{"id":1752,"date":"2019-03-07T22:43:35","date_gmt":"2019-03-07T22:43:35","guid":{"rendered":"https:\/\/virtualofficeinestonia.com\/?post_type=product&#038;p=1752"},"modified":"2025-12-29T13:35:42","modified_gmt":"2025-12-29T11:35:42","slug":"company-liquitation","status":"publish","type":"product","link":"https:\/\/virtualofficeinestonia.com\/et\/product\/company-liquitation\/","title":{"rendered":"Company liquitation"},"content":{"rendered":"<h3><span style=\"color: #ff6600;\"><strong>Product Includes:<\/strong><\/span><\/h3>\n<ul>\n<li>Preparation of all necessary documentation<\/li>\n<li>Drafting of the contract for the transfer of company shares<\/li>\n<li>Arranging and scheduling an e-notary session<\/li>\n<li>Payment of the state fee<\/li>\n<li>Coverage of notary fees<\/li>\n<\/ul>\n<h3><span style=\"color: #ff6600;\"><strong>Liquidation of an Estonian Company<\/strong><\/span><\/h3>\n<p>An Estonian company can be liquidated either voluntarily or compulsorily.<\/p>\n<ul>\n<li><strong>Voluntary liquidation<\/strong> is decided by the general meeting of shareholders.<\/li>\n<li><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\"><strong>The court orders compulsory liquidation<\/strong><\/span>.<\/li>\n<\/ul>\n<p>Typically, the entire process\u2014covering creditor claims and distributing any remaining assets to shareholders\u2014takes around six months. However, the complete removal from the Commercial Register may take longer depending on the company&#8217;s size and the liquidation method chosen (voluntary or compulsory).<\/p>\n<p><strong>We streamline this for you, with transferring the shares, initiating the process immediately, so you can move on without delay.<\/strong><\/p>\n<h3><span style=\"color: #ff6600;\">Service Details:<\/span><\/h3>\n<p>The entire process is carried out in an <a href=\"https:\/\/www.notar.ee\/en\" target=\"_blank\" rel=\"noopener\">e-notary environment<\/a>. Along with the share transfer, changes would also be made to the list of shareholders, the management board, the actual beneficiaries, and the contact details.<\/p>\n<p>Transparent pricing with no hidden costs<\/p>\n<h3><span style=\"color: #ff6600;\">Identification requirements<\/span><\/h3>\n<p>The entire process takes place in the e-environment of the commercial register. This requires possession of an <a href=\"https:\/\/eresident.politsei.ee\" target=\"_blank\" rel=\"noopener\">Estonian e-resident card<\/a>, an <a href=\"https:\/\/www.id.ee\/en\/id-card\" target=\"_blank\" rel=\"noopener\">Estonian ID Card<\/a>, <a href=\"https:\/\/www.id.ee\/en\/mobile-id\" target=\"_blank\" rel=\"noopener\">Mobile ID<\/a>, or <a href=\"https:\/\/www.smart-id.com\" target=\"_blank\" rel=\"noopener\">Smart ID<\/a>.<\/p>\n<p><strong>Alternative solution<\/strong><\/p>\n<p>We can utilize a Power of Attorney if these options are unavailable. To do this, you must send us an <strong>apostilled power of attorney<\/strong> issued by a notary in your local country. <a href=\"https:\/\/virtualofficeinestonia.com\/product\/sworn-translation\/\" rel=\"noopener\">A sworn translator will translate it in Estonia to comply with local legislation.<\/a><\/p>\n<h3><span style=\"color: #ffcc00;\"><strong>FAQ<\/strong><\/span><\/h3>\n<style>div.ewd-ufaq-faq-title h5 { font-size: 12 !important; }div.ewd-ufaq-faq-post p { font-size: 12 !important; }div.ewd-ufaq-faq-categories, div.ewd-ufaq-faq-tags { font-size: 12 !important; }<\/style><div  class=\"ewd-ufaq-faq-list ewd-ufaq-page-type-load_more ewd-ufaq-category-tabs-\" id='ewd-ufaq-faq-list'>\n\n\t<input type='hidden' name='show_on_load' value='' id='ewd-ufaq-show-on-load' \/>\n<input type='hidden' name='include_category' value='company-liquitation' id='ewd-ufaq-include-category' \/>\n<input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' \/>\n<input type='hidden' name='orderby' value='title' id='ewd-ufaq-orderby' \/>\n<input type='hidden' name='order' value='desc' id='ewd-ufaq-order' \/>\n<input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' \/>\n<input type='hidden' name='current_url' value='\/et\/wp-json\/wp\/v2\/product\/1752' id='ewd-ufaq-current-url' \/>\n\t\n\t\n\t<div class='ewd-ufaq-faqs'>\n\n\t\t<div id='ewd-ufaq-faq-category-company-liquitation' class='ewd-ufaq-faq-category'>\n\t\n\t<div class='ewd-ufaq-faq-category-title '  >\n\t\t\n\t\t<h4 title=\"Click here to open Company liquitation\">\n\t\t\tCompany liquitation\t\t\t <span>(7)<\/span>\t\t<\/h4>\n\n\t\t\t\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-faq-category-inner ' >\n<div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-6227-L29ilTPv4c' data-post_id='6227'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tWhat to do with negative share capital (net assets)?\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t\n<p class=\"has-primary-color has-text-color has-link-color has-medium-font-size wp-elements-b8023f40974ff502eb15a27a0e05b11a\"><strong>Negative share capital must be resolved as soon as possible.