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Company termination

249.00

Product includes:

  • Preparation of liquidation application to the business register
  • Publication of the notice on the government portal
  • State fee
  • Preparation of the final balance sheet
  • Preparation of a notice of deletion from the business register

Description

  • An Estonian company can be liquidated voluntarily or compulsorily, the voluntary decision is taken by the general meeting of the shareholders, while the compulsory liquidation is taken by the court.
  • 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 Estonian Business Registry may take longer depending on the size of the company and the way was liquidated, voluntary or compulsory.
  • The prerequisite for performing the service is the existence of the following identification solutions: Estonian, Latvian, Lithuanian, and Belgium ID-Card/Estonian e-resident card/Estonian and Lithuanian Mobile-ID.
  • Without the above cards, liquidation will be carried on with Power of Attorney or with Public Notary verification. Additional costs will be added.

FAQ

The Estonian Commercial Code states that it needs to be raised.

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 the law, the shareholders shall decide:

1) Reduction or increase of share capital

2) The dissolution, merger, division or transformation of a private limited company

3) Submission of a bankruptcy petition

We can help with the terminal liquidation process.

Please take a closer look at our respective service:

Company termination

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