Services Magrat

Liquidation

A proper legal procedure to dissolve a company. Stay compliant and avoid penalties by properly liquidating your Estonian company when a business project is over.

 1,400
One-time fee
  • 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.

Included
  • 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
Available for an extra fee
  • preparation of the final balance
  • preparation of the asset distribution plan
Main requirements
  • 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.
Timing

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.