By law an Estonian company cannot be 'paused'. It can be either active, in dissolution, or permanently closed.
However, we understand the necessity of an option like this. On one hand, you could terminate your Xolo Leap service agreement anytime you like to cut costs, but in order to keep your company in the business register, you need to find an alternative service provider who can offer you the legal address and local contact person functions, required by the Business Register. So there's no option to cut your running costs to zero, but they can be reduced.
For Xolo Leap customers in this situation, we might be able to offer you a discount for a limited time. Please contact us at support@xolo.io to learn more about this option and we can discuss the best possible solution for you.
Related articles
- Get Started
- About Xolo Leap
- The basics of Xolo Leap
- Fees
- Company setup
- e-Residency
- Banking
- Opening your account
- Using your account
- Xolo Business Account
- LHV
- Wise
- Other
- Salaries and Dividends
- Receiving funds when operating outside Estonia
- Receiving funds when operating in Estonia
- Dividends
- Expenses
- Claiming Expenses
- Reporting Expenses
- Other Expenses
- Xolo App
- Xolo App
- My Company
- Company Ownership & Governance
- Management Board
- Company Finances
- Company Details
- Share Capital
- Closing/Hibernating Company
- Other
- Invoicing
- Invoicing
- Hiring, Compliance & Reporting
- Hiring
- Compliance
- Annual reports
- Physical goods
- Get started
- Taxes
- Payment Gateways & Marketplaces
- General information
- PayPal
- Stripe
- ID-cards & Software
- About ID-cards & Software
- Software
- Logging in
- Signing Documents
- Forgot PIN/Lost ID-card
- Investments & Cryptocurrencies
- Investments
- Cryptocurrencies
- Travelling
- Business trip rules when operating outside Estonia
- Business trip rules when operating in Estonia
- Referrals
- Referrals
- Taxes
- Taxes
- VAT
- Other
- Self Service
- Other
Can I pause my company?
Last updated: October 15, 2024
Did this answer your question?