1. Summary
The decision on changes to the composition of the executive board is adopted by the shareholders’ meeting. The number of members of the executive board and the scope of the representation rights of its members must comply with the articles of association. The executive board is appointed for an indefinite term, unless the articles of association provide for a fixed term. A member of the executive board has the right to resign from office.
If a shareholder has died, the guardian of the estate is entitled to adopt a decision on the appointment of the executive board on behalf of the shareholder until a certificate of inheritance has been issued. In such a case, a decision of the Orphans’ and Custody Court on the appointment of a guardian for the estate must be submitted.
A member of the executive board has the right to take leave related to childcare.
Please note that, in accordance with the Commercial Law, shareholders or stockholders have the right to participate in and vote at a meeting remotely or to vote prior to the meeting. For more information, see the section Explanation of remote participation in meetings of shareholders, stockholders and members.
In cases prescribed by law, an application for the registration of changes may be sent to the State Revenue Service for review. For more information, see the section On the Review of Applications Received by the Register of Enterprises in the State Revenue Service.
| Review period is 1–3 business days (excluding the day of submission)* | 
| Fees start from EUR 20.00 | 
| 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 (if the consent of the member of the executive board to hold office is included in the form, signatures must be certified – either with a secure e-signature for electronic submission or with notarisation for paper submission);
- minutes of the shareholders' meeting or a shareholder's decision (signatures must be certified – either with a secure e-signature for electronic submission or with notarisation for paper submission);
- consent of the member of the executive board to hold office (signatures must be certified – either with a secure e-signature for electronic submission or with notarisation for paper submission). This is not required if the consent is included in the application form;
- notice of resignation from office by the member of the executive board, if the member has resigned from office;
notice by the member of the executive board on taking childcare leave, if the member of the executive board is taking childcare leave;
notice by the member of the executive board on returning from childcare leave, if the member of the executive board has returned from childcare leave;
- 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).
If changes to the composition of the executive board are made simultaneously with changes to the composition of the company’s shareholders, the company must additionally submit all documents required in relation to the changes in the register of shareholders.
Documents must be submitted to the Register of Enterprises within 14 days of the adoption of the decision.