General terms

  • Conditions

  • Dedication

  • Remuneration

Basic conditions

  • As a rule, the Estonian director is involved as a second director beside the initial initiator of the business (or current board member).

  • The local director has an advisory position and is not responsible for the company’s main business.

  • The Estonian director is responsible only for his own wrongdoings.

  • Both sides can terminate the cooperation on short notice

Dedication

The local board member's dedication typically ranges from 5-20 hours per month, depending on the support needed.

Remuneration

Remuneration for the local director will be paid as a board member's salary.

Corresponding taxes must be paid to the tax authorities, and reports must be submitted.