Effects of deregistration

Deregistration takes effect when it is recorded in the Finnish Trade Register.

What does deregistration mean?

Deregistration means that the company is out of action. Once deregistered, the company cannot acquire rights nor give undertakings.

The representatives may however take measures necessary for the repayment of the company’s debts or the preservation of the value of the company’s assets.

The deregistered company no longer has an exclusive right to its company name based on the registration. Read more about the exclusive right to a company name.

Who may represent a deregistered company?

If necessary, a deregistered company may be represented by one or several representatives appointed in a shareholders’ meeting.

How can the assets of the deregistered company be distributed?

Please note that the assets of the company cannot be distributed without liquidation. However, in five years from the deregistration, the representatives may distribute the assets of the company to parties entitled to shares in the distribution, if the assets do not exceed 8,000 euros and if the company has no known creditors. Those receiving assets are liable for the payment of the debts of the company up to the amount that they have received.

See our instructions on how to apply for liquidation of a deregistered limited liability company.

What are the tax consequences of deregistration?

For more information about tax consequences, please contact the Finnish Tax Administration. Go to the contact details of the Finnish Tax Administration at vero.fi.Open link in a new tab

See the legislation for more information

Read more in chapter 20, section 20–22 of the Limited Liability Companies ActOpen link in a new tab in Finlex Data Bank in Finnish or Swedish.