In Estonia, establishing a company has been made exceptionally easy, but closing it can turn out to be a legal gallows. The Commercial Code sets rules for the termination of a company, the violation of which can lead to personal financial liability and, for example, damage to reputation.

Classic company liquidation in Estonia: step by step

If you decide to go through the usual voluntary liquidation procedure on your own, you must take into account a long and bureaucratic process, which usually lasts 8 to 12 months.

The process consists of the following mandatory stages:

1. Adoption of the termination decision: The shareholders must formalize a formal termination decision. The decision must be supported by at least 2/3 of the votes represented at the meeting. A liquidator will be appointed at the same meeting.

2. Filing an application to the Commercial Register: The management board or the appointed liquidator files an application in the e-Commercial Register for the dissolution of the company and the entry of the liquidator in the registry card.

3. Publication of a notice in the Official Gazette: The liquidator must officially notify the public and creditors of the termination of the company's activities. Creditors have four months to submit their claims.

4. Preparation of the opening balance sheet and interim report: The accountant prepares the opening balance sheet of the liquidation, which reflects the company's exact financial position.

5. Realization of assets and payment of debts: The liquidator sells the company's assets, collects debts and pays all existing liabilities. Attention! If it turns out that the company's assets are not sufficient to cover its debts, the liquidator is required by law to file a bankruptcy petition with the court.

6. Preparation of the final balance sheet and distribution of assets: After the claims have been satisfied and the mandatory waiting period has passed, the remaining assets are distributed among the shareholders.

7. Application for deletion: As the last step, an application is submitted to the Commercial Register to delete the company from the register.

This journey requires attention, accuracy and knowledge of the law. If you make mistakes, you risk fines or the procedure will drag on for years.

How Likvidaator.com solves this matter

If you don’t have the time, energy or other resources to deal with months of bureaucracy, likvidaator.com  offers a quick and legal way out. This is also the case if the company has financial or other problems.

Liquidator Raul Pint, who has over 30 years of experience in the field and more than 5,000 successful cases behind him, has created a service that frees entrepreneurs from all this in just a few days.

Company transfer and quick exit

Likvidaator.com's main and most practical service is the complete takeover of the company by the special holding .

This is done as follows:

1. Purchase of a share: Likvidaator.com buys a share in your company. This can also be done with remote verification if you have a functioning Estonian ID card.

2. Exchange of data: The company's management board, business name, legal address, contact details and beneficial owner are immediately changed in the commercial register.

3.Transfer of obligations and documents: The new management arranges handover company's documentation and responsibility for further business.

As a result, the previous shareholders and board members are released from legal ties to the company, usually within two weeks. You are free from the company, while the Likvidaator.com team organizes further proceedings, whether it is compulsory termination, voluntary liquidation, reorganization or bankruptcy proceedings.

Liquidation of companies with debts

The situation becomes critical when the company has debts. A board member bears enormous personal responsibility in such a situation. Likvidaator.com also offers professional assistance in cases of insolvency and large debts, ensuring that everything is done strictly in the interests of the client and to potentially reduce his risks. All actions also remain within the framework of current legislation.

NB! All consultations before the transaction are free of charge and confidential.

Why Likvidaator.com?

1. Exceptional speed: Instead of years, you can get the matter resolved in days.

2. Absence of bureaucracy: Reporting and communication are eliminated.

3. Legality: Everything takes place within the framework of current laws.

Don't leave your problematic company hanging. Contact  us and ask for free advice directly from Likvidaator.com website!