Limited liability companies and co-operatives: Submit your financial statements by 22 March 2019 to avoid deregistration

The Finnish Patent and Registration Office (PRH) will remove from the Finnish Trade Register limited liability companies and co-operatives that - despite reminder letters - have not filed their financial statements for registration.

Companies risking deregistration

Our fourth deregistration in 2018 now includes 4,242 limited liability companies and co-operatives that have not submitted their financial statements to the Trade Register within two years and six months.

The companies risking deregistration are listed on the website.

All limited liability companies and co-operatives must prepare financial statements for each financial period, even if they are not carrying out business. The obligation to prepare and file financial statements is based on the Finnish Accounting Act (Chapter 1 section 1; Chapter 3, section 9), the Finnish Limited Liability Companies Act (Chapter 8, section 10), and the Finnish Co-operatives Act (Chapter 8, section 10).

Financial statements that are submitted with the tax return, as instructed by the Finnish Tax Administration, are being forwarded to the Trade Register. In the Virre Information Service, companies can check free of charge if the financial statements have been registered at the Trade Register. Go to the Virre Information Service.

Submit your financial statements to the PRH by 22 March 2019

The deadline of 22 March 2019 for filing the financial statements has been entered in the Trade Register record of the companies that have not yet submitted the documents. A Trade Register extract including the entry has been sent to each company’s address recorded in the Finnish Business Information System. A reminder will also be published in issue No. 146/14 December 2018 of the Official Journal.

Your company will avoid deregistration if you file the financial statements with the PRH without delay. Filing of financial statements is free of charge.

Both the Limited Liability Companies Act and the Co-operatives Act give the PRH the right to request companies to file their financial statements for the financial period that ended over a year ago. If the period is one calendar year, you must now file the financial statements for the period from 1 January to 31 December 2016. Alternatively, you can file the documents for a later financial period.

Read our instructions on how to submit financial statements to the Trade Register.

Deregistration in April 2019

The PRH can deregister even an active company if they – despite reminders – do not file their financial statements by the deadline, 22 March 2019, and if there is no basis for ordering the company into liquidation. Deregistration will take place in April 2019.

Further information:

Trade Register’s Advisory Service, tel. +358 29 509 5900, Mon - Fri 9.00 - 16.15

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Latest update 11.12.2018