August 23, 2011 meelis Blog: converting share capital from EEK to EUR

Due to the switch of Estonian national currency from Estonian Kroon (EEK) to Euro (EUR) on 01.01.2011, all legal entities must implement relevant changes to the Statute of the Company and other business documents and convert the share capital from Estonian Kroons to Euros. The conversion of the share capital does not take place automatically and should be initiated by the company.

Simplified state-duty free period of capital conversion from EEK to EUR ended on 31.12.2011.

From 01.01.2012 it is still possible to convert capital from EEK to EUR according to normal procedures concerning amending the Statute and capital of the company.

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