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 Trade Register for each financial period. Companies must file their financial statements even if they have interrupted or stopped their business activities.

The PRH can request your company to file its financial statements to the Trade Register if filing is delayed more than one year from the end of the financial period. Go to our instructions: Filing financial statements directly with the Trade Register.

If you do not file your financial statements despite the requests, the PRH will remove your company from the Trade Register or order it into liquidation.

The PRH will order the liquidation, 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. If you want your company to be ordered into liquidation, notify the PRH and suggest a liquidator.

Please note:

The PRH will remove even active companies from the Trade Register if they do not, despite the requests, file their financial statements.

We do not extend the deadline for filing financial statements.

Deregistration procedure

  1. The PRH sends a request letter and gives your company two weeks to file its financial statements.
  2. If your company fails to file its financial statements, the PRH will publish a reminder in the Official Journal and record the reminder in your company's Trade Register details. About this, the PRH will send your company a Trade Register extract.

    Your company has 3 months to file its financial statements. The PRH will request the company owners and creditors to make their remarks about a possible deregistration or liquidation.
  3. The PRH will remove your company from the Trade Register if your company fails to file its financial statements within the time limit.

Your company will avoid deregistration if you file the financial statements during phases 1–2.

When you file the financial statements, you receive an extract from the Trade Register about the registration of financial statements. If there is a reminder recorded in your company's details (see phase 2 above), it will be removed automatically after 150 days from its registration. The PRH will not remove it earlier.

Go to our instructions: Filing financial statements directly with the Trade Register.

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 Trade Register. Read more about the effects of deregistration.

Can deregistered companies be re-registered?

You may apply for re-entry to the Finnish Trade Register. Go to our instructions: Re-entry of removed companies.

How do I know if my company is risking deregistration?

Lists of all companies who have received reminders and who have been removed from the register are published at prh.fi. Please note the lists are only available in Finnish and in Swedish. You can check the companies risking deregistration on the following pages:

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; and
  • 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; and
  • Co-operatives Act, Chapter 8, section 10.

Read more about the Accounting Act in the reference database of Finnish legislation Finlex (available in Finnish and in Swedish).

Read more about the Limited Liability Companies Act in the reference database of Finnish legislation Finlex (available in Finnish and in Swedish).

Read more about the Co-operatives Act in the reference database of Finnish legislation Finlex (available in Finnish and in Swedish).

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Latest update 01.02.2021