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Liquidation of companies

Liquidation process involves the following activities:

  • Preparation of the initial balance sheet for company liquidation and publication of a note in a publication Avalikud Teadaanded
  • Termination of business activities, laying off the employees, preparation and posting of notices
  • Preparation of final balance sheet,
  • Plan of division of retained property,
After finalization of liquidation process but not earlier than six month after publication of the last liquidation note and three months after introduction of final balance sheet to the shareholders, the liquidators submit a declaration for deletion of the company from the business registry. Company liquidation process will take no longer than six months
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