Ad­mi­ni­stra­ti­ve en­force­ment to re­mo­ve a com­pa­ny from the Tra­de Re­gis­ter or or­der it into liqui­da­tion

This page contains information about administrative enforcement measures intended for the authorities. It does not apply to the voluntary termination of a company.

Do you want to terminate a company that has stopped operating?

Go to the instructions: Liq­ui­da­tion of lim­ited li­a­bil­ity com­pa­nies​

On this page:

Amended Act: deregistered companies may apply for re-entry to the Finnish Trade Register

The amendment of the Finnish Trade Register Act entered into force on 1 January 2025.

Under the new Act, a company that has been removed from the Finnish Trade Register or ordered into liquidation since 2023 may apply for re-entry to the Finnish Trade Register or termination of the liquidation. The PRH can accept the application if the company’s application meets the requirements set out in the Act.

Effects of deregistration

Deregistration means that the business is out of action. Read more about the effects of deregistration.

Grounds for ordering liquidation or deregistration

The cases below concern procedures initiated by the authorities. A company may be ordered into liquidation or to be deregistered in the following situations:

  • The limited liability company or cooperative has not submitted its financial statements within one year of the end of the financial period despite reminders.
  • The limited liability company or cooperative has not filed their beneficial owner details despite reminders.
  • The company has not filed the details of a competent Board of Directors despite reminders.
  • The company or housing company has ceased operating as referred to in section 29 of the Trade Register Act. This means that the company or housing company has not submitted any notifications to the register in the last ten years, and there is reason to assume that the obliged entity has ceased operating.
  • The company has been declared bankrupt, but the bankruptcy has lapsed due to lack of funds.
  • The company has no registered representative, as referred to in Section 6 of the Act on the Right to Carry on a Trade (122/1919; laki elinkeinon harjoittamisen oikeudesta).

The PRH’s procedure

The PRH sends a reminder letter requesting the company to file the missing details by the deadline to avoid deregistration.

If the company fails to submit the missing details by the deadline, the PRH will impose a negligence fee on the company.​

If the company does not submit the missing details by the deadline stated in the reminder letter or after the negligence fee has been imposed, the PRH will register the reminder in the company’s Trade Register details. The reminder will also be published in the Official Journal. At the same time, the PRH requests the creditors to make any remarks by the deadline. Your company must file the missing details within about 3.5 months.

If the company fails to file the details by the deadline, the PRH will deregister the company or order it into liquidation. The PRH may decide the matter even if no proof of the company receiving the reminder is available.

Read more about the deregistration of limited liability companies and co-operatives that have neglected to submit their financial statements.

For lapsed bankruptcies, the PRH automatically deregisters the company or co-operative, as soon as it has received a notification about the lapse from the court.

When does the PRH order companies into liquidation?

The company will be placed into liquidation or deregistered unless the deficiencies in its registered details are corrected by the deadline. The company will only be ordered into liquidation only if it has enough assets to cover the costs of liquidation or if someone undertakes to bear the costs.

If the company is ordered into liquidation, the liquidation proceedings are almost the same as in liquidations based on a General Meeting decision, except that an entry stating that the liquidation proceedings have begun will automatically be made in the Trade Register.

Read more about liquidation based on the company’s decision.

Re-entering removed companies to the Finnish Trade Register

Read our instructions on applying for re-entry:

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