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Estonian Minister of Justice Urmas Reinsalu has forwarded a bill to other ministries for consideration which would allow the managing board of a legal entity to be located abroad, thereby legally allowing for the possibility to run an Estonian-registered company from another country.
The aim of the proposed amendment is to make the management of Estonian nonprofit associations and companies more flexible and enable the utilization of modern IT resources, explained Ministry of Justice spokespeople.
The amendment would allow foreigners who do not reside in Estonia to make use of Estonian e-solutions, establish legal entities, as well as participate in the management bodies of companies registered in Estonia.
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