{"id":1,"date":"2026-03-09T13:30:50","date_gmt":"2026-03-09T11:30:50","guid":{"rendered":"http:\/\/uronline.lv\/?p=1"},"modified":"2026-03-09T13:30:53","modified_gmt":"2026-03-09T11:30:53","slug":"establishment-of-a-new-company","status":"publish","type":"post","link":"https:\/\/uronline.lv\/en\/establishment-of-a-new-company\/","title":{"rendered":"Incorporation and registration of a limited liability company [2026]"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"1\" class=\"elementor elementor-1\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-36fed713 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"36fed713\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-74e78e3f\" data-id=\"74e78e3f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6301220 elementor-widget elementor-widget-image\" data-id=\"6301220\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"671\" src=\"https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/Uznemuma-SIA-dibinasana-un-registracija-2026.jpg\" class=\"attachment-large size-large wp-image-4300\" alt=\"Incorporation and registration of a limited liability company 2026\" srcset=\"https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/Uznemuma-SIA-dibinasana-un-registracija-2026.jpg 940w, https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/Uznemuma-SIA-dibinasana-un-registracija-2026-300x251.jpg 300w, https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/Uznemuma-SIA-dibinasana-un-registracija-2026-768x644.jpg 768w, https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/Uznemuma-SIA-dibinasana-un-registracija-2026-14x12.jpg 14w, https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/Uznemuma-SIA-dibinasana-un-registracija-2026-600x503.jpg 600w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d7713f elementor-widget elementor-widget-heading\" data-id=\"2d7713f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Incorporation and registration of a limited liability company [2026]<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-367d1b1 elementor-align-center elementor-widget elementor-widget-post-info\" data-id=\"367d1b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-c3dd86c elementor-inline-item\" itemprop=\"author\">\n\t\t\t\t\t\t<a href=\"https:\/\/uronline.lv\/en\/author\/jurists\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-user-circle\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-author\">\n\t\t\t\t\t\t\t\t\t\tlawyer J\u0101nis Liepi\u0146\u0161\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-85f0f73 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/uronline.lv\/en\/2026\/03\/09\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>March 9, 2026<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6081c5f7 elementor-widget elementor-widget-text-editor\" data-id=\"6081c5f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Company <a href=\"https:\/\/uronline.lv\/en\/product\/sia-registration\/\">Forming a limited liability company<\/a> - This is a simplified guide to setting up and registering a limited liability company with the Register of Companies, from choosing the right business structure to meeting the legal requirements.<\/p>\n<p>Here you will find all the information you need about the process of setting up and registering a limited liability company, the documents required for setting up a company and the costs of registration.<\/p>\n<p>Manual to comply with changes <a href=\"https:\/\/likumi.lv\/ta\/id\/5490-komerclikums\">Commercial Law<\/a>, which enters into force on 01.01.2026.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56bd174 elementor-widget elementor-widget-image\" data-id=\"56bd174\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"93\" src=\"https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/komerclikums-01012026-768x93.jpg\" class=\"attachment-medium_large size-medium_large wp-image-4225\" alt=\"\" srcset=\"https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/komerclikums-01012026-768x93.jpg 768w, https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/komerclikums-01012026-300x36.jpg 300w, https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/komerclikums-01012026-1024x123.jpg 1024w, https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/komerclikums-01012026-18x2.jpg 18w, https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/komerclikums-01012026-600x72.jpg 600w, https:\/\/uronline.lv\/wp-content\/uploads\/2025\/08\/komerclikums-01012026.jpg 1262w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-e5f6d89 e-flex e-con-boxed e-con e-parent\" data-id=\"e5f6d89\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4996e25 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"4996e25\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;marker_view&quot;:&quot;numbers&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tContents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__4996e25\" aria-expanded=\"true\" aria-label=\"Open the table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__4996e25\" aria-expanded=\"true\" aria-label=\"Close the table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__4996e25\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-46325fd e-flex e-con-boxed e-con e-parent\" data-id=\"46325fd\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-ae7c438 e-con-full e-flex e-con e-child\" data-id=\"ae7c438\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c2c874d elementor-widget elementor-widget-heading\" data-id=\"c2c874d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The process of setting up an LLC: 6 steps<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd098d9 elementor-widget elementor-widget-text-editor\" data-id=\"dd098d9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Before you start the process of setting up an LLC, make sure you have everything you need for a quick registration.<\/p>\n<p>The process of setting up a company involves a number of steps, including registering with the Commercial Register of Companies and opening a fintech company or bank account.\u00a0<\/p>\n<p>Below you will find the necessary sequence of the company formation process.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29e7540 elementor-widget elementor-widget-heading\" data-id=\"29e7540\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. Choice of name and registered office<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45376bc elementor-widget elementor-widget-text-editor\" data-id=\"45376bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"col col-sm-9 col-md-10\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The name of the company must be unique, in Latvian, and must not include the words \"state\" or \"municipality\".<\/span><\/strong><br class=\"ng-star-inserted\" \/><span class=\"ng-star-inserted\">Before submitting the documents, it is important to check the Companies Register database to see if a similar name already exists. The registered office, on the other hand, must be an actual building or premises with a cadastral number where the company can be reached for official correspondence.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ec3cd1 elementor-widget elementor-widget-heading\" data-id=\"7ec3cd1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. Appointment of the Company's Board of Directors<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e9297b elementor-widget elementor-widget-text-editor\" data-id=\"9e9297b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"col col-sm-9 col-md-10\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Management Board may be composed of one or more natural persons who have the capacity to act and who have not been deprived of their right to conduct a business by a court decision.<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0The Board is the executive body that governs and represents the company. The constituent documents must specify whether the members of the board will represent the LLC individually or jointly. Each board member must give written consent to hold the position (usually included in the application form).<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d51c27f elementor-widget elementor-widget-heading\" data-id=\"d51c27f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. prepare the instruments of incorporation<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4081142 elementor-widget elementor-widget-text-editor\" data-id=\"4081142\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The main founding documents are <\/span><\/strong><\/p>\n<ul>\n<li class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">the instrument of incorporation (if there is one founder) or the memorandum of association (if several)<\/span><\/strong><\/li>\n<li class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Statutes<\/span><\/strong><\/li>\n<li class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Compartment of the register of members<\/span><\/strong><\/li>\n<li><strong>application form KR4<\/strong><\/li>\n<\/ul>\n<p><span class=\"ng-star-inserted\">Most of these model documents can be found and customised on the Register of Companies' website.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38c0691 elementor-widget elementor-widget-heading\" data-id=\"38c0691\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. Contributes share capital<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf50f39 elementor-widget elementor-widget-text-editor\" data-id=\"bf50f39\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A full-capital SIA has a minimum share capital of \u20ac2,800, while a small-capital SIA can be set up with a capital of as little as \u20ac1.<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">If you are setting up a limited liability company, you must pay money into a temporary bank account before registration. In the case of a small-capital LLC, the founders can only pay the share capital in cash.<\/span><\/p>\n<p><strong>When you open a temporary account, you will need the incorporation documents, the memorandum or articles of association of your limited liability company. This means you will need to have <a href=\"https:\/\/uronline.lv\/en\/product\/registration\/\">documents for registering a limited liability company<\/a>.\u00a0<\/strong><\/p>\n<p>The share capital is payable in full by the time of application.\u00a0<\/p>\n<p>The cash contribution must be paid into a suspense account.<\/p>\n<p>For more information on the possibilities to contribute share capital -\u00a0<a href=\"https:\/\/uronline.lv\/en\/share-capital-of-sia\/\">Share capital in an LLC: Tips and Options.