Inactive Businesses and Housing Companies to be Removed from the Trade Register

Under Section 24 of the Trade Register Act, the National Board of Patents and Registration (NBPR) will remove from the Trade Register inactive

• private traders
• general partnerships
• limited partnerships and
• housing companies.

The removal under the Trade Register Act concerns those private traders, general partnerships and limited partnerships

• who are not included in the Prepayment Register, the VAT Register or the Employer Register kept by the Tax Administration and
• who have not submitted any notifications to the Trade Register since 1994.

Of all housing companies, only 69 companies are included in the removal procedure on the grounds that they have not submitted any notifications to the Trade Register since 1994 and are presumed to have closed down their business.

All in all, the procedure concerns some 5,900 businesses and housing companies.

Continued operation to be reported before 16 May 2005

Businesses and housing companies included in the removal have been sent a letter at the end of April 2005, asking whether they still carry on business. If the answer is yes, they are invited to report it not later than on 16 May 2005.

Report your business to:

• National Board of Patents and Registration of Finland/Trade Register, P.O. Box 1150, 00101 Helsinki, or
• fax number (09) 6939 5533

Public notice in the Trade Register Gazette in August 2005

A public notice will be given in the Trade Register Gazette to those businesses and housing companies which do not report that they carry on business. The notices will be published in the Trade Register Gazette in late summer 2005, inviting the companies in question to report their operations during the three-month period set out in the notice.

Removal in November 2005

If, despite the notice, a business included in the removal process does not report its operations, it is removed from the register by the end of November 2005.

For further details, if necessary, please call (09) 6939 5597 Sinikka Kunnassaari, Ulpu Malinen, Marjut Pohjolainen or Kirsi Leotta.