Liquidation Services
for Estonian Companies
Suited for e-residents, EU digital ID (signature) owners and for those who can’t sign digitally
About the liquidation services
Our basic liquidation service packages include drafting required liquidation documents and providing guidance throughout the liquidation period. The client is acting as the liquidator, but everything he/she needs to do is prepared for signing or properly guided.
Annual/liquidation reports
All previous annual reports must be submitted.
If you don’t have an accountant, we can handle accounting and liquidation reports (for an additional fee). To give you the price estimation, we need to have accounting source documents, at least bank statements.
Liquidator’s service
For additional fee (usually 300 EUR) our liquidation consultant can take a liquidator’s position and take care of the liquidation process.
Signing options
There are three signing options to sign liquidation-related documents:
Signing with e-residency is the most easiest way to handle the process
Signing with EU Digital ID is available for citizens of 18 EU countries. This is not as convenient as e-residency, but still much easier compared to signing documents physically, as described in option 3. Read more…
Signing documents in the presence of your local notary and affixing an apostille (stamp) to the papers. This is the most complicated option, which requires translating at least part of the document(s) into Estonian. In some countries, the process might be relatively challenging.
Read more:
Legalization of documents…
Notary certification of requirements
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Simplified deletion
Fully dormant company can be deleted in simplified way.
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Voluntary Liquidation
Most common way to liquidate the company, which was active before.
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Liquidation via Merger
The quickest way is to liquidate the non-dormant 1-man company.
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We Buy Your Company
If your company is in good order, we can take it over and let you free in few weeks.
Simplified deletion
A fully dormant company without any penalties can be deleted in a simplified way.
If all shareholders and board members can sign digitally, the process is straightforward. You must only sign the liquidation decision and application. We will take care of everything else.
All previous (dormant) annual reports must be submitted.
After the deletion application is submitted, the registrar publishes a public announcement. The company is deleted three months after the announcement is published. Depending on the officials, the total deletion time is usually a bit more than 3 months.
Timeframe
The deletion service cost is:
For e-residents €300
For EU digital signers €400
For others (physical signers) €550
Prices are indicative and might be higher if additional complexities are involved, for example, more people or corporate shareholders.
The cost for preparing a dormant annual report is €160/year
Costs
Voluntary liquidation
If your company has had activities and you can’t (or don’t want to) liquidate it via a Merger, this is the only option to use.
Liquidation Steps
Liquidation decision and appointing the liquidator
Publishing a liquidation announcement
Preparing and submitting the liquidation report (the same format as an annual report)
Preparing and introducing the final liquidation report to the shareholders (4 months after liquidation started)
Submitting the deletion application and the final liquidation report to the business registry (min 7 months after liquidation started)
If no problems, the company will be deleted usually in one week
We prepare all liquidation documents and guide you through the liquidation process.
The total liquidation time is at least 7 months. If no surprises, the company is deleted in less than 8 months.
Timeframe
The liquidation service cost are:
For e-residents €480
For EU digital signers €680
For others (physical signers) €1280 EUR
Payable state fees are €32
Local liquidator’s fee (optional) €300
Prices are indicative and may be higher if additional complexities are involved, such as involving more people or corporate shareholders.
If accounting is required, please send us the source documents (at least bank statements) to enable us to provide a price estimation.
Costs
Liquidation via Merger
In case your company has had activities, the quickest way is to liquidate the company by merging the company assets and liabilities with your personal assets.
This option is available if there is only one private shareholder who is also a board member.
This option requires signing documents (shareholders’ resolution and Power of Attorney) in the presence of your local notary. Liquidation via Merger can’t be done with digital signatures.
Depending on the circumstances, it might require some additional job related to accounting and submitting annual reports. We are ready to assist you here as well.
Timeframe
The duration of the process takes slightly more than 4 months.
Costs
Service fee is €1175, which includes all reasonable state fees, translation, and notary costs.
If accounting is needed, please send us source documents (at least bank statements) to give you a price estimation.
We buy your company
If we can be sure your company books are fine and it has no “surprises”, we (our liquidation partner) can fully take over your company ownership, board membership and UBO position in a matter of a few days or weeks and complete the liquidation process without you.
This means you are no longer associated with the company, and you do not need to deal with it (unless any unexpected issues arise).
Timeframe
The takeover can usually be done in a few weeks.
Costs
The service fee varies depending on the details but is often between €900 and €1600, which includes all reasonable costs. For those who canät sign digitally, the costs are somewhat higher.