<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55ebcc6 elementor-widget elementor-widget-heading\" data-id=\"55ebcc6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">5. Electronic signing of documents<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b846ed elementor-widget elementor-widget-text-editor\" data-id=\"7b846ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Documents must be signed with a secure electronic signature (eID card or eParaksts mobile), which is the fastest and cheapest way to start a business.<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">If a participant does not have an e-signature, signatures will have to be notarised, which will incur additional costs and time. The signatures of all founders on the application and the register of members must be simultaneous.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0ce6cd elementor-widget elementor-widget-heading\" data-id=\"c0ce6cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">6. Filing of the LLC Incorporation Documents and Payment of the Stamp Duty<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56a1bed elementor-widget elementor-widget-text-editor\" data-id=\"56a1bed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The application and accompanying documents must be submitted electronically via <\/span><\/strong> <a href=\"https:\/\/www.ur.gov.lv\/lv\/registre\/\">The self-service portal of the Register of Companies<\/a>.<\/p>\n<p>Upload your documents to the Register of Companies portal and pay the state fee <strong>75.00 EUR. <\/strong>The State fee for registration of a Small Capital LLC is 20.00EUR.<\/p>\n<div>After submission to the UR, the notary public will examine the documents within 1 -3 working days. If everything is in order, you will receive a decision to enter the company in the Commercial Register.<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-76aa222 e-flex e-con-boxed e-con e-parent\" data-id=\"76aa222\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-083d808 elementor-widget elementor-widget-heading\" data-id=\"083d808\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is an LLC?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-f8a9ad4 e-flex e-con-boxed e-con e-parent\" data-id=\"f8a9ad4\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-493d192 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"493d192\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A limited liability company is a limited liability company whose share capital consists of contributions from its members and whose shares are not publicly available.<\/p>\n<p>A limited liability company is a legal person and is deemed to be established and acquires the status of a legal person on the date on which it is registered <a href=\"https:\/\/www.ur.gov.lv\/lv\/\">Register of companies<\/a> in the commercial register.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-f603770 e-flex e-con-boxed e-con e-parent\" data-id=\"f603770\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-436497f elementor-widget elementor-widget-heading\" data-id=\"436497f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Options for setting up a limited liability company<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-9604d71 e-flex e-con-boxed e-con e-parent\" data-id=\"9604d71\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-cfd6009 e-con-full e-flex e-con e-child\" data-id=\"cfd6009\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6048113 elementor-widget elementor-widget-image\" data-id=\"6048113\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/SIA_VARIACIJAS.jpg\" class=\"attachment-large size-large wp-image-1118\" alt=\"\" srcset=\"https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/SIA_VARIACIJAS.jpg 900w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/SIA_VARIACIJAS-300x200.jpg 300w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/SIA_VARIACIJAS-768x512.jpg 768w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/SIA_VARIACIJAS-600x400.jpg 600w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-6758b07 e-con-full e-flex e-con e-child\" data-id=\"6758b07\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aea8c3c elementor-widget elementor-widget-text-editor\" data-id=\"aea8c3c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Setting up an LLC starts with choosing a business. When setting up a new company, you need to choose the amount of initial share capital. If the share capital is planned to be up to EUR 2800, for example EUR 1, then <a href=\"https:\/\/uronline.lv\/en\/product\/registration-of-small-capitals-sia\/\">Small capital SIA<\/a>.\u00a0<\/p>\n<p>In this guide, we will talk about setting up and registering a limited liability company with full share capital of at least \u20ac2800.\u00a0\u00a0<\/p>\n<p>The formation process of a Small Capital LLC and a Full Capital LLC is similar.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-dfd06fa e-flex e-con-boxed e-con e-parent\" data-id=\"dfd06fa\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0e06658 elementor-widget elementor-widget-heading\" data-id=\"0e06658\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Setting up a limited liability company. Advantages.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07593f6 elementor-widget elementor-widget-text-editor\" data-id=\"07593f6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There are several options for the establishment and registration of a full capital company with a share capital of at least EUR 2800 <strong>benefits<\/strong>.<\/p>\n<ul>\n<li>Such companies have more credibility in the business environment<\/li>\n<li>Exceptional dividend payment option<\/li>\n<li>One person may own several such companies.<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-ec1d443 e-flex e-con-boxed e-con e-parent\" data-id=\"ec1d443\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-874a81d elementor-widget elementor-widget-heading\" data-id=\"874a81d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Extraordinary dividends<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-937d6c7 e-flex e-con-boxed e-con e-parent\" data-id=\"937d6c7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-16d35a6 elementor-widget elementor-widget-text-editor\" data-id=\"16d35a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Extraordinary dividends. According to <a href=\"https:\/\/likumi.lv\/ta\/id\/5490-komerclikums\" target=\"_blank\" rel=\"noopener\">For the Commercial Code<\/a> for a limited liability company, dividends are determined and paid in accordance with a resolution of the members' meeting. The members of the company may decide on the payment of dividends every 3 months after the payment of the previous dividend. It should be noted that the LLC must not have tax debts and the Company may pay out in extraordinary dividends not more than 85 per cent of the profits made in the period for which the extraordinary dividend is determined.<\/p>\n<p><strong>The payment of extraordinary dividends could be a major relief for service providers or micro-businesses, where under certain conditions no salary can be paid.<\/strong><\/p>\n<p>The corporation tax (CIT) on dividend payments is 20%.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Extraordinary dividends are prohibited in a small-capital LLC.<\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-0541e87 e-flex e-con-boxed e-con e-parent\" data-id=\"0541e87\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-83e4b9e elementor-widget elementor-widget-heading\" data-id=\"83e4b9e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Dividends as an alternative to a salary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-e37f2c6 e-flex e-con-boxed e-con e-parent\" data-id=\"e37f2c6\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1f12957 elementor-widget elementor-widget-text-editor\" data-id=\"1f12957\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Dividends are a distribution of a company's net profits to its owners and are a more tax-efficient form of income than salaries because they are not subject to compulsory national social insurance contributions (NICs).<\/span><\/strong><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">By choosing to receive dividends instead of salary increases, a business owner can significantly reduce the overall tax burden. The main difference is that salaries are subject to social contributions and personal income tax for both the employer and the employee, whereas dividends in Latvia are only subject to corporate income tax (CIT) of 20% of the gross amount (or 25% of the net amount) at the time of payment.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">However, dividends can only be paid out of profits after all taxes and debts have been paid, and only if the company has no uncovered losses from previous years. Board members must also comply with the minimum salary requirements of the law if the company's turnover exceeds certain thresholds to avoid the risks of \"fictitious\" unpaid work.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-74c95aa e-flex e-con-boxed e-con e-parent\" data-id=\"74c95aa\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1bfb34e elementor-widget elementor-widget-heading\" data-id=\"1bfb34e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">When can I not be paid?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-3d6d920 e-flex e-con-boxed e-con e-parent\" data-id=\"3d6d920\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2982e70 elementor-widget elementor-widget-text-editor\" data-id=\"2982e70\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/uronline.lv\/en\/arkart-dividends\/\">Extraordinary dividend<\/a> payment could be an important relief for service providers or micro-businesses, where wages can be waived under certain conditions.<\/p>\n<p>Members of the company's board of directors do not have to have an employment contract and pay themselves a salary if the following conditions are met:<\/p>\n<ul>\n<li>the company has one member, who is a member of the management board<\/li>\n<li>monthly turnover does not exceed 5 minimum monthly salaries of EUR 3 900 From 2027 this threshold will be 4100EUR!<\/li>\n<\/ul>\n<p>If the sole member of the limited liability company and the member of the board of directors himself provides a service and produces and sells goods in small quantities, he can pay himself dividends once a year or extraordinary dividends every 3 months.<\/p>\n<p>The corporation tax (CIT) on dividend payments is 20%.