Amendments to the Money Laundering and Terrorist Financing Prevention Act (MLTFPA) enter into force on March 10, 2020. The changes primarily concern cryptocurrency service providers. The amendments make tougher the requirements for cryptocurrency service providers, they have to bring their activities in line with the new requirements by July 1, 2020; increase the state duty and strengthen the position of the Estonian Financial Intelligence Unit (FIU).
PSD2 Directive. Specific requirements for payment institutions
On September 14, 2019, a new EU Directive entered into force. This is a completely new approach to the regulation of payment institutions in Europe. Read more
In Estonia – the most competitive tax system in the world
According to research conducted by the Tax Foundation (ITCI), in 2018 Estonia has again topped the International Tax Index competitiveness. Read more
Additional requirements for Cyprus resident companies
In November 2018, the Central Bank of Cyprus issued a new guide to shell companies (“mailbox companies”). The new manual contains an updated and expanded definition of this term. Read more
Beneficiaries of the Estonian companies should be included in the Estonian Commercial Register from November 1, 2018
The ultimate owner of an Estonian company is an individual who owns directly or indirectly more than 25% of the Estonian company’s share and is under its control. Read more
Requirements for contact person in Estonia
According to the new amendments in Corporate Law of Estonia, the Contact person shall be appointed if the company established in Estonia does not have any Member of the Management Board residing in Estonia.
New amendments of anti-money laundering law in Estonia
Starting from 27 November 2017 the Money Laundering and Terrorist Financing Prevention Act has been amended by extending the personal responsibility of Estonian companies in case of poor due diligence measures regarding all the Partners and Clients of the company.
Happy Birthday, FM Capital Consulting!
Today our company celebrates its 21st birthday.
New opportunities in e-Estonia: remote opening of a bank account
Minister of Finance of Estonia Sven Sester has signed the decree that will simplify the procedure of opening an account in the local banks.
Updated Estonia tax card 2016
There are not essential amendments for tax legislation of Estonian have done.