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Basic annual report
Perfect for businesses with minimal turnover, no employees, or fewer than 10 documents per month. A one-time payment covers document handling and reporting—just grant your accountant filing access using the detailed guide included with your order. Hassle-free and tailored to your needs!
Kirjeldus
Service Details:
- Payment: One-time payment
- Eligibility: This service is ideal for businesses with little to no turnover, no employees, or minimal economic activity.
- Document Handling: If your business generates fewer than 10 source documents per month, this service is suitable for you.
- Reporting Process: To submit the necessary reports, it is required to grant the accountant authorization to file them in the business register. A detailed instruction manual will be automatically sent along with your order confirmation to guide you through the process.
- Representation Rights
To facilitate the registration process, it is necessary to grant us representation rights. This requires possession of an Estonian, Latvian, Lithuanian, or Belgian ID card, an Estonian e-resident card, or Estonian and Lithuanian Mobile-ID. If these options are unavailable, we can utilize a Power of Attorney instead.
Service Package Includes:
- Balance Sheet
A comprehensive balance sheet detailing your company’s financial position. - Profit and Loss Statement
An overview of your company’s revenues and expenses over a specific period. - Cash Flow Statement
A report outlining the inflows and outflows of cash, providing insights into liquidity. - Activity Report
A detailed report summarizing your company’s activities and performance. - Submission to the Business Register
All necessary documents will be uploaded directly to the business register on your behalf. - Transparent Pricing
There are no hidden costs, including state fees or additional charges.
Included Documentation
- Service Agreement
A service agreement will be automatically sent with your order confirmation. - KYC (Know Your Customer) Form
The KYC form will also be sent automatically for compliance purposes. - Authorization Guide
A detailed manual on how to grant your accountant the necessary rights for representation in the business register will be included.
FAQ
Annual report (5)
It has to be prepared in Estonian and in the currency officially applicable in Estonia (EUR).
It can be done remotely.
If you have an Estonian e-residency card, Estonian Mobile ID, or other suitable cards.
Please take a closer look at our respective service:
The court maintaining the register has the right to repeatedly and without warning to punish the undertaking and all persons required to submit the data for failure to submit the report on time.
The fine is determined to the extent provided for in the Code of Civil Procedure.
If the report has not been submitted within 18 months after the end of the financial year, the court which maintains the register shall delete the register of a legal person or decide on its dissolution or liquidation.
We can help.
It can be done remotely. If you have an Estonian e-residency card. Please take a closer look at our respective service:
Upon order and payment services are activated in 24 hours.
However, please note that in certain cases, such as when a signed contract and KYC documents are required, the activation of the service may be subject to the timely provision of these additional materials.
Our team will promptly inform you of any such requirements and work with you to ensure a smooth and efficient activation process.
If you have an Estonian company then submitting an annual report is required for all companies registered in Estonia even if there is no activity during the financial year.
It can be done remotely. If you have an Estonian e-resideny card. Please take a closer look at our respective service:
Every Estonian legal entity – including micro‑sized OÜs owned by e‑residents – must file an annual report (majandusaasta aruanne) with the Business Register within 6 months after the end of its financial year (Commercial Code § 60).
Typical deadline: If your financial year = calendar year, the report is due 30 June of the following year.
1. Financial‑year basics
Scenario | Financial year | Filing deadline |
---|---|---|
Standard case | 01 Jan – 31 Dec | 30 Jun next year |
Non‑calendar FY (e.g. 01 Jul – 30 Jun) | Custom period | 6 months after FY end |
First FY after incorporation | Incorporation date → chosen FY end (max 18 months) | 6 months after FY end |
To change the FY you must submit a shareholders’ resolution and amend the articles in the Business Register before the new FY starts.
2. What must be included?
Estonian GAAP (Estonia’s Good Accounting Practice) recognises four size categories. Reporting requirements scale with size:
Size class | Thresholds (any two exceeded → next class) | Core statements | Notes & other disclosures | Management report |
Micro | • Assets ≤ €175 k | |||
• Revenue ≤ €50 k | ||||
• Liabilities ≤ equity | ||||
• 1 shareholder who is also sole director | – Balance sheet | |||
– Income statement | – Accounting policies | |||
– Employee count | ||||
– Related‑party info | Not required | |||
Small | • Assets ≤ €4 m | |||
• Revenue ≤ €8 m | ||||
• Employees ≤ 50 (avg) | + Cash‑flow stmt (optional if indirect method impractical) | Full set of notes per Accounting Act | Yes | |
Medium | Assets ≤ €20 m; Revenue ≤ €40 m; Employees ≤ 250 | – BS, IS, CF, Equity changes | Notes + management report | Yes + Auditor if 2/3 thresholds exceeded |
Large | Exceeds medium | Same as medium | Notes + mgmt report | Yes + Statutory audit |
Most of our clients fall under micro or small category.
3. Penalties for late filing
Delay | Sanction |
Up to 3 months | Warning letter & initial fine (typically €200–€300) |
Over 3 months | Repeated coercive fines up to €3 200 total |
Persistent non‑compliance | Court‑ordered compulsory dissolution of the company |
Late filing also raises red flags with banks and partners; keep your compliance record clean.
4. Best‑practice timeline (calendar‑year FY)
Month | Task |
Jan‑Feb | Close previous FY in accounting software; reconcile balances |
Mar | Draft financial statements; collect supporting documents |
Apr | Management review; prepare notes & management report |
May | Board approves package; send to auditor (if required) |
Jun | Shareholders’ meeting adopts the report; board member signs; submit by 30 Jun |
Submitting early avoids last‑minute e‑system congestion.
5. Key accounting frameworks
- Accounting Act – bookkeeping, source documents, reporting.
- Estonia’s Good Accounting Practice – national GAAP.
- Accounting Board guidelines – interpretations & detailed rules.
Solid day‑to‑day bookkeeping is the foundation of a clean annual report. We help micro and small OÜs keep ledgers in shape and file on time.
Need assistance? Contact us for a fixed‑fee quote.
This overview is for general information only and not legal advice. Always check current laws and the Business Register instructions.