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-671233d e-flex e-con-boxed e-con e-parent\" data-id=\"671233d\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ee748b0 elementor-widget elementor-widget-heading\" data-id=\"ee748b0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Name of company SIA<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-7474252 e-flex e-con-boxed e-con e-child\" data-id=\"7474252\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-1caf3b0 e-con-full e-flex e-con e-child\" data-id=\"1caf3b0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-644f3a1 elementor-widget elementor-widget-image\" data-id=\"644f3a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/uronline.lv\/wp-content\/uploads\/2023\/08\/5238393_1280-1024x682.jpg\" class=\"attachment-large size-large wp-image-1153\" alt=\"company name SIA\" srcset=\"https:\/\/uronline.lv\/wp-content\/uploads\/2023\/08\/5238393_1280-1024x682.jpg 1024w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/08\/5238393_1280-300x200.jpg 300w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/08\/5238393_1280-768x512.jpg 768w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/08\/5238393_1280-600x400.jpg 600w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/08\/5238393_1280.jpg 1280w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-ff6b4d0 e-con-full e-flex e-con e-child\" data-id=\"ff6b4d0\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7cb15dc elementor-widget elementor-widget-text-editor\" data-id=\"7cb15dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Check that the chosen company name is not already in use and that it complies with legal regulations.<\/strong><\/p>\n<p>Finding the perfect name for your business might not be so difficult. It doesn't have to match the names of your products, services or brands. However, there are some limitations to consider:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0277610 elementor-widget elementor-widget-text-editor\" data-id=\"0277610\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul>\n<li>may not include the names of state or local government bodies (institutions) or the word \"state\" or \"local government\"<\/li>\n<li>cannot include the words \"Republic of Latvia\" and their translation into a foreign language<\/li>\n<li>cannot contain misleading information about the form of business, such as \"AS\", \"IC\", etc.<\/li>\n<li>the use of names containing obscenities and ambiguous terms (contrary to good manners) is not permitted<\/li>\n<li>cannot coincide with an already registered trade mark or part thereof. Check the trademarks registered with the Patent Office\u00a0<a style=\"background-color: #ffffff; cursor: pointer; transition: text-decoration 0.35s ease-in-out 0s; color: #556b9d;\" href=\"http:\/\/www.lrpv.gov.lv\/precu-zimes\/datubazes\" target=\"_blank\" rel=\"noopener noreferrer\">Trademark Locator<\/a><\/li>\n<li>cannot coincide with any of the registrations already registered or applied for with the Register of Companies <a href=\"https:\/\/www.ur.gov.lv\/lv\/meklesanas-rezultati\/\" target=\"_blank\" rel=\"noopener\">the name of the entity.\u00a0<\/a><br \/>Existing names can be checked <a href=\"https:\/\/www.lursoft.lv\/\">Lursoft database.<\/a><\/li>\n<li>Punctuation, spaces and the use of capital or small letters are not sufficient to distinguish one name from another.<\/li>\n<\/ul>\n<p>When planning your business development and digital presence, it is worth looking into whether domain names such as .lv or .eu are freely available. You can check for Latvian (.lv) domain names\u00a0 <a href=\"https:\/\/www.nic.lv\/\" target=\"_blank\" rel=\"noreferrer noopener\">NIC<\/a> on the home page, and European and Worldwide domain names\u00a0<a href=\"https:\/\/instantdomainsearch.com\/\" target=\"_blank\" rel=\"noopener\">InstantDomainSearch<\/a> on the domain search platform. \u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-46a98ff e-flex e-con-boxed e-con e-parent\" data-id=\"46a98ff\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c223b67 elementor-widget elementor-widget-heading\" data-id=\"c223b67\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Registered office of the company SIA<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-935675f elementor-widget elementor-widget-text-editor\" data-id=\"935675f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You cannot set up and register a limited liability company without a registered office.<\/p>\n<p>Every company is obliged to register an address where the board of directors can be reached.<\/p>\n<ol>\n<li>The easiest way to register a registered office is in a property you own, a house or an apartment.<\/li>\n<li>Legal address on real estate owned by friends or family members. In this case, you will need the property owner's consent to register your company's registered office. Consent does not have to be given to the Companies Registry!<\/li>\n<li>Office or place of business. When renting out premises, landlords usually agree to register a legal address.<\/li>\n<li>A virtual office or address where only correspondence is received. Such a legal address may have a low level of trust. Often, such addresses are used to register fictitious companies that have problems with <a href=\"https:\/\/www.vid.gov.lv\/lv\">National Revenue Service<\/a> (SRS) and other national authorities. The record in Riga is <a href=\"https:\/\/www.lursoft.lv\/adrese\/vilandes-iela-12-3-riga-lv-1010\" target=\"_blank\" rel=\"noopener\">435 companies at one address!<\/a><\/li>\n<\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-35508ed e-flex e-con-boxed e-con e-parent\" data-id=\"35508ed\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0bc1707 elementor-widget elementor-widget-heading\" data-id=\"0bc1707\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Management structure of SIA<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e1ecbd3 elementor-widget elementor-widget-image\" data-id=\"e1ecbd3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/uronline.lv\/wp-content\/uploads\/2024\/04\/1254520_81286112-300x200.jpg\" class=\"attachment-medium size-medium wp-image-1890\" alt=\"Management structure of SIA\" srcset=\"https:\/\/uronline.lv\/wp-content\/uploads\/2024\/04\/1254520_81286112-300x200.jpg 300w, https:\/\/uronline.lv\/wp-content\/uploads\/2024\/04\/1254520_81286112-768x512.jpg 768w, https:\/\/uronline.lv\/wp-content\/uploads\/2024\/04\/1254520_81286112-600x400.jpg 600w, https:\/\/uronline.lv\/wp-content\/uploads\/2024\/04\/1254520_81286112.jpg 798w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c4cf534 elementor-widget elementor-widget-heading\" data-id=\"c4cf534\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Participant.<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e5eeb7a elementor-widget elementor-widget-text-editor\" data-id=\"e5eeb7a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A member of a limited liability company is a person entered in the register of members who owns one or more shares in the company.<\/p>\n<p>A share entitles a member to participate in the management of the company, the distribution of profits and the distribution of the assets of the LLC in the event of the company's liquidation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1af2cc6 elementor-widget elementor-widget-heading\" data-id=\"1af2cc6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Board.<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c59febf elementor-widget elementor-widget-text-editor\" data-id=\"c59febf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The executive body of the Company is the Board of Directors, which manages and represents the Company Ltd.<\/p>\n<p>The Board may be composed of one or more members. In a small-capital limited liability company, all the members of the board are members of the company. A chairman may be elected from among the members of the board to organise the work of the board.<\/p>\n<p>Members of the Board are appointed for an indefinite term, unless the statutes provide for a specific term of office.<\/p>\n<p>All members of the Management Board shall have the rights of representation set out in the Statutes. The members of the Management Board may be granted individual or joint representation rights. In determining the rights of representation, the principle that each member of the Management Board shall have effective rights of representation shall be respected. For example, if there are two members of the board, it is not possible to give one a separate right of representation and the other a joint right of representation, since in that case the right of representation of the other member would be formal and not real.<\/p>\n<p>A member of the Supervisory Board of that company, an auditor of that company and a member of the Supervisory Board of the parent company of the Group may not be a member of the Management Board.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e48857 elementor-widget elementor-widget-heading\" data-id=\"5e48857\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">The Council.<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d2681b elementor-widget elementor-widget-text-editor\" data-id=\"0d2681b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Supervisory Board is the supervisory body that oversees the Board's activities. The Supervisory Board of an LLC is optional.<\/p>\n<p>If a Board is established, it may be composed of between 3 and 20 members, as defined in the Statutes. A chairperson and a vice-chairperson may be appointed from among the members of the Board.<\/p>\n<p>The Council shall be elected by the Members for an indefinite period, unless otherwise provided in the Statutes.<\/p>\n<p>The Board may not include persons who are members of the board of directors, auditors, proxies or commercial agents of that company, or members of the board of directors of a dependent company of that company, or a person entitled to represent that dependent company.<\/p>\n<p>Only a person who is not prohibited from holding such a position and who is not included in the SRS list of persons at risk may be appointed as a member of the Management Board or Supervisory Board.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-a8bbd52 e-flex e-con-boxed e-con e-parent\" data-id=\"a8bbd52\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5216f2f elementor-widget elementor-widget-heading\" data-id=\"5216f2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Appointment of the Company's Board of Directors<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3827ec4 elementor-widget elementor-widget-text-editor\" data-id=\"3827ec4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"col col-sm-9 col-md-10\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Management Board may be composed of one or more natural persons who have the capacity to act and who have not been deprived of their right to conduct a business by a court decision.