Buying real-estate in Estonia - what to do in case of hidden faults?
Buying real-estate can be one of the most important transactions in life that requires planning and time. It is also a notarized transaction. One of the worst things that could happen is finding out later that there are faults/defects in the real-estate that you had no idea about or that were even purposely hidden from you. By law, the seller needs to disclose all known faults in the real-estate being sold and these would have to be listed in the notarized agreement. A hidden
Closing your Estonian company
Creating a company (osaühing or OU) is easy and can take a few minutes online. However, getting rid of it can take a bit longer. If you cannot sell your company, voluntary dissolution (liquidation) is another option. The law prescribes strict deadlines for different stages that have to be followed even if you have not had any economic activity. The first step is for the owner or owners to take a formal decision to liquidate and a liquidator has to be appointed. This decision