[vc_row][vc_column][vc_column_text]Non-reciprocable token (NFT, non-fungible token) is a type of cryptographic token, each specimen of which is unique and cannot be replaced by another analogous token without changing the value and substance of the object.
Non-reciprocable token is a certificate of uniqueness of a digital object – a digital cryptographic certificate that confirms ownership of a digital asset. The NFT does not prevent copying of a digital artifact, but only secures ownership of the original copy of a digital asset. NFT tokens are used on open platforms to confirm ownership of digital assets. NFT tokens are most commonly used as examples of computer art, collectible digital objects, and characters in online games. Fully digital art was one of the first uses of unique tokens, as they provide evidence of the authenticity and possession of a digital object.
Like cryptocurrency, NFT is created using a blockchain that acts as a database to record all transactions. Blockchain guarantees authenticity of non-reciprocable tokens. With this system, any user can verify the original and history of each particular NFT. By buying a NFT token, the user buys a certificate on the product. The product itself is not moved anywhere. It is on the Perpetual Repository (IPFS). This certificate is essentially a line of code that confirms that it is the owner of the token who owns the original copy of the object. The NFT token is compared to a painting that may belong to a gallery, a museum or a private individual, but the audience can see it in a catalogue or exhibition.
The NFT market grows and develops every year, and captures millions of investors, collectors, gamers, and all those who are interested in obtaining unique objects in digital form around the world. In 2021, the NFT market showed an increase of 2,500% compared to 2020. The main beneficiaries of the NFT market were websites (NFT marketplaces), which provide the opportunity for the simplest purchase and sale of NFT.
NFT marketplace operating principle
Unlike cryptocurrency (BTC, Ethereum, etc.) it is not possible to trade non-reciprocable tokens directly on ordinary cryptocurrency exchanges. You can buy and sell NFT on special trading platforms that allow to release, store and trade non-reciprocable tokens. Major marketplaces such as:[/vc_column_text][/vc_column][/vc_row][vc_row el_class=”logo”][vc_column width=”1/4″][us_image image=”7028″ align=”center” link=”url:https%3A%2F%2Fopensea.io%2F|target:_blank” css=”%7B%22default%22%3A%7B%22margin-top%22%3A%2237px%22%7D%7D” onclick=”custom_link”][/vc_column][vc_column width=”1/4″][us_image image=”7029″ align=”center” link=”url:https%3A%2F%2Frarible.com%2F|target:_blank” onclick=”custom_link”][/vc_column][vc_column width=”1/4″][us_image image=”7030″ align=”center” link=”url:https%3A%2F%2Fsuperfarm.com%2F|target:_blank” css=”%7B%22default%22%3A%7B%22margin-top%22%3A%2235px%22%7D%7D” onclick=”custom_link”][/vc_column][vc_column width=”1/4″][us_image image=”7031″ align=”center” link=”url:https%3A%2F%2Fmintable.app%2F|target:_blank” onclick=”custom_link”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]These sites generate NFT with special smart contracts that add a unique set of information (metadata) and specify its main parameters (name, permanence, inseparability, address/number, etc.) to each token. After that, you can buy and sell non-replaceable tokens on the site at a fixed price or through auctions.
NFT niches and applications
Most FFTs are used to commercialize digital art from digital copies of real pictures to memes. For example, on the OpenSea marketplace you can buy, sell and transmit images, videos, gifs and music. This platform runs on Ethereum and releases NFT using the ERC721 and ERC1155 protocols. Visual art is not the only field of application of non-retestable tokens. They can also be used for trading collectible cards (NBA Top Shot), game characters (CryptoKitties), real estate (Mintable), virtual worlds (Metaverses), and any other sphere where you can token ownership of something.
Standards for non-reciprocable tokens
To run a NFT on a blockchain basis, it is necessary to use certain token standards that guarantee that the asset will act in a certain way and demonstrate, how to interact with the main functions of the asset. Currently, the most popular standards for running NFT are:
ERC721. Used to uniquely identify someone or something based on Ethereum. It supports smart contracts and offers an authorized transfer method using transferFrom.
