The information you need to provide in the annual report depends on the size of the company. For example, small businesses are required to provide an activity report, balance sheet, income statement, and specifically required notes.

A micro-enterprise is a private limited company with total assets of up to 175 thousand euros, liabilities not exceeding equity, and annual sales revenue of up to 50 thousand euros. The micro-enterprise has one shareholder who is also a member of the management board. The micro-enterprise does not have to submit an activity report in the annual report and the number of annexes is also minimal.

A small company is a company with total assets of up to 4 million euros, annual sales of up to 8 million euros, and an average number of employees of up to 50 people, one of which may be exceeded.

An annual report is the company’s financial statement of the past financial year. All legal entities need to submit an annual report in Estonia – which of course includes companies owned by e-residents. Under the Commercial Code (see § 60), it’s mandatory to submit the report even if the company doesn’t have any activities during the financial year. It must be prepared in Estonian and in the official currency (EUR).

The deadline is six months after the financial year is over. But it is always wise to do it as early as possible. Submit your annual report online at the e-Business Register using your e-Residency digital ID or SmartID.

In most cases, the financial year is the same as the calendar year in which case the deadline is the last day of June.

In special cases, a different period may be set for the financial year.

Submitting an annual report is mandatory for all the companies registered in Estonia, within 6 months from the end of the company’s financial year.

It has to be prepared in Estonian and in the currency officially applicable in Estonia (EUR).

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.

The preparation and submission of the annual report of a micro-enterprise on the enterprise portal of the commercial register is an annual operation of the enterprise. Even a micro-enterprise, which can handle simpler accounting itself, may get somewhat confused when submitting its annual report on the enterprise portal. This is because, without knowing the environment, entering a report in some places raises the question of where to go now, which I still have to do here.

https://veebisekretar.ee/mikroettevotte-aastaaruande-koostamine

By logging in to the e-Business Register, the first page will show the companies that are related to you. There you can also give your digital signature for accountant confirmation for the company.

The step by step manual is added to your order confirmation.

After ordering the accounting and the contract has been made, you will be sent a personal e-mail address. All source documents must be sent there.

They are checked and uploaded to the accounting software if appropriate.

Upon receipt of the payment, our team will endeavor to activate the service within 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.

Yes.

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.