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Annual report
290.00€
Comprehensive Annual Report Service: we prepare your activity report, balance sheet, income statement, and cash flow statement, handling up to 100 accounting entries. Once complete, we submit everything directly to the Estonian Business Register—accurate, efficient, and stress-free!
Description
Product includes:
- Activity report
- Balance sheet
- Income statement
- Cash Flow statement
- Activity report
- Organizational accounting, up to 100 entries
- Submitting the data to Estonian Business Register
One-Time Payment Accounting Service
If your company’s annual turnover is less than 40,000 EUR, you don’t pay monthly salaries, have a low volume of transactions, and are not subject to auditor evaluation, you may only need accounting services once a year for the preparation of your Annual Report.
Our Annual Report Service is tailored for businesses like yours. We will ensure that your accounts are properly organized for the financial year, even if accounting hasn’t been maintained throughout the year. This service includes put-in order accounting, where we will prepare your financials as needed. However, if the number of entries exceeds 100, any additional work will be quoted and charged separately.
This solution provides a hassle-free way to meet your annual reporting obligations, ensuring compliance while saving time and effort.
Representation Rights
To facilitate the registration process, it is necessary to grant us representation rights. This requires possession of an Estonian, Latvian, Lithuanian, or Belgian ID card, an Estonian e-resident card, or an Estonian and Lithuanian Mobile ID. We can utilize a Power of Attorney if these options are unavailable.
FAQ
Annual report (5)
It has to be prepared in Estonian and in the currency officially applicable in Estonia (EUR).
It can be done remotely.
If you have an Estonian e-residency card, Estonian Mobile ID, or other suitable cards.
Please take a closer look at our respective service:
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Annual report
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The court maintaining the register has the right to repeatedly and without warning to punish the undertaking and all persons required to submit the data for failure to submit the report on time.
The fine is determined to the extent provided for in the Code of Civil Procedure.
If the report has not been submitted within 18 months after the end of the financial year, the court which maintains the register shall delete the register of a legal person or decide on its dissolution or liquidation.
We can help.
It can be done remotely. If you have an Estonian e-residency card. Please take a closer look at our respective service:
Category:
Annual report
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Upon order and payment services are activated in 24 hours.
However, please note that in certain cases, such as when a signed contract and KYC documents are required, the activation of the service may be subject to the timely provision of these additional materials.
Our team will promptly inform you of any such requirements and work with you to ensure a smooth and efficient activation process.
Categories:
Annual report,
Company formation,
Company liquitation,
Formation of a nonprofit association,
Package ONE,
Package THREE,
Package TWO
3
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If you have an Estonian company then submitting an annual report is required for all companies registered in Estonia even if there is no activity during the financial year.
It can be done remotely. If you have an Estonian e-resideny card. Please take a closer look at our respective service:
Category:
Annual report
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Every Estonian legal entity – including micro‑sized OÜs owned by e‑residents – must file an annual report (majandusaasta aruanne) with the Business Register within 6 months after the end of its financial year (Commercial Code § 60).
Typical deadline: If your financial year = calendar year, the report is due 30 June of the following year.
1. Financial‑year basics
| Scenario | Financial year | Filing deadline |
|---|---|---|
| Standard case | 01 Jan – 31 Dec | 30 Jun next year |
| Non‑calendar FY (e.g. 01 Jul – 30 Jun) | Custom period | 6 months after FY end |
| First FY after incorporation | Incorporation date → chosen FY end (max 18 months) | 6 months after FY end |
To change the FY you must submit a shareholders’ resolution and amend the articles in the Business Register before the new FY starts.
2. What must be included?
Estonian GAAP (Estonia’s Good Accounting Practice) recognises four size categories. Reporting requirements scale with size:
| Size class | Thresholds (any two exceeded → next class) | Core statements | Notes & other disclosures | Management report |
| Micro | • Assets ≤ €175 k | |||
| • Revenue ≤ €50 k | ||||
| • Liabilities ≤ equity | ||||
| • 1 shareholder who is also sole director | – Balance sheet | |||
| – Income statement | – Accounting policies | |||
| – Employee count | ||||
| – Related‑party info | Not required | |||
| Small | • Assets ≤ €4 m | |||
| • Revenue ≤ €8 m | ||||
| • Employees ≤ 50 (avg) | + Cash‑flow stmt (optional if indirect method impractical) | Full set of notes per Accounting Act | Yes | |
| Medium | Assets ≤ €20 m; Revenue ≤ €40 m; Employees ≤ 250 | – BS, IS, CF, Equity changes | Notes + management report | Yes + Auditor if 2/3 thresholds exceeded |
| Large | Exceeds medium | Same as medium | Notes + mgmt report | Yes + Statutory audit |
Most of our clients fall under micro or small category.
3. Penalties for late filing
| Delay | Sanction |
| Up to 3 months | Warning letter & initial fine (typically €200–€300) |
| Over 3 months | Repeated coercive fines up to €3 200 total |
| Persistent non‑compliance | Court‑ordered compulsory dissolution of the company |
Late filing also raises red flags with banks and partners; keep your compliance record clean.
4. Best‑practice timeline (calendar‑year FY)
| Month | Task |
| Jan‑Feb | Close previous FY in accounting software; reconcile balances |
| Mar | Draft financial statements; collect supporting documents |
| Apr | Management review; prepare notes & management report |
| May | Board approves package; send to auditor (if required) |
| Jun | Shareholders’ meeting adopts the report; board member signs; submit by 30 Jun |
Submitting early avoids last‑minute e‑system congestion.
5. Key accounting frameworks
- Accounting Act – bookkeeping, source documents, reporting.
- Estonia’s Good Accounting Practice – national GAAP.
- Accounting Board guidelines – interpretations & detailed rules.
Solid day‑to‑day bookkeeping is the foundation of a clean annual report. We help micro and small OÜs keep ledgers in shape and file on time.
Need assistance? Contact us for a fixed‑fee quote.
This overview is for general information only and not legal advice. Always check current laws and the Business Register instructions.
Categories:
Accounting,
Annual report
4
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