Estonian Business Register glossary

Short explanations of the terms you see on company profiles — EMTAK, tax debt, beneficial owner, and more.

• EMTAK — Estonian classification of economic activities

  A five-digit code describing a company's primary activity. Based on the EU's NACE classification.

• Tax debt — what it means and when it is disclosed

  Unpaid debt owed to the Estonian Tax and Customs Board. The public list of debtors starts at €100.

• Beneficial owner

  The natural person on whose behalf the company ultimately operates. In Estonia, beneficial owners must be registered with the Business Register.

• Registry code

  An eight-digit number assigned to every company and association by the Estonian Business Register.

• Board member

  A person who manages the company day-to-day and represents it externally. Membership is on the public Business Register.

• Shareholder

  A person or company that owns equity in another company — units in an OÜ or shares in an AS.