As of 1 January 2019, the rules for declaring and fulfilling value added tax (VAT) for telecommunications, broadcasting and electronic services had been simplified and payers were able to use special scheme for imposing VAT (so-called MOSS). This means, that cross-border suppliers of digital services were allowed to comply with the laws of the country […]
It has been almost 1.5 years since the General Data Protection Regulation (hereinafter GDPR) was implemented in the EU. Since then, there have been many improvements made in Estonia related to data processing and protection – from both the private sector and the public sector. As our previous article showcased how to start a company […]
In our previous article „Notable facts about Estonian business environment, you ought to know” we described the advantages of starting and establishing your company in Estonia, then this article will focus on the advantages of the Estonian tax system from the companies point of view. Estonian business environment is supported by a simple, unique and stable […]
Estonia is well known for its business-friendly environment. The attractiveness and advantages of the Estonian business environment are mainly reflected on its economic potential, cost- effectiveness, infrastructure and most importantly on its digital innovation and technology. For example Estonian state provides various e-services which are still unavailable in most countries, including digital identity, X-road, i-voting, […]
The new European Union Copyright Directive (hereinafter also Act) was adopted by the Council of the European Union on the 15th of April 2019. The new Act can be considered one of the major changes the internet domain has seen in the last few years. The last time the entire European Union, big corporations and […]
Risk appetite framework – RAF This article is formed in combination with the Estonian Money Laundering and Terrorist Financing Prevention Act and Estonian Financial Supervision Authority (Finantsinspektsioon) guide: “Organisational solutions and preventive measures for credit and financial institutions to take against money laundering and terrorist financing”, which was implemented on the 3rd of January 2019. […]
Money laundering through the use of online multiplayer game in-game assets E-sports popularity grows each year, with new players and investors focusing on the new market more and more. Game developers release new games and updates as fast as possible and find new ways how to keep their players focused more on their game. This […]
The European Union directive 2015/849 (4th AML Directive) made it mandatory for all legal entities, which are created in accordance with the laws of any European Union Member State, to register their ultimate beneficial owners (also referred to as UBO(s)). In Estonia approximately 215 000 entities were obliged to provide information of UBOs. Many of these […]
This article aims to give a short overview of the terms and state of the money laundering legislation in Estonia and the Estonian Financial Supervisory Agencies actions. The Republic of Estonia joined the European Union in 2004. The process took ten years and involved implementing all necessary regulations the European Union set forth. One of […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Kirke Treial of Law Office Turnstone. Kirke has joined IR as our exclusive Corporate Law Member in Estonia. Law Office Turnstone was founded in January 2017. The lawyers at Law Office Turnstone are experienced, while continuously curious – ready to “turn […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Tambet Mullari of Law Office Turnstone. Tambet has joined IR as our exclusive Corporate Law Member in Estonia. Law Office Turnstone was founded in January 2017. The lawyers at Law Office Turnstone are experienced, while continuously curious – ready to “turn […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Kalev Pihlak of Law Office Turnstone. Kalev has joined IR as our exclusive Corporate Law Member in Estonia. Law Office Turnstone was founded in January 2017. The lawyers at Law Office Turnstone are experienced, while continuously curious – ready to “turn […]