Xolo holds the position of a 'local contact person' in your Xolo Leap company, which is required by Estonian law in case a company's board members operate outside Estonia. Xolo is not an official board member of your company, nor is any individual member of staff within Xolo.
This means that Xolo cannot represent your company, and cannot make decisions or take commitments on behalf of your company. Instead, Xolo only acts as a 'messenger' who delivers messages to you if any (Estonian) public authority wishes to reach you.
From a legal perspective, having Xolo as a contact person makes sure you have an actual presence in Estonia.
If you have a bank account with LHV, you've granted us a specific access to it, and an access to the Estonian Tax authorities so that we can report taxes, but these rights are specific to the e-services and do not give us any legal right to extend to other services/matters.
Articoli correlati
- Get Started
- About Xolo Leap
- The basics of Xolo Leap
- Fees
- Company setup
- e-Residency
- Banking
- Opening your account
- Using your account
- LHV
- Wise
- Other
- Salaries and Dividends
- Receiving funds when operating outside Estonia
- Receiving funds when operating in Estonia
- Dividends
- Expenses
- Claiming Expenses
- Reporting Expenses
- Other Expenses
- Xolo App
- Xolo App
- My Company
- Company Ownership & Governance
- Management Board
- Company Finances
- Company Details
- Share Capital
- Closing/Hibernating Company
- Other
- Invoicing
- Invoicing
- Hiring, Compliance & Reporting
- Hiring
- Compliance
- Annual reports
- Payment Gateways & Marketplaces
- General information
- PayPal
- Stripe
- ID-cards & Software
- About ID-cards & Software
- Software
- Logging in
- Signing Documents
- Forgot PIN/Lost ID-card
- Investments & Cryptocurrencies
- Investments
- Cryptocurrencies
- Travelling
- Business trip rules when operating outside Estonia
- Business trip rules when operating in Estonia
- Referrals
- Referrals
- Taxes
- Taxes
- VAT
- Other
- Self Service
- Other
What is Xolo's legal role in my Xolo Leap company?
Ultimo aggiornamento: October 08, 2024
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