![Liquidation of the company in Estonia](https://prikhodko.com.ua/wp-content/themes/prikhodko/images/dist/service_intro.jpg)
"Timeliness, openness and dedication are the main principles of our work."
Lawyer
A specialist in the practice of migration and corporate law, he also specializes in legal support of businesses in Ukraine and EU countries.
Liquidation of the company in Estonia
Liquidation of a company in Estonia is a process that includes several stages and requirements that must be met in order to officially close the company.
In this article, we will look at the main aspects of liquidating a company, including the terms, process, timing and the possibility of closing through a sale and purchase.
Conditions of liquidation of the company
Liquidation of the company can be voluntary or compulsory.
The main reasons that can lead to liquidation include:
- Voluntary decision by the owners: The owners of the company can decide to close the business at their own will.
- Inability to meet obligations: If a company is unable to meet its financial obligations, a decision may be taken to liquidate it.
- Expiry of the company: If the company was formed for a certain period, the expiry of this period may be grounds for its liquidation.
- Court decision: the court may decide to liquidate the company in various circumstances, including violations of the law.
The process of liquidation of the company
The process of liquidation of a company in Estonia includes several main stages:
- Making a decision on liquidation
The first step is the decision to liquidate the company. This decision must be approved by the general meeting of shareholders or owners of the company.
- Appointment of liquidator
A liquidator is appointed to carry out the liquidation process, who will be responsible for all legal and financial aspects of closing the company.
- Public announcement
The liquidator must make a public announcement about the liquidation of the company in the relevant registers. This is necessary so that creditors can present their claims.
- Solving financial issues
The liquidator collects the company’s assets, settles with creditors and resolves all financial issues. This includes paying taxes, paying wages to employees, and other obligations.
- Closing bank accounts
After fulfilling all financial obligations, the liquidator closes the bank accounts of the company.
- Submission of the final report
The liquidator submits the final liquidation report to the Commercial Register. After its approval and passing all checks, the company is officially considered liquidated.
Terms of liquidation
The terms of liquidation of the company may vary depending on the number of assets, liabilities and the complexity of the procedure. On average, the liquidation process can take from several months to a year.
It is important to note that each case is unique and the terms may vary.
Closing the company through sale and purchase
One way to close a company is to sell it.
The procedure for selling a company includes the following steps:
- Search for a buyer
The owners of the company are looking for potential buyers who are interested in acquiring the company. It can be another company or individual.
If necessary, the lawyers of the company “Prikhodko and Partners” will help you in finding an interested person.
- Company valuation
To determine the fair sale price, an assessment of the company’s value is made, taking into account its assets, liabilities and potential.
- Conclusion of a sales contract
After reaching an agreement, a sales contract is concluded between the seller and the buyer, in which all the terms of the agreement are fixed.
- Transfer of ownership rights
After signing the contract, the ownership of the company is transferred to the buyer. This includes re-registration of the company with the relevant authorities.
- Closing financial issues
The buyer assumes all obligations of the company, including payment of debts and fulfillment of contracts.
Closing a company through a sale and purchase can be a faster and more profitable option for the owners, as it avoids a lengthy liquidation process.
Liquidation of a company in Estonia is a complex and multi-stage process that requires a careful approach and compliance with all legal regulations. The choice between voluntary liquidation and sale of the company depends on the specific circumstances and goals of the owners.
Regardless of the path chosen, it is important to ensure that all procedures are followed correctly and in a timely manner to successfully close the business.
The lawyers of the company “Prikhodko and Partners” will provide you with high-quality and quick advice on liquidation or purchase and sale of corporate rights and will accompany you in such a difficult procedure with minimal involvement of you in the process
Calculate the cost of services
1 question
Are you interested in the complete liquidation of a company in Estonia?
2 question
Are you interested in the liquidation of a company in Estonia through the purchase and sale of corporate rights?
3 question
Do you need advice on liquidation of a company in Estonia?
![](https://prikhodko.com.ua/wp-content/uploads/2022/11/a10a0926m-3.jpg)
A specialist in the practice of migration and corporate law, he also specializes in legal support of businesses in Ukraine and EU countries.
TOP lawyers dealing with such cases in Ukraine
How to order the service? How do we work?
If you need to open a bank account in a foreign bank, or you need to register a company in a foreign country or a legal service for your business abroad, fill out an application on the website, or call for the specified phone numbers.
What is the price for a lawyer's consultation and assistance?
Price for services in the "International corporate law" category:
The name of the service | Price, UAH | Terms |
---|---|---|
Tax consultation in Europe | from $200 | from 1-2 days |
Opening an account in a foreign bank | from $250 | from 3 days |
Liquidation of a company (firm) in Europe | from $1000 | from 7 days |
REGISTRATION OF BUSINESS IN EU COUNTRIES | from $1000 | from 7 days |
Sale of ready-made companies | from $1000 | from 3 days |
You may also need:
Business scaling and migration
REGISTRATION OF A BUSINESS (FIRM) IN THE CZECH REPUBLIC
Read moreBusiness scaling and migration
REGISTRATION OF A BUSINESS (FIRM) IN AUSTRIA
Read moreBusiness scaling and migration
REGISTRATION OF A BUSINESS (FIRM) IN THE UAE
Read moreBusiness scaling and migration
REGISTRATION OF A BUSINESS (FIRM) IN THE UK
Read moreBusiness scaling and migration
OPENING A BANK ACCOUNT IN ESTONIA
Read moreCorporate law
Opening an account in a foreign bank
Read moreBusiness scaling and migration
OPENING A BANK ACCOUNT IN GERMANY
Read moreIntellectual property
Brand name registration
Read moreFintech
BANK REGISTRATION IN CYPRUS
Read moreFintech
OPENING A BANK ACCOUNT FOR A GAMBLING BUSINESS
Read moreFintech
Opening a bank account for a crypto business
Read moreBusiness scaling and migration
OPENING A BANK ACCOUNT IN GREAT BRITAIN
Read moreArticles on the topic:
call back
during the day