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Annual Report – Estonia

175.00 

Every company registered in Estonia has to submit an annual report to the Business Register within six months of the end of the financial year. It has to be prepared in Estonian and in the official currency (EUR). The annual report minimum/basis fee includes mandatory main reports and annexes required by the law. For any additional annexes and accounting, an additional fee is charged. Please request a quote to get an offer.

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Description

Submitting annual report is mandatory for all the companies registered in Estonia, even if the company doesn’t have any activities during the financial year. The deadline for annual report is within six months from the end of company’s financial year, so if your company’s financial year ends on 31st December, the due date for submitting the report is 30th June.

All the accounting has to be completed before starting to compile the annual report.
Mandatory components of the annual report are management report, balance sheet, income statement and notes to the annual accounts. For larger companies’ cash flow statement and statement of changes in equity are also required.

A management report is necessary to submit the annual report. It needs to be drafted by a board member, but we can help you in the process. In certain cases, an auditor’s evaluation is mandatory.

Special offer for dormant companies – annual report only 100 EUR. Check the offer here!

 

Included with the Estonian annual report:

  • Preparing mandatory reports for annual report (except auditor’s evaluation)
  • Submitting the data into Estonian Business Register
  • Management report

 

Additional accounting service for an extra fee:

  • Accounting if the accounting for the financial year is not done

 

Important information about annual reports in Estonia:

  • Submitting annual report is mandatory even if the company doesn’t have any activities during the financial year.
  • The exact content and the form of the annual report depends on the size and business of the company.
  • Delay in submitting the annual report on time may results in penalties and deleting the company from the Business Register.
1. Who has to submit the annual report?

Submitting annual report is required for all companies registered in Estonia even if there is no activity during the financial year.

2. What happens if I don’t submit the annual report?

When the annual report is not submitted, then the Business Register may decide to delete the company.

3. When is the audit or review of an annual report mandatory?

Audit or review

The audit or review of an annual report is mandatory when at least two of the indicators provided in the annual statement exceed the following conditions:

 

ConditionsAuditReview
Sales revenue or income4 000 000 euro1 600 000 euro
Total assets as at balance sheet date2 000 000 euro800 000 euro
Average number of employees60 employees24 employees

 

An audit or review is also mandatory for a VAT payer, when at least one of the indicators provided in its annual statement exceeds the following conditions:

 

ConditionsAuditReview
Sales revenue or income12 000 000 euro4 800 000 euro
Total assets as at balance sheet date6 000 000 euro2 400 000 euro
Average number of employees180 employees75 employees
DESCRIPTION

Submitting annual report is mandatory for all the companies registered in Estonia, even if the company doesn’t have any activities during the financial year. The deadline for annual report is within six months from the end of company’s financial year, so if your company’s financial year ends on 31st December, the due date for submitting the report is 30th June.

All the accounting has to be completed before starting to compile the annual report.
Mandatory components of the annual report are management report, balance sheet, income statement and notes to the annual accounts. For larger companies’ cash flow statement and statement of changes in equity are also required.

A management report is necessary to submit the annual report. It needs to be drafted by a board member, but we can help you in the process. In certain cases, an auditor’s evaluation is mandatory.

Special offer for dormant companies – annual report only 100 EUR. Check the offer here!

 

Included with the Estonian annual report:

  • Preparing mandatory reports for annual report (except auditor’s evaluation)
  • Submitting the data into Estonian Business Register
  • Management report

 

Additional accounting service for an extra fee:

  • Accounting if the accounting for the financial year is not done

 

Important information about annual reports in Estonia:

  • Submitting annual report is mandatory even if the company doesn’t have any activities during the financial year.
  • The exact content and the form of the annual report depends on the size and business of the company.
  • Delay in submitting the annual report on time may results in penalties and deleting the company from the Business Register.
FAQ
1. Who has to submit the annual report?

Submitting annual report is required for all companies registered in Estonia even if there is no activity during the financial year.

2. What happens if I don’t submit the annual report?

When the annual report is not submitted, then the Business Register may decide to delete the company.

3. When is the audit or review of an annual report mandatory?

Audit or review

The audit or review of an annual report is mandatory when at least two of the indicators provided in the annual statement exceed the following conditions:

 

ConditionsAuditReview
Sales revenue or income4 000 000 euro1 600 000 euro
Total assets as at balance sheet date2 000 000 euro800 000 euro
Average number of employees60 employees24 employees

 

An audit or review is also mandatory for a VAT payer, when at least one of the indicators provided in its annual statement exceeds the following conditions:

 

ConditionsAuditReview
Sales revenue or income12 000 000 euro4 800 000 euro
Total assets as at balance sheet date6 000 000 euro2 400 000 euro
Average number of employees180 employees75 employees

PROCESS FLOW

 

* We receive the need for company’s annual report and agree on the volume of the work (depends on the size of the company etc.)

* We need the balance sheet and income statement of the previous financial year

* If the accounting of your company’s previous financial year has not been done we need accounting source documents

* If your company needs to be audited or reviewed, we also need auditor’s opinion

* We go over the documents and compile it to annual report

* We submit the annual report to Commercial Register

FAQ

1) When is the audit or review of an annual report mandatory?
Info from here: https://1office.co/estonia/services/accounting/annual-report/

2) Who has to submit the annual report?
Submitting annual report is obligatory for all undertakings operating in Estonia, even if there is no activity during the financial year.

3) What happens if I do not submit the annual report?
When the annual report is not submitted, then eventually the Commercial registry may decide to delete the company.

4) More questions needed and coming, probably have to read through sales department inboxes

TESTIMONIALS

  1. 1Office made submitting annual report very easy for us. Thank you!
  2. Very quick service, I ordered the annual report in 2nd of February and it was submitted already by 5th of February and they gave me a nice discount too, because there is still time to submit the annual report for a few months.
  3. blabla, maybe some real customer reviews too 😀

SPECIAL OFFERS/PROMOTIONS

-25% until the end of February

Request a quote

To evaluate the volume of the work needed, we need some additional information. Please send us your specific needs and questions so we could send you a price offer.

We will reply to you within 1 working day

You can also send us an e-mail to sales@1office.co or contact us via chat option straight from the web.






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