Estonia AS vs OÜ

AS is a legal entity in Estonia, also known as a Public Limited Company. It is a type of company with combined ownership, and shareholders can be one or more individuals. AS has limited liability and can participate in the market publicly. According to Estonian law, AS needs at least one director but does not require a designated legal representative. Additionally, AS does not need to have local citizens as directors, but it still requires at least one director. A bank notice confirming payment of the share capital is filed with the registration application. According to Estonian law, the minimum registered capital for AS is 25,000 euros. Overall, AS is a flexible legal entity suitable for one or multiple shareholders, without the need for a designated legal representative or local directors, but still requiring at least one director.