One day you may need to end your business activities in Estonia, whether it’s due to plans not working out or receiving an offer to buy your company, it’s essential to know your options.

1. Liquidation / Dissolution of Your Estonian Company

The most common method to end business activities is voluntary liquidation. This process begins with the consent of the shareholders. A liquidator is then appointed, who can also be one of the board members. Of course, the company must be solvent.

Preparation for Liquidation 

1. E-resident owners complete the process remotely via e-notary
2. e-Residents can do this online, non e-Residents need Notarization or Power of Attorney with Apostille
3. Book a notary appointment to sign the merger agreement and another two months later to submit the merger petition
4. Prepare a final balance sheet and publish a merger notice
5. Creditors have six months to submit claims