ERC1155. By standard, identifiers represent not just one unique asset, but an asset class. This is much more effective than the ERC721 standard.
BEP. The largest cryptocurrency exchange, Binance, launched a new BSC blockchain with support for smart contracts and compatibility with the Ethereum Virtual Machine (EVM). And it has the analogues ERC721 and ERC1155 for NFT – BEP-721 and BEP-1155, respectively.
In which country to launch NFT project?
If you want to start a project using NFT, Estonia is the most appropriate jurisdiction. In Estonia, the issue of NFT tokens is not regulated by law – there are no restrictions provided by law for the creation and further sale of NFT. Income earned in virtual currency is taxed in the same way as income earned in regular currency.
LKS Consult OĂś specialists will be glad to help you with the launch of the project using NFT and will advise you on company formation in Estonia.[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]EORI is a unique number required for companies engaged in international trade in the European Union. Since July 1, 2009, an EORI number is mandatory for companies involved in international trade in case of import, transit, export or other customs procedures in order to identify the company throughout the European Union.
The EORI number is mandatory for economic operators engaged in the importation, transit, exportation or other customs operations.
A duly authorised management Board member or an accountant of the company can apply for an EORI number.
The EORI number is issued by the customs agencies of the member state in which it is established. Entrepreneurs established outside the customs territory of the union must be registered at the customs offices of the member state of the union, where they carry out or plan to carry out their very first customs operation. In Estonia, the EORI number is issued by the Tax and Customs Department.
One person can only have one (valid) EORI number and this unique number should be used for all Customs operations in the European Union and for any Customs-related activity.
A subsidiary must use the parent company’s EORI number.
Application
The legal representative of the legal entity may apply for the EORI number by submitting an electronic application in the e-MTA, choosing «Customs» > «Rights and obligations» > «Business registration and identification number (EORI)».
To file a petition, a representative of a legal entity must have an appropriate right of access in e-MTA. Entrepreneurs who are engaged in foreign trade and for whom the number(s) of the person liable for sales tax has been issued by other Member States of the European Union are required to indicate them in their application to EORI.
When personal and/or contact data are changed in the business register, the population register and, in the case of a non-resident, the tax liability register, the data in the EORI system are not updated automatically. The representative of the legal entity must himself update the data in the EORI system via e-MTA.
Application from abroad
To get the EORI number, you can file a request at the Tax and Customs Department’s location or electronically at the e-MTA. One person can only have one (valid) EORI number and this unique number should be used for all Customs operations in the European Union and for any Customs-related activity. To file a petition, a representative of a legal entity must have an appropriate right of access in e-MTA.
The legal representative of the legal entity may apply for the EORI number by submitting an electronic application in the e-MTA, choosing «Customs» > «Rights and obligations» > «Business registration and identification number (EORI)».
Entrepreneurs who are engaged in foreign trade and for whom the number(s) of the person liable for sales tax has been issued by other Member States of the European Union are required to indicate them in their application to EORI. When personal and/or contact data are changed in the business register, the population register and, in the case of a non-resident, the tax liability register, the data in the EORI system are not updated automatically. The representative of the legal entity must himself update the data in the EORI system via e-MTA.
[vc_row][vc_column][vc_column_text]Things do not always go according to the plan, and it’s completely OK. If a business doesn’t meet the hopes and expectations, or the circumstances demand the same, it is essential to initiate your company dissolution.
According to the Estonian legislation, an Estonian company’s activity cannot be suspended or paused — the company can either be active, in a state of liquidation or permanently liquidated. That’s why we strongly advise not to leave a company on its own when plans didn’t work out. It is important to act responsibly with a legal provider’s help to wrap this up and focus on new beginnings.
The most traditional way to liquidate a company in Estonia is a voluntary dissolution. Another potential option is to transfer a company to a new owner, simply put, to sell.
