1. Summary
Due to the introduction of the euro in Latvia, each capital company must carry out the denomination of the equity capital into EURO (amendments to the equity capital for the transition to the euro). Companies that had not carried out the denomination of the equity capital into EURO by 30 June 2016, when applying to the commercial register authority for any amendments to entries in the commercial register or for the registration of documents (adding them to the registration file), must simultaneously apply for amendments to the equity capital for the transition to the euro.
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.
| 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;
- 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);
- 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;
- 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.
Amendments to the equity capital for the transition to the euro need not be applied for in the following cases:
- a capital company that has not carried out the denomination of the equity capital into EURO applies for termination of its activities and submits all applications related to liquidation. If a decision is taken on the renewal of activities of the capital company, an application for denomination must be submitted simultaneously with that application;
- companies for which insolvency proceedings have been initiated;
- companies whose activities will be terminated without liquidation in the course of reorganisation.