What are the limitations for paying the share capital in Estonian companies established before Feb 1st, 2023?
For companies established before Feb 1st, 2023, the limitations regarding share capital payment (€2,500) are:
- The company cannot pay dividends to the founders.
- The company cannot increase or decrease the share capital.
- The payment of the share capital must come from the company founder and cannot be taken from company revenues or settled with out-of-pocket expenses.
- Until the founder has paid for the share capital in full, he/she is liable to the company for its obligations.