- Buying or consolidating your shares
- All paperwork
- Government fee
- Public Notary fee
An Estonian company can be liquidated voluntary or compulsory.
The voluntary decision is taken by the general meeting of the shareholders, while the compulsory liquidation is taken by the court.
Usually, the whole process of covering the claims of the creditors and the process of dividing the remaining assets to the shareholders takes around six months but the whole process of cancelation from the Commercial registers may take longer depending on the size of the company and the way was liquidated, voluntary or compulsory.
We get you rid of the company in one day, and that’s it, you can go on.
Company liquitation (9)
It needs to be raised 🙂
Estonian Commercial Code:
§ 176. Decrease in property
If a private limited company has less than half of its share capital or less than the amount of share capital specified in § 136 of this Code or the other minimum amount of share capital provided by law, the shareholders shall decide:
1) reduction or increase of share capital, provided that the amount of net assets would thereby form at least half of the share capital and at least the amount of share capital specified in § 136 of this Code or other minimum amount of share capital provided by law, or taking other measures as a result of which the amount of the net assets of the private limited company would be at least half of the share capital and at least the amount of share capital specified in § 136 of this Code or other minimum amount of share capital provided by law;
2) the dissolution, merger, division or transformation of a private limited company, or
3) submission of a bankruptcy petition.
If you cannot come to visit an Estonian notary, you cannot visit an e-notary, then the only way to conduct the whole process by power of attorney.
The sample power of attorney will be sent to you automatically with the order confirmation. You can add the necessary information there, legalize it and send it back to us.
Yes, it’s possible.
A private limited company or public limited company may, as a company being acquired, merge with the assets of a natural person (acquiring natural person) who is the sole shareholder of the company.
The merger is permitted also in case the shares are in the joint ownership of the spouses. The merger of a private limited company or public limited company with the assets of the company’s shareholder who is a natural person is permitted also in case in addition to this shareholder the shares of a private limited company or public limited company being acquired are held exclusively by the company itself.
The assets of a company being acquired, including its obligations, shall transfer to the acquiring company upon merger.
The merger will take place without liquidation proceedings. So it’s faster than conventional liquidation.
The merger process between a natural person and her/his company takes far less than the conventional liquidation – about 2-4 months.