The Council shall take a decision regarding changes in the composition of the board of directors. 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 Management Board shall be appointed for a term of 5 years, unless another shorter term is provided for in the Statutes. A Member of the Management Board shall be deemed to be appointed from the moment of the decision of the meeting of the Council, unless a later date for taking up office is specified in the decision.

^{* 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 (signatures to be certified);
• minutes of the meeting of the Council (signatures to 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;
• if 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). 

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.