Within thirty days of completion of liquidation proceedings, the liquidator applies for the legal entity to be removed from the relevant public register. Once a legal entity has been removed from the public register, it ceases to exist.
If a legal entity is registered in the companies register, the application is filed by the liquidator. A business corporation that is to be removed from the companies register must seek the consent of the tax authority with which it is registered. Before giving its consent, the tax authority checks whether the tax on disbursed shares in the liquidation surplus has been withheld and paid.