The natural persons sitting on the most active Estonian-company boards – sometimes legitimate corporate-services practice, sometimes a shell-pattern signal.
| # | Person | Board seats | Other roles | Examples |
|---|---|---|---|---|
| 01 | Roman Buglevski1984 | 178 | 2 beneficial | |
| 02 | Hannes Rosin1979 | 147 | 14 shareholder · 243 beneficial |
List based on Estonian Business Register's persons-on-card data. Only active (end_date IS NULL) roles at companies in 'registris' status, in the categories of management board, supervisory board or prokurist, are counted.
A separate column shows the count of shareholder and beneficial-owner roles – these don't affect ranking, only context.
Interpretation: A high board count is not automatically a red flag – corporate-services providers, advisory firms and family-office partners legitimately appear at the top. The same list is, however, a standard entry point for shell-company-pattern detection.
| 03 | Rando Saarepere1996 | 140 | 362 beneficial |
| 04 | Aare Reikter | 133 | 3 shareholder · 128 beneficial |
| 05 | Aivar Mäemets1974 | 93 | 11 shareholder · 66 beneficial |
| 06 | Ott Männiste1979 | 93 | 3 shareholder · 3 beneficial |
| 07 | Tanel Terasmaa1988 | 92 | 13 shareholder · 75 beneficial |
| 08 | Jarmo Tappo1987 | 91 | 52 shareholder · 86 beneficial |
| 09 | Igor Rozdolschii1986 | 83 | 5 shareholder · 5 beneficial |
| 10 | Rauno Kiisk1982 | 81 | 3 shareholder · 6 beneficial |
| 11 | Roberto De Silvestri1977 | 78 | 5 shareholder · 23 beneficial |
| 12 | Raul Pint1968 | 76 | 173 beneficial |
| 13 | Ants Ratas1968 | 72 | 2 shareholder · 63 beneficial |
| 14 | Anre Liidaru1982 | 72 | 29 beneficial |
| 15 | Margus Kähri | 68 | 40 shareholder · 47 beneficial |
| 16 | Vadim Vedehhov1974 | 65 | 2 shareholder · 3 beneficial |
| 17 | Erik Muugamäe1974 | 64 | 12 shareholder · 67 beneficial |
| 18 | Andres Vahi | 64 | 2 shareholder · 54 beneficial |
| 19 | Peeter Ojatamm1978 | 59 | 5 shareholder · 5 beneficial |
| 20 | Andrus Räppo1968 | 58 | 12 shareholder · 65 beneficial |
| 21 | Dmitrii Samoilovskikh1987 | 56 | 3 shareholder · 54 beneficial |
| 22 | Meelis Priimägi1989 | 52 | 18 shareholder · 48 beneficial |
| 23 | Jüri Kalda1951 | 52 | 3 shareholder · 9 beneficial |
| 24 | Oleg Kuzmin1970 | 50 | 1 shareholder · 45 beneficial |
| 25 | Reimo Nook1971 | 50 | 3 shareholder · 4 beneficial |
| 26 | Deniss Iljinõhh1980 | 48 | 38 shareholder · 43 beneficial |
| 27 | Dmitri Komarov1986 | 48 | 20 shareholder · 53 beneficial |
| 28 | Kristjan-Thor Vähi1974 | 48 | 4 shareholder · 43 beneficial |
| 29 | Jüri Krupenski1982 | 48 | 1 shareholder · 42 beneficial |
| 30 | Siim Kuusik1985 | 47 | 20 shareholder · 68 beneficial |
| 31 | Ain Aidamets1971 | 46 | 20 shareholder · 30 beneficial |
| 32 | Nikita Volkotrub1991 | 45 | 27 shareholder · 28 beneficial |
| 33 | Ivar Vahter1975 | 45 | 2 shareholder · 14 beneficial |
| 34 | Øyvind (Oyvind) Hjulmand1968 | 43 | 8 shareholder · 44 beneficial |
| 35 | Taimar Kepp1968 | 43 | 27 beneficial |
| 36 | Marek Oolo1978 | 43 | 3 shareholder · 6 beneficial |
| 37 | Jaana Pakkas1963 | 43 | 1 shareholder · 1 beneficial |
| 38 | Jürgen Kirsis1973 | 42 | 2 shareholder · 33 beneficial |
| 39 | Priit Lepasepp1986 | 41 | 1 shareholder · 37 beneficial |
| 40 | Viljar Arakas1979 | 40 | 1 shareholder · 42 beneficial |
| 41 | Kari Juhani Salmela1967 | 40 | 41 beneficial |
| 42 | Ragnar Sepp1981 | 40 | 6 shareholder · 8 beneficial |
| 43 | Neinar Seli1959 | 39 | 25 shareholder · 66 beneficial |
