What is a corporate company?
A Corporation company is an open society whose shares (shares) may be the object of public circulation. The company is a legal entity.
The Register of Enterprises does not carry out accounting of shareholders of the Company, the changes in the shareholder structure are not submitted in the Register of Enterprises.
What do you need to know before opening a corporate company?
- The minimum share capital is EUR 35000;
- The share capital and the nominal value of a share must be divided by the minimum nominal value of the company's shares and 10 cents without balance.
What documents do you need to fill?
- Application Form KR4 (to be certified signatures);
- The decision on the founding or the founding agreement
- Statute;
- Bank statement or another document regarding the payment of share capital;
- The consent of each council member to hold a position;
- The consent of each member of the board to hold a position (if consent is not already included in clause 9 of the application form in KR4), all documents must be signed
- Board announcement on the legal address;
- Accepted by the owner of the real estate for registration of the registered office (not required if the owner is one of the signatories of the application);
- A voucher or a copy of it, or an internet bank payment, or information about payment of the state fee;
- Quotation or a copy of it, or an Internet bank payment, or information on the publication in the "Latvijas Vēstnesis";
If you need any help with opening a company in Latvia, contact us!
