Description
Service Package Includes:
- Balance Sheet
A comprehensive balance sheet detailing your company’s financial position. - Profit and Loss Statement
An overview of your company’s revenues and expenses over a specific period. - Cash Flow Statement
A report outlining the inflows and outflows of cash, providing insights into liquidity. - Activity Report
A detailed report summarizing your company’s activities and performance. - Submission to the Business Register
All necessary documents will be uploaded directly to the business register on your behalf. - Transparent Pricing
There are no hidden costs, including state fees or additional charges.
Service Details:
- Payment: One-time payment
- Eligibility: This service is ideal for businesses with little to no turnover, no employees, or minimal economic activity.
- Document Handling: If your business generates fewer than 10 source documents per month, this service is suitable.
- Representation Rights
To submit the necessary reports, the accountant must be authorized to file them with the business register. A detailed instruction manual will be automatically sent along with your order confirmation to guide you through the process.
Identification requirements:
The entire process takes place in the e-environment of the commercial register. This requires an Estonian e-resident card, Estonian ID Card, Mobile ID, or Smart ID.
Alternative solution
We can utilize a Power of Attorney if these options are unavailable. To do this, you must send us an apostilled power of attorney issued by a notary in your local country. A sworn translator will translate it in Estonia to comply with local legislation.
FAQ
Submission of the annual report is mandatory in any case.
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. To change the FY you must submit a shareholders’ resolution and amend the articles in the Business Register before the new FY starts.
1. What must be included?
Estonian GAAP (Estonia’s Good Accounting Practice) recognises four size categories. Reporting requirements scale with size:
The size of the company determines which statements are required: micro-entities file only the balance sheet and income statement, whereas small entities add a cash-flow statement and management report, and larger ones include changes in equity and often an audit.
Most of our clients fall under micro or small category.
2. 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.
3. Best‑practice timeline (calendar‑year FY)
| Month | Task |
| Jan‑Feb | Close previous FY in accounting; 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.
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.
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