Virtual Office FAQ

In order to be entered in the commercial register of a private limited company, the management board shall submit an application to the commercial register which sets out the information specified in § 145 of this Code.

The application shall be accompanied by a statement from the credit institution or the paying agent concerning the payment of share capital where, under the Treaty, contributions are to be made before the private limited company is entered in the commercial register.

Categories: Accounting, Company

If your company has no revenue coming in, and no activity taking place, you can consider hibernating your company for a while to consider your next steps. This lowers your fee to 19 EUR a month until you want to get started again. As soon as your company starts making revenue, or you’re actively using it, your fee will return to the normal monthly price.

 

Category: Accounting

If you have 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.

When the annual report is not submitted, then the Business Register may decide to delete the company.

Category: Accounting

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

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 legal person or decide on its dissolution or liquidation.

Category: Accounting

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