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!
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