<\/strong><\/p>\n\n\n\n<p>Below is a practical roadmap that <span style=\"margin: 0px;padding: 0px\">aligns with the requirements of the\u00a0<strong>Commercial Code<\/strong>\u00a0(\u00c4riseadustik) and common market solutions<\/span>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide-thin-line\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-vivid-cyan-blue-color has-text-color has-link-color has-medium-font-size wp-elements-ff07a9080f75f5f102a242e1a2556a52\">1. When is equity \u201ctoo low\u201d?<\/h2>\n\n\n\n<p>Under <strong>Commercial Code \u00a7 176(2),<\/strong> the company\u2019s <strong>net assets must be at least<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>50\u202f% of registered share capital<\/strong>, and<\/li>\n\n\n\n<li><strong>not less than the minimum share\u2011capital requirement<\/strong> (currently\u202f<strong>\u20ac\u202f2\u202f500<\/strong> for O\u00dcs).<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Example:<\/strong><br>An O\u00dc with a registered capital of \u20ac2\u202f500 must keep equity \u2265 \u20ac2\u202f500 (100\u202f%).<\/p>\n<\/blockquote>\n\n\n\n<p>If the balance sheet shows that equity is below either limit (often expressed as <em>negative share capital<\/em>), the board must<span style=\"margin: 0px;padding: 0px\">\u00a0convene a shareholders&#8217; meeting\u00a0<strong>within three months after approval of the annual report<\/strong><\/span> to decide on remedies.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide-thin-line\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-vivid-cyan-blue-color has-text-color has-link-color has-medium-font-size wp-elements-e5f0a3534d62cf96f8376186dde0d49d\">2. Practical ways to restore equity<\/h2>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Issue new shares\/owner cash injection<\/strong> \u2013 quickest textbook fix.<\/li>\n\n\n\n<li><strong>Convert shareholder loans into equity<\/strong> (set\u2011off contribution).<\/li>\n\n\n\n<li><strong>Revalue (upwards) real estate or IP<\/strong> \u2013 allowed if a fair\u2011value report substantiates it.<\/li>\n\n\n\n<li><strong>Cut costs &amp; improve margins<\/strong> \u2013 demonstrate turnaround in the next financial year.<\/li>\n\n\n\n<li><strong>Sell non\u2011core assets<\/strong> \u2013 realise gains, book profit.<\/li>\n\n\n\n<li><span style=\"margin: 0px;padding: 0px\"><strong>Reduce share capital to a minimum (\u20ac2\u202f500)<\/strong>\u00a0and cover the rest via profit or later capital increase.<\/span><\/li>\n<\/ol>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Tip:<\/strong> Make sure any capital manoeuvre is properly <strong>documented<\/strong>, entered in the <strong>accounting ledgers<\/strong> and registered in <strong>e-Business Register<\/strong>.<\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide-thin-line\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-vivid-cyan-blue-color has-text-color has-link-color has-medium-font-size wp-elements-606cad65516378754d228c3e66fc25a0\">3. Exit scenarios<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Sell the company<\/strong> \u2013 shares can be transferred to a buyer who is willing to recapitalise. Ensure the SPA allocates responsibility for past debts.<\/li>\n\n\n\n<li><strong>Liquidate<\/strong> \u2013 a clean way to close down if there is no buyer or business rationale. Requires publishing a creditor notice and preparing a final balance sheet.<\/li>\n\n\n\n<li><strong>Turnkey liquidation service<\/strong> \u2013 we can handle filings, creditor notices, accounting &amp; tax clearance (fees start around \u20ac300\u2013\u20ac1\u202f000).<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide-thin-line\" \/>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">4. When will the share capital be returned?<\/h3>\n\n\n\n<p>Only the <strong>paid-in share capital<\/strong> <span style=\"margin: 0px;padding: 0px\">may be returned to the owner, and this may occur\u00a0<strong>no earlier than 4 months<\/strong>\u00a0after the liquidation process begins<\/span>. The return can include both the registered share capital and any remaining funds in the company\u2019s bank account, provided all legal obligations have been fulfilled.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide-thin-line\" \/>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-444728ffa24861bbe90817e21b0cd5d1\"><strong>NB!<\/strong><\/p>\n\n\n\n<p>In Estonia, for a Private Limited Company (O\u00dc), the \u20ac2,500 minimum share capital requirement was abolished in February 2023, meaning the share capital can be as low as \u20ac0.01; however, founders become personally liable for the difference if assets fall short of \u20ac2,500 in bankruptcy. For a Public Limited Company (AS), the minimum remains \u20ac25,000.