11. How many management board members are required for an Estonian company?

The management board may have one member (director) or several members. A member of the management board does not need to be the shareholder.

A member of the management board must be a natural person with active legal capacity.

If the place of residence of at least one-half of the members of the management board is not in Estonia, in another Member State of the European Economic Area or in Switzerland, then the company must appoint a person in Estonia who has the legal right to receive official documents from the authorities. This person will be registered in the Commercial Register. KRM Advisor can act as receiver of official documents.