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Virtual Office FAQ
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The number of board members is not limited. Founders can be both natural and legal persons. This can be defined in the memorandum and articles of association. Together with the already predetermined option set based on EMTAK. We will draw up an establishing contract and articles of association. The Estonian Classification of Economic Activities (EMTAK) is the national version of the international harmonized NACE classification. EMTAK has a hierarchical structure, being divided into five levels. The first four levels conform to the NACE structure and the fifth level is the national level, established according to the specifics of the Estonian economy and the relevant legislation. Additional info: However, it should not be the only source of income. The main part or some part must still usually come from subsidies and membership fees.
Formation of a nonprofit association (4)
Registration through a Public Notary in place or with a power of attorney comes at different prices:
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According to the Non-Profit and Foundations Act, there must be at least two founders.
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This can be done additionally.
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Basically, yes, if the activity is related to the goals of the association.
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