<br><\/p>\n\n\n<\/p><\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategories:\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/accounting\/\">Accounting<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/company-liquitation\/\">Company liquitation<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-tags'>\n\t\n\tTags:\t\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/accounting\/\">Accounting<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/commercial-code\/\">Commercial Code<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/estonia\/\">Estonia<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/share-capital\/\">Share Capital<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-ratings'>\n\t\n\t<div class='ewd-ufaq-ratings-label'>\n\t\tDid you find this FAQ helpful?\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-up-vote ewd-ufaq-ratings-default-image' data-faq_id='6227'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-up-icon.png\" alt=\"Thumbs Up Icon\">\t\t<span>4<\/span>\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-down-vote ewd-ufaq-ratings-default-image' data-faq_id='6227'>\n\t\t<img decoding=\"async\" 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9.3-1.83 0-3.153-.934-3.347-2.997h-.077c-1.208 1.986-2.96 2.997-5.023 2.997-2.532 0-4.36-1.868-4.36-5.062 0-4.75 3.503-9.07 9.11-9.07 1.713 0 3.7.4 4.6.972l-1.17 7.203c-.387 2.298-.115 3.3 1 3.4 1.674 0 3.774-2.102 3.774-6.58 0-5.06-3.27-8.994-9.304-8.994C9.05 2.87 3.83 7.545 3.83 14.97c0 6.5 4.2 10.2 10 10.202 1.987 0 4.09-.43 5.647-1.245l.634 2.22zM16.647 10.1c-.31-.078-.7-.155-1.207-.155-2.572 0-4.596 2.53-4.596 5.53 0 1.5.7 2.4 1.9 2.4 1.44 0 2.96-1.83 3.31-4.088l.592-3.72z' \/>\n\t\t\t<\/svg>\n\n\t\t<\/span>\n\n\t\t<span class='rrssb-text'>email<\/span>\n\n\t<\/a>\n\n<\/li>\t<\/ul>\n\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/single-faq\/what-to-do-with-negative-share-capital\/'>\n\t\t\n\t\t\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div><div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-6295-h5vkKif5yS' data-post_id='6295'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tWhat is the e-Notary service in Estonia?\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<h4><span style=\"color: #ff6600\">Digital notarial services in Estonia and selected embassies.<\/span><\/h4>\n<div class=\"relative flex basis-auto flex-col -mb-(--composer-overlap-px) [--composer-overlap-px:55px] grow overflow-hidden\">\n<div class=\"relative h-full\">\n<div class=\"flex h-full flex-col overflow-y-auto [scrollbar-gutter:stable_both-edges] @[84rem]\/thread:pt-(--header-height)\">\n<div class=\"@thread-xl\/thread:pt-header-height flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-677c445e-944c-8002-ae41-07e4ab362741-12\" data-testid=\"conversation-turn-125\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[72rem]:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"792ed52c-0def-41bf-86a1-61b48b18c3fd\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light markdown-new-styling\">\n<p data-start=\"112\" data-end=\"459\">In Estonia, a <strong data-start=\"126\" data-end=\"143\">public notary<\/strong> acts as an official intermediary between private individuals or companies and the <strong data-start=\"226\" data-end=\"249\">Commercial Register<\/strong>, helping to certify applications, transactions, and legal documents. Thanks to Estonia\u2019s advanced digital infrastructure, <strong data-start=\"372\" data-end=\"428\">many notarial services can now be completed remotely<\/strong> using the <strong data-start=\"439\" data-end=\"458\">e-Notary system<\/strong>.<\/p>\n<p data-start=\"461\" data-end=\"555\">You can access the platform at: <a class=\"\" href=\"https:\/\/iseteenindus.notar.ee\" target=\"_blank\" rel=\"noopener\" data-start=\"493\" data-end=\"555\">https:\/\/iseteenindus.notar.ee<\/a><\/p>\n<hr data-start=\"557\" data-end=\"560\" \/>\n<h4 data-start=\"562\" data-end=\"603\">What can you do through the e-Notary?<\/h4>\n<ul data-start=\"605\" data-end=\"889\">\n<li data-start=\"605\" data-end=\"650\">\n<p data-start=\"607\" data-end=\"650\"><strong data-start=\"607\" data-end=\"648\">Initiate and complete share transfers<\/strong><\/p>\n<\/li>\n<li data-start=\"651\" data-end=\"700\">\n<p data-start=\"653\" data-end=\"700\"><strong data-start=\"653\" data-end=\"698\">Certify documents, signatures, and copies<\/strong><\/p>\n<\/li>\n<li data-start=\"701\" data-end=\"749\">\n<p data-start=\"703\" data-end=\"749\"><strong data-start=\"703\" data-end=\"747\">Authenticate power of attorney documents<\/strong><\/p>\n<\/li>\n<li data-start=\"750\" data-end=\"776\">\n<p data-start=\"752\" data-end=\"776\"><strong data-start=\"752\" data-end=\"774\">Request apostilles<\/strong><\/p>\n<\/li>\n<li data-start=\"777\" data-end=\"836\">\n<p