Liquidation

• consultation regarding the specifics of liquidation
• preparation of a shareholder resolution regarding liquidation
• drafting the liquidation petition for the e-Business Register
• assistance in submitting the petition
• submission of the liquidation notification to the state portal: https://www.ametlikudteadaanded.ee/
• submission of the final petition for company removal from the e-Business Register
• coordination of the smooth process of liquidation and timely filings

• preparation of the final balance
• preparation of the asset distribution plan

• The law requires the appointment of a liquidator, who may be a non-resident of Estonia, but who must have the knowledge necessary to carry out the liquidation process in accordance with the provisions of the law.
• All annual reports preceding the year of liquidation must be submitted.

The minimum statutory duration of the liquidation process is 6 months, but it usually lasts 2-3 months longer, depending on the complexity of the company, its overall financial state, etc.