The problem that has arisen in practice, where Estonian companies are unable to open a bank account, will receive a solution no later than the 1st of January 2019, when Estonian companies will have the option to open an account in a foreign credit or payment institution. Read more
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According to the current law, it is not allowed to manage Estonian companies from abroad. However, such a possibility is provided for starting next year, but in that case a contact person located in Estonia has to be appointed to receive documents. Read more
Amending the renewable energy support scheme has caused much ruckus and opinion differences in Estonia. Government’s plans to retroactively amend the support scheme while not respecting previous agreements would command attention in any case. Currently however amendments to the support scheme are halted, waiting for European Commission’s opinion. Read more
The full opening of the Estonian electricity market on January 1, 2013 will bring about the establishment of competition, mainly between producers and sellers of electricity. Network operators on the other hand will remain natural monopolies also in the open electricity market, meaning that consumers will not be able to choose their network operator. This Read more
As of January 1st, 2013 the Estonian electricity market will be fully open. While the market opening will cause most of the electricity contracts of the consumers to legally terminate transition mechanisms are in place to ensure that households and smaller business consumers will not be left without electricity. Read more