data-start=\"779\" data-end=\"836\"><strong data-start=\"779\" data-end=\"834\">Book notary appointments and review draft contracts<\/strong><\/p>\n<\/li>\n<li data-start=\"837\" data-end=\"889\">\n<p data-start=\"839\" data-end=\"889\"><strong data-start=\"839\" data-end=\"889\">Access invoices and your full notarial history<\/strong><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"891\" data-end=\"991\">e-Notary is available throughout Estonia and in selected <strong data-start=\"948\" data-end=\"977\">Estonian embassies abroad<\/strong>, including:<\/p>\n<ul data-start=\"992\" data-end=\"1051\">\n<li data-start=\"992\" data-end=\"1004\">\n<p data-start=\"994\" data-end=\"1004\">Helsinki<\/p>\n<\/li>\n<li data-start=\"1005\" data-end=\"1018\">\n<p data-start=\"1007\" data-end=\"1018\">Stockholm<\/p>\n<\/li>\n<li data-start=\"1019\" data-end=\"1031\">\n<p data-start=\"1021\" data-end=\"1031\">Brussels<\/p>\n<\/li>\n<li data-start=\"1032\" data-end=\"1042\">\n<p data-start=\"1034\" data-end=\"1042\">London<\/p>\n<\/li>\n<li data-start=\"1043\" data-end=\"1051\">\n<p data-start=\"1045\" data-end=\"1051\">Riga<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1053\" data-end=\"1260\">If you prefer, you can visit an <strong data-start=\"1085\" data-end=\"1105\">Estonian embassy<\/strong> in one of these cities instead of travelling to Estonia for share transactions or other notarised acts. This is especially convenient for <strong data-start=\"1244\" data-end=\"1259\">e-residents<\/strong>.<\/p>\n<hr data-start=\"1262\" data-end=\"1265\" \/>\n<h4 data-start=\"1267\" data-end=\"1288\">Choosing a notary<\/h4>\n<p data-start=\"1290\" data-end=\"1605\">You can log in to <a class=\"\" href=\"https:\/\/www.notar.ee\" target=\"_blank\" rel=\"noopener\" data-start=\"1308\" data-end=\"1340\">notar.ee<\/a> with your digital ID to choose a notary and schedule an appointment. <strong data-start=\"1410\" data-end=\"1445\">Notary fees are state-regulated<\/strong>, and the quality of service is consistent. You may want to choose one who is able to conduct the procedure in <strong data-start=\"1556\" data-end=\"1567\">English<\/strong> and supports the <strong data-start=\"1585\" data-end=\"1604\">e-notary scheme<\/strong>.<\/p>\n<hr data-start=\"1607\" data-end=\"1610\" \/>\n<h4 data-start=\"1612\" data-end=\"1646\">Additional rights and services<\/h4>\n<p data-start=\"1648\" data-end=\"1886\">Estonian law (\u00a7 30 and \u00a7 33 of the Notaries Act) gives you the right to <strong data-start=\"1720\" data-end=\"1802\">request that a notary submit documents to the Business Register on your behalf<\/strong>. If the notary <strong data-start=\"1818\" data-end=\"1843\">certifies the content<\/strong> of the application, their fee also covers:<\/p>\n<ul data-start=\"1888\" data-end=\"1999\">\n<li data-start=\"1888\" data-end=\"1914\">\n<p data-start=\"1890\" data-end=\"1914\"><strong data-start=\"1890\" data-end=\"1912\">Legal consultation<\/strong><\/p>\n<\/li>\n<li data-start=\"1915\" data-end=\"1959\">\n<p data-start=\"1917\" data-end=\"1959\"><strong data-start=\"1917\" data-end=\"1957\">Preparation of the draft application<\/strong><\/p>\n<\/li>\n<li data-start=\"1960\" data-end=\"1999\">\n<p data-start=\"1962\" data-end=\"1999\"><strong data-start=\"1962\" data-end=\"1999\">Guidance on applicable state fees<\/strong><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2001\" data-end=\"2179\" data-is-last-node=\"\" data-is-only-node=\"\">A notary can also help submit address changes to the <strong data-start=\"2054\" data-end=\"2077\">Population Register<\/strong> and file certain <strong data-start=\"2095\" data-end=\"2128\">activity licence applications<\/strong>, as listed in Annex 1 of the Notarial Regulations.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex min-h-[46px] justify-start\">\u00a0<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"thread-bottom-container\" class=\"relative isolate z-10 w-full basis-auto has-data-has-thread-error:pt-2 has-data-has-thread-error:[box-shadow:var(--sharp-edge-bottom-shadow)] md:border-transparent md:pt-0 dark:border-white\/20 md:dark:border-transparent content-fade flex flex-col\">\n<div id=\"thread-bottom\">\n<div class=\"text-base mx-auto [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[72rem]:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1\">\n<div class=\"max-xs:[--force-hide-label:none] relative z-1 flex h-full max-w-full flex-1 flex-col\">\u00a0<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p><\/p>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategories:\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/company-liquitation\/\">Company liquitation<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/general\/\">General<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-tags'>\n\t\n\tTags:\t\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/company-liquidation\/\">Company liquidation<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/e-notary\/\">e-Notary<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/estonia\/\">Estonia<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-ratings'>\n\t\n\t<div class='ewd-ufaq-ratings-label'>\n\t\tDid you find this FAQ helpful?