Not Legal Advice
This guide provides general information only and is not legal advice. Company formation requirements and regulations vary by country and change over time. Consult a qualified legal professional before making business decisions. Information current as of January 2025.
Deadline
6 months after fiscal year end (Usually June 30 for calendar year)
What's Required
Financial statements + management report
If You Miss It
Fines + potential forced liquidation
What is the Annual Report?
The annual report (majandusaasta aruanne) is a legally required document that summarizes your company's financial activities for the fiscal year. It must be submitted to the Estonian Business Register every year, regardless of whether your company had any activity.
Yes, even if you had zero revenue, you still need to file.
What's Included in the Annual Report?
Balance Sheet
Snapshot of your company's assets, liabilities, and equity at the end of the fiscal year. Shows what the company owns and owes.
Income Statement
Summary of revenue, expenses, and profit/loss for the year. Shows how the company performed financially.
Cash Flow Statement
Shows the movement of cash in and out of the company. Required for companies above certain thresholds.
Management Report
Narrative describing business activities, significant events, and outlook. Written by the company's management board.
Notes to Financial Statements
Additional explanations and disclosures about the financial statements. Accounting policies, significant transactions, etc.
Key Deadlines
| Fiscal Year End | Filing Deadline |
|---|---|
| December 31, 2024 | June 30, 2025 |
| December 31, 2025 | June 30, 2026 |
| Most Estonian companies use the calendar year (Jan 1 - Dec 31) as their fiscal year. | |
What Happens If You Miss the Deadline?
⚠️ Don't Miss This Deadline
- ✗Fines: The Business Register can impose fines for late filing
- ✗Strike-off warning: After extended non-filing, you'll receive a warning about potential forced liquidation
- ✗Forced liquidation: Companies that don't file for 2+ years may be forcibly liquidated
- ✗Banking issues: Banks may freeze accounts for non-compliant companies
If you realize you've missed the deadline, file as soon as possible. Late filing is better than no filing. Contact your service provider immediately to catch up.
Filing Options: DIY vs Service Provider
DIY Filing
- • Use the e-Business Register portal
- • Requires Estonian accounting knowledge
- • Must prepare all statements yourself
- • Sign with your e-Residency ID card
- • Free (no filing fee)
Best for: Accountants, very simple businesses, or those with Estonian accounting knowledge.
Service Provider (Xolo)
- ✓ Annual report prepared for you
- ✓ Accounting done throughout the year
- ✓ Deadline reminders
- ✓ Digital signature handled
- ✓ Included in Xolo Leap subscription
Best for: Everyone else. Don't risk non-compliance.
Frequently Asked Questions
Everything you need to know before getting started
All information verified as of December 2025. Prices and features subject to change. Always verify current pricing with providers.
