Efficient Corporate Liquidation Solutions

Say goodbye to corporate hassles and hello to holiday bliss.

Professional Business Closure Solutions

1. Comprehensive Closure Planning
"Leave the paperwork to us, and start packing for that vacation." By mapping out each detail of your Estonian company’s closure, you ensure a quick, stress-free exit. From assessing finances to final deregistration, everything is handled in one seamless plan—so you can focus on more enjoyable pursuits.

2. Custom Liquidation Strategy
"Say goodbye to corporate hassles and hello to holiday bliss." Every business is unique—our tailored strategies address your specific needs, streamlining investor buyouts, mergers, or straightforward liquidation. You save time, avoid pitfalls, and free yourself for well-deserved relaxation.

3. Regulatory Compliance Support
"Skip the legal maze—secure your beach chair instead." Adhering to AML, GDPR, and Estonian regulations can be intricate. Our experts tackle every formality and filing, ensuring you stay fully compliant while you plan your getaway.

4. Asset Distribution Management
"Trade board meetings for beachfront sunsets." Proper asset handling is vital for a clean closure. We manage valuations, transfers, and tax considerations, ensuring you exit with peace of mind. Reclaim your schedule and let us deal with the final details.

Dissolution and Liquidation of Estonian Companies
Estonian Corporation Services OÜ provides comprehensive assistance with Estonian company dissolution, company liquidation, and company closure, including the legal and administrative steps necessary for removing a company from the Commercial Register. This process involves officially terminating the company’s activities, settling liabilities with creditors, distributing remaining assets among shareholders, and ensuring all legal and accounting requirements are fulfilled.

What is Company Liquidation?
Company liquidation is a formal procedure through which a company ceases operations, settles debts, and distributes any remaining assets. After completing this process, the company is officially removed from the Commercial Register.

Types of Liquidation in Estonia
Standard Liquidation
Suitable for companies with assets or liabilities. The process includes preparing financial statements, settling debts with creditors, selling assets, and distributing remaining funds among shareholders. This procedure ensures proper company closure and compliance with all legal services requirements.

Simplified Liquidation
Applicable to companies that have never started business activities. This streamlined process simplifies company dissolution and avoids unnecessary formalities.

Main Stages of Liquidation
Decision to Terminate the Company
The decision to liquidate is made at the general meeting of shareholders, requiring the majority's approval. This step initiates the official process of removing the company from the Register.

Appointment of a Liquidator
A liquidator, acting as the company’s representative, oversees the company liquidation process and ensures compliance with legal services and accounting obligations.

Submitting the Application to the Commercial Register
A formal application is filed with the Commercial Register, officially initiating the company closure process.

Publication of Notice
A notice of company dissolution is published in the State Gazette, allowing creditors or other interested parties to submit claims or objections.

Satisfying Creditors’ Claims
All outstanding obligations to creditors are settled before proceeding further, in accordance with legal services standards.

Preparation of Final Balance and Asset Distribution
The liquidator prepares the final balance, and remaining assets are distributed to shareholders. This step ensures all accounting services are properly completed.

Removal from the Commercial Register
After completing all required steps, the company is officially removed from the Commercial Register, finalizing the company closure.

Simplified Liquidation Process
Simplified liquidation is an expedited procedure for companies with no business activities. An application signed by all shareholders and board members is submitted, followed by a three-month notice period in the State Gazette. After this, the removal of the company from the Register is completed.

Key Information for International Clients
For clients residing outside Estonia, Estonian Corporation Services OÜ offers the possibility to complete the company liquidation process remotely using a notarized and apostilled power of attorney. This ensures that the procedure is efficient and compliant with all legal and accounting services requirements, regardless of the client’s location.

Additional Note
The above description provides a general overview of the company dissolution and company liquidation process. In reality, situations are often more complex, and solutions require a tailored approach. As a service provider with years of experience in legal services and accounting services, Estonian Corporation Services OÜ has the expertise to handle even the most challenging cases and always deliver the best possible solution for our clients.