Why Incorporation in Estonia Is the New Black

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These days, the names of cryptocurrency-related projects often include OÜ, which stands for the Estonian osaühing. Generally, it corresponds to Limited Liability Company, and implies that the company was incorporated in Estonia. The number of projects that have preferred this jurisdiction over others is steadily growing.

Estonia is, in fact, quite a progressive jurisdiction that has spawned initiatives like e-Residency and the Public Notary. The country also intended to hold the world’s first state-run ICO. Legal persons and individuals there are also interested in blockchain and cryptocurrencies. The industry is booming there even though the government’s stance towards cryptocurrencies is anything but friendly.

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