News date: 28 February 2018
The Estonian Financial Intelligence Unit (Rahapesu andmebüroo) granted the Tallinn Office of Ilyashev & Partners Law Firm (Ilyashev & Partners Õigusbüroo OÜ) license No. FIU000205 for the provision of trust and company services.
The licensing of these activities was introduced in Estonia in accordance with the requirements of the Money Laundering and Terrorist Financing Prevention Act, as well as to the amendments RT I, 20.04.2017, 1 to the Commercial Code of the Republic of Estonia, which entered into force on January 15, 2018. Now, the possession of this license is a mandatory requirement for companies providing services of the so-called “contact person” in firms, managed by persons located in other states.
“The license provides Ilyashev & Partners and its lawyers with a right to register trusts and render all types of services in the field of corporate law in the territory of Estonia, including foundation of companies and another legal person, including acts and steps related to the transfer of shareholding, as well as to act as a representative of a shareholder of a public limited company, – said Vitali Galitskihh, Head of Tallinn Office of Ilyashev & Partners. – If the management board of a company is located in a foreign state, the company must designate a contact person “contact person”. The contact person’s functions are of especial importance, and, therefore, the contact person is registered in the state register of companies: such person receives all procedural and other documents related to the company’s business activities”.
Ilyashev & Partners was founded in 1997 and is one of the most recognized and reputable law firms in the Eastern European region. With offices in Kyiv, Kharkiv, Dnipro, Simferopol, Moscow and Tallinn, the law firm employs over 120 professionals.