Documents to be submitted
- Application Form
- Founding Agreement/Resolution of the sole shareholder
- Articles of association
- Bank’s reference on payment of share capital, or for investment in kind
- Register of shareholders
- Consent of council shareholders (in case if the council is established)
- Consent of the board members
- Notice of board for legal address
- The real estate owner’s consent for the registration of the company’s legal address
- Proof of payment (a receipt, its copy, confirmed bank’s online banking payment or completed notice) for ER stamp duty fee payment
- Proof of payment (a receipt, its copy, confirmed bank’s online banking payment or completed notice) for publication in “Latvijas Vestnesis”
The fees and timing
- Single stamp duty/ processing time 142.29 EUR / 3 working days
- Triple stamp duty/ processing time : 426.87 EUR / 1 working day
- Stamp duty for the certification of a signature : ~4 EUR (if the certification is submitted for 3 or more signatures in a single registration for each certification of a signature stamp duty of ~ 3 EUR)
- Publication in “Latvijas Vestnesis” 27.03 EUR
- Notary duties for attesting documents
Based on our experience, when the shareholder is a foreign entity or individual, a simplified establishment time can make up to approximately 3 to 4 weeks. However, the timing could be reduced to a week, if the representative of a foreign shareholder visits Latvia to handle the registration on-site.
