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
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.
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