Technically, in Estonia, a company shareholder can be a legal entity. However, please note that Xolo generally supports only structures where a private individual is the shareholder of an Estonian company.
As an exception, a legal entity may act as a shareholder of your Leap company only if all of the following conditions are met:
- The shareholder company is registered in Estonia
- Both the shareholder company and the company in which it holds shares are Xolo’s customers
- There is no obligation to consolidate financial reports
- No loans are granted between the two companies
This setup is supported only under our Premium pricing plan.
If your company has additional shareholders, please note the following:
- Any shareholder who owns 50% or more of the company must complete identity verification or authenticate using an Estonian e-Residency card.
- At least one individual must be both a board member and shareholder with a valid Estonian e-residency card. Please note that if any of the shareholders or board members do not have Estonian e-residency, Xolo may be unable to assist with any necessary company data changes in the business registry, as, in general, all parties must be able to sign documents and/or submit applications using their eID card.
- Please note that shareholders do not automatically get access to Xolo’s system. However, access is granted to board members.
- Currently, we do not support customer or business connections to the countries or territories listed here.
If all requirements are met
To execute the process, we can refer you to our trusted partner who specializes in legal consultation. If you'd like to proceed, please confirm your consent for us to share your company’s contact details with them.
If you'd like to use a notary instead, you can find the list of notaries here.
If any requirements are not met
If any of the above conditions are not fulfilled, Xolo will not be able to support this shareholder structure, and you would need to find an alternative service provider.
In that case, we can recommend our trusted accounting partner, who specializes in assisting companies with more complex ownership structures and operational needs.
If you are interested, please confirm your consent for us to share your company’s contact details with them. This will allow them to reach out to you directly with their offer.