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Delete/dissolve your Estonian company with these easy steps

If you have stopped the economic activities of your company and want to close it then the shareholders can take the decision of voluntary dissolution/liquidation of the company. The law prescribes strict deadlines for different stages that have to be followed even if you have not had any economic activity and the process from the decision until company deletion can take at least 7 months. Appointed liquidator can take care of all the formalities during that period.

The costs involve state fees in the amount of 32 euros and possible accountant fees as well as liquidator fees. Fees also depend on the amount of economic activity the company has had. If the company has had no economic activity the total costs could be be between 350-400 euros.

1. The first step is for the owner or owners to take a formal decision to liquidate and a liquidator has to be appointed. This decision then has to be reflected in the Commercial Register. If the shareholders have a digital card for signature then this is rather easy. The decision has to be accompanied by the final annual report.

2. The next step is to publish the liquidation notice in the portal: and call for all creditors to come forward with their possible claims. The deadline for this is 4 months and liquidator shall pay the amounts due after the end of that deadline. The liquidator will already take care of that.

3. Tax declarations should be made and the company deleted from the VAT obligation. Company accounts should closed.

4. As a final step it is possible to prepare the final balance sheet of the private limited company and to distribute the remaining assets. The final balance sheet and asset distribution plan has to be sent to the Commercial Register as well.

With the right help the process is easy and seamless. If the company has had no economic activity then the deletion is even easier and faster (around 3 months)


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