| 44 | Tõnu Uustalu1975 | 39 | 2 shareholder · 41 beneficial |
| 45 | Kristo Kivimäe1983 | 38 | 44 shareholder · 25 beneficial |
| 46 | Ilja Nikiforov1988 | 38 | 13 shareholder · 45 beneficial |
| 47 | Märt Mäetam1956 | 38 | 21 shareholder · 36 beneficial |
| 48 | Anton Kruglov1983 | 38 | 1 shareholder · 7 beneficial |
| 49 | Margus Mäekala1964 | 36 | 28 shareholder · 33 beneficial |
| 50 | Andres Sõnajalg1961 | 36 | 14 shareholder · 32 beneficial |
| 51 | Roman Varsanovitš1976 | 36 | 4 shareholder · 35 beneficial |
| 52 | Reigo Randmets1979 | 36 | 2 shareholder · 35 beneficial |
| 53 | Vitali Kõllomets1982 | 36 | 2 shareholder · 18 beneficial |
| 54 | Siimar-Tanel Rooma1989 | 35 | 3 shareholder · 20 beneficial |
| 55 | Tanel Samuel1981 | 34 | 5 shareholder · 28 beneficial |
| 56 | Kaarel Koger1983 | 34 | 5 shareholder · 9 beneficial |
| 57 | Sergei Boitsov1975 | 34 | 1 shareholder · 12 beneficial |
| 58 | Olivar Kits1972 | 34 | 2 shareholder · 3 beneficial |
| 59 | Hans Luik1961 | 33 | 22 shareholder · 51 beneficial |
| 60 | Andres Opp1994 | 33 | 1 shareholder · 43 beneficial |
| 61 | Juhan Karlis1979 | 33 | 2 shareholder · 33 beneficial |
| 62 | Margus Potisepp1990 | 33 | 1 shareholder · 29 beneficial |
| 63 | Kristo Seli1989 | 33 | 5 shareholder · 13 beneficial |
| 64 | Priit Janu1973 | 32 | 14 shareholder · 8 beneficial |
| 65 | Lauri Mägi1984 | 32 | 6 shareholder · 4 beneficial |
| 66 | Tõnu Puidak1968 | 31 | 42 shareholder · 89 beneficial |
| 67 | Urmas Rooba1966 | 31 | 33 shareholder · 37 beneficial |
| 68 | Enn Kunila1950 | 31 | 4 shareholder · 30 beneficial |
| 69 | Urmas Murumets1971 | 31 | 1 shareholder · 27 beneficial |
| 70 | Andres Teder1963 | 31 | 2 shareholder · 3 beneficial |
| 71 | Andres Lõhmus | 30 | 8 shareholder · 26 beneficial |
| 72 | Indrek Sonnberg1968 | 30 | 20 beneficial |
| 73 | Tarmo Noot1967 | 30 | 14 beneficial |
| 74 | Darja Sudarinen1989 | 30 | 1 shareholder · 1 beneficial |
| 75 | Sten Tikk1980 | 29 | 36 shareholder · 40 beneficial |
| 76 | Indrek Ahermaa1983 | 29 | 29 shareholder · 29 beneficial |
| 77 | Raul Jeets1974 | 29 | 9 shareholder · 36 beneficial |
| 78 | Kalle Aron1982 | 29 | 8 shareholder · 30 beneficial |
| 79 | Maido Lüiste1988 | 29 | 5 shareholder · 30 beneficial |
| 80 | Siim Niinemägi | 29 | 1 shareholder · 30 beneficial |
| 81 | Monika Karu | 29 | 26 beneficial |
| 82 | Ingvar Allekand1976 | 29 | 2 shareholder · 20 beneficial |
| 83 | Hendrik Hindov1976 | 29 | 2 shareholder · 19 beneficial |
| 84 | Marko Heinmets1989 | 29 | 1 shareholder · 16 beneficial |
| 85 | Marko Kutman1983 | 29 | 6 shareholder · 6 beneficial |
| 86 | Martti Talgre1982 | 29 | 2 shareholder · 4 beneficial |
| 87 | Endo Tõnuver1974 | 28 | 24 shareholder · 29 beneficial |
| 88 | Märt Riiner1985 | 28 | 1 shareholder · 29 beneficial |
| 89 | Triinu Bucheton1985 | 28 | 2 shareholder · 21 beneficial |
| 90 | Dag Ainsoo1977 | 28 | 2 shareholder · 14 beneficial |
| 91 | Roul Tutt1974 | 28 | 6 shareholder · 6 beneficial |
| 92 | Dmitri Jermohhin1982 | 28 | 1 shareholder · 3 beneficial |
| 93 | Allan Kool1977 | 27 | 6 shareholder · 39 beneficial |
| 94 | Marcel Vichmann1965 | 27 | 3 shareholder · 42 beneficial |
| 95 | Roland Kore1975 | 27 | 11 shareholder · 23 beneficial |
| 96 | Veljo Kuusk1967 | 27 | 5 shareholder · 26 beneficial |
| 97 | Jüri Käo1965 | 27 | 2 shareholder · 27 beneficial |
| 98 | Karl Ader | 27 | 2 shareholder · 24 beneficial |
| 99 | Mirjam-Mari Marastu1977 | 27 | 3 shareholder · 13 beneficial |
| 100 | Gert Virves1993 | 27 | 3 shareholder · 3 beneficial |