When a founder, board member or shareholder is outside Estonia, the Commercial Register Act requires a contact person and contact details — before any bank sees the file.
The registry rules that apply when an Estonian company's address or owners are abroad.
Non-Estonian individuals and entities can act as founders or board members of an OÜ by supplying their country of personal identification and the required details.
A registered address outside Estonia is accepted in the application if a contact person is designated; the company address is otherwise picked from the official address database.
Founders and board members must sign the application digitally with an Estonian ID-card, Smart-ID or Mobile-ID before submission (electronic route).
Commercial Register Act: a legal person whose address is abroad must designate a contact person in Estonia (the obligation does not apply to a foreign company's Estonian branch).
Commercial Register Act: where a contact person is mandatory because the address is abroad, only a notary, advocate, law-firm owner, sworn auditor, audit firm, non-resident's tax representative or a licensed trust and company service provider may be designated.
Commercial Register Act: the contact person's Estonian address and e-mail, their digitally signed or notarised consent and the term of appointment are filed with the registrar; documents delivered to the contact person count as delivered to the company.
Commercial Register Act: if a legal person that must have a contact person has none, the registrar sets a deadline with a deletion warning and may delete the company from the register once at least three months have passed after that deadline.
Commercial Register Act: board members, OU shareholders and supervisory board chairs who are not in the Estonian population register must give the registrar a contact address and e-mail address and report changes.
Establishment of a private limited company — RIK (Abiinfo)
Commercial Register Act, English translation — Riigi Teataja
Fact sheet last reviewed 2026-09-28. Jurisdiction rules are confirmed against the sources above; a provider's own requirements differ and are confirmed by the provider.
Tell us about your structure, activity and payment needs — the essentials, not a full application.
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We identify a suitable regulated provider and explain what is realistically available for your case.
You complete official KYC/KYB directly with the regulated financial provider — not with Latynex.
The provider makes the final decision and activates the account. We stay involved if anything needs coordinating.
Latynex is not a bank or electronic money institution. Financial accounts and payment services are provided by independent, regulated financial institutions. Final eligibility and approval are determined by the selected provider, following its own KYC/KYB review.
Commercial Register Act: where a contact person is mandatory because the address is abroad, only a notary, advocate, law-firm owner, sworn auditor, audit firm, non-resident's tax representative or a licensed trust and company service provider may be designated.
Commercial Register Act: if a legal person that must have a contact person has none, the registrar sets a deadline with a deletion warning and may delete the company from the register once at least three months have passed after that deadline.
No. Latynex is not a bank, EMI or payment institution. We review your case and, where suitable, introduce it to an independent, regulated financial provider who handles the account itself.
No. No introducer can guarantee a banking or payment-account decision. The provider you are introduced to runs its own KYC/KYB review and makes the final call under its own policies.
Typically: certificate of incorporation, register of directors and shareholders, proof of UBO identity and address, a description of business activity, and evidence of source of funds. Exact requirements vary by provider.
Setup and ongoing fees vary with jurisdiction, ownership structure, business activity, expected turnover and compliance profile. The provider discloses its fees before you proceed, and any Latynex advisory fee is disclosed separately.
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