Others

How to set up an OÜ Company in Estonia

2020-03-20

The OÜ company in Estonia is a legal structure that allows owners to separate personal assets from business risks. In other words, the shareholders are not individually accountable for the company’s obligations. An OÜ company can be established by anyone, both Estonian resident and non-Estonian resident. The biggest advantage of running company in Estonia is no corporate income tax on retained and reinvested profits. It is also worth noting that companies registered in Estonia are considered transparent and trustworthy by the Estonian authorities.

Shareholders and board members of OÜ company
There are currently no restrictions on the number of shareholders in OÜ, although at least one founder is required to establish a company. The stakeholders of a company may include people from outside Estonia.

Thompson&Stein

New Partner Announcement

2020-02-03

We are pleased to announce Krzysztof Sosnowski as its newest partner of Thompson&Stein international law firm, effective February 1, 2020. As a partner, Mr. Sosnowski will support the further development of our law firm in the areas of Tax Advisory and Accounting.

Mr Sosnowski joined Thompson&Stein in 2016. He specializes in legal and accounting consultancy for entrepreneurs. Mr Sosnowski has extensive experience in conducting international projects. He is responsible, among others for coordinating the service of construction entities implementing the Balticonnector project in Estonia.

Krzysztof Sosnowski is also a member of the management board of Thompson&Stein Accounting, which provides accounting services to business entities in Estonia.

Artur Kuczmowski, Senior Partner of Thompson&Stein, states: “Krzysztof’s broad competences, and above all the successes of his team, were crucial when nominating him for the position of Partner. I believe that his commitment, experience in working with the team and knowledge will help in the development of our services.”

Thompson&Stein

Business Delegation to Tallinn

2019-12-18

We would like to have impact on strengthening economic cooperation between Poland and Estonia. We strongly believe in building relationship that can support developing business potential. That is why our law firm organized a Business Delegation to Tallinn in December. All this to give Polish entrepreneurs opportunity to establish cooperation with Estonian companies.

We organized a big conference ‘Estonia as the Gateway to the Scandinavian Market’ in May with the success. It was the first step to show business opportunities in Estonia to Polish entrepreneurs. Our next goal was to organize Business Delegation to Tallinn. We gladly announce that we achieved our aim. We organized Polish Business Delegation to Tallinn in December 2019 with Representatives of seven companies from different sectors e.g. IT, logistics and start-ups.

Our delegation took part in the Business Seminar organized by the Polish Embassy in Tallinn, which was opened by Estonian Deputy Minister Viljar Lubi. We had our discussion panel moderated by Artur Kuczmowski, Senior Partner in our law firm. Michał Mysiak from Software Development Academy and Paweł Sobków from Bitbay, during that panel, shared their experiences in new technology sector and spoke about polish business needs. As a law firm and the organizer of Business Delegation we had a chance to take the floor and present every single company which took part.

We also received an invitation to a reception at the Polish Embassy, ​​during which the establishment of the Polish-Estonian Chamber of Commerce was announced. It is a huge chance to build stronger cooperation between our countries. We will be extensively engaged in the development of the chamber.

On the second day, we were also welcomed by the Estonian unicorn Pipedrive, which shared the story about their key to success. We had the opportunity to learn about their unconventional management model and to tour their headquarters.

Business Delegation Participants had also the opportunity to take B2B meetings, which resulted in acquiring new partners for cooperation. We want to extend a special thanks to Marcin Sęk, Consul of the Republic of Poland and First Secretary of Economic Affairs and also to Natalja Luts Consul of Economic Affairs in the Estonian Embassy in Poland.

Accounting Estonia

We strengthen our position in accounting services

2019-10-03

The dynamic development of our law firm has resulted in establishing a new company – Thompson&Stein Accounting OÜ, specialising in accounting services in Estonia.

Thompson&Stein Accounting OÜ consists of certified accountants who have experience in settling both the activities of entities from the SME sector and large international projects. Our company provides accounting and HR services for Polish contractors implementing the largest infrastructure project in Estonia – the Baltic Pipe.

We grow together with our clients. That is why we decided to open a new company. Not only to support current clients, but also to help develop business on the Estonian market to new entities. As Krzysztof Sosnowski, a board member of Thompson&Stein Accounting, said: ‘The new company is a response to the growing group of clients who need more advanced accounting services for their activities and projects.’

Read more on the website of the Scandinavian-Polish Chamber of Commerce, to which we belong, by clicking here

Others

The role of Blockchain in business. Speech on the International Business Forum&AGM

2019-10-03

The role of Blockchain and cryptocurrency in professional business services was the main topic of our Senior Partner Artur Kuczmowski speech on the 7th International Business Forum in Berlin. It was prestigious conference organized by Adam Global which consists of lawyers, accountants and specialists.

Adam Global – leading platform of professional service providers
Every year Adam Global – the world’s leading platform for multidisciplinary professional business services organize meeting for the members. In 2019 its annual meeting took place in Berlin in Regent Hotel. For two days experts had a chance to share their experienced to each other during workshop, speeches and networking sessions.

Others

‘Estonia as the Gateway to the Scandinavian Market’ has already finished!

2019-06-10

The conference Estonia as the Gateway to the Scandinavian Market was the ‘new opening’ in our Polish-Estonian economic relations. We had the pleasure of hosting the deputy minister of Estonia – Viljar Lubi, who stressed that he hopes to develop the potential of trade and investment cooperation in our countries. He also encouraged Polish companies to visit Estonia and discover its attractive business opportunities.

The conference was attended by nearly 200 entrepreneurs from the Polish SME sector, which are planning to expand or are already operating on foreign markets.

Others, Others

Legal services paid for with Bitcoins? Thompson&Stein adds BitBay Pay as a payment option

2018-10-02

Thompson&Stein has enabled its customers to make payments with Bitcoins by means of the BitBay Pay service. That way the law firm responds to the needs of its clients who lead projects on cryptocurrencies and blockchain.

“At Thompson&Stein we aim at creating security standards on the cryptocurrency markets. We advise our clients with licence processes carried out on the territory of Malta and Estonia as well as coordinate ICO projects. We believe that out decision to accept virtual currencies as a form of payment for our services was part of a natural development. Thanks to implementing Bitcoin payments, we are able to carry out transactions with our clients from anywhere in the world smoothly and quickly. That way we address the needs of both Polish and international contractors”, says Artur Kuczmowski, Senior Partner at Thompson&Stein.

Others

Blockchain conference for fintech leaders: Blockchain & Bitcoin Conference will take place in Malta

2018-08-08

Second large-scale Blockchain & Bitcoin Conference will kick off in Malta On October 23, St. Julian’s will host Blockchain & Bitcoin Conference Malta– a large-scale event dedicated to blockchain, topical trends in the cryptocurrency market, and ICO projects. A single platform will gather the international crypto community, top blockchain developers, and business representatives.

Why Malta?

The government of Malta actively works on the development of transparent and favorable laws in the field of blockchain industry regulation. There are plans to establish a special agency – a Digital Innovation Authority that would control and certify blockchain companies.