What is the difference between deletion and liquidation?
A company without assets and without debts can in some cases be deleted from the commercial register without liquidation. An operating company, or one with assets or creditors, must be liquidated: liquidators are appointed, creditors are notified, the assets are realised and the remaining funds distributed before the company is deleted.
My company has missed annual reports. Can you help?
Yes. Accounting restoration restores the missing bookkeeping as the law requires, from the source documents that exist, so that the missing annual reports can be filed; we do not create missing source documents. The starting price is our fee for the standard scope; if the volume or the condition of the records needs more work, we tell you before it starts.
Does a company without turnover have to file an annual report?
Yes. Every Estonian company files an annual report for each financial year, within six months after its end, whether or not it traded.
What does monthly accounting include?
Bookkeeping of bank statements and invoices, the monthly VAT return where the company is a VAT payer, and monthly payroll declarations by agreement. The annual report, tax planning and the statutory audit are separate.
Does a company without transactions need monthly accounting?
No. A dormant company needs its annual report, which we prepare as a separate service, but no monthly bookkeeping. Monthly accounting is for a company that trades.
How are several annual reports priced?
Each report is priced separately; choose in the order form how many years are outstanding. If you cannot sign digitally, the power of attorney surcharge is added once per order, however many reports. An e-resident who signs digitally does not pay it.
Do I pay the power of attorney surcharge for every report?
No. It is charged once per order, not per report — and not at all if you sign the reports digitally.
Can I add a field of activity on its own?
No. A field of activity can be added only together with the preparation and submission of the annual report; it cannot be ordered separately.
Why can the field of activity be added only with the annual report?
The field of activity is reported to the register together with the annual report. We therefore offer it as an addition to the report and not as a separate register service.
Can I catch up on several years of annual reports?
Yes. Choose how many reports are outstanding; each report is priced separately and the power of attorney surcharge, if you need it, is charged once. With two or more reports we recommend accounting restoration.
What are the risks of late annual reports?
The registrar can impose penalty payments and, if reports keep missing, delete the company from the register. Banks and the Tax and Customs Board may also restrict the company.
What happens if bank statements or invoices are missing?
We restore the books from what is available — bank statements are the minimum. Where documents cannot be recovered, we tell you how it affects the report.
Can the annual reports be signed from abroad?
Yes. With an Estonian ID card or an e-residency card you sign digitally. Without one, we submit the reports on the basis of a power of attorney signed before a notary in your home country, as a rule with an apostille (not needed in Latvia, Lithuania, Poland or Ukraine); the power of attorney surcharge is charged once per order.
When is the annual report of an Estonian company due?
Within six months after the end of the financial year (Commercial Code § 179); for a financial year that is the calendar year, by 30 June. The free annual report deadline calculator gives the date for any year end.
