Limited liability companies and co-operatives must submit financial statements to the Finnish Trade Register; even active businesses may risk deregistration

The Finnish Patent and Registration Office (PRH) has sent on 9 April 2018 reminder letters to about 5.000 limited liability companies and co-operatives that have not submitted their financial statements for registration within one year from the end of the financial period.

The PRH can deregister even an active limited liability company or co-operative if they do not file the financial statements by the date given on the letter. Deregistration means that the business is out of action.

The PRH's right to deregister companies that have not filed their financial statements is based in each case on either the Finnish Limited Liability Companies Act or the Finnish Co-operatives Act.

All limited liability companies and co-operatives must draw up financial statements for each financial period, even if they are not carrying out business. The documents must be submitted to the Finnish Trade Register.

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

For more information, please contact:
Ms Terhi Maijala
Head of Law and Supervision
Tel: +358 29 509 5300

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Latest update 10.04.2018