Voluntary dissolution
A full or limited partnership is terminated by a decision of the shareholders, upon expiry of the term or achievement of the objective, or is terminated by a court order.
In general, the termination of full and limited partnerships consists of three important phases:
Decision on termination and application for termination
Liquidation
Removal of the enterprise from the Business Register
The termination of a full or limited partnership shall be based on a shareholder’s decision for which more than 3/4 votes of the shareholders have been given, unless a higher majority is required by the association’s agreement. To close the company, submit a joint application to the Business Register with the minutes of the meeting of the members.
The decision to terminate a full or limited partnership and to apply to the Business Register is followed by liquidation, during which it is important for you to observe the established procedure.
Liquidation stages
Liquidators are appointed and entered into the Business Register. Liquidators are generally shareholders. A third person may be appointed as liquidator by agreement of the shareholders. At the shareholder’s request, the court may, for good reason, appoint a person who is not a shareholder as liquidator.
Approval of the opening balance of liquidation and the accounting for the business year by the shareholders. The opening balance of liquidation and the report for the business year shall be submitted immediately after approval to the Business Register.
Termination of the association, recovery of debts, sale of the association’s property and satisfaction of creditors’ claims.
Compilation of the final balance sheet of the liquidating enterprise and division of property, in exceptional situations also preparation of the report for the business year. The residual assets of the liquidators shall be distributed to the shareholders in accordance with the contributions of the shareholders, unless otherwise provided in the association’s contract.
After a proper liquidation of a full or limited partnership, you will be required to submit to the Business Register a declaration on the removal of the business from the Business Register.
By the time the total and limited partnership is liquidated, there are no strict restrictions, and it depends primarily on the characteristics of the enterprise and on the coherence of the cooperation between the different actors involved in the liquidation.
The completed activities of the association may also be continued, or the enterprise may be merged, divided or reorganized. Liquidators must submit to the Business Register a declaration of continuation of the business for this purpose.
Selling a company
The first thing to do when planning to sell a company is to find a potential buyer. When the buyer is found, you need to visit the notary and submit all required documents. Beforehand make sure that:
Annual reports are prepared
Accounting is in order
Corporate taxes are paid
Finding a buyer and managing legal procedures is rather complicated. It is very common and smart for entrepreneurs to use the services of legal providers.
Re-registration of a company occurs in two ways – by power of attorney or by a personal visit of all company representatives to Estonia. By law, the procedure for re-registering a company should take up to 5 business days after visiting a notary.
We are here to close this case for you. The specialists of LKS Consult OÜ have a vast positive experience in both company liquidation by voluntary dissolution and transferring. We offer full support on all stages of developing your business, and offer a variety of services, including accounting services in Estonia.
We will help you complete a company termination procedure as soon as possible in full compliance with the law and fully remotely. More about the services and cost, please find here.[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]Starting a business is a responsible action; it also demands a professional approach. We believe the process of company formation not to be critical. However, it’s all about finding the right direction. Every successful business begins with accurate decisions and thrives in a beneficial business environment. And in this way, Estonia is one of the most favourable places for starting a company, offering nearly unlimited commercial opportunities for doing business.
There should be no doubt about the advantage of having business in Estonia — advanced fintech and a business-friendly economy provide many opportunities.
Advantages of having a company in Estonia:
0% company income tax (tax on retained earnings).
Founders and Board members may be non-residents of Estonia (there is no need to have a local Director).
Possibility of fully remote management of the company if the owner has an e-Resident card.
In doing business in Estonia, a Board member has the right to apply for a residence permit for up to 5 years.
Possibility to purchase transport and real estate in the ownership of an Estonian company without taxes.
Estonia has entered into the Convention for the Avoidance of Double Taxation with 59 countries.
Estonia has a transparent and straightforward tax system without progressive taxes
There are several ways of establishing a company in Estonia — with an e-Resident card, by visit, by power of the attorney. Each way differs from another and involves slightly different legal procedures. You can familiarise yourself with each option here. LKS Consult OÜ will help you set up a startup in Estonia and manage your business wherever you are using any way of business formation.
