What is FSC® certification?
FSC® stands for Forest Stewardship Council®, an international non-profit organization established to promote responsible management of the world’s forests. The FSC® certification is a voluntary, market-based tool that certifies forests and forest products according to strict environmental, social, and economic standards.
For more detailed information, visit https://fsc.org/en.
FSC® license key C135147.
What is PEFC certification?
PEFC stands for the Programme for the Endorsement of Forest Certification. It is an international non-profit organization that promotes sustainable forest management through independent third-party certification.
For more detailed information, visit https://www.pefc.org/.
Is there a cap on the amount of hectares a foreign company can buy?
There is no limit in Estonia. In Latvia, the limit for the purchase of agricultural land is 2,000 hectares per beneficial owner. For example, if an SPV has 3 beneficial owners, the limit would be 6,000 hectares. There are no limits on the purchase of forest land. In Lithuania the cap is 1,500 hecatres of forest land per beneficial owner.
Why is investing into farmland or forestry a good idea?
Traditionally, energy and real estate are considered inflation-resistant. Forest and agricultural properties also generate “energy,” particularly in today’s context where this often refers to green energy. In the Baltics, the prices of forest and agricultural land are comparatively lower than in the rest of Europe, and they are relatively easy to purchase.
Is Woodstem a brokerage company?
Woodstem is more than a traditional brokerage company. In addition to supporting property acquisitions and sales, we provide valuation, investment management, land management and advisory services throughout the investment lifecycle.
Does Woodstem also work with large investors and institutional clients?
Yes. We work with both private and institutional investors, including clients with large land portfolios. Our services may include company establishment, accounting coordination, ongoing portfolio management, reporting and support with the eventual sale or exit from the investment.
Can Woodstem help investors acquire individual properties or build a larger portfolio?
We can support both approaches. Investors may acquire properties individually over time or purchase a larger portfolio in a single transaction. The most suitable approach depends on the investor’s objectives, investment strategy, budget and preferred timeframe.
What is E-Residency of Estonia?
E-Residency of Estonia is a government-issued digital identity which gives global entrepreneurs remote access to the world’s most digital country. It provides the possibility to securely authenticate yourself online and sign documents using the most secure and efficient electronic signatures. Plus, the ability to start a company 100% online from anywhere.
Estonia was the first country to offer e-Residency, starting in 2014. It remains the most popular programme of its kind for ambitious entrepreneurial people.
For more detailed information, visit https://www.e-resident.gov.ee/.
What is eParaksts in Latvia?
eParaksts is your personal signature for electronic documents, as well as a tool to prove your identity in digital environment. Documents signed with eParaksts have the same legal effect as hard copies of documents signed by hand.
For more detailed information, visti https://www.eparaksts.lv/en/.
Remote notary’s transactions in the Baltic states.
Remote participation in notary transactions, also known as remote notarization, has become increasingly common in the Baltic states, including Estonia, Latvia, and Lithuania. This practice allows individuals to complete certain legal procedures and transactions without being physically present at the notary’s office.
Estonia: https://www.notar.ee/en/teabekeskus/kaugtoestus.
Latvia: https://www.tm.gov.lv/en/article/use-notary-services-remotely-latvian-sworn-notary-client-portal-wwwlatvijasnotarslv?utm_source=https%3A%2F%2Fwww.google.com%2F
Lithuania: https://www.njordlaw.com/njord-lithuania-notarial-acts-can-already-be-performed-remotely
What does forest management actually include on a day-to-day basis?
Forest management includes planning and supervising forestry operations, monitoring forest health, organising harvesting and timber sales, reforestation, maintenance and ensuring compliance with local regulations. Woodstem oversees these activities on behalf of landowners, focusing on sustainable management and the long-term value of their investments.
Who carries out the physical forestry work?
Physical forestry operations, such as harvesting, planting and maintenance, are carried out by professional local contractors. Woodstem is responsible for selecting suitable contractors, coordinating activities, monitoring work quality and ensuring that operations meet the agreed objectives and applicable regulations.
How often do clients receive updates or reports on their property's condition and activities?
Woodstem provides regular reports, typically on a monthly or quarterly basis, depending on the management agreement. Reports cover completed and planned activities, financial performance and relevant developments within the portfolio. Clients can also contact their dedicated manager for updates whenever necessary.
Can Woodstem manage agricultural land alongside forest land, or is it forest-only?
Yes. Woodstem manages both forest and agricultural land across Estonia, Latvia and Lithuania. Our agricultural land management services include lease administration, rental income monitoring, land improvement projects and property valuations. This allows investors to manage different types of land assets through a single management partner.
What does the onboarding process look like for a new client?
The process begins with understanding the client’s investment objectives, existing assets and preferred management approach. We then review the relevant properties, agree on a management strategy and define the scope of services and reporting arrangements. Once the management agreement is in place, Woodstem coordinates the necessary activities and provides ongoing portfolio oversight.