Continuation of activities of a LLC (SIA)
1. Summary
If the meeting of shareholders has decided on the commencement and termination of liquidation proceedings of the SIA (stage 1 of liquidation of the SIA), then during the time period until liquidation proceedings have been completed the meeting of shareholders has the right to terminate liquidation proceedings and continue operation. The winding-up decision shall simultaneously remove the liquidator and appoint the Management Board.
We note that under commercial Law, participants/shareholders have the right to participate and vote in the meeting remotely, or to vote before the meeting. Read more in the Explanatory Notes on Remote participation in meetings of Members, shareholders and Members section.
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1-3 working days (not including the day of submission)*Review
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from 40,00 EURCosts
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Can be done electronicallySubmit documents
* 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 KR18;
- 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;
- minutes or decision of the meeting of participants (signatures must be certified - or notarially, or with a secure e-signature in order to submit electronically);
- consent of a Member of the board of directors to hold office (not to be submitted if it is included in the application form KR18, Sub-paragraph 3.1) (signatures shall be certified - or notarially or with a secure e-signature in order TO submit electronically);
- if the particular type of service is not available on the e-services portal registrs.ur.gov.lv or the application is submitted via postal services, information regarding payment of the State fee shall be appended (receipt or a copy thereof, or printout of an Internet bank payment or free text information). Important! To make sure that the specific application is submitted electronically to the e-service registrs.ur.gov.lv, please search your service in the detailed list of services.
Deadline for submission of documents in the Enterprise Register: 14 days from the decision.