Do I need to submit annual statements of the company, if there was no business activity?
All entrepreneurs registered in Estonia are required to prepare and submit an annual report for the financial year. Submission of the company’s annual report to the Commercial Register is mandatory, even if the company had no economic activity during the year.
The deadline for submitting the annual report for the financial year is six months after the end of the financial year. For example, if the company’s financial year is from January 1 to December 31, the deadline for submitting the annual report is June 30. The financial year of a company is typically 12 months, but exceptions may apply in cases of company establishment or liquidation. However, the reporting period cannot exceed 18 months.
Also read:
