Estonia OÜ

"OÜ" is a legal entity form in Estonia, the full name is Osaühing, which means "limited liability company". It is a form of merged ownership company, and the shareholders' liability is limited to their capital contribution, with the characteristic of limited liability. OÜ does not need to participate in the market publicly. It needs at least one shareholder and a management board of at least one member, a natural person. In addition, OÜ also does not need to appoint a legal representative or local person as a director, and does not require a company secretary. Since 1 February 2023 there is no company-level minimum share capital; each share is at least EUR 0.01. The founders pay for the shares in full before the company is registered. For a monetary contribution up to EUR 50,000 the management board confirms the payment in the application, and no bank or authority checks it; over EUR 50,000 the application needs a bank notice on the payment.