Purchasing an existing business, however, is a slightly different process. Obtaining such companies is a fast way to become a part of the Estonian business market.
An existing business is a pre-owned business that is put up for sale by its owners or state agents. Such companies have and come with commercial areas or/and rental agreements and all their possessions.
When buying an existing company, the owner gets an instant business tool. The turnkey company is already registered and is now available for purchase by the new owner. A ready-made/shelf company already has a registration number and, therefore, on its behalf, you can start a business immediately.
Before purchasing a ready-made/shelf company, the potential buyer will be provided with all relevant documents confirming the company’s history and that the current company has no debts or financial obligations.
Main advantages of business takeover:
Quick process
Low set-up cost
No hassle
Reputation
Trustworthiness
Good for foreigners (not so well familiar with local legislation)
Ability to adjust
Once all the initiation procedures are undergone and have your registered company, there are still many aspects to work on. Having a business means its constant development. Apart from ‘artistic’ parts such as gaining and maintaining reputation, PR, establishing connections, branding and looking for talents — business involves endless legal aspects.
LKS Consult OÜ offers business takeover service — professionals of our company will assist you in finding the right business and accompanying the whole administration process. We note that professional legal help enables us to carry out the process entirely online. In order to obtain a business, you need to register a company in Estonia, and we are happy to help. Moreover, opening a business in Estonia enables a business person to obtain a residence permit.
Once purchased and all formalities are undergone, the business is subject to change of a new owner’s choice — that is what makes this way of investing stand out among other methods. You can get a business you want in the shortest possible time online and feel like a rightful owner.[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]The Tallinn City Assembly, at a meeting on 6 May, agreed to participate in the project “Support for the activities of the European Space Agency Business Incubator for the period 2022-2025″, confirming funding for these activities for the next four years up to EUR 50,000 annually.
“There are several significant aspects to this draft. First, space exploration and the application of space technology do not mean just space flight. In the study and use of near space, most of the work is done on the ground. The same is true of this project. Second, it is important that the Tallinn Center for Strategic Management will have an excellent experience of collaboration on innovation promotion with science parks and institutions in Tartu and Tallinn, universities and KredEx Foundation. But most importantly, such projects stimulate investment in high technologies and inspire young people with interest and inspiration to study natural and technological sciences,” added Collist.
The objective of the project is to receive, within the next four-year treaty period, eight startups dealing with space data and technology at the European Space Agency’s Estonian Business Incubator in Tallinn. The project will be managed by the Tallinn Center for Strategic Management, and the Tallinn Center for Strategies, while the City’s Deputy Mayor for Entrepreneurship and Innovation and the City Chancellor are authorized to negotiate and sign the project contracts and other necessary documents on behalf of the city.
LKS Consult OÜ  is a team of specialists who will help you in a company formation and developing your business in Estonia. We will gladly provide you an overview of the business environment of Estonia in the shortest possible time. Please send your enquiry.
[vc_row][vc_column][vc_column_text el_class=”padding”]The e-Notary system is an environment that helps notaries in their everyday work and allows electronic communication between notaries and the state. The setting is established with notaries in mind, and it will enable them to do everything they need in their work; the system also allows making queries to 16 different registries. E-residents can use their Digi-IDs to perform an array of business services for their companies online from anywhere in the world. However, up until now, there were still some activities, which required e-residents to travel to Estonia and utilise the services of a notary registered there.
The e-Notary system could be used both by residents and e-Residency holders.
The e-Notary makes it possible to conveniently:
Keep a daily schedule of notarising activities and a personal calendar for users
Make reliable queries to state registries
Prepare agreements and digitally sign them
Register official activities (official acts and services)
Record deposits
Issue apostilles
Prepare invoices and state fee payment orders
Forward records to state registries
Purposes:
To be the means which allows making necessary actions in the notary’s office
To create a registry of notarised acts in a unified, high-security environment
To minimise duplicated entry of data, paperwork and printing for both notaries and registrars
To contribute to the development and enhancement of other systems
To make it simple for clients to deal with notaries – unlike before, the client doesn’t have to present a large number of paper documents to the notary anymore
Via the e-Notary system, the notaries themselves can also review the necessary data
How to use:
Log into the e-notary self-service portal at www.notar.ee using an ID card or an e-Residency digital-ID.
