Company in Estonia
 

Estonian company liquidation


Dormant company liquidation - 800 EUR
for e-residents - 400 EUR

Liquidation of a company with transactions - 1500 EUR
for e-residents - 800 EUR

Company liquidation via merger - 1175 EUR

In case you don’t know which option to use, please contact us - we will help you to decide.

Liquidation.jpg

Dormant Company liquidation for
non e-residents


Cost - 800 EUR

+ VAT if applicable

General

Company is concidered dormant if it has had no taxes, penalties and sales incomes and all (possible) tax returns and annual reports are empty.

Required documents

General meeting about liquidation / deletion (signed by all shareholders and board members)

Registry application about deletion of the company (signed by all shareholders and board members)

Both documents will be drafted by us.

Liquidation duration

Approximately 3-4 months

Dormant Company liquidation
for e-residents


Cost - 400 EUR

+ VAT if applicable

General

Company is concidered dormant if it has had no taxes, penalties and sales incomes and all (possible) tax returns and annual reports are empty.

Required documents

General meeting about liquidation / deletion (signed by all shareholders and board members)

Registry application about deletion of the company (signed by all shareholders and board members)

Both documents will be drafted by us.

Liquidation duration

Approximately 3-4 months

Formerly active company liquidation
for non e-residents


Cost - 1500 EUR

+ VAT if applicable

General

Company is concidered active if it has paid taxes or penalties or had sales incomes and any of (possible) tax returns or annual reports are not empty.

Required documents

  • General meeting about liquidation (signed by all shareholders, notary certified + apostille)

  • Registry application about liquidation of the company (signed by a board members and liquidator, , notary certified + apostille)

  • Officially published public notice about company liquidation (signed by the liquidator)

  • Registry application about deletion of the company (signed by the liquidator)

All documents will be drafted by us.

Liquidation duration

Approximately min 8 months

Accounting and annual reports

Accounting and annual reports can be done by previous accountant or by us (for additional fee). We can give price offer after we have enough accounting source documents.

Formerly active company liquidation
for e-residents


Cost - 800 EUR

+ VAT if applicable

General

Company is concidered active if it has paid taxes or penalties or had sales incomes and any of (possible) tax returns or annual reports are not empty.

Required documents

  • General meeting about liquidation (signed by all shareholders)

  • Registry application about liquidation of the company (signed by a board members and liquidator)

  • Officially published public notice about company liquidation (signed by the liquidator)

  • Registry application about deletion of the company (signed by the liquidator)

All documents will be drafted by us.

Liquidation duration

Approximately min 8 months

Accounting and annual reports

Accounting and annual reports can be done by previous accountant or by us (for additional fee). We can give price offer after we have enough accounting source documents.

Company liquidation via merger


Cost - 1175 EUR

+ VAT if applicable

General

This liquidation option is available only if the company has one private shareholder. The essence of the process is that company assets (and debts) will be merged into the owner’s assets. If assets are bigger than debt’s - corporate income tax is paid before transfer of assets.

Required documents from the client:

  1. Power Attorney from the company (signed by the board member, notary certified + apostille)

  2. Power Attorney from the shareholder (notary certified + apostille)

  3. General meeting decision about company liquidation via merger.

  4. Preparation of merger balance sheet.

  5. Signing of the merger contract by the notary office (+ notary and state fee)

  6. Official public notification in the state notification portal (+state fee)

  7. Signing the merger closing contract by the notary office (+notary fee)

  8. Final deletion of the company from the register (+state fee)

  9. General meeting about liquidation via merger

All documents will be drafted by us. First 4 documents must be signed by the client, rest of the actions will be done by the service provider.

Liquidation duration

Approximately min 4 months

Accounting and annual reports

Accounting and annual reports can be done by previous accountant or by us (for additional fee). We can give price offer after we have enough accounting source documents.

Additional accounting before liquidation

applies only if necessary accounting is not done


 

Dormant company annual reports

Accounting or annual reports for active company

100 €/report

price is given based on job estimation

 

Prices are excl. VAT

Description of the liquidation process


I. Liquidation via merger


  1. General meeting decision about company liquidation via merger. Done remotely via certified POA

  2. Current accounting if there is any

  3. Signing of the merger contract by the notary office (+ notary and state fee)

  4. Preparation of merger balance sheet.

  5. Official public notification in the state notification portal (+state fee)

  6. Signing the merger closing contract by the notary office (+notary fee)

  7. Final deletion of the company from the register (+state fee)

II. Standard liquidation with our liquidator


  1. General meeting decision about company liquidation and appointment of the liquidator. done remotely via certified POA

  2. Current accounting if there is and preparing the opening balance sheet of the liquidation.

  3. Submitting missing annual reports if there are.

  4. Deleting board members in the register and registering the liquidator (+ notary and state fee)

  5. Submitting the opening balance sheet of the liquidation

  6. Official public notification in the state notification portal (+state fee)

  7. Waiting period of 7 months

  8. the final balance sheet and the official distribution plan for assets

  9. Final deletion of the company (+state fee)

III. Simplified liquidation for dormant companies


  1. Confirming with the client that the company is dormant.

  2. Drafting the relevant application necessary for deletion of the company.

  3. Submitting the relevant application and waiting for Tax Office approval.

  4. 10 days waiting period for feedback from the Tax Office.

  5. Publication published in Ametlikud Teadaanded 3 months.

  6. If all is approved, the company will be deleted.


What is the difference between standard liquidation and liquidation via merger

By standard liquidation the owners receive company assets (after taxation).
By liquidation via merger the owner receives both - company assets (after taxation) and potential liabilities if there are.


Liquidation options and prices


I. Via merger

1175 EUR

approx. 4 months


Service is suitable for 1-man companies and includes:

  • Consultation and drafting all necessary documents for merger

  • Signing the merger contract on behalf of the shareholder at the notary

  • Payment of state and notary fees

  • Submission of all necessary documents (Incl. final accounting documents) to the Commercial Register and Ametlikud Teadaanded (official publication website) to complete the merger


II. Standard liquidation
with our liquidator

1500 EUR / 800 EUR for e-residents)

8+ months


Service is suitable for all types of companies and includes:

  • Consultation and drafting all necessary documents for liquidation

  • Appointment of our consultant as a liquidator for the period of liquidation

  • Payment of state and notary fees

  • Submission of all necessary documents (Incl. final accounting documents) to the Commercial Register and Ametlikud Teadaanded (official publication website) to complete the liquidation


III. Simplified liquidation
for dormant companies

800 EUR / 400 EUR for e-residents

3 - 4 months


Service is suitable for dormant companies and includes:

  • Consultation and drafting all necessary documents for deletion of the company

  • Submission of documents to the Commercial Register

  • Monitoring the process with the Commercial Register and related necessary authorities i.e. Tax Office and Ametlikud Teadaanded.





 
 

Prices are excl. VAT

Additional fees apply in case of accounting (if necessary) - see below