Company liquidation in Estonia
Are you planning the liquidation or dissolution of your company in Estonia 💼 and want to ensure it’s done correctly, safely, and with minimal hassle? Our experts are here to handle every step for you.
How to Wind Up or Dissolve a Company in the Right Way
The winding up and closure of a company in Estonia 🏛️ can be smooth and transparent when managed by professionals. We take care of all formalities to ensure compliance with Estonian law and proper completion of the process:
✅ Full legal compliance — preparation and submission of all required documents. ⚖️
✅ Financial clarity — assistance with final accounting and closing obligations. 📊
✅ Flexible options — regular or simplified company liquidation available. 🧾
Complete Your Company Closure in Estonia with Confidence
We’ll evaluate your situation, recommend the optimal liquidation procedure, and oversee the company winding up until full removal from the register. ✨
Contact us for professional assistance in closing your company! Send RequestLiquidation and Closure of Estonian Companies Made Simple
Winding Up and Company Dissolution in Estonia with Legal and Accounting Assistance
Company closure and liquidation is an important step that requires careful attention and strict adherence to the law. As part of the dissolution process, the enterprise stops operations, settles its obligations, distributes assets among participants, and is removed from the Commercial Register.
To ensure the procedure goes without mistakes or delays, it’s worth entrusting it to professionals. The Eesti Firma team provides full legal and accounting support, helping to select the appropriate liquidation format:
- Standard liquidation — for companies that have conducted business operations, have assets or liabilities. The procedure includes preparing reports, settlements with creditors, and distribution of assets.
- Simplified liquidation — for firms that have not commenced operations and have no debts. It’s a quick and convenient way to close a company without unnecessary bureaucracy.
We will make the process clear, transparent, and as simple as possible for you — from the first step to the complete removal of the company from the register.
Close your company without unnecessary hassle
Planning to cease operations? 🚀 We will help you go through the procedure of terminating a legal entity without mistakes, delays, or excessive bureaucracy. 💼
The lawyers and accountants at Eesti Firma will prepare all the necessary documents, submit them to the Commercial Register, and ensure the correct winding up of the company. ⚖️
Entrust the liquidation to specialists! 🔒
Choose the optimal way to liquidate your company
Choose the optimal company liquidation format in Estonia, considering your business’s specifics. All packages include clear steps, fixed prices, and expert support.
Standard liquidation
Suitable for companies that have previously conducted business. The procedure is carried out in full compliance with the requirements of the Estonian Commercial Code and includes all necessary legal and accounting steps.
active business operations
accounting documents available
- ✅ Legal and accounting support
- ✅ Option to complete the procedure remotely
- ✅ Compliance with all Commercial Code requirements
- 💶 €500 — with e-Residency or Estonian digi-ID
- 💶 €800 — remotely via Power of Attorney
The process of ceasing operations and dissolving a company is an extremely important undertaking that demands strict adherence to legal norms and other formalities.
What is the process for closing an Estonian company?
As part of the process of terminating the company’s activities and subsequently removing it from the Register, in addition to complying with the requirements set by the Commercial Code, it is necessary to prepare the appropriate legal and accounting documentation.
Key stages:
- Decision to liquidate. The general meeting of shareholders passes a resolution to cease the company’s operations. At least 2/3 of the votes are required to approve this decision.
- Appointment of a liquidator. A liquidator is appointed who assumes the functions of the director and leads the closing process. As of February 1, 2023, the liquidator can also be a non-resident.
- Application to the Commercial Register. The company submits an application for liquidation and the appointment of a liquidator. After this, a corresponding note appears in the register, and the procedure officially begins.
- Public notice. The liquidator publishes an announcement of the liquidation in the Official Gazette (Ametlikud Teadaanded) and provides contact information for any potential creditor claims.
- Settlements with creditors. All obligations to creditors and investors are paid off. This stage continues until all debts are fully settled.
- Final balance and distribution of assets. A liquidation balance sheet is prepared, and based on it the company’s assets are distributed among the shareholders.
- Removal from the register. After completing all formalities, but not earlier than 6 months after the decision to cease operations, the company submits an application for final removal from the Commercial Register.
The process requires precision, adherence to deadlines, and professional support — from submitting the documents to the complete termination of operations.
NB! From the moment the decision to liquidate is made, the current financial year is considered closed. From this point, the company can no longer conduct commercial activity — all operations must be aimed only at wrapping up affairs and fulfilling obligations.
Simplified liquidation
Suitable for companies that have not started business operations and want to properly carry out removal from the register. This is a simple and quick procedure for terminating a legal entity without unnecessary formalities.
no business activity
no transactions or deals
- ✅ Completion of the procedure in a short timeframe
- ✅ No personal presence in Estonia required
- ✅ Simple and straightforward procedure with no bureaucracy
- 💶 €250 — with e-Residency or Estonian digi-ID
- 💶 €550 — remotely via Power of Attorney
As of February 1, 2023, companies that have not yet started business operations can be liquidated through a simplified procedure.
How does simplified company liquidation work?
Fast-track liquidation allows you to quickly close a company that had no activity and is no longer needed by its owners, without unnecessary bureaucracy.
Key stages:
- Application submission. All shareholders and board members submit a joint application to the Commercial Register for removing the company, confirming that no activity was conducted and no obligations exist.
- Notice publication. The Register publishes an announcement in the Official Gazette (Ametlikud Teadaanded) about the upcoming dissolution. Creditors have three months to submit any objections.
- Removal from the register. If no objections are filed, after three months the company is removed from the Commercial Register, and the liquidation is considered complete.
A simple and reliable procedure — with no lengthy audits, meetings, or financial reports.
If there are serious disputes among the shareholders or if the amount of debt exceeds the value of the assets, the liquidation process can become complicated and require special attention. In some cases, it might transition into a bankruptcy procedure.
To avoid mistakes and choose the optimal path, we recommend discussing your situation with our lawyers in advance. A consultation will help assess the risks and determine the best solution for your company.
Why Entrust Your Liquidation to Eesti Firma
Closing a business is a process that requires precision and understanding of legal details. We know how to wind up a company in Estonia quickly, correctly, and without unnecessary bureaucracy.
- Extensive practical experience. For over 10 years we have been assisting in the liquidation of Estonian companies — from simple cases to complex procedures involving assets and reporting.
- All-inclusive service. We handle the entire process: preparing documents, interacting with the register, accounting, and legal support.
- Transparent terms. Clear timeframes, fixed pricing, and a full understanding of each stage of work — with no hidden fees.
- Flawless legal compliance. We guarantee that each step of terminating the legal entity will be carried out in strict accordance with the Commercial Code.
- Personal attention. We listen to our clients, explain each step, and offer the optimal solution for each specific situation.
With us, you get not just a liquidation service, but confidence that everything will be done professionally, correctly, and within the agreed time frame.
Contact Us
If you’re planning to close a company in Estonia but don’t know where to start, we will help you understand all the nuances and suggest the simplest and safest path. Our specialists will explain the procedure in plain language and prepare a personalized solution for you.
We will take care of all the legal and accounting parts, so that you can calmly wind down the company’s operations without stress or bureaucracy. Write to us — and we will show you how to go through this process quickly and without unnecessary hassle.
“
Responsibility Proven by Experience
Each liquidation is not just a formality, but the conclusion of an important chapter in a company’s history. We understand how important it is to go through this process calmly, correctly, and without mistakes.
At Eesti Firma, we do everything to make sure that closing a company is as simple, transparent, and predictable as possible. Honesty, attention to detail, and respect for the client are the main principles of our work.
Ilja Nikiforov, lawyer and head of Eesti Firma OÜ
FAQ | Frequently Asked Questions
Below you’ll find answers to the most common questions about company liquidation (dissolution) in Estonia — from timelines and key steps to choosing the most suitable procedure. This section will help you understand the process of removing a legal entity from the register and prepare for it effectively.
- What does company liquidation (dissolution) mean?
It is the official process of winding up a company’s operations. During liquidation, the company settles its debts and obligations, distributes assets among shareholders, and is ultimately dissolved and removed from the Estonian Commercial Register.
- What types of liquidation are available in Estonia?
Estonian law provides two options: a regular liquidation for companies that have been active, and a simplified liquidation for companies that never started operations and have no accounting records.
- How long does the liquidation process take?
A regular liquidation usually takes about six to nine months, while a simplified procedure takes around three to four months. The exact duration depends on the company’s situation and the readiness of its accounting documentation.
- What are the main steps of the liquidation process?
The procedure includes adopting a resolution to terminate business activity, appointing a liquidator, publishing an official notice, settling with creditors, preparing the liquidation balance sheet, and finally dissolving and deleting the company from the register.
- Who can act as a company’s liquidator?
The liquidator performs the duties of a director and is responsible for managing the entire process of winding up the company. Since 2023, non-residents of Estonia can also serve as liquidators.
- When can simplified liquidation be chosen?
If a company has not started operations, entered into contracts, or acquired assets or liabilities, it may be deleted from the register through a simplified and accelerated dissolution procedure.
- What if the company has debts or internal disputes?
In such cases, standard liquidation can be more complex, and bankruptcy proceedings may be required. Before starting liquidation, it is advisable to consult a lawyer to assess potential risks and prepare an appropriate action plan.
- Can a company be liquidated independently?
Yes, but it requires a thorough understanding of local legislation, careful preparation of legal and accounting documents, and strict adherence to deadlines. Mistakes can lead to rejection or delays by the Commercial Register, which is why it is often more efficient to entrust the process to professionals.
