Limited liability companies and co-operatives: Submit your financial statements by 25 May 2020 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 first deregistration in 2020 includes circa 3.800 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 prh.fi website.

All limited liability companies and co-operatives must file their financial statements with the Finnish Trade Register for each financial period, even if they have interrupted or stopped their business activities.

The PRH can deregister even an active business if they – despite reminders – do not submit their financial statements, and there is no basis for ordering the business into liquidation. The deregistration procedure is based in each case on either the Finnish Limited Liability Companies Act (chapter 20, section 4) or the Finnish Co-operatives Act (chapter 23, section 4). Read more about deregistration.

Submit your financial statements to the PRH by 25 May 2020

The deadline of 25 May 2020 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 has also been published in issue No. 13/14 February 2020 of the Official Journal.

Your company will avoid deregistration if you file the financial statements with the PRH without delay.

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 2018. Alternatively, you can file the documents for a later financial period.

Please note that the handling fee is 85 euros if you file financial statements with the Trade Register later than within eight months from the end of the financial period. The fee is applicable for the first time to financial periods that ended in 2019. Do not pay the handling fee in advance. We will send you an invoice after the financial statements have been registered.

Instructions on how to file financial statements are available at prh.fi. The instructions include information like what documents each company form must send to the PRH. Read our instructions on how to submit financial statements to the Trade Register.

Deregistration in June 2020

The PRH can deregister even an active company if they – despite reminders – do not file their financial statements by the deadline, 25 May 2020, and if there is no basis for ordering the company into liquidation. Deregistration will take place in June 2020.

Further information:

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

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Latest update 05.05.2020