The liquidation shall be carried out in two stages. A decision on termination of activities and commencement of liquidation proceedings shall be taken by the meeting of stockholders. The duties of liquidator shall be performed by the board of directors of the company, unless the meeting of stockholders has decided to appoint another person to the position of liquidator. A company may appoint one or more natural persons as liquidator.

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.

^{* 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 KR13;
• minutes of the shareholders' meeting (signatures to be certified. In cases where the duties of liquidator are performed by a Member of the board of directors of the company (members of the board of directors), signatures on the minutes of the meeting of stockholders need not be certified notarially.);
• the consent of the liquidator to take up the position (signatures must be certified). Need not be submitted if the existing board Member becomes liquidator;
• 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: 3 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.

If an entry in the commercial Register regarding termination of activities has been made on the basis of a decision of the State Revenue Service or Enterprise Register, or if the activities of the company have been terminated on the basis of a court adjudication, and no interested person has recommended a candidate for liquidator to the court, the person interested in liquidation may submit an application regarding the appointment of the liquidator. In such case an application shall be submitted, the consent of the liquidator to take up the position, as well as a receipt or other information regarding payment of the State fee in the amount of the State fee into the Treasury account, which has been notarially certified or signed with a secure electronic signature and time stamp.