 | | | | | Companies with no business activity |
If there are objective indicators that a company is no longer in business even though it legally remains in existence, the State can order that the process of administratively liquidating and winding up the company commence.
The law provides for the legal dissolution of companies that have not demonstrated any activity for two consecutive years. If the tax authorities inform the appropriate registry service of the lack of effective business activity of a company or the compulsory declaration that the company has ceased trading, according to the provisions of tax legislation, the company will also be subject to a compulsory winding up procedure. Also, the appropriate registry service will initiate the administrative procedure for the dissolution of a company when the company has failed to file account reports and the competent tax authorities have communicated to the registrar that no tax returns have been filed in the period of two years. | | |  | |
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