Company liquidation in Estonia
There are different ways to close your company
Fully digital service for most EU residents
no physical documents needed
Liquidation can be done fully digitally for e-residents and Estonian ID card owners who can log into the Estonian Business Register.
Today, most EU residents can also sign documents digitally and apply to delete their company relatively easily without any physical paperwork. The process is slightly different in this case, but there is no need for notary-certified and apostilled documents.
Read more about EU digital ID here.
Simplified deletion of a Dormant company
General information
A fully dormant company without any penalties can be deleted in a simplified way.
If you can sign digitally, the process is straightforward. You must only sign the liquidation decision and application. We will take care of everything else.
Accounting and annual reports
All previous (dormant) annual reports must be submitted.
Timeframe and costs
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.
The deletion service cost is €400
The cost for preparing a dormant annual report is €160
If digital signing is not possible, you will need to sign the initial documents with a local notary. Depending on your country, an apostille (stamp) may also be required. For non-residents, the liquidation costs start at €550.
Standard, voluntary liquidation
General information
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. A fully dormant company without any penalties can be deleted in a simplified way.
If you are able to sign digitally, the process is straightforward. You must only sign the liquidation decision and application. We will take care of everything else.
This option works for e-residents and Estonian, Latvian and Lithuanian ID card holders.
Accounting and annual reports
If you have no accountant or your current accountant can’t continue with your company accounting, we are ready to take care of the accounting and prepare the required reports as well. Based on source documents (such as a bank statement), we can provide you with a cost estimate for your acceptance.
If you can’t sign digitally
If digital signing is not possible, you will need to sign the initial documents with a local notary. For most countries, an apostille (stamp) is also required. The additional cost is 300 - 450 EUR, depending on circumstances.
Timeframe and costs
The total time for standard liquidation is usually ca 8 months.
Standard liquidation costs is usually €500 - €1000 depending of circumstances and compexity of the task.
Liquidation via Merger
In case your company has had activities the quickest way is to liquidate the company by merging company assets and liabilities to your personal assets.
This option is available if there is only one private shareholder who is also a board member.
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 and costs
The duration of the process takes slightly more than 4 months.
Service fee is €1175, which includes all reasonable state fees, translation, and notary costs.
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 and costs
The takeover can usually be done in a few weeks.
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.
All prices are given ex VAT. VAT will be added depending on the payer’s details.
All prices include a reasonable amount of jobs related to the preparation of liquidation documents and guidance.
In case of a significant unexpected additional job, the service provider has the right to charge for it additionally.