In Estonia, it is possible to found European companies governed by Council Regulation (EC) No 2157/2001 and the Estonian Implementation Act on the Statute for a European company. In addition, the laws and regulations applicable to public limited companies are applied to European Companies. The rules for the participation of SE employees are stipulated in the Act on Employee Involvement in European Companies.
There are four ways to found an SE:
- merger of existing public limited liability companies;
- forming a European holding company (public or private limited liability companies);
- forming a European subsidiary (companies, firms or other legal bodies);
- conversion (public limited liability companies that have had a subsidiary or a branch in another EU Member State for at least 2 years).
More information on European Companies can be found on the Your Europe portal
An SE is entered in the commercial register pursuant to the provisions of the Commercial Code governing the registration of a public limited company. The share capital of an SE must be at least EUR 120 000. An SE cannot be registered electronically in the e-Business Register; instead, it a visit to a notary public is required. Notaries also provide advice on what documents are required to found and register an SE.
Related articles
Laws
- Council Regulation (EC) No 2157/2001 of 8 October 2001 on the Statute for a European company (SE) Implementation Act
- Community-scale Involvement of Employees Act
- Council Regulation (EC) No 2157/2001