<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0The board is the executive body that runs and represents the company. <\/span><\/p>\n<p class=\"col col-sm-9 col-md-10\"><span class=\"ng-star-inserted\">The articles of incorporation must specify whether the members of the board will represent the LLC individually or jointly. Each board member must give written consent to hold the position (usually included in the application form).<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-16e6e6a e-flex e-con-boxed e-con e-parent\" data-id=\"16e6e6a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-53e02e6 elementor-widget elementor-widget-heading\" data-id=\"53e02e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Ltd company formation documents<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a848ec0 elementor-widget elementor-widget-text-editor\" data-id=\"a848ec0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Below you will find the documents you need to set up an LLC.<\/p>\n<p>Sample documents can be found at <a href=\"https:\/\/www.ur.gov.lv\/lv\/\">On the website of the Register of Companies<\/a>.\u00a0<\/p>\n<p>Completing and submitting documents accurately requires specific knowledge and expertise.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7ef75c elementor-widget elementor-widget-heading\" data-id=\"a7ef75c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">LLC's incorporation documents (list)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-f7bafdd e-con-full e-flex e-con e-child\" data-id=\"f7bafdd\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f36ad79 elementor-widget elementor-widget-accordion\" data-id=\"f36ad79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2551\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2551\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Memorandum or articles of association<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2551\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2551\"><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4322 size-large\" title=\"the instrument of incorporation or memorandum of association\" src=\"https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dibinasanas-lemums-vai-dibinasanas-ligums-798x1024.jpg\" alt=\"the instrument of incorporation or memorandum of association\" width=\"798\" height=\"1024\" srcset=\"https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dibinasanas-lemums-vai-dibinasanas-ligums-798x1024.jpg 798w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dibinasanas-lemums-vai-dibinasanas-ligums-234x300.jpg 234w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dibinasanas-lemums-vai-dibinasanas-ligums-768x986.jpg 768w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dibinasanas-lemums-vai-dibinasanas-ligums-9x12.jpg 9w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dibinasanas-lemums-vai-dibinasanas-ligums-600x770.jpg 600w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dibinasanas-lemums-vai-dibinasanas-ligums.jpg 938w\" sizes=\"(max-width: 798px) 100vw, 798px\" \/><\/p>\n<p>If there is one founder, a memorandum of association must be drawn up. If there are two or more founders, a memorandum of association. The memorandum of association shall be signed by the founder and the articles of association by all the founders.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2552\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2552\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Articles of association of the company SIA<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2552\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2552\"><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4323 size-large\" title=\"Articles of association of the company SIA\" src=\"https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/uznemuma-SIA-statuti-884x1024.jpg\" alt=\"Articles of association of the company SIA\" width=\"800\" height=\"927\" srcset=\"https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/uznemuma-SIA-statuti-884x1024.jpg 884w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/uznemuma-SIA-statuti-259x300.jpg 259w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/uznemuma-SIA-statuti-768x890.jpg 768w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/uznemuma-SIA-statuti-10x12.jpg 10w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/uznemuma-SIA-statuti-600x695.jpg 600w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/uznemuma-SIA-statuti.jpg 1024w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>The statutes lay down the main principles governing the company's activities. They are signed by the founder or all the founders of the company.<\/p>\n<p>The statutes should only contain rules and should not include, for example, the registered office, the specific persons who are members and officers, or the distribution of members' shares.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2553\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-2553\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Compartment of the register of members<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2553\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-2553\"><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4324 size-large\" title=\"Compartment of the register of members\" src=\"https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dalibnieku-registra-nodalijums-1024x603.jpg\" alt=\"Compartment of the register of members\" width=\"800\" height=\"471\" srcset=\"https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dalibnieku-registra-nodalijums-1024x603.jpg 1024w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dalibnieku-registra-nodalijums-300x177.jpg 300w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dalibnieku-registra-nodalijums-768x453.jpg 768w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dalibnieku-registra-nodalijums-1536x905.jpg 1536w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dalibnieku-registra-nodalijums-2048x1207.jpg 2048w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dalibnieku-registra-nodalijums-18x12.jpg 18w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dalibnieku-registra-nodalijums-1320x778.jpg 1320w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/dalibnieku-registra-nodalijums-600x354.jpg 600w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>The register of members is a document showing the full composition of the members and the distribution of shares. It shall be signed by the Chairman of the Board or by a member of the Board on the basis of a mandate signed by all the members of the Board.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2554\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-2554\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Application form KR4<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2554\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-2554\"><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4325 size-full\" title=\"application form KR4\" src=\"https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/pieteikuma-veidlapa-KR4.jpg\" alt=\"application form KR4\" width=\"694\" height=\"1024\" srcset=\"https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/pieteikuma-veidlapa-KR4.jpg 694w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/pieteikuma-veidlapa-KR4-203x300.jpg 203w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/pieteikuma-veidlapa-KR4-8x12.jpg 8w, https:\/\/uronline.lv\/wp-content\/uploads\/2026\/03\/pieteikuma-veidlapa-KR4-600x885.jpg 600w\" sizes=\"(max-width: 694px) 100vw, 694px\" \/><\/p>\n<p>The application form KR4 must be signed by all the founders or by any other person entrusted by the founders to do so, in addition to a notarially certified power of attorney.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d75c500 elementor-widget elementor-widget-text-editor\" data-id=\"d75c500\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In the cases provided for by law, the application for registration of changes may be sent to the State Revenue Service for examination. Read more\u00a0<a href=\"https:\/\/www.ur.gov.lv\/lv\/par-uznemumu-registra-sanemto-pieteikumu-izvertesanu-valsts-ienemumu-dienesta\/\">On the assessment of applications received by the State Revenue Service in the Register of Enterprises<\/a>.<\/p>\n<p>Documents must be completed in Latvian.<\/p>\n<p>Deadline for submitting documents to the Register of Companies: not set.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-eae46c5 e-flex e-con-boxed e-con e-parent\" data-id=\"eae46c5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b12e5fc elementor-widget elementor-widget-heading\" data-id=\"b12e5fc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Registered share capital of a limited liability company<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38b94c3 elementor-widget elementor-widget-text-editor\" data-id=\"38b94c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When registering a limited liability company with a share capital of 2800 EUR or more, the share capital can be paid as follows:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Cash contribution<\/li>\n<li>A financial contribution. A pecuniary contribution shall be valued and an opinion given by a person included in <a href=\"https:\/\/www.ur.gov.lv\/lv\/specializeta-informacija\/registre-mantiska-ieguldijuma-vertetaju\/mantiska-ieguldijuma-vertetaju-saraksts\/\" target=\"_blank\" rel=\"noopener\">on the list of valuers of property investments.<\/a><\/li>\n<li>Cash and in-kind contribution (49%). In the case of the establishment of a limited liability company, where the total value of the pecuniary contribution does not exceed EUR 25,000 and the pecuniary contribution in total is less than half of the share capital of the company, the pecuniary contribution may be valued and an opinion given by the founders.\u00a0<\/li>\n<li>\u00a0<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Read more about share capital here - <a href=\"https:\/\/uronline.lv\/en\/share-capital-of-sia\/\" target=\"_blank\" rel=\"noopener\">SIA Share Capital 2026: Tips and Options.<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-663f711 elementor-widget elementor-widget-text-editor\" data-id=\"663f711\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The share capital is payable in full until the company's application for registration is filed with the Register of Companies. The cash contribution must be paid into a suspense account.