The decision on changes to the composition of the Board shall be taken by the meeting of shareholder The composition of the Council may not be greater than that laid down in the Statute. The Council shall be appointed for a period of 5 years, except where the statutes provide for another, shorter term. A member of the Council shall be deemed to have been appointed at the time of the decision of the meeting of shareholders, unless the decision provides for a later date of entry into office.

We point out that, according to the Commercial Law, members/shareholders have the right to participate and vote at the meeting remotely or to vote before the meeting. Read more in the Explanatory to Remote Participation in Meetings of Members, Shareholders and Members.

Documents to be submitted:

• application form KR18;
• minutes of the meeting of shareholders (to be certified);
• the consent of each member of the Council to take office if a new council is elected;
• list of members of the Council;
• statement of the Member of the Council on leaving the post (if he has resigned himself);
• a third-country national (alien) who has a legal relationship with Latvia on the basis of which mutual rights and duties in the field of commercial activity and taxes are formed or have been established, but has not been granted the personal identity code of the Republic of Latvia, a questionnaire for the inclusion of information in the Register of Natural Persons (to be signed by the third-country national with a secure electronic signature in order to submit electronically;, this document shall not be submitted);
• if it is not possible to submit to the service portal, a receipt or a copy thereof, or a printout of an online bank payment, or information on the payment of the State fee, must be attached.

Time limit for the submission of documents in the Enterprise Register: 14 days from the adoption of the decision.

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