A decision regarding changes in the composition of the board of directors shall be taken by the Council if the European commercial company has a two level system of administration. However, if a European commercial company has one level of management system, a decision regarding changes in the composition of the board of directors shall be taken by the meeting of stockholders. The numerical composition of the board of directors and the amount of the representation rights of the members of the board of directors shall conform to that laid down in the articles of association. The minimum number of members of the Management Board shall be 3 and appointed for a term of 5 years, except where the statutes provide for a different, shorter term. A Member of the board of directors shall be deemed to have been appointed from the moment when the decision of the meeting of the Council or the meeting of stockholders was taken, unless a later date for taking up office is specified in the decision. When appointing, revoking or changing the board of directors, information regarding the beneficial owner (hereinafter - PLG) shall also be provided at the same time. If the information on the registered PLG has not changed, this shall be confirmed in the application.

If the board Member has resigned himself, the details of the PLG need not be indicated in the application.

^{* The statutory time limit for examining documents may be extended on the basis of Section 64, Paragraph two of the Administrative Procedure Law.}

In the cases specified in the Law, an application for registration of changes may be sent for inspection to the State Revenue Service. Read more about the assessment of applications received in the Enterprise Register at the State Revenue Service.

Documents to be submitted:

• application form SE2 (signatures to be certified);
• minutes of the meeting of the Council, if a Council has been established (signatures must be certified);
• minutes of the meeting of stockholders, if the Council has not been established (signatures must be certified);
• the consent of the Member of the Management Board to hold office (not to be given if the consent is included in the application) (signatures must be certified);
• a list of the members of the Management Board;
• notice of resignation of a Member of the Management Board if he has resigned himself;
• a questionnaire for inclusion of information in the Register of natural persons (to be signed by the foreigner himself or herself with a secure electronic signature in order to submit electronically; if there is no secure electronic signature, this document shall not be submitted) of a foreigner (foreigner) who has a legal link with Latvia on the basis of which mutual rights and obligations in the field of commercial activities and taxes are formed or have developed, but no personal identity number of the Republic of Latvia has been granted;
• a receipt or a copy thereof, or a printout of an Internet bank payment, or information regarding payment of the State fee.

Deadline for submission of documents in the Enterprise Register: 14 days from the decision.

View information on how to become an official and administrative Member of the merchant, as well as duties and authorisation thereof.