The suspension of business activities is a procedure during which a company, not entering into or executing any transactions, settlements with economic entities, and not generating income, may be recognized as inactive. Such an inactive company may be temporarily exempt from submitting tax declarations, waive accounting procedures, and thus suspend its operations. The period of business suspension is up to 5 years.
We would like to emphasize that even though the company’s operations are suspended, financial reports must be submitted annually to the Registry Center. Failure to do so may result in receiving a notification of administrative violation.
Our services include:
- Preparation of necessary documents.
- Representation at the State Tax Inspectorate.
- Provision of legal consultations throughout the entire procedure.
Documents required for the suspension of business activities:
- Company name, code, VAT code, registered office address.
- Information about the company’s manager.
- Number of employed staff.
- Company balance for the start of the non-performance period.
- Period during which the company’s activities are suspended (start and end).
- Contact information.
Deadline: 1-2 business days.
Total*
*all prices are without VAT