Why Have a Procurist for an Estonian Company?
Appointing a procurist (prokurist) in Estonia can provide an Estonian company with greater flexibility and continuity in its day-to-day management and administration.
A procurist is authorised to represent an Estonian company in transactions related to its business activities, without being a member of the management board. This can be particularly useful for international entrepreneurs and companies whose managers live outside Estonia.
One important benefit is continuity when the management board member is unavailable. For example, if a company manager no longer has access to their Estonian e-Residency card and cannot use certain digital services, a procurist with their own valid Estonian digital ID may be able to manage relevant digital procedures and provide a digital signature where accepted, for example the annual report or even tax reports.
A procurist can also represent the company when dealing with banks, authorities, customers and business partners, reducing the company's dependence on a single manager. The procuration can be structured to allow the procurist to act independently or together with a management board member.
For internationally managed businesses, appointing a procurist in Estonia can therefore be a practical solution for ensuring business continuity, company representation and flexible Estonian company management.
If you are interested in the service, please contact us at info@expatlegalestonia.com
Comments