14. What is the share capital of a ready-made Estonian company and where is it?
How big is the share capital of a ready-made Estonian company?
The minimum share capital of a ready-made company is 2500 EUR. As a rule the share capital has been paid in fully with monetary contribution by our founder company (KRM Holding Plus OÜ) to the start-up bank account of the company before company registration.
Where is the share capital at the moment of transfering the company to a new shareholder?
Usually on the moment of transfering the company to the new shareholder the share capital is in cash position and the bank account is empty.
In this case we agree in the share purchasing contract that the buyer has recieved 2500 EUR from the cash position and we have recieved 2500 EUR from the buyer for the company share. We do not transfer money back and forth but only change papers.
In other words in share sales agreement:
1. The seller KRM Holding Plus OÜ confirms that the purchase price 2500 EUR for the company share is fully paid by the buyer.
2. The buyer confirms that he has received the share capital 2500 EUR, which is in cash position.