Company formation and accounting in Latvia
Last updated: 2012-07-10
Governmental notary of the Register of enterprises makes entry in the commercial register based on the application of a person concerned, or based on a court decision. The Cabinet of Ministers has approved the application forms.

In certain cases (mentioned below) a signature on the application and legal capacity of a person must be certified (confirmed) by a notary (sworn notary or an official of the commercial register).

According to part 3 of article 4 prim of law "On the Register of enterprises of the Republic of Latvia" an official of the Register of enterprises certifies signature only for natural (private) persons, registered in Latvia and for representatives of legal persons if the rights to represent are registered in the public registers of Latvia.

Special power of attorney to another person to sign the application for registration of a merchant must be certified by sworn notary.

Within three working days from the date of submission of an application, a governmental notary of the Register of enterprises makes a decision about registration in the commercial register, or a refusal / postpone of a registration. But if in particular legal address are registered more than 10 companies, then a governmental notary makes decision during ~ 14 working days.

The governmental notary of the Register of enterprises makes a decision about a refusal / postpone of a registration only if the application or documents attached to the application do not comply with the law. The decision must be substantiated. In the decision to postpone the recording must specify the time to correct the deficiencies.

On what documents and in what cases a signature must be certified before sworn notary?

On the application
  • to record a new company (merchant) in the commercial register,
  • to make changes regarding a member of a partnership rights to represent a partnership,
  • to record procuration (prokūra - special authorization) issuance, revocation or change of volume,
  • to record appointment of revocation of a liquidator of a partnership,
  • on any application if such requirement is written in an articles of association of a company or in special application of a partnership (all members of a partnership must sign the application).

On following documents, added to an application:
  • on a protocol or a decision (or derivative) if with the protocol or the decision has appointed or revoked a member of a board of directors of a company,
  • on a protocol or derivative of a protocol of joint stock company if made a decision to appoint or revoke a member of supervisory board,
  • on a protocol or a decision (or derivative) if has changed an articles of association (shareholders/stockholders also must certify signature on a new edition of the articles of association),
  • on a protocol or a decision (or derivative) if with the protocol or the decision has appointed or revoked a liquidator of a company,
  • on a compartment of the registry of shareholders of the limited liability company,
  • on a consent to take a position of a member of a board of directors (signature on the consent need not to certify before sworn notary if the consent included in an application and signature of the application is certified before sworn notary),
  • on a consent to take a position of a liquidator of a commercial company,
  • on all protocols or derivatives of supervisory board of joint stock company if such requirement is prescribed in articles of association,
  • on all protocols or derivatives of shareholders of of capital company (Ltd/JSC) if such requirement is prescribed in articles of association.



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