Company liquidation in Estonia
Full turnkey support for closing of Estonian company
Liquidation of a company in Estonia is a legally formalized process of winding up a company, closing its liabilities and removing the company from the Commercial Register. Properly conducted liquidation allows avoiding claims from the state, creditors and partners in the future.
Close the business correctly and without risks
We accompany the process of company liquidation in Estonia from the first decision to the final deletion from the register. We explain each step in simple language, prepare documents, and cooperate with state institutions and tax authorities.
Liquidation of the company – cost from 750 euros*
*The final price depends on the company structure, assets and liabilities.
Our goal is to make closing as simple and predictable as possible for you, reducing risk, time and possible additional costs in the future.
Planning to liquidate a company in Estonia?
The reasons for closing a company may be different: you have completed a project, you are changing jurisdiction, the business is no longer active or the structure is outdated. Regardless of the motive, it is important to complete the business legally correctly so that you will not be questioned by tax, bank and government authorities in the future.
The liquidation procedure in Estonia is quite formalized: you need to make a decision by the participants, appoint a liquidator, settle liabilities, prepare liquidation balance sheets and submit documents to the Commercial Register. We take care of the organizational and documentary part of the process so that you can focus on the next steps of your business.
Need help with company liquidation?
Our team of specialists in Estonian corporate and tax law supports clients at all stages of liquidation. We will advise you on the optimal scheme, check the risks, prepare documents and help you avoid unnecessary delays and expenses.
The cost of our company liquidation services starts from about 750 euros and depends on the complexity of the situation (assets, debts, employees, etc.). Contact us to get an accurate estimate for your situation.
What is liquidation of a company?
Liquidation is the official termination of the existence of a legal entity. In Estonia, voluntary liquidation includes several stages: decision-making by the participants, appointment of a liquidator, publication of a notice, dealing with creditors, preparation of liquidation reports, distribution of the remaining assets and filing of the final documents with the Commercial Register.
A correctly conducted liquidation protects owners and directors from potential claims in the future and allows them to “close the page” on the business without tails and uncertainty.
Analysis and preparation
We check the state of the company: articles of association, members, debts, assets, accounts. On the basis of the analysis, we offer an optimal liquidation plan and a list of necessary steps.
Decision and registration
Prepare a draft resolution of the participant(s) on liquidation, appointment of a liquidator and filing an application with the Commercial Register. If necessary, we organize notarial actions.
Final stage and de-registration
We prepare the liquidation report and final balance sheet, submit the necessary documents to the Commercial Registry for the final removal of the company from the register.
Support and advice
We answer questions, explain the consequences of each step and help you make informed decisions: liquidation, sale, change of structure or “freezing” activity.
- Основания для ликвидации
- Сроки и этапы процедуры
- Как мы помогаем
Most often, a company is liquidated when the activities are effectively completed, it is no longer appropriate to maintain the legal entity, the structure is outdated or you are moving the business to another country. In some cases, liquidation may be part of a restructuring or preparation for a new project.
It is important to understand that liquidation is an orderly winding up of activities, not “just closing accounts”. Compliance with all formalities ensures that in a few years’ time you will not be asked questions about the old company: neither by the tax authorities, nor by the bank, nor by your counterparties.
On average, voluntary liquidation of an Estonian company takes 6-8 months – depending on debts, assets and the specifics of your situation.
The main steps of the procedure are:
- adoption of a resolution by the participants on liquidation and appointment of a liquidator;
- filing the decision with the Commercial Register and publishing the notice;
- period for creditors to file claims;
- settlement of liabilities and preparation of the liquidation balance sheet;
- distribution of the remaining property among the participants (if any);
- filing of final documents and de-registration of the company.
We explain upfront what deadlines and restrictions apply specifically to your company so you can plan your next steps.
We take care of the preparation and verification of documents, communication with the Commercial Register and, if necessary, with the tax authorities. We explain what reports need to be filed, what decisions to sign and how to minimize risks.
If you do not have an Estonian ID card or e-Residency, we will suggest alternatives: paper signing, notarization, power of attorney for a representative, etc.
Our goal is to make the liquidation process transparent and understandable for you: you know what happens at each stage and what it leads to in legal and tax terms.
Contact us
We will help you assess your situation, choose the best way to close the company and calculate the time and cost. Simply describe in the form whether the company has been operating, whether there are debts, whether bank accounts have been opened and how many members the company has.
Close your company in Estonia safely and legally – with the support of professionals.