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 the company’s annual statements for the business year. It is mandatory to submit the company’s annual statements to the Commercial Register, even if the company did not have business activity for a year. The due date for submitting the annual statements for the business year is 6 months after the end of the business year. For example, if the business year of the company is the period from January 1 to December 31, the due date for submitting the annual statements is June 30.  The company’s business year is usually 12 months, but there may be exceptions due to the set up or winding up of the company. However, the reporting period cannot be more than 18 months.