/Closure of a company, business, commercial or non-profit organization in Estonia/
Liquidation is the legal process of officially terminating the operations of a legal entity and removing it from the Commercial Register.
In Estonia, company liquidation can be:
- Voluntary – based on a resolution by the owners/shareholders;
- Compulsory – by decision of a court or the Commercial Register.
Types of Company Liquidation in Estonia:
Applied to companies that have been operational: maintained accounting records, entered into contracts, and had assets and liabilities.
Applicable to legal entities that have not conducted any business activity. Suitable for closing “empty” companies with no turnover, transactions, or employees.
Our Company Liquidation Lawyers:
Company Liquidation Lawyer
Our Services in the Liquidation Process:
Company Liquidation Consultation
We provide legal advice on all aspects of company liquidation.
We analyze the company’s status and assess its eligibility for liquidation.
Full-Service Liquidation Management
We handle the liquidation process from start to finish.
We prepare and submit all necessary documents to the Commercial Register and provide legal support throughout the entire process — from public notices to final deregistration.
Appointment of Liquidator
We offer the service of appointing our legal specialist as the official liquidator of your company.
Our liquidator assumes full responsibility for managing the liquidation, including communication with authorities, creditors, and contractual partners.
Comparison of Company Liquidation Types (Based on Shareholder Resolutions):
| Criteria | Standard Liquidation Procedure | Simplified Liquidation Procedure |
|---|---|---|
| Basis | The company has conducted business activity | The company has not commenced business activity |
| Duration | 6–9 months | Typically 1–2 months |
| Key Stages | Multiple stages: notification, reports, publications, liquidation balance, asset distribution, etc. | Application for deletion from the register → deletion |
| Restrictions | Not applicable if the company has outstanding debts | Applicable only if no business activity was conducted |
| Assets/Liabilities | Permitted, but must be properly distributed | Must have no assets or liabilities |
| Publication in Ametlikud Teadaanded | Yes | Yes |
| Involvement of accountant/auditor | Required | Required |
Involvement of a lawyer | Recommended for preparing minutes, filings, reports | Advisable for drafting the application |
| Remote processing possible | Yes | Yes |
| Legal support by Progressor | Full legal support at all stages of the liquidation process | Full legal support at all stages of the liquidation process |
| Standard Liquidation Procedure | Simplified Liquidation Procedure |
|---|---|
| Basis | |
| The company has conducted business activity | The company has not commenced business activity |
| Duration | |
| 6–9 months | Typically 1–2 months |
| Key Stages | |
| Multiple stages: notification, reports, publications, liquidation balance, asset distribution, etc. | Application for deletion from the register → deletion |
| Restrictions | |
| Not applicable if the company has outstanding debts | Applicable only if no business activity was conducted |
| Assets/Liabilities | |
| Permitted, but must be properly distributed | Must have no assets or liabilities |
| Publication in Ametlikud Teadaanded | |
| Yes | Yes |
| Involvement of accountant/auditor | |
| Required | Required |
| Involvement of a lawyer | |
| Recommended for preparing minutes, filings, reports | Advisable for drafting the application |
| Remote processing possible | |
| Yes | Yes |
| Юридическое сопровождение Progressor | |
| Full legal support at all stages of the liquidation process | Full legal support at all stages of the liquidation process |
