Liquidation services conditions

  1. The company is considered dormant only if it has never had any transactions which should be booked in the company’s accounting. All other companies are considered as active companies and they might need accounting for creating liquidation starting and ending balances.
  2. In the case of digital liquidation service (via e-residency), all owners and at least one member of the management board must be able to sign the documents digitally.
  3. Two liquidators are appointed to the company, one by the service provider and the other is the current member of the management.
  4. Upon the completion of the liquidation, the liquidator who was previously a member of the management board shall remain the custodian of documents. He shall be responsible for keeping the accounting documents and, when necessary, submitting them.
  5. If during the liquidation it turns out that one or more of the above conditions are not true, then the liquidator appointed by the service provider has the right to resign and the company must appoint a new liquidator whose place of residence is in Estonia.
  6. In the case of significant additional work, the service provider has the right to charge a surcharge that is proportional to the amount of work required.
  7. The advance payment for the liquidation service is non-refundable unless the work is unfinished due to reasons arising from the service provider. In this case, the amount in proportion to the work which was not performed will be refunded.
  8. In case during the liquidation there arise new circumstances which were not provided by the customer (e.g. the customer orders the liquidation for an inactive company, but in reality the company has had activity), the service provider has the right to cancel/terminate the service without any refund or charge relevant fee for the additional work..
  9. The Liquidations Service Conditions are additional and will prevail if contradiction to the General Terms and Conditions of the service provider.



Read general terms and conditions