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-555e925 e-flex e-con-boxed e-con e-parent\" data-id=\"555e925\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f8db4cb elementor-widget elementor-widget-heading\" data-id=\"f8db4cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Temporary account of SIA<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-d843daf e-flex e-con-boxed e-con e-child\" data-id=\"d843daf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-467d8ba e-con-full e-flex e-con e-child\" data-id=\"467d8ba\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0841812 elementor-widget elementor-widget-text-editor\" data-id=\"0841812\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/uronline.lv\/en\/opening-a-temporary-account\/\" target=\"_blank\" rel=\"noopener\">Temporary account<\/a> is a mandatory requirement, except where the share capital is paid up solely by means of a contribution in kind valued by a certified valuer of the Companies Register.<\/p>\n<p>You can open a temporary account with a bank, for example <a href=\"https:\/\/www.citadele.lv\/lv\/business\/accounts\/\" target=\"_blank\" rel=\"noopener\">Citadel<\/a>, <a href=\"https:\/\/www.seb.lv\/uznemumiem\/klut-par-klientu\" target=\"_blank\" rel=\"noopener\">SEB<\/a>, <a href=\"https:\/\/www.swedbank.lv\/business\/d2d\/accounts\/open\" target=\"_blank\" rel=\"noopener\">Swedbank<\/a>or a fintech company like <a href=\"https:\/\/www.paysera.com\/v2\/en\/business-solutions\" target=\"_blank\" rel=\"noopener\">Paysera<\/a> or\u00a0<a href=\"https:\/\/www.revolut.com\/lv-LV\/business\/\" target=\"_blank\" rel=\"noopener\">Revolut<\/a>.<\/p>\n<p>It's much more convenient to do it remotely. Fintech companies offer.<\/p>\n<p><strong>Please note that when opening a temporary account, you will need the LLC's incorporation documents, a memorandum of association or an agreement. This means that you will need to have <a href=\"https:\/\/uronline.lv\/en\/product\/registration\/\">For the registration documents of a limited liability company<\/a>.\u00a0<\/strong><\/p>\n<p>Read more about the temporary account here -\u00a0<a href=\"https:\/\/uronline.lv\/en\/opening-a-temporary-account\/\" target=\"_blank\" rel=\"noopener\">Opening a temporary account in 2026: Tips and solutions<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-ff91bb6 e-con-full e-flex e-con e-child\" data-id=\"ff91bb6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-445b196 elementor-widget elementor-widget-image\" data-id=\"445b196\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"529\" src=\"https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/Screenshot-2023-08-08-092048-1024x677.jpg\" class=\"attachment-large size-large wp-image-1159\" alt=\"Opening a temporary account\" srcset=\"https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/Screenshot-2023-08-08-092048-1024x677.jpg 1024w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/Screenshot-2023-08-08-092048-300x198.jpg 300w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/Screenshot-2023-08-08-092048-768x508.jpg 768w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/Screenshot-2023-08-08-092048-600x397.jpg 600w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/Screenshot-2023-08-08-092048.jpg 1044w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-b3a270d e-flex e-con-boxed e-con e-parent\" data-id=\"b3a270d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-60a7137 elementor-widget elementor-widget-heading\" data-id=\"60a7137\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Contribution to share capital<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-074c911 e-flex e-con-boxed e-con e-parent\" data-id=\"074c911\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-29261c9 elementor-widget elementor-widget-text-editor\" data-id=\"29261c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The share capital is payable in full by the time of application. The cash contribution must be paid into a suspense account.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d52af6 elementor-widget elementor-widget-text-editor\" data-id=\"5d52af6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The member or members pay the amount of the share capital into a suspense account. If there are several members, each member must pay in his or her share of the share capital.<\/p>\n<p>The Register of Enterprises shall not require documents evidencing the contribution of share capital if the share capital or part thereof is paid up in cash and the cash contribution does not exceed EUR 50 000. The founders will certify in their application to the Registry that a payment account has been opened in the name of the company to be incorporated and that the payment of the share capital has been made therein. The current KR4 form must be used.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-455678b e-flex e-con-boxed e-con e-parent\" data-id=\"455678b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a6b9019 elementor-widget elementor-widget-heading\" data-id=\"a6b9019\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Cost of registering a limited liability company.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-7e5dcd9 e-flex e-con-boxed e-con e-parent\" data-id=\"7e5dcd9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2c6ef82 elementor-widget elementor-widget-text-editor\" data-id=\"2c6ef82\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The cost of registering an LLC in Latvia is mainly the state fee. The use of e-signatures is usually free of charge.<\/span><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-df3b5dd e-flex e-con-boxed e-con e-parent\" data-id=\"df3b5dd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0b2f948 elementor-widget elementor-widget-heading\" data-id=\"0b2f948\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Stamp duty.<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-942912e elementor-widget elementor-widget-text-editor\" data-id=\"942912e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul>\n<li>State fee for registration of a small capital LLC - 20EUR<\/li>\n<li>State fee for registration of a full capital LLC (share capital at least 2800EUR) - 75EUR<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81d03e1 elementor-widget elementor-widget-text-editor\" data-id=\"81d03e1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Submission of documents and payment of the stamp duty <a href=\"https:\/\/www.ur.gov.lv\/lv\/registre\/\">On the Companies Register platform<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15077f3 elementor-widget elementor-widget-heading\" data-id=\"15077f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Preparation and filing of the LLC's incorporation documents.<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef36d75 elementor-widget elementor-widget-text-editor\" data-id=\"ef36d75\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The cost of preparing the documents for registering an LLC with the Register of Entrepreneurs usually ranges from EUR 25 to EUR 120, depending on the price of the service provider and the number of documents to be prepared.<\/p>\n<p>What's included in URonline <a href=\"https:\/\/uronline.lv\/en\/product\/registration\/\">In the LLC registration service<\/a>?<\/p>\n<ul>\n<li><strong>Verification of the suitability of the name<\/strong><\/li>\n<li><strong>Verification of the conformity of a legal address<\/strong><\/li>\n<li><strong>Completed e-documents for registration of an LLC in the Register of Enterprises<\/strong><\/li>\n<li><a href=\"https:\/\/uronline.lv\/en\/product\/ur-submission-of-documents\/\"><strong>EXPERT e-filing service<\/strong><\/a><\/li>\n<li><strong>Free consultation<\/strong><\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-3e88ba5 e-flex e-con-boxed e-con e-parent\" data-id=\"3e88ba5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c88c303 elementor-widget elementor-widget-heading\" data-id=\"c88c303\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Registration of a limited liability company in the Register of Enterprises.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e5805a2 elementor-widget elementor-widget-text-editor\" data-id=\"e5805a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Paper filing with the Register of Companies is a thing of the past. <strong>Documents are no longer accepted in person.<\/strong><\/p>\n<p>However, if you want to file on paper, you have to pay for an expensive notary and send the documents by post.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-fe054b5 e-flex e-con-boxed e-con e-child\" data-id=\"fe054b5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-62fcc7e elementor-widget elementor-widget-text-editor\" data-id=\"62fcc7e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Registration of a limited liability company with the Register of Enterprises is an official process for obtaining the status of a legal entity, which takes place electronically on the registrs.ur.gov.lv portal by submitting at least signed documents and paying a state fee.<\/span><\/strong><\/p>\n<p>The Application for the establishment of a limited liability company and the accompanying documents may be submitted by the founders or by an authorised person.<\/p>\n<p><strong>In the e-service.<\/strong><br \/>Documents must be submitted <a href=\"https:\/\/www.ur.gov.lv\/lv\/\">Register of companies<\/a> on the services portal.<br \/>Documents must be signed with an eSignature on a smart card (eID or eSignature card) or on the eParaksts mobile portal <a href=\"https:\/\/www.eparaksts.lv\/lv\/\">www.eparaksts.lv<\/a><br \/>Get your answer via an e-service or e-address.<\/p>\n<p><strong>Send electronically signed documents <a href=\"https:\/\/latvija.gov.lv\/Content\/Eadrese\">e-adres\u0113<\/a> or by email to the Register of Companies.\u00a0<\/strong><\/p>\n<p>an email address is a more secure channel of communication between an individual and the state than email.<\/p>\n<p><strong>By post.<\/strong><br \/>Signed documents can be sent to the Register of Companies by post.<br \/>The payment order for the stamp duty must be enclosed in the consignment. Please note that only notarised documents can be sent this way, which significantly increases the cost of registering the company.<\/p>\n<p>Authentication of signature and capacity to act on applications and requests to public registers (e.g. Land Registry, Commercial Register) - \u20ac23.<\/p>\n<p>In addition, there are fees for data checks, VAT, stamp duty, translation and actual costs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-f3bae8b e-flex e-con-boxed e-con e-parent\" data-id=\"f3bae8b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fcf8d6a elementor-widget elementor-widget-heading\" data-id=\"fcf8d6a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Steps after registration<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-35df510 e-flex e-con-boxed e-con e-parent\" data-id=\"35df510\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-67424f9 elementor-widget elementor-widget-text-editor\" data-id=\"67424f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">After registering your company, you must activate your official electronic address (e-address) and register with the State Revenue Service (SRS) as a taxpayer.