Even though inactive companies are not conducting any business, they still need to meet certain annual requirements. Their inactivity does not exempt them from these obligations, the associated costs, or the penalties for failing to comply.
In this situation, the company must meet the following requirements, which typically incur an annual cost of at least 500 euros:
- Corporate tax (annually)
- Annual accounts (annually)
- Corporate records (annually), including at least the minutes book
- Maintaining the digital signature certificate (every two years), which must always remain valid
Failing to meet these obligations can lead not only to financial penalties, but also to the company’s registration being closed and the loss of its Tax ID.
It is also important to note that if the company remains inactive for more than a year, it must either be reactivated or dissolved. Failing to do so makes the company’s directors personally responsible for any obligations the company takes afterward.
Reactivating, dissolving, or liquidating a company is usually a straightforward process, depending on the company’s circumstances. To assess the complexity, we review each case individually. Our team can help guide you on how to proceed with inactive companies and advise on the process and costs involved.
At addwill, we’re here to help if you need more information or want advice on commercial matters. Feel free to reach out to our experts by calling 934 875 200, emailing comunicacio@addwill.eu, or clicking here.