Latvian merchant's branch

Latvian merchant's branch is an organizationally independent part of a company that is territorially or otherwise separated from the main enterprise and whose place of business is systematically carried out on behalf of the respective merchant.

Branches may be established by a merchant (limited liability company, joint-stock company, individual merchant, general partnership, limited partnership).

The branch of the Latvian merchant must be registered in the Enterprise Register in order to start a business and it usually takes up to 3 business days, costs around 45,5 Eur - 112,5 Eur and you can register it on the internet.

Documents to be submitted:

• Application Form KR7
• The consent of the owner of the real estate for registering the legal address of the merchant (not to be provided 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"

Conditions for registering a business address:

• The legal address must coincide with the address entered in the National Address Book. Checking the free address at the State Address Register Information System www.kadastrs.lv
• The address can only be registered in a building or a group of premises (in an apartment), it can not be registered in a property consisting solely of land
• If the real estate consists of several groups of premises, it is necessary to specify the exact room number of the group where the registered office
• If the immovable property does not belong to the person signing the application, it is necessary to submit the consent given by the owner of the real estate (building or apartment property) to the registration of the company's registered office in the relevant building or apartment ownership. The number of the real estate cadastre (if the land and the building have different cadastral numbers, the cadastral number of the building must be indicated), the name, surname and personal code of the owner or the company name (company) and registration number shall be indicated with the consent.
• If the real estate belongs to several co-owners, consent of all co-owners is required, or a document must be submitted confirming the separate right of use of the co-owner to the specific part of the property in which the legal address will be located.

If you have any questions about this topic, feel free to contact us!

Limited partnership in Latvia

What is a Limited partnership?

A limited partnership is a partnership, the purpose of which is the pursuit of a business through a joint venture, in which two or more persons are merged on the basis of a public contract.

The liability of at least one member of the company (teamed) for the company's creditors is limited by the amount of his investment, but the (other) liability of the other person liable members of the company is not limited. The amount of the spin-off contribution is not limited to a specific amount.

A limited partnership may be founded:

• For an indefinite time
• For a specific deadline
• To reach a specific goal

A limited partnership may be a natural or legal person, as well as a legal partnership.

The limited partnership must be registered in the Register of Enterprises for commercial activities. It takes up to 3 business days, costs 162,03 Eur - 481,03 Eur and you can register it on the internet.

Documents to be submitted:

• Application Form KR3 (to be certified by signatures)
• The consent of the owner of the real estate for registering the legal address of the merchant (not to be provided 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 company registration, feel free to contact us!

Wholly owned partnership in Latvia

What does it mean?
A wholly owned partnership is a partnership whose purpose is to conduct a business through a joint venture, in which two or more persons (members) are united on the basis of a public contract. The members of the full partnership are personally liable for the obligations of the general partnership. A member of the general partnership may be a natural or legal person, as well as a legal partnership.

A wholly owned partnership can be founded:

• For an indefinite time
• For a specific deadline
• To reach a specific goal

The partnership must be registered in the Register of Enterprises in order to carry out business activities.
It takes up to 3 business days, costs 162,03 Eur to 481,03 Eur and you can register it electronically.

Documents to be submitted:

• Application form KR3 (must be signed)
• The consent of the owner of the real estate for registering the legal address of the merchant (not to be provided 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 information about this type of company, contact us and we will help you to reach your goals!

What is Cooperative society?

What is Cooperative society?
A cooperative society is a voluntary association of natural and legal persons whose purpose is to provide services to increase the efficiency of its members' economic activities.
A cooperative company is a legal entity.

Rules:

• The cooperative company has the status of a merchant, with the exception of agricultural services, forestry services, apartment owners, car garage owners, boat garage owners and horticultural cooperatives;
• The minimum number of founders of a cooperative society is three, but in the agricultural services and forestry service companies - five
• The founders and members can be both natural and legal persons.

Cooperative companies must be registered in the Register of Enterprises in order to start their activities, and it takes up to 3 working of Consideration, it costs from 162,03 Eur to 481,03 Eur and you can register it through the internet.

Documents to be submitted:

• Application Form 1
• The Treaty establishing the
• Statute
• Meeting minutes of the meeting
• Signature of signature of each signatory (must be signed)
• Bank's statement on the payment of share capital (if the share capital is paid in cash)
• Document proving the value of a property investment (if a property contribution is made)
• 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 more information about company registration, contact us!