<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0If you expect to have an annual turnover of more than \u20ac50 000 or make transactions in the EU, you will need to apply to the VAT register. Also at this stage, you must convert your temporary bank account into a permanent current account.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-654783c e-flex e-con-boxed e-con e-parent\" data-id=\"654783c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b3ba62f elementor-widget elementor-widget-heading\" data-id=\"b3ba62f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">EDS<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-181f785 e-flex e-con-boxed e-con e-child\" data-id=\"181f785\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-c6adb2c e-con-full e-flex e-con e-child\" data-id=\"c6adb2c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7288575 elementor-widget elementor-widget-text-editor\" data-id=\"7288575\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/eds.vid.gov.lv\/login\/\" target=\"_blank\" rel=\"noopener\">EDS<\/a> - Electronic declaration system of the State Revenue Service.<\/p>\n<p>A profile is automatically created for a company in EDS when it is registered in the commercial register.<\/p>\n<p>You can log in to EDS via internet banking or <a href=\"https:\/\/www.eparaksts.lv\/lv\/\" target=\"_blank\" rel=\"noopener\">e-sign<\/a>\u00a0The tool.<\/p>\n<p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-9209abb e-con-full e-flex e-con e-child\" data-id=\"9209abb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-915a5b6 elementor-widget elementor-widget-image\" data-id=\"915a5b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"580\" src=\"https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/Screenshot-2023-08-10-134507.jpg\" class=\"attachment-large size-large wp-image-1230\" alt=\"\" srcset=\"https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/Screenshot-2023-08-10-134507.jpg 805w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/Screenshot-2023-08-10-134507-300x218.jpg 300w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/Screenshot-2023-08-10-134507-768x557.jpg 768w, https:\/\/uronline.lv\/wp-content\/uploads\/2023\/07\/Screenshot-2023-08-10-134507-600x435.jpg 600w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-3fb72d9 e-flex e-con-boxed e-con e-parent\" data-id=\"3fb72d9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-28f45c5 elementor-widget elementor-widget-heading\" data-id=\"28f45c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Type of business and licences of SIA<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3bc8889 elementor-widget elementor-widget-text-editor\" data-id=\"3bc8889\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You must register the type or types of business activity of the LLC with the State Revenue Service within one month from the date of registration. The type of activity must be registered with the SRS <a href=\"https:\/\/eds.vid.gov.lv\/login\/\" target=\"_blank\" rel=\"noopener\">EDS<\/a>\u00a0electronic declaration system The type of activity must comply with <a href=\"https:\/\/www.csp.gov.lv\/lv\/klasifikacija\/nace-2-red\/nace-saimniecisko-darbibu-statistiska-klasifikacija-eiropas-kopiena-2-redakcija\" target=\"_blank\" rel=\"noopener\">NACE<\/a> for classification<\/p>\n<p>Check whether the type of business activity planned requires <a href=\"https:\/\/www.ur.gov.lv\/lv\/registre\/uznemumu-vai-komersantu\/sia\/dibinasana\/licences\/\" target=\"_blank\" rel=\"noopener\">licence or permit<\/a>. You may need to obtain the appropriate licence or permit before you can actually start your business.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-f21a79d e-flex e-con-boxed e-con e-parent\" data-id=\"f21a79d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8fb7c27 elementor-widget elementor-widget-heading\" data-id=\"8fb7c27\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">VAT registration<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f314a91 elementor-widget elementor-widget-text-editor\" data-id=\"f314a91\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you intend to supply services and sell goods in Latvia and the EU, and your income does not exceed \u20ac50,000 per year, you do not need to register for VAT.\u00a0<\/p>\n<p>If you register for VAT, you will have to pay 21% VAT on your services or goods.<\/p>\n<p>Compulsory registration requirements <a href=\"https:\/\/www.vid.gov.lv\/lv\/pievienotas-vertibas-nodoklis\" target=\"_blank\" rel=\"noopener\">in the VAT register<\/a>:<\/p>\n<ul>\n<li>The total value of supplies of goods and services subject to VAT during the preceding 12 months has reached or exceeded EUR 50 000 (excluding the value of fixed assets and intangible investments supplied if such supplies are made once in a 12-month period).<\/li>\n<li>The value of purchases of goods in the EU, excluding VAT, in the current calendar year exceeds \u20ac10,000.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p>To register for VAT, you must submit an application to the SRS <a href=\"https:\/\/eds.vid.gov.lv\/login\/\" target=\"_blank\" rel=\"noopener\">EDS<\/a> in the system or with the Register of Companies at the same time as the application for registration of the LLC.<\/p>\n<p>The State Revenue Service shall examine the application within 14 days.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-2d6da58 e-flex e-con-boxed e-con e-parent\" data-id=\"2d6da58\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c5d7cfc elementor-widget elementor-widget-heading\" data-id=\"c5d7cfc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Accounting of a limited liability company<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3188f7b elementor-widget elementor-widget-text-editor\" data-id=\"3188f7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/likumi.lv\/ta\/id\/324249-gramatvedibas-likums\" target=\"_blank\" rel=\"noopener\">Accounting law<\/a> provides that the accounts may be kept by the director of the company if he is the sole member of the board of directors and the sole shareholder.\u00a0<\/p>\n<p>In a company with two or more members of the board of directors, the accounts may be kept by a member of the board of directors by written agreement with the company. The person must have appropriate qualifications as an accountant, such as a certificate, diploma, experience or appropriate knowledge in the field of accounting.<\/p>\n<p>Many companies outsource their bookkeeping, but this is an additional cost.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-17385e9 e-flex e-con-boxed e-con e-parent\" data-id=\"17385e9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dcca1c6 elementor-widget elementor-widget-heading\" data-id=\"dcca1c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">NILLTFN<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1fc5dba elementor-widget elementor-widget-text-editor\" data-id=\"1fc5dba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.vid.gov.lv\/lv\/noziedzigi-iegutu-lidzeklu-legalizacijas-noversana\" target=\"_blank\" rel=\"noopener\">NILLTFN<\/a>\u00a0is the Law on the Prevention of Money Laundering and the Financing of Terrorism and Proliferation.<\/p>\n<p>The law requires the subject to register with the Financial Intelligence Receiving and Analysis System and to develop an internal control and sanctions monitoring system for AML\/CFT.<\/p>\n<p><a href=\"https:\/\/www.vid.gov.lv\/lv\/noziedzigi-iegutu-lidzeklu-legalizacijas-noversana\" target=\"_blank\" rel=\"noopener\">Subjects of the AML\/CFT Law<\/a>:<\/p>\n<p>Virtual currency exchange services<br \/>Outsourced accountants<br \/>Sale of precious metals, precious stones and articles thereof<br \/>Issue of guarantees and other instruments of obligation<br \/>Providers of services for the establishment and operation of a legal entity<br \/>Advising clients on financial matters<br \/>Lending, including financial leasing, where the provision of services is not subject to licensing<br \/>Independent legal service providers<br \/>Tax consultants<br \/>Persons providing collection services<br \/>Intermediaries in real estate transactions<br \/>Sale of vehicles<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-84410d5 e-flex e-con-boxed e-con e-parent\" data-id=\"84410d5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-81f972e elementor-widget elementor-widget-heading\" data-id=\"81f972e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Work safety<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5ff01a elementor-widget elementor-widget-text-editor\" data-id=\"d5ff01a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/likumi.lv\/ta\/id\/26020-darba-aizsardzibas-likums\" target=\"_blank\" rel=\"noopener\">Labour law <\/a>requires employers (if you have employees) to organise and operate an occupational health and safety system in your company.<\/p>\n<p>If the company has fewer than 5 employees, the employer may not involve the competent authority and manage everything himself.<\/p>\n<p>More information\u00a0<a href=\"https:\/\/www.vdi.gov.lv\/lv\/darba-aizsardziba\" target=\"_blank\" rel=\"noopener\">on the website of the National Labour Inspectorate.<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-eea9a36 e-flex e-con-boxed e-con e-parent\" data-id=\"eea9a36\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0cddb1e elementor-widget elementor-widget-heading\" data-id=\"0cddb1e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently asked questions (FAQ)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-8415dbf e-flex e-con-boxed e-con e-parent\" data-id=\"8415dbf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f47e84c elementor-widget elementor-widget-eael-adv-accordion\" data-id=\"f47e84c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"eael-adv-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t            <div class=\"eael-adv-accordion\" id=\"eael-adv-accordion-f47e84c\" data-scroll-on-click=\"no\" data-scroll-speed=\"300\" data-accordion-id=\"f47e84c\" data-accordion-type=\"accordion\" data-toogle-speed=\"300\">\n            <div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"ko-dart-ja-manis-izvltais-uzmuma-nosaukums-jau-ir-aizemts\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"1\" aria-controls=\"elementor-tab-content-2561\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">What if the company name I have chosen is already taken?