{"id":6369,"date":"2020-09-05T21:55:22","date_gmt":"2020-09-05T18:55:22","guid":{"rendered":"http:\/\/virtualofficeinestonia.com\/?post_type=product&#038;p=6369"},"modified":"2025-12-27T18:18:34","modified_gmt":"2025-12-27T16:18:34","slug":"company-termination","status":"publish","type":"product","link":"https:\/\/virtualofficeinestonia.com\/et\/product\/company-termination\/","title":{"rendered":"Company termination"},"content":{"rendered":"<h3><span style=\"color: #ff6600;\"><strong>Service Description:<\/strong><\/span><\/h3>\n<ul>\n<li>Preparation and submission of the liquidation application to the Estonian Business Register<\/li>\n<li>Publication of the liquidation notice on the official government portal<\/li>\n<li>Payment of the required state fee<\/li>\n<li>Preparation of the final balance sheet and consolidated financial report<\/li>\n<li>Drafting and submission of the notice of deletion from the Business Register<\/li>\n<\/ul>\n<h3><span style=\"color: #ff6600;\"><strong>Company Liquidation in Estonia<\/strong><\/span><\/h3>\n<p>An Estonian company can be liquidated either voluntarily or through compulsory measures. A voluntary liquidation is initiated by a decision of the general meeting of shareholders, while a compulsory liquidation is mandated by the court.<\/p>\n<p>The entire process, which involves settling creditor claims and distributing any remaining assets to shareholders, typically takes around six months. However, the final removal of the company from the Estonian Business Registry may take longer, depending on the company\u2019s size and whether the liquidation was voluntary or court-ordered.<\/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<hr \/>\n<h3><span style=\"color: #ffcc00;\">FAQ<\/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\/6369' 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-BaIdqdmGHu' 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-6295-7dqFtomoNF' 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 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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-rod2ycAyzl' 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-bL1pLskvJs' 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-b5cDrIRSU0' 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-5897-7r25RcD90a' 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-5900-2M3UQ6BOkP' 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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handle every step of your company\u2019s liquidation process: preparing and submitting the application, publishing the liquidation notice, paying the state fee, drafting the final balance sheet and financial report, and filing the deletion notice with the Estonian Business Register. Stress-free and professionally managed!<\/p>\n<p>&nbsp;<\/p>","protected":false},"featured_media":6394,"template":"","meta":{"jetpack_post_was_ever_published":false},"product_brand":[],"product_cat":[283],"product_tag":[401,515,306,402,584],"class_list":{"0":"post-6369","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-additional-services","7":"product_tag-company","8":"product_tag-e-residency","9":"product_tag-estonia","10":"product_tag-liguitation","11":"product_tag-ter","13":"first","14":"instock","15":"downloadable","16":"virtual","17":"sold-individually","18":"purchasable","19":"product-type-simple"},"jetpack_likes_enabled":false,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/product\/6369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/types\/product"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/media\/6394"}],"wp:attachment":[{"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/media?parent=6369"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/product_brand?post=6369"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/product_cat?post=6369"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/product_tag?post=6369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}