Description
When you decide to stop the business activities of your Estonian company, the company must be closed by voluntary liquidation. The liquidation of Estonian company takes at least 7 months and must be performed by a local liquidator. The period is long, but for the board of the company it is a passive period and our liquidator takes care of everything for you. Our service includes full liquidation executed by professionals.
Included in the price of 550€:
- Full Estonian company liquidation process including all state fees
- Local liquidator
- Drafting legal documents – dissolution resolution, liquidation report, accounting final report
- Preparing the dissolution entry petition and filing it electronically to the Business Register
- Preparing the company deletion entry and filing it electronically to the Business Register
- Deleting the company from Business Register
The price of 550€ applies for the companies that:
- have multiple shareholders who are e-resident card holders
- have annual reports submitted for the previous periods
- have their accounting up-to-date
If the company has only one shareholder who is an e-resident card holder, we can offer the liquidation by merging the company with the assets of a private person.
The price for that service is 450€.
Other options for closing the company:
We can also offer merging your company. But why to choose merging? Well, it takes only about two months depending on the difficulty of the merger.
- Merging the company with the assets of a private person – 450€
- Merging the company with another OÜ – 450€
These prices apply when the company has one shareholder who is an e-resident card holder and the company’s annual reports and accounting are up-to-date. If the company has more shareholders or need help with putting the accounting in order, contact us for an offer.
Additional business services available:
It’s important to remember that for starting the liquidation process, the company must be in good standing – meaning that you have submitted your company’s annual reports for all the previous periods and the accounting for the current year is also up-to-date. If your accountant or service provider has kept everything up-to-date, you can just forward us all the necessary documents, and no extra services will be needed.
We can also help if you need our help in putting your accounting and/or annual reports in order. Just contact us for an offer.
If you are our legal address service client, the legal address for to period of the liquidation is for free. If you are not our legal address client, you’ll get the legal address with a special price.
Process flow for liquidating the Estonian company:
- Send us company’s bank statement and balance sheet
- We will send you the price offer for the complete process
- We will prepare the legal documents. You must sign the documents in Business Register – this can be done electronically with the e-Residency card.
- We will do everything else that is required for the process – prepare the liquidation report, file it to Business Register, prepare the final report etc.
- You just have to approve the reports and wait for the process to be completed.
Important information:
- It is very important to stop business activity and settle everything before the liquidation process begins (settling debts and claims, closing all the accounts, pay all taxes, etc.). The liquidation fee does not include any of the settling tasks needed to be done before starting the liquidation.
- Voluntary liquidation takes place in case the company is solvent and able to pay all debts. In case the company is insolvent, bankruptcy process must be initiated by the board instead.
- DESCRIPTION
When you decide to stop the business activities of your Estonian company, the company must be closed by voluntary liquidation. The liquidation of Estonian company takes at least 7 months and must be performed by a local liquidator. The period is long, but for the board of the company it is a passive period and our liquidator takes care of everything for you. Our service includes full liquidation executed by professionals.
Included in the price of 550€:
- Full Estonian company liquidation process including all state fees
- Local liquidator
- Drafting legal documents – dissolution resolution, liquidation report, accounting final report
- Preparing the dissolution entry petition and filing it electronically to the Business Register
- Preparing the company deletion entry and filing it electronically to the Business Register
- Deleting the company from Business Register
The price of 550€ applies for the companies that:
- have multiple shareholders who are e-resident card holders
- have annual reports submitted for the previous periods
- have their accounting up-to-date
If the company has only one shareholder who is an e-resident card holder, we can offer the liquidation by merging the company with the assets of a private person.
The price for that service is 450€.
Other options for closing the company:
We can also offer merging your company. But why to choose merging? Well, it takes only about two months depending on the difficulty of the merger.
- Merging the company with the assets of a private person – 450€
- Merging the company with another OÜ – 450€
These prices apply when the company has one shareholder who is an e-resident card holder and the company’s annual reports and accounting are up-to-date. If the company has more shareholders or need help with putting the accounting in order, contact us for an offer.
Additional business services available:
It’s important to remember that for starting the liquidation process, the company must be in good standing – meaning that you have submitted your company’s annual reports for all the previous periods and the accounting for the current year is also up-to-date. If your accountant or service provider has kept everything up-to-date, you can just forward us all the necessary documents, and no extra services will be needed.
We can also help if you need our help in putting your accounting and/or annual reports in order. Just contact us for an offer.
If you are our legal address service client, the legal address for to period of the liquidation is for free. If you are not our legal address client, you’ll get the legal address with a special price.
Process flow for liquidating the Estonian company:
- Send us company’s bank statement and balance sheet
- We will send you the price offer for the complete process
- We will prepare the legal documents. You must sign the documents in Business Register – this can be done electronically with the e-Residency card.
- We will do everything else that is required for the process – prepare the liquidation report, file it to Business Register, prepare the final report etc.
- You just have to approve the reports and wait for the process to be completed.
Important information:
- It is very important to stop business activity and settle everything before the liquidation process begins (settling debts and claims, closing all the accounts, pay all taxes, etc.). The liquidation fee does not include any of the settling tasks needed to be done before starting the liquidation.
- Voluntary liquidation takes place in case the company is solvent and able to pay all debts. In case the company is insolvent, bankruptcy process must be initiated by the board instead.
