Farmers' and fishermen's economy in Latvia

What is Farmers' economy?
Farmer's farm is an individual company that produces agricultural products using the main means of products specifically for this purpose, the land. Land must be owned or used by the owner of the holding.

What is fishermen's economy?
A fishermen's economy is an individual company that operates with the use of fish resources allocated for this purpose. The fisherman can also manage the land.

Registering Farmers' or fishermen's economy.
A farmer or fisherman's holding acquires the rights of a legal person from the moment it is registered in the Register of Enterprises. The rights of the holder are signed by the owner and appointed by the manager.

• The process takes around 1- 3 working days;
• The cost is around 45,50 to 112,50 EUR;
• Can be settled electronically.

What documents do you need?

• Application Form 4;
• Statutes governing the basic principles of the company's operation (if any);
• Decree of the Municipality Council (Council) or the Land Commission on the granting of a land plot for use or a notarized copy of the Land Register Act regarding the ownership of a plot if a farm is established;
• Municipality's decision to allocate a fish limit if a fisherman's farm is established;
• Sample signature for each signatory if documents are submitted in paper format (must be signed);
• 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 registering a company in the Baltic states, feel free to contact us!