Liquidation of a company

Termination of activity, closure and deletion of a company from the Commercial Register.

What does liquidation of a company mean?

The liquidation of a company is a process in which the following occurs:

  • 1
    The company ceases its operational activities.
  • 2
    The state authorities (NAS and NOI for the liquidation) are notified.
  • 3
    A deadline is given to all third parties to present their claims to the company.
  • 4
    If there is property, it is sold off.
  • 5
    A final accounting report for the company is being prepared.
  • 6
    The company is deleted from the commercial register and ceases to exist.
  • 7
    A tax return is submitted for the last accounting period (from 01.01 to the date of deletion of the company).

Do you have questions about the procedure or do you want to declare the liquidation of your company?

How does the liquidation of a company happen?

  • 1
    The NRA is notified of the liquidation and has a period of 2 months to issue a certificate.
  • 2
    The beginning of the liquidation is entered in the Commercial Register. A liquidator is appointed.
  • 3
    An invitation is entered in the Commercial Register to the creditors, who have 6 months to file claims.
  • 4
    The NOI is notified of the liquidation within the first 30 days of the previous 6 months and the institute issues a certificate.
  • 5
    After 6 months from the entry of the invitation, the company is deleted from the Commercial Register.
  • 6
    Within 30 days of the deletion, a final tax declaration is submitted to the National Revenue Agency.

Do you have questions about the procedure or do you want to request registration?

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    Other services from Anagami

    Accounting services

    Payroll services

    Tax and legal consultations

    Building accounting teams

    Company registration

    Liquidation of a company

    VAT registration

    VAT deregistration