What are the criteria for a company to be classified as a micro undertaking in Estonia?
To be classified as a micro undertaking in Estonia, a private limited company must meet the following conditions on the balance sheet date of an accounting year:
- Total assets up to 175,000 euros
- Liabilities not exceeding the owners' equity
- One shareholder who is also the member of the management board
- Sales revenue during an accounting year is up to 50,000 euros