{"id":25576,"date":"2024-03-01T12:12:19","date_gmt":"2024-03-01T12:12:19","guid":{"rendered":"https:\/\/estx.io\/e-residents-its-time-to-submit-your-annual-report\/"},"modified":"2024-03-01T12:12:19","modified_gmt":"2024-03-01T12:12:19","slug":"e-residents-its-time-to-submit-your-annual-report","status":"publish","type":"post","link":"https:\/\/estx.io\/es\/e-residents-its-time-to-submit-your-annual-report\/","title":{"rendered":"E-residents, it&#8217;s time to submit your company&#8217;s annual report!"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"25576\" class=\"elementor elementor-25576 elementor-24003\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a3b5877 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a3b5877\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b773af2\" data-id=\"b773af2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-95b17ef elementor-widget elementor-widget-text-editor\" data-id=\"95b17ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\" data-preserver-spaces=\"true\">Every company must submit a report to the business register six months after the end of the financial year\u2014even if there is no active business activity. The report&#8217;s Timely submission is important for both the entrepreneur and the state.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6f7699b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6f7699b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a350a5f\" data-id=\"a350a5f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8339571 elementor-widget elementor-widget-heading\" data-id=\"8339571\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Report Submission and Action Timing\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a55cdb3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a55cdb3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c295bbf\" data-id=\"c295bbf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-37ae09a elementor-widget elementor-widget-text-editor\" data-id=\"37ae09a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">The report should be submitted to the commercial register within six months after the financial year ends, typically by June 30 for Estonian companies whose financial year aligns with the calendar year. It&#8217;s advisable to start preparing the report early to account for any new events or transactions, ideally two months before the deadline. Our accountant is already handling annual reports to ensure readiness. It&#8217;s crucial to note that the report must be submitted even if there has been no activity. Additionally, legal entities can conduct electronic meetings for annual report approval, easing decision-making for those in different locations.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e31b066 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e31b066\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9229260\" data-id=\"9229260\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-366ab4d elementor-widget elementor-widget-heading\" data-id=\"366ab4d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Report Type and Detail Level<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7397c4b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7397c4b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-301eb3e\" data-id=\"301eb3e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3c38c65 elementor-widget elementor-widget-text-editor\" data-id=\"3c38c65\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">The Accounting Act categorizes entrepreneurs into four groups by size: micro, small, medium, and large. Each group has minimum reporting requirements. However, entrepreneurs can opt for a more detailed report format, especially if they have stakeholders interested in the annual report. Reports must be in Estonian and the official currency of Estonia, with accuracy levels specified for numerical indicators (e.g., euros, thousands of euros).<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d3338f5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d3338f5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6387b25\" data-id=\"6387b25\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bd06612 elementor-widget elementor-widget-text-editor\" data-id=\"bd06612\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\" data-preserver-spaces=\"true\"><strong>A micro-entrepreneur is a limited company<\/strong> meeting specific criteria on the balance sheet day of the reporting year: total assets up to 175,000 euros, liabilities not exceeding equity, one shareholder who is also a board member, and sales revenue up to 50,000 euros. Depending on their activity, micro-entrepreneurs must submit an abbreviated balance sheet, profit and loss statement, and possibly up to three appendices. Micro-entrepreneurs typically submit concise annual reports with limited information.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8e1ea37\" data-id=\"8e1ea37\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fdf97f3 elementor-widget elementor-widget-text-editor\" data-id=\"fdf97f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>A small enterprise is a business<\/strong> with certain thresholds on the balance sheet day: total assets of 4,000,000 euros, sales revenue of 8,000,000 euros, and an average of 50 employees during the reporting year. They must submit an abbreviated annual report, following Estonian financial reporting standards, comprising a detailed balance sheet, profit and loss statement, and up to 9 appendices. Additionally, a small entrepreneur must prepare an activity report.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-869d741 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"869d741\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b891a6c\" data-id=\"b891a6c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-373beb9 elementor-widget elementor-widget-text-editor\" data-id=\"373beb9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>A medium-sized enterprise is a business<\/strong> whose indicators can exceed the following conditions on the balance sheet date of the reporting year: total assets of 20,000,000 euros, sales revenue of 40,000,000 euros, An average number of employees of 250 during the reporting year.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7176700\" data-id=\"7176700\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-281a4a8 elementor-widget elementor-widget-text-editor\" data-id=\"281a4a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>A large enterprise is a business<\/strong> whose indicators on the balance sheet date of the reporting year exceed the following conditions: total assets of 20,000,000 euros, sales revenue of 40,000,000 euros. The average number of employees during the reporting year of 250 people.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-109aed5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"109aed5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b422266\" data-id=\"b422266\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-02b18c7 elementor-widget elementor-widget-text-editor\" data-id=\"02b18c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>Medium and large enterprises<\/strong> must submit a full report, adhering to the financial reporting standard they apply. Typically, this includes an activity report and an accounting report comprising main reports such as the balance sheet, income statement, cash flow statement, and statement of changes in equity, along with appendices.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-112058e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"112058e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-45b6d00\" data-id=\"45b6d00\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-396b36a elementor-widget elementor-widget-heading\" data-id=\"396b36a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Who can read the report and who can write it?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d63852c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d63852c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-62963c1\" data-id=\"62963c1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-da8623e elementor-widget elementor-widget-text-editor\" data-id=\"da8623e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\" data-preserver-spaces=\"true\">Submission of the annual report is mandatory, but it is not only known to the state &#8211; it is a public document that anyone from the Business Register can obtain.