Simplified company liquidation procedure

A legal entity classified as an SME may take advantage of the simplified procedure for ceasing operations if it meets the following conditions:

• Is listed in the SME registry;
• Is not a VAT payer;
• Has no outstanding debts to creditors;
• Contains no inaccurate information in the Unified State Register of Legal Entities;
• Has no outstanding obligations regarding the payment of taxes, fees, and other mandatory payments;
• Does not own real estate or vehicles;
• Is not in the process of liquidation, reorganization, or removal from the Unified State Register of Legal Entities (EGRUL) by decision of the registering authority.
• The above conditions must be met both at the time of submitting the application to the registering authority and at the time of the legal entity’s removal from the Unified State Register of Legal Entities (EGRUL).

The simplified procedure requires a single application to the registration authority requesting the removal of a legal entity classified as an SME from the Unified State Register of Legal Entities.

Provided all conditions are met, the members of the legal entity classified as an SME who have decided to terminate operations shall submit to the registration authority an application for the removal of the legal entity classified as a small or medium-sized enterprise from the Unified State Register of Legal Entities (Form No. R19001).

Based on this single application, the registration authority will carry out the necessary procedures and remove the organization from the Unified State Register of Legal Entities within 3.5 months. The appointment of a liquidator is not required in this case, which is a key difference from the standard procedure.