\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-up-vote ewd-ufaq-ratings-default-image' data-faq_id='6295'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-up-icon.png\" alt=\"Thumbs Up Icon\">\t\t<span>0<\/span>\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-down-vote ewd-ufaq-ratings-default-image' data-faq_id='6295'>\n\t\t<img decoding=\"async\" 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0-3.153-.934-3.347-2.997h-.077c-1.208 1.986-2.96 2.997-5.023 2.997-2.532 0-4.36-1.868-4.36-5.062 0-4.75 3.503-9.07 9.11-9.07 1.713 0 3.7.4 4.6.972l-1.17 7.203c-.387 2.298-.115 3.3 1 3.4 1.674 0 3.774-2.102 3.774-6.58 0-5.06-3.27-8.994-9.304-8.994C9.05 2.87 3.83 7.545 3.83 14.97c0 6.5 4.2 10.2 10 10.202 1.987 0 4.09-.43 5.647-1.245l.634 2.22zM16.647 10.1c-.31-.078-.7-.155-1.207-.155-2.572 0-4.596 2.53-4.596 5.53 0 1.5.7 2.4 1.9 2.4 1.44 0 2.96-1.83 3.31-4.088l.592-3.72z' \/>\n\t\t\t<\/svg>\n\n\t\t<\/span>\n\n\t\t<span class='rrssb-text'>email<\/span>\n\n\t<\/a>\n\n<\/li>\t<\/ul>\n\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/single-faq\/using-an-e-notary\/'>\n\t\t\n\t\t\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div><div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-5942-roBzNnbd9D' data-post_id='5942'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tWhat ID cards can be used?\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<h4 id=\"tw-target-text\" class=\"tw-data-text tw-text-large tw-ta\" dir=\"ltr\" data-placeholder=\"Translation\" data-ved=\"2ahUKEwjf-Nr2qvOOAxWRCRAIHTcaBpAQ3ewLegQICRAV\" aria-label=\"Translated text: Identification methods\"><span class=\"Y2IQFc\" lang=\"en\" style=\"color: #ff6600\">Identification methods.<\/span><\/h4>\n<p data-start=\"62\" data-end=\"178\">The following forms of electronic identification are accepted for digital signing and access to Estonian e-services:<\/p>\n<ul data-start=\"180\" data-end=\"326\">\n<li data-start=\"180\" data-end=\"235\">\n<p data-start=\"182\" data-end=\"235\">Estonian ID card<\/p>\n<\/li>\n<li data-start=\"236\" data-end=\"266\">\n<p data-start=\"238\" data-end=\"266\">Estonian e-Residency card<\/p>\n<\/li>\n<li data-start=\"267\" data-end=\"288\">\n<p data-start=\"269\" data-end=\"288\">Estonian Smart-ID<\/p>\n<\/li>\n<li data-start=\"289\" data-end=\"326\">\n<p data-start=\"291\" data-end=\"326\">Estonian Mobile-ID<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"328\" data-end=\"550\" data-is-last-node=\"\" data-is-only-node=\"\">For the most up-to-date list and technical requirements, visit <a class=\"\" href=\"https:\/\/www.id.ee\/en\/\" target=\"_blank\" rel=\"noopener\" data-start=\"391\" data-end=\"425\">www.id.ee<\/a>.<br data-start=\"426\" data-end=\"429\" \/>Please note that accepted identification methods may change over time, so it&#8217;s important to stay informed of any updates.<\/p>\n<p><strong>Additional info:<\/strong><\/p>\n<p><iframe loading=\"lazy\" title=\"How to use e Residency Digital ID Card\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/qPIxhFZcP_Y?start=18&#038;feature=oembed\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategories:\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/annual-report\/\">Annual report<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/company-formation\/\">Company formation<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/company-liquitation\/\">Company liquitation<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/contact-person\/\">Contact person<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/eori-number\/\">EORI number<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/formation-of-a-nonprofit-association\/\">Formation of a nonprofit association<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/ioss\/\">IOSS<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/package-one\/\">Package ONE<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/package-three\/\">Package THREE<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/package-two\/\">Package TWO<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/trademark-registration\/\">Trademark registration<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/vat-number\/\">VAT number<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-tags'>\n\t\n\tTags:\t\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/estonia\/\">Estonia<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/id-card\/\">ID card<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/mobile-id\/\">Mobile ID<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-ratings'>\n\t\n\t<div class='ewd-ufaq-ratings-label'>\n\t\tDid you find this FAQ helpful?