Limited liability partnership (OÜ) This corporate form of a legal person is directed for companies that are involved in small or medium businesses.
analogue to the limited liability company;
share capital size – 2500 euros;
the share capital may be not paid out until the first distribution of dividends;
number of shareholders, no more than 10;
at least one shareholder is required;
for registration one natural person is enough (can combine the position of a founder and management board member)
the member of the board may not pay himself a salary, but has authority identical to a director – the right to sign agreements on behalf of the company, manage company business activities and open accounts in bank institutions.
Public limited company (AS) A commercial partnership with a capital divided by shares. In most cases is more suitable for large businesses.
the share capital no less than 25,000 euros(monetary/or property based capital payment forms);
similar to AO or PAO depending on how the articles of association are drawn up;
minimal amount of natural persons to open – 4 people. This includes one founder plus management board member (same person) and three supervisory board member (the minimal amount as stated by law).
Non-profit organisation (MTÜ) Non-profit organisation is opened for activities that are done in public favour or for charity purposes, such as funds, associations or unions.
types of activities of the organisation are limited by the articles of association;
the minimal amount of shareholders – 2 persons;
both natural persons and legal personas can be the founders. MTÜ (non-profit organisation) has no right to pay out dividends;
the organisation type does not include an option of paying out dividends;
all monetary funds are accounted for;
the funds necessary for maintenance of the organisation (salaries, rent, purchase of consumables, equipment, other related costs), are defined by the meeting of the organisation members;