In the self-service portal, navigate to the verification page and choose a notary from the list of registered Estonian notaries, and select your desired time for an appointment.
Next, it is required to log in with Digi-ID and confirm that you are ready for the digital verification. It also notifies the notary in Estonia to initiate the verification process using the Veriff biometric facial recognition system.
Follow the instructions of Veriff.
Once you have been successfully identified, the notary will initiate a remote transaction by video link.
The notary will introduce the agreement and share it for review with all the parties.
Once approved, the notary will make it available for signing in the self-service portal.
Once all parties have digitally signed the contract, the notary closes the remote transaction and adds the notarial document to the portal.
You can access the transaction and any related invoice at any time afterwards.
LKS Consult OĂś  is a team of specialists who will help you in a company formation and developing your business in Estonia. We will gladly provide you an overview of the business environment of Estonia in the shortest possible time. Please send your enquiry.[/vc_column_text][us_btn label=”Contact us” link=”url:https%3A%2F%2Fwww.estonia-company.ee%2Fcontacts%2F” align=”center” css=”%7B%22default%22%3A%7B%22margin-top%22%3A%2220px%22%7D%7D”][/vc_column][/vc_row]
An investment fund (AIF) is a specially constituted entity whose assets can be invested in accordance with a predetermined investment policy. The purpose of an investment fund is to generate profits from the investment of its assets.
AIF is the most convenient structure for collective investment. Investors’ assets are attracted to their further use and placement in their interests following a predetermined investment policy under the company’s guidance that managed the fund.
An Alternative Investment Fund is the best solution for making collective venture capital investments and organizing investor funds in stocks, bonds, commodity indices, derivatives, currencies, cryptocurrencies, real estate, and other financial assets.[/vc_column_text][/vc_column][/vc_row][vc_row height=”auto” css=”%7B%22default%22%3A%7B%22padding-bottom%22%3A%2240px%22%7D%7D” bg_type=”bg_color” bg_override=”full”][vc_column][vc_column_text el_class=”padding”]
Requirements
An investment fund in Estonia requires two structural units — the fund itself as a holder of property assets and the fund manager — the legal entity that manages one or more funds.
Fund manager
The fund manager manages the assets of a fund company or a contractual fund. It is important to note that one management company can manage several funds.
It is required to obtain a license to operate as a fund manager in a management company. Fund managers who want to manage euro funds and large-scale alternative investment funds also need to obtain a license.
In a small fund, a fund manager should apply for an operating licence as a small fund manager or register its activities with the Estonian Financial Supervision Authority (EFSA). This kind of manager can only manage non-public investment funds, meaning their business is primarily aimed at professional investors.
If a small unlicensed fund management company does not wish to apply for a licence as a small fund manager, they have to register their activities with EFSA. EFSA’s supervision over registered unlicensed small fund managers is limited to the registration and later data collection.
The decision by EFSA is usually made within two months of documents submission.[/vc_column_text][/vc_column][/vc_row][vc_row height=”auto” css=”%7B%22default%22%3A%7B%22padding-bottom%22%3A%2240px%22%7D%7D”][vc_column][vc_column_text el_class=”padding”]
Fund types
There are several types of funds. The type of investment fund chosen depends on the activity, the target investors and the amount of capital raised/assets managed:
A joint-stock fund (aktsiaseltsfond) — a fund established as a joint-stock company, its property cannot be divided into structural elements (sub-funds)
participation in the fund in the form of ownership of shares
can be closed and open
limited scope for stock types and securities (no predominant shares, no debt receipts)
upon establishment — the management and deposit contract is signed. The charter is agreed with FIE
includes shareholders, board members and the council.
