Registration of a LLC (SIA) with no minimum capital requirement in the Commercial Register
1. Summary
A low-capital SIA should be registered in the Enterprise Register in order to start a business.
When selecting the registration of low-capital SIA online with automatically prepared documents of the system:
- following the information entered, an application, statute, founding decision and a partition of the membership register will be established.
- You can also generate documents in English by selecting a choice in the data entry form.
- Payment of the registration fee shall be made online after preparation of the application in accordance with the calculated fee.
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1-3 darba dienas (neskaitot iesniegšanas dienu)*Review
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no 20,00 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 KR4, which contains a certification of founders that a payment account has been opened in the name of the company to be founded and payment of the share capital has been made therein (signatures must be certified - or notarially, or with a secure e-signature in order to submit electronically);
- a decision establishing or establishing a Treaty;
- statutes;
- a division of the register of participants (signatures shall be certified - or notarially, or with a secure e-signature in order to submit electronically);
- consent of each Member of the Council to hold office (if a Council has been established)
- the consent of each Member of the Management Board to hold office if the consent is not already included in point 8 of application form KR4 (signatures must be certified - or notarially or with a secure e-signature to be submitted electronically);
- a statement by the board of directors regarding the registered office, which includes a statement that the company is reachable and has a legal basis to be located at the designated legal address. The cadastral designation of the building, premises or apartment shall be indicated in the notification (to be submitted mandatory if the application is not signed by the board of directors);
- 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;
- if the application is submitted by 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).
Documents must be completed/drawn up in Latvian.
Deadline for submission of documents in the Enterprise Register: not specified.