1. Summary
The second stage of the reduction of the equity capital may be commenced once the time period for creditors to submit claims has expired and the claims have been secured. The application may be submitted not earlier than one month after publication of the notification on the information website of the Register of Enterprises at https://info.ur.gov.lv and not later than six months after the decision on the reduction of the equity capital has been adopted.
| Review period is 1–3 business days (excluding the day of submission)* | 
| Fees start from EUR 40.00 | 
| Submit documents via the e-service |
| * The statutory time limit for reviewing documents may be extended pursuant to Section 64(2) of the Administrative Procedure Law. | |||||
| Useful Information on Registration Services | |
| Documents in foreign languages, electronic document submission, etc. | General procedures: registration at a pre-selected time, pre-submission document verification, etc. |
| Explanations (beneficial owners, etc.) | Details and payments |
| Laws and Regulations | Contacts |
Documents to be submitted:
- application form KR18;
- new version of the articles of association (signatures must be certified – either with a secure e-signature for electronic submission or with notarisation for paper submission);
- text of the amendments to the articles of association (the amendments to the articles of association need not be submitted if the minutes of the shareholders’ meeting or the shareholder’s decision contain the full text of the amendments to the articles of association or approve a new wording of the articles of association);
- division of the register of shareholders (signatures must be certified – either with a secure e-signature for electronic submission or with notarisation for paper submission);
- if the application is submitted by post, proof of payment of the state fee (receipt or copy, online banking payment confirmation, or payment details in free text).
A foreigner (foreign national) who has legal ties with Latvia, on the basis of which mutual rights and obligations in the field of commercial activity and taxation arise or have arisen, but who has not been assigned a personal identity number of the Republic of Latvia, must submit a questionnaire for the inclusion of data in the Register of Natural Persons (to be signed personally by the foreign national with a secure electronic signature if submitted electronically; if a secure electronic signature is not available, this document shall not be submitted).
Documents must be submitted to the Register of Enterprises within 3 days of signing the division of the register of shareholders, but no later than 6 months after the date on which the decision on the reduction of the equity capital was adopted.