Limited liability companies and co-operatives that have not filed financial statements risk being struck off the Trade Register

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The Finnish Patent and Registration Office (PRH), which maintains the Finnish Trade Register, will deregister limited liability companies and co-operatives that have not filed their financial statements for registration. The third deregistration in 2019 now includes more than 4,300 limited liability companies and co-operatives that - despite reminder letters - 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.

The companies on the list must file their financial statements with the Trade Register by 25 September 2019.

The PRH can deregister even an active limited liability company or co-operative if they do not file the financial statements by the deadline, 25 September 2019, and if there is no basis for ordering the company into liquidation. Deregistration will take place in October 2019.

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 prepare financial statements for each financial period, even if they are not carrying out business. They must also submit the financial statements to the Trade Register.

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.

For more information, please contact:

Ms Terhi Maijala
Head of Law and Supervision
Finnish Patent and Registration Office (PRH)
Tel. +358 29 509 5300


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