5,360 companies submitted application for registration on time

08.07.2003 TLN

5,360 companies or approximately 90% of all Estonian operating companies submitted an application for registration with the Estonian CSD (ECSD) on time.

“Single electronic register is a major step towards modernisation of the business environment – on one hand it enhances reliability and on the other creates the entrepreneur a simple and convenient infrastructure,“ said Kaidi Oone, Managing Director of ECSD.
“ECSD continues to simplify operations related to business in cooperation with the commercial register, notaries and other institutions.”

Also, ownership relations as well as documentation have become more organised due to registration of shares, Oone mentions. “A sound list of shareholders as the prerequisite for registration to the registry helped many companies solve problems that until now had had too little attention,” she explained.

Shares of 5,272 companies that have submitted an application for registration have been entered to the registry.

Additional information:

Kristel Raesaar
Public Relations Adviser
Tallinn Stock Exchange / Estonian CSD
HEX Tallinn
Tel: (372) 6 408 800
e-post: