Liquidation of Dormant Company
Estonian company liquidation service for e-residents.
- We’ll prepare all the liquidation documents.
- You just need to sign them.
- We take care of the rest.
- Your time input will be minimal.
Who can use this service?
This service is tailored for e-residents, who have a fully dormant Estonian company.
As an e-resident, this process is very easy and comfortable, as it only takes around 30 minutes of your time. This makes it the best option to close down the company and direct your attention to new projects when you have no time to lose.
NB! If your company has received any fines from the Business Register, e.g. for not submitting an annual report, then it cannot be considered as an inactive (dormant) company any longer, as the relevant fine(s) must be included in the declarations submitted to the Tax Board. In this case, you should not choose the dormant company liquidation option.
How does it work?
Create an order and identify yourself with PIN1
Confirm the order and pay
Confirm your e-residence
Sign the prepared liquidation documents digitally
Sign the liquidation petition in the e-Business Register
Local liquidator will then complete the rest of the liquidation
How much does it cost?
- Liquidation services and state fees €
- Missing annual reports (if we need to do additional reporting) 100 € /report
+ VAT if applicable
Why choose our liquidation portal?
The liquidation process takes at least 7 months and a local liquidator is needed.
Liquidators often lose control over the process as they cannot remember how, when and what to do next.
The 1DOX portal will solve these problems.
Good to know!
This service can be used only if:
- The current board member who will also be one of the liquidators is capable of signing digitally
- The company is fully dormant – having no transactions which should be booked in accounts.
If any of the shareholders are not capable of signing the documents digitally according to the requirements additional cost will apply
100 EUR/person + VAT if applicable
If the service provider is given falseful information (for example but not limited to, a company has had activities before or a board member is not capable of signing digitally), the service provider has the right to ask for an additional fee if the service provider sees a possibility to liquidate the company under the new circumstances.
In case the service provider determines that it is no longer possible to complete the process under the new circumstances then the service provider has the right to terminate the services without returning funds to the client.
Clean your web image and reduce stress
An inactive company is a burden for your online image
Creating a new company is very easy, but there is no need to keep the company ready just in case.
Nowadays, it is far better to eliminate all online connections you do not need.
Get rid of the hassle of annual reporting
Even inactive companies need to submit reports every year.
If you miss reporting deadlines, you will receive negative statements online. A missing annual report might even result in a penalty. You can avoid this by liquidating your inactive company altogether.