<\/span><\/p><p><span style=\"color: #000000;\">If you submit a report on time and it is meaningful, it gives\u00a0a good\u00a0signal to a potential business partner that you are a reliable entrepreneur. Of course, the readership does not have to be limited to commercial companies: for example, online shopping has become customary these days, but before making a purchase, you should ensure the merchant&#8217;s reliability. As an official public document, the annual report provides the\u00a0strongest\u00a0assurance for this. Therefore, it is worth thinking about the client when preparing reports.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8c8602e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8c8602e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-96a1b84\" data-id=\"96a1b84\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6dcb177 elementor-widget elementor-widget-heading\" data-id=\"6dcb177\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What accounting data is required for the report?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cc007c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cc007c2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f128a8a\" data-id=\"f128a8a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0328913 elementor-widget elementor-widget-text-editor\" data-id=\"0328913\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">The basis for preparing the financial year report is the transactions that have occurred during the financial year and are recorded in the accounts. At this point, it is\u00a0important\u00a0to consider whether all the transactions you sent to our accountant are reflected in your company&#8217;s accounting and whether all\u00a0basic\u00a0documents and checks have been entered.<\/span><\/p><p><span style=\"color: #000000;\">Therefore, the preparations described above are part of your company&#8217;s continuous accounting and have already been checked by us; if you have the monthly package and it is done and it is in order, then as a rule, you do not need to prepare the annual report before putting together the annual report.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-729fabf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"729fabf\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f2d0d24\" data-id=\"f2d0d24\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-44f0357 elementor-widget elementor-widget-heading\" data-id=\"44f0357\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What exactly needs to be done?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bb8eba8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bb8eba8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c67db26\" data-id=\"c67db26\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2cc3a1c elementor-widget elementor-widget-text-editor\" data-id=\"2cc3a1c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\" data-preserver-spaces=\"true\">The management board submits the approved financial year report, together with the profit distribution or loss coverage proposal, sales revenue distribution, and the sworn auditor&#8217;s report, if the audit is mandatory, to the commercial register within six months of the end of the financial year. <\/span><span style=\"color: #000000;\" data-preserver-spaces=\"true\">Compiling and submitting the financial year report includes six stages in summary:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-766b004 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"766b004\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6a76a6e\" data-id=\"6a76a6e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ae90d6 elementor-widget elementor-widget-text-editor\" data-id=\"7ae90d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li><span style=\"color: #000000;\">preparation of your company&#8217;s annual accounting report by an ex accountant;<\/span><\/li><li><span style=\"color: #000000;\" data-preserver-spaces=\"true\">Compilation of an activity report by you as a partner;<\/span><\/li><li><span style=\"color: #000000;\" data-preserver-spaces=\"true\">approval of the annual report;<\/span><\/li><li><span style=\"color: #000000;\" data-preserver-spaces=\"true\">auditor control if necessary;<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-23982ac\" data-id=\"23982ac\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bb27d7c elementor-widget elementor-widget-text-editor\" data-id=\"bb27d7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li><span style=\"color: #000000;\" data-preserver-spaces=\"true\">drawing up a proposal for the distribution of profit for the financial year and deciding to distribute profit or cover losses;<\/span><\/li><li><span style=\"color: #000000;\" data-preserver-spaces=\"true\">submitting the annual report for approval;<\/span><\/li><li><span style=\"color: #000000;\" data-preserver-spaces=\"true\">And we were finally filing in the business register.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d7397a8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d7397a8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8aca558\" data-id=\"8aca558\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e2e9703 elementor-widget elementor-widget-text-editor\" data-id=\"e2e9703\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000; background-color: var( --e-global-color-secondary ); font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, 'Noto Sans', sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji'; font-size: 1rem;\">Depending on the company&#8217;s size, the fourth stage is sometimes irrelevant &#8211; smaller companies do not need to hire an auditor. If the board member is also the owner, there is no need to do anything additional in the third stage\u00a0either.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b25ecd0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b25ecd0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-056d7b7\" data-id=\"056d7b7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dc6bced elementor-widget elementor-widget-heading\" data-id=\"dc6bced\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why is it important to report on time?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ac4b596 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ac4b596\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-32040a8\" data-id=\"32040a8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-47ad2c9 elementor-widget elementor-widget-text-editor\" data-id=\"47ad2c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\" data-preserver-spaces=\"true\">The annual report must be submitted on time. This shows partners and customers that the company is competitive, has a reliable reputation, and presents its activities correctly.<\/span><\/p><p><span style=\"color: #000000;\" data-preserver-spaces=\"true\">The Estonian state ensures the transparency of the economic environment for the effective aggregation of forecasts and statistics. It is very important to have the correct data for each company, whether it is small or large, to have a correct overall picture of the economy.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e7fdb16 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e7fdb16\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-23a938c\" data-id=\"23a938c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Every company must submit a report to the business register six months after the end of the financial year\u2014even if there is no active business activity. The report&#8217;s Timely submission is important for both the entrepreneur and the state. Report Submission and Action Timing The report should be submitted to the commercial register within six [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":25578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-25576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categorizar"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>E-residents, it&#039;s time to submit your company&#039;s annual report! - estx, Your e-Residency Services<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/estx.io\/es\/e-residents-its-time-to-submit-your-annual-report\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E-residents, it&#039;s time to submit your company&#039;s annual report! - estx, Your e-Residency Services\" \/>\n<meta property=\"og:description\" content=\"Every company must submit a report to the business register six months after the end of the financial year\u2014even if there is no active business activity. 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