PRH - National Board of Patents and Registration of Finland

10/09/2019 | Press release | Distributed by Public on 10/08/2019 23:05

Limited liability companies and co-operatives: Submit your financial statements by 22 January 2020 to avoid deregistration

The Finnish Patent and Registration Office (PRH) will remove from the Finnish Trade Register limited liability companies and co-operatives that - despite reminder letters - have not filed their financial statements for registration.

Companies risking deregistration

Our 5th deregistration in 2019 now includes 4,400 limited liability companies and co-operatives that 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.

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.

The PRH can deregister even an active business if they - despite reminders - do not submit their financial statements, and there is no basis for ordering the business into liquidation. The deregistration procedure is based in each case on either the Finnish Limited Liability Companies Act (chapter 20, section 4) or the Finnish Co-operatives Act (chapter 23, section 4).

Submit your financial statements to the PRH by 22 January 2020

The deadline of 22 January 2020 for filing the financial statements has been entered in the Trade Register record of the companies that have not yet submitted the documents. A Trade Register extract including the entry has been sent to each company's address recorded in the Finnish Business Information System. A reminder will also be published in issue No. 79/11 October 2019 of the Official Journal.

Your company will avoid deregistration if you file the financial statements with the PRH without delay.

Filing of financial statements is free of charge.

Both the Limited Liability Companies Act and the Co-operatives Act give the PRH the right to request companies to file their financial statements for the financial period that ended over a year ago. If the period is one calendar year, you must now file the financial statements for the period from 1 January to 31 December 2017. Alternatively, you can file the documents for a later financial period. Read our instructions on how to submit financial statements to the Trade Register.

Deregistration in February 2020

The PRH can deregister even an active company if they - despite reminders - do not file their financial statements by the deadline, 22 January 2020, and if there is no basis for ordering the company into liquidation. Deregistration will take place in February 2020.

Further information:

Trade Register's Advisory Service
tel. +358 29 509 5900
Mon - Fri 9.00 - 16.15

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Latest update 09.10.2019