The PRH deregisters limited liability companies and co-operatives that have not filed their financial statements
All limited liability companies and co-operatives must file their financial statements with the Finnish Trade Register for each financial period. Companies must file their financial statements even if they have suspended or stopped their business activities.
Please note that if the company has not filed its financial statements within a year of the end of the financial period, the PRH imposes first a fee for late submission of financial statements before it requests the company to file its financial statements or else the company will be ordered into liquidation or removed from the Finnish Trade Register. This applies to financial periods that ended on 1 December 2024 or later. Read more about the fee for late submission of financial statements and how it is imposed.
The PRH can request your company to file its financial statements with the Finnish Trade Register, or else the company will be ordered into liquidation or removed from the Finnish Trade Register, if filing of the financial statements is delayed more than one year from the end of the financial period.
If you do not file your financial statements despite our requests, we will remove your company from the Finnish Trade Register or order it into liquidation. We will order the liquidation on application, if we receive a report that the company’s assets are adequate to cover the liquidation costs, or if someone else notifies us that they will cover the liquidation costs.
Deregistration procedure
- The PRH has imposed a fee for late submission of financial statements, as the company has not filed its financial statements for registration within a year of the end of the financial period. Read more about the fee for late submission of financial statements and how it is imposed.
- If your company has failed to file its financial statements for registration despite the imposed fee for late submission, the PRH will send a reminder letter by post to the company’s address, as recorded in the Finnish Business Information System at ytj.fi. The PRH gives your company three weeks to file its financial statements.
- If your company fails to file its financial statements despite the reminder, the PRH will publish the reminder in the Official Journal and record the reminder in your company's Trade Register details. The PRH will send your company a Trade Register extract of the registration. In the reminder, the company owners and creditors are requested to make their remarks about the deregistration of the company or a possible liquidation. The company has 3.5 months to file financial statements with the Finnish Trade Register.
- The PRH will remove your company from the Finnish Trade Register if it fails to file its financial statements within the time limit. The removal can be registered automatically.
If the reminder letters are returned, the PRH will send the reminders to the person responsible for the company. If the person responsible for the company cannot be reached, the information will be served as a public notice on the website prh.fi. The PRH's public notices are published in Finnish and in Swedish.
See a diagram about the deregistration process.
What consequences does deregistration have for a company?
A company cannot carry out business if it is removed from the Finnish Trade Register. Read more about the effects of deregistration.Avautuu uuteen välilehteen
How to lodge an appeal against the PRH’s decision on deregistration
Go to our more detailed instructions via the links below:
Companies removed before 2023Avautuu uuteen välilehteen
Companies removed as of 2023Avautuu uuteen välilehteen
See the legislation for more information
Deregistration (removing a company from the Trade Register):
- Limited Liability Companies Act, Chapter 20, sections 2, 4, 5, and 6.
- Co-operatives Act, Chapter 23, sections 2, 4, 5, and 6.
Filing financial statements with the Trade Register:
- Accounting Act, Chapter 3, section 9.
- Limited Liability Companies Act, Chapter 8, section 10.
- Co-operatives Act, Chapter 8, section 10.