Can I liquidate my one-man Estonian company (OÜ) faster than the usual long process?

A one-man Estonian company (OÜ with only one shareholder) can be liquidated faster (2-3 months) and easier than the usual long process (7-8 months).

This method involves merging the company’s assets and liabilities with your personal property as a natural person. In this process, assets of the company are transferred directly to the natural person (sole shareholder) without having to liquidate them or sell off property.

It can significantly speed up the liquidation process because it avoids the traditional liquidation steps, such as dealing with creditors over a long period, preparing several detailed liquidation reports and appointing a liquidator.

This type of liquidation of the company is suitable for the company with no debts, because during the merger all the company's rights and also obligations are finally transferred to a natural person. Such a merger is not permitted if the merging natural person is insolvent.

By merging the company with a natural person, the limited liability protection provided by the OÜ will be lost. This means that any future claims related to the company’s activities or liabilities will be directed to the individual.