilisest isikust ettevotja
General Partnership taisuhing
Limited Partnership usaldusuhing
Limited Liability Co osauhing
Share Co or Limited aktsiaselts

 

  Name
Address
Principals
Reg Date
Number
Start Date
Capital
(minimum)
Ownership
(minimum number)
Physical Person Entrepreneur Yes Yes None None
General Partnership Yes Yes 2 None
Limited Partnership Yes Yes 2 None
Limited Liability Co Yes Yes 40,000 EEK 1
Share Co or Limited Yes Yes 400,000 EEK  

Physical Person Entrepreneur: will be registered on the basis of his application. The liability for the commercial obligations comprises all his property.

General Partnership: a company where two or more equal partners act under a common business name and are commonly liable for the company's obligations with all their property.

Limited Partnership: Limited Partnership is a company where two or more persons act under common business name and at least one of them (full partner) is responsible for the company's liabilities with all his property and at least one other (limited partner) only with his down payment.

Limited Liability Company: a company with the capital divided into shares and whose shareholders are not liable for the company's obligations. The share capital must be at least 40,000 EEK held by one or several shareholders. From 1 September 1999 the minimum required share capital must be 40,000 EEK. The minimum nominal value of one share must be 10 EEK if higher, it must always be hundred fold. The shares may be of equal or different nominal value and no certificate will be issued for a share.

Share Company or Limited Limited Company: share company is a company with a share capital divided into shares. The shareholder is not personally liable for the company's obligations, whereas the company is liable with all its assets. The minimum required share capital must be 400,000 EEK. From 1 September 1999 the minimum required share capital must be 400,000 EEK. The minimum nominal value of the share is 10 EEK, if higher the value must be ten fold. A share is indivisible, its price of issue may be more than its nominal value but it may not be less.

Legal filing requirements:

All limited companies are required to present their annual reports to the Trade Registry not later than six months after the end of the financial year (this information is available to the public), and to the Tax Authority. All companies are obliged to submit their quarterly profit and loss accounts to the Tax Authority (not public information). Public joint stock companies must register their share capital on the National Stock Exchange and provide the National Stock Exchange with its quarterly balance sheets (public information).

D&B Business Information Report - data sources and data elements:

Here is a breakdown of information available in Estonia and where this information is obtained from.

Trade Registrar's Office:

  • registration data (registration data, date of registration, line of business, registration address, start date, principals, legal form)

Local telephone directory:

  • company name
  • address details
  • telephone/fax numbers

Direct telephone interview:

  • activity/market territory
  • client type & number
  • premises/branches/divisions/employees
  • affiliations
  • principals' antecedents
  • expansion plans
  • balance sheets/profit & loss/projected sales

Business publications and news clippings:

  • news articles concerning the subject company and its shareholders are clipped from the three principal natinal newspapers (daily)
  • public courts/newspapers
  • protested bills
  • bankruptcies
  • legal suits
  • National Taxation Board
  • debts
  • taxation information (date, registration number of turnover tax)
  • Energy Sales Enterprise
  • social fund
  • salary fund, number of employees

      The court system is currently unregulated by laws.

An important change is the establishment of a Trade Registry at local courts (instead of the previous Enterprise/Company's Registry kept by municipalities). All companies had to be re-registered in the Trade Registry by 1 September 1997, when the Enterprise Registry terminated its activity.

Trade Registry will be kept by local city and county courts over those entrepreneurs who have their seat in the corresponding regions. All entries and information in the Registry are publicly available.

All publicly available data is collected and verified from each of the above data sources by our locally positioned D&B Correspondent for each Business Information Report request received.

Speed of service: 4 working days


Should you require any further information or have any questions, please contact your local Customer Service Centre.

Business Information Report enquiries which are placed with D&B's Emerging Markets Centre should always contain the below details. Unfortunately, enquiries without the below information have a much higher chance of being returned as an Unable To Locate Report. This is simply due to the fact that data sources in the Emerging Markets are not as sophisticated as those in Western Europe.

  • Full Company Name
  • Full Head Quarters Address (street, town, country)
  • Telephone Number
  • Fax Number

Any additional information such as a contact name or line of business would also help to locate the subject of your enquiry.

 


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