Nearly 20,000 companies have been warned in recent weeks that they will be removed from the Commercial Register because they failed to provide activity reports for the past year, Delovye Vedomosti reported. :format(webp)/nginx/o/2024/04/07/15988433t1h714f.jpg)
Mobile version of the commercial register. Photo: Mihkel Maripuu, Postimees
Nearly 20,000 companies have been warned in recent weeks that they will be removed from the Commercial Register because they failed to provide activity reports for the past year, Delovye Vedomosti reported.
More than 1,000 businesses received takedown notices on Tuesday alone and now have three months to provide a report. If the report is not submitted, the registrar may fine the company or remove it from the register.
In February last year, a law came into force, one of the goals of which is to speed up the removal from the register of those legal entities that are no longer operating.
The Ministry of Justice explained that legal entities could have been fined and removed from the register for failure to submit an annual report before, but now this is happening faster.
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