MajandusTegevuse Register

The MajandusTegevuse Register (MTR), also known as the Register of Economic Activities, serves as the official regulatory registry for businesses in Estonia that conduct economic activities requiring notification or licensing under a national legal framework.

The MTR is established as required by the Economic Activities Code, following the repeal of the former Register of Economic Activities Act.

Key Functionality

The functions of the MTR consist of several distinct operational areas:

• Registration and Notification: Businesses conducting licensing or notification activity as required by the legislation must submit company details, registry numbers and type of economic activity.

• Public Accessibility and Transparency: The register will make it possible for members of the public, regulators and the public to conduct due diligence as to whether an operator is registered and/or compliant regarding the permits required.

• Cooperative Relationships with Regulators: While the MTR does not act as a financial regulator, it cooperates with institutions, including the Estonian Financial Supervision Authority (EFSA) and the Financial Intelligence Unit (FIU) and provides information as to whether companies are only licensed or operating under regulatory supervision.

Oversight and Requirement

The economic activities registered through the MTR are exercised under the oversight and monitoring of the Ministry of Economic Affairs and Communications of the Republic of Estonia.