Contract fund (lepinguline fond) is a legal entity, the holder of property assets, which is formed from payments received by the sale of shares or other property or funds/property from investments and which belongs to the holder of the shares. The assets of the fund can be divided into structural elements, each of them must have a different investment policy (relevant if the fund consists of different types of property – real estate, securities, other assets).
An investment prospectus is obligatory
the fund cannot be reorganized into another fund
the shareholder can always demand the redemption fund
shares may contain different specific conditions (e.g. right of exchange, terms of ransom, voting rights, etc.)
upon establishment – the fund manager and the depository shall be specified. The charter shall be agreed with FIE
ruled by the meeting of the owners.
The limited partnership fund (usaldusfond) can manage its property or enter into a management agreement with the fund manager. Only a fund manager who is licensed to operate under the Investment funds act can act as a limited manager of a limited partnership fund or a general partner of a limited partnership fund that manages its assets.
The share in such a fund is freely alienated unless the agreement states otherwise. Equity holders should contribute to the fund.
The Estonian Real Estate Area provides fund managers with the possibility to organize the collection of investments and further management of collective assets within the framework of the simplified regulation of the manager of small alternative funds (small alternative fund manager). This regime makes it easy to create an investment fund in Estonia and allows partners to form flexible relations between themselves within the framework of the limited Partnership Agreement «LPA». The small alternative fund manager has the right to control several funds. Still, the total assets of the managed funds may not exceed €100 million, or in the case of investments of long duration (from 5 years or more) and no financial gain is used (credit arm), the total assets of the funds can reach 500 million euros.[/vc_column_text][/vc_column][/vc_row][vc_row height=”auto” css=”%7B%22default%22%3A%7B%22padding-bottom%22%3A%2240px%22%7D%7D” bg_type=”bg_color” bg_override=”full”][vc_column][vc_column_text el_class=”padding”]
Registration process
As we already mentioned, cryptocurrency fund registration is not a difficult process. It consists of the following steps:
Registration of the alternative fund management company, the fund manager (AIFM). You can easily do it using your e-Resident card, or by the power of attorneys, or by a visit to Estonia
Registration of the fund’s management company with the Estonian Financial Supervisory Authority (EFSA)
AML license from the Financial Intelligence Unit (FIU), which usually takes up to 60 days
Registration of the fund. Once you succeeded with the first step, this process takes up to 5 days.
LKS Consult OĂś assists in registering alternative investment funds in Estonia. We accompany and assist our clients in managing investment and financial structures from idea discussion until the project’s launch. Any collaboration usually starts with a consultation to discuss main principles and decide on the future company’s structure. During the next stage, we prepare a legal opinion on the subject of the fund’s activity and make a circulation map for registration. Preparations usually take up to 3 months. We also provide accounting services in Estonia.[/vc_column_text][/vc_column][/vc_row]
Estonia is a small country in Northern Europe that has built a digital society over a couple of decades. So far, the country with a population of less than 2 million is leading in the IT sector and is referred to as a 99% digitalized European country. Hence, unlimited tech opportunities have contributed to the fact that Estonia has drawn more and more attention as a prominent European entrepreneurial hub over the years.
or RIK (Estonian) is a government portal ruled by the Ministry of Justice. The main objective of RIK is to provide innovative services for public administration and law enforcement.
RIK develops and manages various registers and information systems. These include the Business Register, the e-notary, the Land Registry and information systems from other areas (court information system, e-files, etc.). About 50 registers are under the control of RIK. The Estonian Business Register has been in operation since 1 September 1995. The Estonian Business Register Internet portal is considered unique in Europe due to establishing a company quickly and conveniently. It is possible, for example, to register a limited liability company in a few hours using an ID card and even without leaving the house. In addition, the company portal allows not only searching companies but also modifying registration data and submitting annual reports electronically.
It contains legal and statistical data about all Estonian companies, non-profit associations, foundations, state and local governmental agencies and self-employed persons. The data of registry cards, the information about tax arrears and the simple data is available at no charge.