\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-up-vote ewd-ufaq-ratings-default-image' data-faq_id='5942'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-up-icon.png\" alt=\"Thumbs Up Icon\">\t\t<span>6<\/span>\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-down-vote ewd-ufaq-ratings-default-image' data-faq_id='5942'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-down-icon.png\" alt=\"Thumbs Down Icon\">\t\t<span>0<\/span>\n\t<\/div>\n<\/div>\n\n<div class='ewd-ufaq-clear'><\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-social-links'>\n\n\t<span class='ewd-ufaq-social-links-label'>\n\t\tShare\t<\/span>\n\t\n\t<ul class='rrssb-buttons'>\n\t\t<li class='rrssb-email'>\n\n\t<a href='mailto:?subject=Check+out+this+helpful+FAQ&amp;body=What+ID+cards+can+be+used%3F+%7C+https%3A%2F%2Fvirtualofficeinestonia.com%2Fet%2Fufaqs%2Fare-company-liquidation-and-bankruptcy-the-same%2Fsingle-faq%2Fwhat-id-cards-can-be-used%2F'>\n\n\t\t<span class='rrssb-icon'>\n\n\t\t\t<svg xmlns='http:\/\/www.w3.org\/2000\/svg' width='28' height='28' viewBox='0 0 28 28'>\n\t\t\t\t<path d='M20.11 26.147c-2.335 1.05-4.36 1.4-7.124 1.4C6.524 27.548.84 22.916.84 15.284.84 7.343 6.602.45 15.4.45c6.854 0 11.8 4.7 11.8 11.252 0 5.684-3.193 9.265-7.398 9.3-1.83 0-3.153-.934-3.347-2.997h-.077c-1.208 1.986-2.96 2.997-5.023 2.997-2.532 0-4.36-1.868-4.36-5.062 0-4.75 3.503-9.07 9.11-9.07 1.713 0 3.7.4 4.6.972l-1.17 7.203c-.387 2.298-.115 3.3 1 3.4 1.674 0 3.774-2.102 3.774-6.58 0-5.06-3.27-8.994-9.304-8.994C9.05 2.87 3.83 7.545 3.83 14.97c0 6.5 4.2 10.2 10 10.202 1.987 0 4.09-.43 5.647-1.245l.634 2.22zM16.647 10.1c-.31-.078-.7-.155-1.207-.155-2.572 0-4.596 2.53-4.596 5.53 0 1.5.7 2.4 1.9 2.4 1.44 0 2.96-1.83 3.31-4.088l.592-3.72z' \/>\n\t\t\t<\/svg>\n\n\t\t<\/span>\n\n\t\t<span class='rrssb-text'>email<\/span>\n\n\t<\/a>\n\n<\/li>\t<\/ul>\n\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/single-faq\/what-id-cards-can-be-used\/'>\n\t\t\n\t\t\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div><div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-6375-6ma93zQ95d' data-post_id='6375'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tHow long does liquidation take?\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<h4><span style=\"color: #ff6600\">It&#8217;s about half a year.<\/span><\/h4>\n<p data-start=\"49\" data-end=\"186\">For a private limited company, the absolute minimum is <strong data-start=\"117\" data-end=\"131\">six months<\/strong>\u2014but only if all statutory steps are completed on time.<\/p>\n<ul data-start=\"188\" data-end=\"496\">\n<li data-start=\"188\" data-end=\"360\">\n<p data-start=\"190\" data-end=\"360\">The clock starts when the <strong data-start=\"216\" data-end=\"269\">dissolution is entered in the Commercial Register<\/strong> <em data-start=\"270\" data-end=\"275\">and<\/em> the liquidation notice is published in the state gazette <strong data-start=\"333\" data-end=\"357\">Ametlikud Teadaanded<\/strong>.<\/p>\n<\/li>\n<li data-start=\"361\" data-end=\"496\">\n<p data-start=\"363\" data-end=\"496\">At least <strong data-start=\"372\" data-end=\"396\">four months<\/strong> must elapse after shareholders are notified of the final balance sheet and asset distribution plan.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"498\" data-end=\"681\" data-is-last-node=\"\" data-is-only-node=\"\">If all filings, creditor notices, and tax clearances are handled promptly, the process can be wrapped up in roughly half a year; any outstanding requirements will extend the timeline.<\/p>\n<p data-start=\"498\" data-end=\"681\" data-is-last-node=\"\" data-is-only-node=\"\"><span style=\"color: #ff6600\">However, in certain cases, we can offer a <strong data-start=\"530\" data-end=\"574\">fast solution within a few business days<\/strong>: we purchase the shares and take over management of the company, after which we proceed with the dissolution in accordance with Estonian legal procedures.<\/span> This option may be suitable for clients who need a faster exit or cannot manage the liquidation process themselves. We will first assess eligibility and confirm the applicable solution.<\/p>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategory:\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/company-liquitation\/\">Company liquitation<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-tags'>\n\t\n\tTags:\t\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/company-liquidation\/\">Company liquidation<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/estonia\/\">Estonia<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/eu\/\">EU<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-ratings'>\n\t\n\t<div class='ewd-ufaq-ratings-label'>\n\t\tDid you find this FAQ helpful?