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Estonian Startup Database launched in Estonia

Startup Estonia, which is a governmental initiative aimed to supercharge the local startup ecosystem, launched an Estonian Startup Database (“Database”).
It contains around 1,000 startups from
different sectors. The Database provides data about the startup sector, business model, employees, employment taxes and turnovers. It is also possible to narrow down the search with particular sectors or criteria.
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What must the legal start-up sales package look like?

Most start-ups eventually reach the point, where the personal funds of the owners and the funds generated from the company’s business are not enough for the start-up to continue its strong development. Thus, a necessity to involve other financing sources arises at that moment, e.g. in a form of attracting a professional investor.
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EU Proposal on Crowdfunding Service Providers may affect blockchain business

The EU Commission has come up with the new Proposal for a Regulation on European Crowdfunding Service Providers (the “Proposal”). If the Proposal comes into force, it will influence businesses that collect investors funds as loans, platforms that provide fundraising services, and ICO’s businesses. Here are 10 main things you need to know about the Proposal and some possible challenges for fundraising platform business utilizing blockchain technologies (“Blockchain platforms”).
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Want to set up small alternative funds?

In Estonia, ordinarily, a small fund manager does not need a license, except when managing public limited fund or common fund (According to §306 (2) of the Investment Funds Act), but nevertheless the fund manager needs to register its activities with the Financial Supervision Authority.
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