Finland Limited Company Liquidation 2026
Voluntary liquidation of an Oy: General Meeting, liquidator, public summons, dissolution and final settlement.
Short answer
A Finnish Oy cannot be closed informally. For voluntary closure, the General Meeting places the company into liquidation and appoints a liquidator. The liquidator registers the liquidation, applies for a public summons to creditors, settles assets/debts and files dissolution/final settlement after completing the process. PRH states that the procedure generally takes at least five months. In 2026 the liquidation notification fee is EUR 55 and the public-summons application fee EUR 200.
1. Liquidation steps
Checklist
- General Meeting decision
- Liquidator appointment
- Trade Register notification
- Public summons
- Realise assets/pay debts
- Final settlement
- Dissolution notification
2. Public summons is mandatory
The liquidator must apply for a public summons even if there are no known creditors. Known creditors must also be informed at least one month before the due date.
3. 2026 filing change
Under PRH's 2026 guidance, liquidation notifications can no longer be filed on paper; online filing is used.
Common questions about this topic
Can I close an Oy simply by reporting that business ended?
No. Voluntary dissolution of an Oy requires liquidation proceedings.
Official sources
The following official or public sources were checked for this guide. Current authority instructions always take precedence.
Company Administration
Ongoing administrative support for Finnish companies: PRH changes, board documents, compliance calendar and partner coordination.
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