<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2561\" class=\"eael-accordion-content clearfix\" data-tab=\"1\" aria-labelledby=\"ko-dart-ja-manis-izvltais-uzmuma-nosaukums-jau-ir-aizemts\"><p>Before submitting your documents, it is imperative to check whether the name you have chosen is already registered or applied for. This can be done, for example, in the Lursoft database. If the name is taken, you will have to choose another name, as it must not overlap with an existing name. Note that punctuation, spaces and the use of lower or upper case letters are not considered to be sufficient distinction.<\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"vai-es-varu-reistrt-sia-bez-fiziska-biroja\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"2\" aria-controls=\"elementor-tab-content-2562\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Can I register an LLC without a physical office?<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2562\" class=\"eael-accordion-content clearfix\" data-tab=\"2\" aria-labelledby=\"vai-es-varu-reistrt-sia-bez-fiziska-biroja\"><p class=\"ng-star-inserted\">Yes, you can register an LLC without a physical office, but a registered office is a requirement. You can register a registered office in real estate owned by yourself, with the owner's permission in the property of friends or family members, or use a virtual office service. However, be careful with virtual addresses as they may have a low degree of reliability if a large number of companies are registered there.<\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"cik-ilgu-laiku-aizem-sia-reistrcija-uzmumu-reistr\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"3\" aria-controls=\"elementor-tab-content-2563\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">How long does it take to register an LLC with the Register of Companies?<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2563\" class=\"eael-accordion-content clearfix\" data-tab=\"3\" aria-labelledby=\"cik-ilgu-laiku-aizem-sia-reistrcija-uzmumu-reistr\"><p class=\"ng-star-inserted\">After submitting all the necessary documents to the Register of Enterprises, the notary public examines them within one to three working days on average. The process may take longer if errors or omissions are found in the documents.<\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"kdas-ir-bieks-kdas-iesniedzot-dokumentus-uzmumu-reistram\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"4\" aria-controls=\"elementor-tab-content-2564\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">What are the most common mistakes when submitting documents to the Register of Companies?<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2564\" class=\"eael-accordion-content clearfix\" data-tab=\"4\" aria-labelledby=\"kdas-ir-bieks-kdas-iesniedzot-dokumentus-uzmumu-reistram\"><p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The most common problems that can cause the Register of Companies to delay or refuse registration are:<\/span><\/p>\n<ul class=\"ng-star-inserted\">\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Incorrect application form (KR4).<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">One of the required documents is missing, such as the consent of a board member.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Documents are not signed with a secure electronic signature (eSignature) or not notarised (if sent by post).<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">No payment of the stamp duty or proof of payment.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The legal address does not have an accurate cadastral designation or there is doubt about the legal basis for its use.<\/span><\/p>\n<\/li>\n<\/ul><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"vai-man-ir-nepiecieams-jurists-lai-dibintu-sia\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"5\" aria-controls=\"elementor-tab-content-2565\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Do I need a lawyer to set up an LLC?<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2565\" class=\"eael-accordion-content clearfix\" data-tab=\"5\" aria-labelledby=\"vai-man-ir-nepiecieams-jurists-lai-dibintu-sia\"><p>Although not required by law, the use of a lawyer or other specialist is recommended. Specific knowledge is needed to prepare and submit documents accurately. Errors in the documents may cause delays in the registration process or even refusal by the Register of Enterprises.<\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"vai-rvalstnieks-var-bt-sia-valdes-loceklis-latvij\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"6\" aria-controls=\"elementor-tab-content-2566\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Can a foreigner be a member of the board of an LLC in Latvia?<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2566\" class=\"eael-accordion-content clearfix\" data-tab=\"6\" aria-labelledby=\"vai-rvalstnieks-var-bt-sia-valdes-loceklis-latvij\"><p>Yes, a foreigner can be a member of the board of directors of an LLC. If the person does not have a personal identification number of the Republic of Latvia, an additional questionnaire for inclusion in the Register of Natural Persons must be submitted. It is important to ensure that the board member is not prohibited by law from holding this position.<\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"kda-ir-atirba-starp-pilnkapitla-un-mazkapitla-sia\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"7\" aria-controls=\"elementor-tab-content-2567\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">What is the difference between a full-capital and a small-capital LLC?<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2567\" class=\"eael-accordion-content clearfix\" data-tab=\"7\" aria-labelledby=\"kda-ir-atirba-starp-pilnkapitla-un-mazkapitla-sia\"><p class=\"ng-star-inserted\">he main difference is the size of the share capital. The share capital of a full-capital limited liability company must be at least \u20ac2,800, while that of a small-capital limited liability company can be, for example, \u20ac1. A general partnership has several advantages, such as greater credibility in the business environment, the possibility to pay extraordinary dividends and the possibility for one person to own several such companies.<\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"kas-ir-labk-alga-vai-dividendes\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"8\" aria-controls=\"elementor-tab-content-2568\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Which is better - salary or dividends?<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2568\" class=\"eael-accordion-content clearfix\" data-tab=\"8\" aria-labelledby=\"kas-ir-labk-alga-vai-dividendes\"><p>It depends on the situation. If a company has only one shareholder, who is also the sole member of the board, and a monthly turnover of less than five minimum salaries (\u20ac3,700 in 2025), he may not receive a salary and may pay out the profits in dividends. In this case, the tax burden is lower (only 20% UIT) compared to payroll taxes. However, it should be borne in mind that no social contributions are payable in the absence of a salary.<\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"kad-man-obligti-jreistrjas-k-pvn-makstjam\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"9\" aria-controls=\"elementor-tab-content-2569\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">When do I have to register for VAT?<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2569\" class=\"eael-accordion-content clearfix\" data-tab=\"9\" aria-labelledby=\"kad-man-obligti-jreistrjas-k-pvn-makstjam\"><p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Registration in the VAT register of the State Revenue Service (SRS) is compulsory if:<\/span><\/p>\n<ul class=\"ng-star-inserted\">\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The total value of VAT-able transactions (supplies of goods and services) in the last 12 months exceeds \u20ac50 000.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The value of goods purchased in the European Union exceeds \u20ac10 000 in a calendar year.<\/span><\/p>\n<\/li>\n<\/ul><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"k-es-varu-pierdt-ka-pamatkapitls-ir-apmaksts\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"10\" aria-controls=\"elementor-tab-content-25610\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">How can I prove that the share capital has been paid up?<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-25610\" class=\"eael-accordion-content clearfix\" data-tab=\"10\" aria-labelledby=\"k-es-varu-pierdt-ka-pamatkapitls-ir-apmaksts\"><p>If the share capital is paid up in cash and the amount does not exceed EUR 50 000, a separate certificate from the bank or payment institution need not be submitted to the Register of Companies. The founders must certify in the application form KR4 that a temporary account has been opened in the name of the company to be incorporated and that the share capital has been paid into it.<\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"vai-man-obligti-ir-jveido-uzmuma-padome\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"11\" aria-controls=\"elementor-tab-content-25611\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Do I have to form a works council?<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-25611\" class=\"eael-accordion-content clearfix\" data-tab=\"11\" aria-labelledby=\"vai-man-obligti-ir-jveido-uzmuma-padome\"><p>No, it is not compulsory to set up a Supervisory Board. The Supervisory Board is a supervisory body that monitors the activities of the Management Board and its creation is a free choice of the founders themselves, which is laid down in the company's Articles of Association.<\/p><\/div>\n\t\t\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-9c0eef8 e-flex e-con-boxed e-con e-parent\" data-id=\"9c0eef8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bd76d15 elementor-widget elementor-widget-heading\" data-id=\"bd76d15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Common mistakes and problems<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-afd2c7a e-flex e-con-boxed e-con e-parent\" data-id=\"afd2c7a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-13a835c elementor-widget elementor-widget-eael-adv-accordion\" data-id=\"13a835c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"eael-adv-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t            <div class=\"eael-adv-accordion\" id=\"eael-adv-accordion-13a835c\" data-scroll-on-click=\"no\" data-scroll-speed=\"300\" data-accordion-id=\"13a835c\" data-accordion-type=\"accordion\" data-toogle-speed=\"300\">\n            <div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"nepilngi-vai-kdaini-sagatavoti-dokumenti\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"1\" aria-controls=\"elementor-tab-content-2061\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Incomplete or incorrect documents<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2061\" class=\"eael-accordion-content clearfix\" data-tab=\"1\" aria-labelledby=\"nepilngi-vai-kdaini-sagatavoti-dokumenti\"><p>Mistakes often occur when the type of company is incorrectly reflected in various documents or when the cadastral designation of the registered office is incorrect.