\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-up-vote ewd-ufaq-ratings-default-image' data-faq_id='6375'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-up-icon.png\" alt=\"Thumbs Up Icon\">\t\t<span>3<\/span>\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-down-vote ewd-ufaq-ratings-default-image' data-faq_id='6375'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-down-icon.png\" alt=\"Thumbs Down Icon\">\t\t<span>0<\/span>\n\t<\/div>\n<\/div>\n\n<div class='ewd-ufaq-clear'><\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-social-links'>\n\n\t<span class='ewd-ufaq-social-links-label'>\n\t\tShare\t<\/span>\n\t\n\t<ul class='rrssb-buttons'>\n\t\t<li class='rrssb-email'>\n\n\t<a href='mailto:?subject=Check+out+this+helpful+FAQ&amp;body=How+long+does+liquidation+take%3F+%7C+https%3A%2F%2Fvirtualofficeinestonia.com%2Fet%2Fufaqs%2Fare-company-liquidation-and-bankruptcy-the-same%2Fsingle-faq%2Fhow-long-does-the-liquidation-last%2F'>\n\n\t\t<span class='rrssb-icon'>\n\n\t\t\t<svg xmlns='http:\/\/www.w3.org\/2000\/svg' width='28' height='28' viewBox='0 0 28 28'>\n\t\t\t\t<path d='M20.11 26.147c-2.335 1.05-4.36 1.4-7.124 1.4C6.524 27.548.84 22.916.84 15.284.84 7.343 6.602.45 15.4.45c6.854 0 11.8 4.7 11.8 11.252 0 5.684-3.193 9.265-7.398 9.3-1.83 0-3.153-.934-3.347-2.997h-.077c-1.208 1.986-2.96 2.997-5.023 2.997-2.532 0-4.36-1.868-4.36-5.062 0-4.75 3.503-9.07 9.11-9.07 1.713 0 3.7.4 4.6.972l-1.17 7.203c-.387 2.298-.115 3.3 1 3.4 1.674 0 3.774-2.102 3.774-6.58 0-5.06-3.27-8.994-9.304-8.994C9.05 2.87 3.83 7.545 3.83 14.97c0 6.5 4.2 10.2 10 10.202 1.987 0 4.09-.43 5.647-1.245l.634 2.22zM16.647 10.1c-.31-.078-.7-.155-1.207-.155-2.572 0-4.596 2.53-4.596 5.53 0 1.5.7 2.4 1.9 2.4 1.44 0 2.96-1.83 3.31-4.088l.592-3.72z' \/>\n\t\t\t<\/svg>\n\n\t\t<\/span>\n\n\t\t<span class='rrssb-text'>email<\/span>\n\n\t<\/a>\n\n<\/li>\t<\/ul>\n\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/single-faq\/how-long-does-the-liquidation-last\/'>\n\t\t\n\t\t\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div><div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-6224-6thnChcpEy' data-post_id='6224'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tCan I liquidate my company remotely if I am abroad?\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<h4><span style=\"color: #ff6600\">Yes, in most cases, company liquidation can be handled fully remotely. <\/span><\/h4>\n<p>We prepare the required documents and guide you through the signing process using Estonia\u2019s digital identity tools (e-Residency card, ID card, Smart-ID, or Mobile-ID).<\/p>\n<p>If some steps require additional verification, we will advise the most practical legal option for remote completion.<\/p>\n<p>You do not need to travel to Estonia in standard cases.<\/p>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategory:\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/company-liquitation\/\">Company liquitation<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-tags'>\n\t\n\tTags:\t\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/company\/\">Company<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/e-r\/\">E-r<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/estonia\/\">Estonia<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-tag\/liquatation\/\">Liquatation<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-ratings'>\n\t\n\t<div class='ewd-ufaq-ratings-label'>\n\t\tDid you find this FAQ helpful?\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-up-vote ewd-ufaq-ratings-default-image' data-faq_id='6224'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-up-icon.png\" alt=\"Thumbs Up Icon\">\t\t<span>1<\/span>\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-down-vote ewd-ufaq-ratings-default-image' data-faq_id='6224'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-down-icon.png\" alt=\"Thumbs Down Icon\">\t\t<span>0<\/span>\n\t<\/div>\n<\/div>\n\n<div class='ewd-ufaq-clear'><\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-social-links'>\n\n\t<span class='ewd-ufaq-social-links-label'>\n\t\tShare\t<\/span>\n\t\n\t<ul class='rrssb-buttons'>\n\t\t<li class='rrssb-email'>\n\n\t<a href='mailto:?subject=Check+out+this+helpful+FAQ&amp;body=Can+I+liquidate+my+company+remotely+if+I+am+abroad%3F+%7C+https%3A%2F%2Fvirtualofficeinestonia.com%2Fet%2Fufaqs%2Fare-company-liquidation-and-bankruptcy-the-same%2Fsingle-faq%2Fi-am-abroad-i-want-to-liquidate-my-companies-i-cant-come-to-estonia%2F'>\n\n\t\t<span class='rrssb-icon'>\n\n\t\t\t<svg xmlns='http:\/\/www.w3.org\/2000\/svg' width='28' height='28' viewBox='0 0 28 28'>\n\t\t\t\t<path d='M20.11 26.147c-2.335 1.05-4.36 1.4-7.124 1.4C6.524 27.548.84 22.916.84 15.284.84 7.343 6.602.45 15.4.45c6.854 0 11.8 4.7 11.8 11.252 0 5.684-3.193 9.265-7.398 9.3-1.83 0-3.153-.934-3.347-2.997h-.077c-1.208 1.986-2.96 