Virtual Office FAQ
Yes, this must be done in the so-called official notices, after the liquidation decision has been submitted to the Estonian Business Registry. Adding it there or instructing to do it is included in the price of our service. Estonian notaries have launched an e-notary service so that company owners can visit an Estonian Embassy abroad to transfer shares, instead of at a notary office in Estonia. You can read more about this on the e-Residency blog here. You can choose a notary by logging in with your digital ID at notar.ee. Don’t worry too much about which one to choose, as long as they can conduct the transaction in English and are part of the e-notary scheme. Notary fees are regulated by law and they all provide the same good quality of service. In the self-service you can: You can use e-Notary in: In the self-service you can: What is the address of the e-notary? The liquidators shall immediately publish a notice of the liquidation proceedings of the private limited company in the official publication Ametlikud Teadaanded. The notice of liquidation must state that the creditors if they exist, must submit their claims within four months of the publication of the notice. It is important to note that this timeline is dependent on all necessary requirements being fulfilled within this timeframe. A private limited company can be dissolved by a resolution of the shareholders, a court decision, bankruptcy or other conditions specially specified for that purpose in the articles of association. 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. Consent is given in the form of a digital signature in the e-environment of the Estonian Commercial Register. Before that, the person must be added as a contact person for the company being established or already in the respective environment. The signature is given in the digital form. Estonian notaries have launched an e-notary service so that company owners can visit an Estonian Embassy abroad to transfer shares, instead of at a notary office in Estonia. You can read more about this on the e-Residency blog here. You can choose a notary by logging in with your digital ID at notar.ee. Don’t worry too much about which one to choose, as long as they can conduct the transaction in English and are part of the e-notary scheme. Notary fees are regulated by law and they all provide the same good quality of service. In the self-service you can: You can use e-Notary in: In the self-service you can: What is the address of the e-notary? Only the paid-in share capital can be returned. The authorized capital and the funds remaining in the bank account can be returned to the owner 4 months after the start of the liquidation process. This is intended to be published at www.ametlikudteadaanded.ee Example: …………… OÜ (registrikood ……………) (likvideerimisel) avaldab teadaande äriseadustiku (ÄS) § 212 lõike 1 alusel. Võimalikele võlausaldajatele teatatakse ………….. OÜ (likvideerimisel) likvideerimismenetlusest. Võlausaldajatel palume esitada oma nõuded nelja kuu jooksul käesoleva teate avaldamisest (ÄS § 212 lg 3) These steps include the following: By adhering to these mandatory steps, entities can ensure that their liquidation process is carried out in compliance with legal requirements and regulations, ultimately minimizing any potential legal implications or consequences. Consent is given in the form of a digital signature in the e-environment of the Estonian Commercial Register. Before that, the person must be added as a contact person for the company being established or already in the respective environment. The signature is given in the digital form.
Company liquitation (6)
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The fastest timeline for completing the liquidation of a private limited company in Estonia is six months after the entry of the dissolution in the commercial register and publication of the liquidation notice, as well as three months after notifying shareholders of the final balance sheet and asset distribution plan.
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Contact person (1)
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General (1)
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Liquidation (3)
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There exist mandatory steps that must be undertaken in accordance with the law, pertaining to the liquidation of a company.
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Package TWO (1)
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