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CASP mõiste võeti esmakordselt kasutusele 2020. aastal, kui avaldati Markets in Crypto-assets (MiCa) direktiivi eelnõu 2019/1937 tekst, mille eesmärk on luua ühtne õigusraamistik krüptovara ja virtuaalvääringute valdkonna reguleerimiseks Euroopa Liidus.

The sphere of activity of an Estonian company is selected from the specialized classifier of economic activities EMTAK with the accuracy of 5 digits. The EMTAK classifier is an adapted version of the international harmonized NACE classifier of types of activities.

For many years the accountants and consultants of our company have been specializing in accounting services for the IT sector and have accumulated a considerable amount of knowledge and experience in this area. In this article we will talk about the main features and nuances of accounting, which are typical for representatives of the IT and innovation industry, as well as draw attention to accounting services which may be required for almost every IT project.

This article is primarily aimed at those IT entrepreneurs who consider the European Union as a place to establish their own IT company. Within this review we will consider the main advantages of Europe in general and the European Union in particular for the IT company creation and the development of projects related to innovation and information technology. We will see into the main advantages of Estonia, as an EU member state, for the registration of IT enterprises and startups, since Estonia offers the most favorable conditions for the development of a start-up IT business, including a zero corporate income tax rate.

If a non-resident performs work while being outside Estonia, the remuneration received by him is not subject to income tax in Estonia. Also, a company that has paid remuneration to a foreigner does not have any obligation to declare such payment to the Tax and Customs Board.

The DAO (decentralized autonomous organization) is a decentralized autonomous organization, which is a structure in which traditional centralized management is replaced by innovative technological solutions and open software code. The DAO concept is built largely on the idea of Web 3.0 and blockchain technology, which allows the use of smart contracts and tokens to ensure the continuity and transparency of management decisions and management of internal processes of the DAO project.

Web3, or Web 3.0, is the third generation of the Internet, which aims to create a decentralized network, based on blockchain technology and distributed data storage. In contrast to earlier concepts of Internet technology development (Web 1.0 and Web 2.0), Web3 emphasizes decentralization, privacy and user ownership of data on the network. Also, one of the goals of Web3 is to create ecosystems in which participants can be rewarded for their contributions or participation in decentralized projects.

Liquidation of the company is a process of termination of activity of the company, which includes payment of all liabilities and debts, distribution of the remaining assets among the shareholders and removal of the company from the Commercial Register. Usually the procedure of liquidation of the Estonian company takes from 9 to 12 months and assumes the presence of a liquidator, as well as fulfillment of a range of procedures considered by the law.