The Estonian Commercial Code gives the registrar the authority to delete companies that fail to meet their reporting obligations i.e. fail to submit the annual report. This option has been actively used, and in practice, even well-known companies have been deleted from the registry due to such non-compliance.
In the latest issue of the financial and legal magazine RUP, Attorney-at-Law Lada Riisna and Legal Counsel Viivi-Maria Tanilsoo provide a thorough overview of the regulation’s practical implications for businesses and highlight the key points to watch when fulfilling reporting obligations.
Read the article here!