2.997-5.023 2.997-2.532 0-4.36-1.868-4.36-5.062 0-4.75 3.503-9.07 9.11-9.07 1.713 0 3.7.4 4.6.972l-1.17 7.203c-.387 2.298-.115 3.3 1 3.4 1.674 0 3.774-2.102 3.774-6.58 0-5.06-3.27-8.994-9.304-8.994C9.05 2.87 3.83 7.545 3.83 14.97c0 6.5 4.2 10.2 10 10.202 1.987 0 4.09-.43 5.647-1.245l.634 2.22zM16.647 10.1c-.31-.078-.7-.155-1.207-.155-2.572 0-4.596 2.53-4.596 5.53 0 1.5.7 2.4 1.9 2.4 1.44 0 2.96-1.83 3.31-4.088l.592-3.72z' \/>\n\t\t\t<\/svg>\n\n\t\t<\/span>\n\n\t\t<span class='rrssb-text'>email<\/span>\n\n\t<\/a>\n\n<\/li>\t<\/ul>\n\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/single-faq\/i-am-abroad-i-want-to-liquidate-my-companies-i-cant-come-to-estonia\/'>\n\t\t\n\t\t\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div><div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-5897-v4sE5d8l3o' data-post_id='5897'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tAssisting with liquidation if the company has debts or court proceedings?\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<h4><span style=\"color: #ff6600\">Yes, we can assist, but first we must assess whether liquidation is legally possible in your case. <\/span><\/h4>\n<p>If a company has significant debt, enforcement actions, or court proceedings, voluntary liquidation may not be permitted or may not be the best solution.<\/p>\n<p>In such situations, insolvency or restructuring may be required before closure. We provide an initial review and recommend the safest and legally correct pathway.<\/p>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategory:\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/faq-category\/company-liquitation\/\">Company liquitation<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-ratings'>\n\t\n\t<div class='ewd-ufaq-ratings-label'>\n\t\tDid you find this FAQ helpful?\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-up-vote ewd-ufaq-ratings-default-image' data-faq_id='5897'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-up-icon.png\" alt=\"Thumbs Up Icon\">\t\t<span>1<\/span>\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-down-vote ewd-ufaq-ratings-default-image' data-faq_id='5897'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-down-icon.png\" alt=\"Thumbs Down Icon\">\t\t<span>0<\/span>\n\t<\/div>\n<\/div>\n\n<div class='ewd-ufaq-clear'><\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-social-links'>\n\n\t<span class='ewd-ufaq-social-links-label'>\n\t\tShare\t<\/span>\n\t\n\t<ul class='rrssb-buttons'>\n\t\t<li class='rrssb-email'>\n\n\t<a href='mailto:?subject=Check+out+this+helpful+FAQ&amp;body=Assisting+with+liquidation+if+the+company+has+debts+or+court+proceedings%3F+%7C+https%3A%2F%2Fvirtualofficeinestonia.com%2Fet%2Fufaqs%2Fare-company-liquidation-and-bankruptcy-the-same%2Fsingle-faq%2Fwhether-to-assist-in-the-liquidation-of-a-company-with-large-debts-and-court-proceedings%2F'>\n\n\t\t<span class='rrssb-icon'>\n\n\t\t\t<svg xmlns='http:\/\/www.w3.org\/2000\/svg' width='28' height='28' viewBox='0 0 28 28'>\n\t\t\t\t<path d='M20.11 26.147c-2.335 1.05-4.36 1.4-7.124 1.4C6.524 27.548.84 22.916.84 15.284.84 7.343 6.602.45 15.4.45c6.854 0 11.8 4.7 11.8 11.252 0 5.684-3.193 9.265-7.398 9.3-1.83 0-3.153-.934-3.347-2.997h-.077c-1.208 1.986-2.96 2.997-5.023 2.997-2.532 0-4.36-1.868-4.36-5.062 0-4.75 3.503-9.07 9.11-9.07 1.713 0 3.7.4 4.6.972l-1.17 7.203c-.387 2.298-.115 3.3 1 3.4 1.674 0 3.774-2.102 3.774-6.58 0-5.06-3.27-8.994-9.304-8.994C9.05 2.87 3.83 7.545 3.83 14.97c0 6.5 4.2 10.2 10 10.202 1.987 0 4.09-.43 5.647-1.245l.634 2.22zM16.647 10.1c-.31-.078-.7-.155-1.207-.155-2.572 0-4.596 2.53-4.596 5.53 0 1.5.7 2.4 1.9 2.4 1.44 0 2.96-1.83 3.31-4.088l.592-3.72z' \/>\n\t\t\t<\/svg>\n\n\t\t<\/span>\n\n\t\t<span class='rrssb-text'>email<\/span>\n\n\t<\/a>\n\n<\/li>\t<\/ul>\n\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/are-company-liquidation-and-bankruptcy-the-same\/single-faq\/whether-to-assist-in-the-liquidation-of-a-company-with-large-debts-and-court-proceedings\/'>\n\t\t\n\t\t\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div><div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-5900-DOaNqhdThi' data-post_id='5900'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tAre company liquidation and bankruptcy the same?\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<h4><span style=\"color: #ff6600\">No \u2014 liquidation and bankruptcy are two different legal procedures. <\/span><\/h4>\n<p>Liquidation is typically used when a company can settle its obligations and close in an orderly manner.<\/p>\n<p>Bankruptcy occurs when a company is insolvent and cannot pay its debts, requiring formal insolvency proceedings.<\/p>\n<p>Choosing the correct procedure is important to avoid legal liability for management.<\/p>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategory:\n\t\n\t\t<a 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