<\/p>\n<p><span class=\"ng-star-inserted\">The Register of Companies may refuse registration if the documents submitted do not comply with the requirements of the regulatory enactments or if the information contained therein is unclear. <\/span><span class=\"ng-star-inserted\">Often not all the required sections are filled in or there are inconsistencies between different documents (e.g. the memorandum and articles of association).<\/span><\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"kdas-uzmuma-nosaukuma-izvl\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"2\" aria-controls=\"elementor-tab-content-2062\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Mistakes in choosing a company name<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2062\" class=\"eael-accordion-content clearfix\" data-tab=\"2\" aria-labelledby=\"kdas-uzmuma-nosaukuma-izvl\"><p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The name of the company must be unique - it must not be the same as a name already registered or applied for registration.<\/span><span class=\"ng-star-inserted\">\u00a0The name must also not be misleading or contrary to good morals. Often founders do not check the availability of a name or try to register a name that is very similar to an existing one.<\/span><\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"problmas-ar-juridisko-adresi\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"3\" aria-controls=\"elementor-tab-content-2063\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Problems with your legal address<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2063\" class=\"eael-accordion-content clearfix\" data-tab=\"3\" aria-labelledby=\"problmas-ar-juridisko-adresi\"><p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Registration requires a registered office. Problems arise if the address does not correspond to the National Address Register or if the property owner's consent has not been obtained.<\/span><span class=\"ng-star-inserted\"> If the property has several owners, the consent of all is required.<\/span><span class=\"ng-star-inserted\"> Sometimes an address is given where it is not actually possible to receive correspondence, which can cause problems with public authorities in the future.<\/span><\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"neskaidrbas-ar-pamatkapitla-iemaksu\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"4\" aria-controls=\"elementor-tab-content-2064\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Uncertainties with the share capital contribution<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2064\" class=\"eael-accordion-content clearfix\" data-tab=\"4\" aria-labelledby=\"neskaidrbas-ar-pamatkapitla-iemaksu\"><p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">For the establishment of a full-fledged LLC (with share capital above EUR 2,800), you need to open a temporary bank account and make a share capital contribution before submitting the documents to the Register of Companies.<\/span><span class=\"ng-star-inserted\">\u00a0Errors occur when the contribution is not made in full or by someone other than the founder.<\/span><\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"nav-nordti-patiesie-labuma-guvji-plg\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"5\" aria-controls=\"elementor-tab-content-2065\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">No Beneficiaries (PLG)<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2065\" class=\"eael-accordion-content clearfix\" data-tab=\"5\" aria-labelledby=\"nav-nordti-patiesie-labuma-guvji-plg\"><p>The law requires disclosure of information about the beneficial owners of the company - natural persons who directly or indirectly control the company. Failure to provide this information or providing false information is grounds for refusal of registration.<\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"kdas-stattu-sagatavoan\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"6\" aria-controls=\"elementor-tab-content-2066\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Errors in the preparation of the statutes<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2066\" class=\"eael-accordion-content clearfix\" data-tab=\"6\" aria-labelledby=\"kdas-stattu-sagatavoan\"><p><span class=\"ng-star-inserted\">The articles of association must contain certain details, such as the company's name, the amount of share capital and the number of board members.<\/span><span class=\"ng-star-inserted\">\u00a0No details of the founders or registered office may be given, as this information may change and is recorded in other documents.<\/span><\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"nepareizs-dokumentu-formts\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"7\" aria-controls=\"elementor-tab-content-2067\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Incorrect document format<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2067\" class=\"eael-accordion-content clearfix\" data-tab=\"7\" aria-labelledby=\"nepareizs-dokumentu-formts\"><p class=\"ng-star-inserted\">Make sure the documents are in the correct format.<\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"neatbilstos-e-paraksts\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"8\" aria-controls=\"elementor-tab-content-2068\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Inadequate e-signature<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2068\" class=\"eael-accordion-content clearfix\" data-tab=\"8\" aria-labelledby=\"neatbilstos-e-paraksts\"><p>Documents must be signed with a secure electronic signature and time stamp.<\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"nepareizi-samaksta-valsts-nodeva\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"9\" aria-controls=\"elementor-tab-content-2069\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Incorrect payment of stamp duty<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2069\" class=\"eael-accordion-content clearfix\" data-tab=\"9\" aria-labelledby=\"nepareizi-samaksta-valsts-nodeva\"><p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Before submitting the documents, you must make sure that the amount of the stamp duty is correct and that you have paid it.<\/span><span class=\"ng-star-inserted\"> Any incorrect or overpaid amount can be recovered by applying to the Companies Registry.<\/span><\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"uzmumu-reistrs-ir-konstatjis-kdu-iesniegtajos-dokumentos\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"10\" aria-controls=\"elementor-tab-content-20610\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">The Registrar of Companies has detected an error in the documents submitted<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-20610\" class=\"eael-accordion-content clearfix\" data-tab=\"10\" aria-labelledby=\"uzmumu-reistrs-ir-konstatjis-kdu-iesniegtajos-dokumentos\"><p><span class=\"ng-star-inserted\">If the UR finds an error, the notary public postpones the decision for up to 30 days, pointing out the deficiencies.<\/span><span class=\"ng-star-inserted\"> It is important to react promptly to such decisions and make the necessary corrections so that the registration process is not delayed and stamp duty is not lost.<\/span><\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"valdes-loceku-iecelanas-ierobeojumi\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"11\" aria-controls=\"elementor-tab-content-20611\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Restrictions on the appointment of members of the Management Board<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-20611\" class=\"eael-accordion-content clearfix\" data-tab=\"11\" aria-labelledby=\"valdes-loceku-iecelanas-ierobeojumi\"><p>A person who has been disqualified from exercising commercial activity by a court judgment or who is included in the SRS list of persons at risk cannot be appointed as a member of the Management Board. Similarly, a member of the Supervisory Board of the same company may not be a member of the Management Board.<\/p><\/div>\n\t\t\t\t\t<\/div><div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"nepareiza-valdes-prstvbas-tiesbu-noteikana\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"12\" aria-controls=\"elementor-tab-content-20612\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Incorrect determination of the board's representational rights<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-20612\" class=\"eael-accordion-content clearfix\" data-tab=\"12\" aria-labelledby=\"nepareiza-valdes-prstvbas-tiesbu-noteikana\"><p>If there are several members on the board, it is necessary to determine precisely their rights of representation - whether each can act alone or only together. A situation should not arise where one member has only a formal right of representation.<\/p><\/div>\n\t\t\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-67f4554 e-flex e-con-boxed e-con e-parent\" data-id=\"67f4554\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f9761fd elementor-widget elementor-widget-heading\" data-id=\"f9761fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Useful Resources<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b87b884 elementor-widget elementor-widget-text-editor\" data-id=\"b87b884\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Website of the Register of Companies (UR): <a href=\"https:\/\/www.ur.gov.lv\/lv\/\">[https:\/\/www.ur.gov.lv\/]<\/a><\/p><p>State Revenue Service (SRS) website: <a href=\"https:\/\/www.vid.gov.lv\/lv\">[https:\/\/www.vid.gov.lv\/]<\/a><\/p><p>Commercial Law: <a href=\"https:\/\/likumi.lv\/ta\/id\/5490-komerclikums\">[https:\/\/likumi.lv\/]<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Here you will find all the information you need about the process of setting up and registering a company (LLC), the documents required for setting up a company and the costs of registering an LLC.<\/p>","protected":false},"author":2,"featured_media":4300,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-lv"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uz\u0146\u0113muma SIA dibin\u0101\u0161ana [2026] Pats re\u0123istr\u0113 savu uz\u0146\u0113mumu!<\/title>\n<meta name=\"description\" content=\"Uz\u0146\u0113muma SIA dibin\u0101\u0161ana \u0161\u0137iet sare\u017e\u0123\u012bts process. 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