Financial statements of an inactive business
By law, all limited liability companies and co-operatives must file their financial statements with the Finnish Trade Register for each financial period. The financial statements must be filed even if the company is inactive, it has not conducted any actual business during the financial period, or it has no assets.
Allowing the public to access financial statements is essential for business transparency. It is also vital for financiers and other stakeholder of companies that the financial statements are available.
Limited liability companies and co-operatives must file financial statements despite a suspension of business
Limited liability companies and co-operatives must file their financial statements with the Finnish Trade Register for each financial period, even if they have suspended their business activities.
Please note that if a limited liability company or co-operative has stopped doing business, it cannot be informally closed. Likewise, it cannot be closed by filing a notification of termination of business with the Finnish Tax Administration. The company must be dissolved through liquidation, which takes at least five months. Read our instructions on the dissolution of limited liability companies.
How to draw up and file financial statements
The PRH cannot give advice on how to draw up financial statements. More information is available from accounting firms, entrepreneur organisations or online.
See our website for more information about financial statement documents and what needs to be filed. Read our instructions: Limited liability companies and co-operatives: how to file financial statements with the Finnish Trade Register.
Instructions for other forms of companies are in the menu.
File the financial statements by the deadline
Filing is free of charge if you use the online service at ytj.fi to file your financial statements within eight months of the end of the financial period. The online service is available in Finnish and Swedish.
We do not extend the deadline for filing financial statements. See the deadlines by company type.
If you file financial statements late, we will impose a fee for late submission. Read more about the fee for late submission.
See the legislation for more information
Chapter 3, section 9 of the Finnish Accounting Act lists the company types that must always file financial statements.