The equity capital may be increased only on the basis of a decision of the shareholders’ meeting which sets out the regulations on increase of the equity capital. The executive board shall submit the application for the increase of the equity capital after the expiry of the payment term specified in the regulations on increase of the equity capital or after the entire announced equity capital has been paid up (if the equity capital has been paid up before the expiry of the relevant term). The equity capital shall be deemed increased, and the rights arising from the new shares shall arise, on the day when the new amount of the equity capital is entered in the commercial register.

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.

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;

• regulations on increase of the equity capital;

• 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);

• a statement issued by the payment service provider or another document evidencing payment of the equity capital (if the equity capital is increased by a cash contribution and exceeds EUR 50,000 after the increase). In all other cases where the equity capital is increased by a cash contribution and does not exceed EUR 50,000 after the increase, the executive board shall certify payment of the equity capital in application form KR18;

• opinion on valuation of property, if the equity capital is paid up by a property contribution;

• document evidencing the transfer of the property contribution to the company, if the equity capital is paid up by a property contribution;

• if the property contribution consists of transferable securities and money-market instruments admitted to trading on a regulated market registered (licensed) in a Member State of the European Union or a State of the European Economic Area for at least two years before the decision on the increase of the equity capital was adopted, a statement confirming that no significant circumstances affecting the value of the property contribution have arisen;

• 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 the equity capital is increased by incorporating the positive difference or the statutory reserve into the equity capital, documents evidencing such incorporation into the equity capital need not be submitted.

Documents must be submitted to the Register of Enterprises within 3 days of signing the division of the register of shareholders.