Possibilities:
Reviewing of a company’s B-card data, general data and tax arrears data
Making queries
Real-time monitoring of data and records
Confirming and verifying Estonian businesspeople’ business identities
Viewing annual reports, statutes, personal and commercial pledge data, etc.
New service available now.
Contractual customers can visualize all data of the e-Business Register. The visualization shows the relations between legal persons as an image.
The portal allows entrepreneurs to contact the registry offices of ships and helps the central Business Register carry out its functions. Using this portal, entrepreneurs can apply for membership, a list of board members with information about them and relevant changes, contact information, relevant changes and annual reports.
Every citizen can log into the Company Registration Portal and use the portal. Estonian residents can connect to the portal using an ID card, a mobile ID or an Internet bank. People in Portugal, Finland and Belgium can connect to the portal using an ID card, and Lithuanians can connect to the portal using a mobile ID.
Possibilities:
Registering a new company
Changing the data of a company
Notifying about the field of activities of a company
It is an online service linking 24 national business registers of Europe. The information system provides services in English, thus being accessible to the majority of interested persons. The service offers the possibility of searching companies, information about companies and their profiles.
Moreover, some countries provide additional information on companies, such as annual reports, company charters, balance sheets, income and expenditure reports, extracts from the Trade Register and annual income information. In order to benefit from this service, it is necessary to conclude a contract with the service provider in the country concerned.
Please don’t wait and join thousands of entrepreneurs basing their businesses in a small North European country. LKS Consult OÜ will be glad to assist you in registering and developing your company.[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]On Thursday, the Estonian fintech company Wise (formerly TransferWise) announced entering the London Stock Exchange through the direct listing (DPO).
A highly capitalized company does not intend to raise additional funds on the stock exchange, so a direct listing is planned. “Unlike traditional IPO, a direct listing is a fairer, cheaper, and more transparent way to expand our ownership,” explained Wise.
Direct listing means you can trade existing stocks. The retail remittance platform, established in 2011, has evolved into a global payment network offering international banking services to more than 10 million private and business clients.
[vc_row][vc_column][vc_column_text]In the second quarter of this year, eBay upgraded its online trading platform and expanded the direct payment management process.
According to the company, since May changes will offer sellers a simplified way of doing business and buyers more flexibility and choice of different payment methods. In managing payments, eBay offers several new ways, including a credit card and PayPal. Apple Pay can be used as a payment method in the iPhone and iPad applications. Google Pay is available on the eBay website and the eBay application for Android.
Our specialists can help with the opening of the company for e-commerce and offer 4 options for the establishment of the company in Estonia.[/vc_column_text][/vc_column][/vc_row]
Non-reciprocable token (NFT, non-fungible token) is a type of cryptographic token, each specimen of which is unique and cannot be replaced by another analogous token without changing the value and substance of the object.
EORI is a unique number required for companies engaged in international trade in the European Union. Since July 1, 2009, an EORI number is mandatory for companies involved in international trade in case of import, transit, export or other customs procedures in order to identify the company throughout the European Union.
Things do not always go according to the plan, and it’s completely OK. If a business doesn’t meet the hopes and expectations, or the circumstances demand the same, it is essential to initiate your company dissolution.
Starting a business is a responsible action; it also demands a professional approach. We believe the process of company formation not to be critical. However, it’s all about finding the right direction. Every successful business begins with accurate decisions and thrives in a beneficial business environment. And in this way, Estonia is one of the most favourable places for starting a company, offering nearly unlimited commercial opportunities for doing business.
or RIK (Estonian) is a government portal ruled by the Ministry of Justice. The main objective of RIK is to provide innovative services for public administration and law enforcement.
On Thursday, the Estonian fintech company Wise (formerly TransferWise) announced entering the London Stock Exchange through the direct listing (DPO).
In the second quarter of this year, eBay upgraded its online trading platform and expanded the direct payment management process.