Decision on Founding or Memorandum of Association

Process

3. Decision on Founding or Memorandum of Association

If there is a single founder, a Decision on Founding shall be drawn up. If there are two or more founders, a Memorandum of Association shall be entered into. The Decision on Founding shall be signed by the founder. The Memorandum of Association shall be signed by all founders.

The document must specify:

information on the founder(s); where the founder is a natural person: given name, surname, personal identity number and the address at which the person may be reached;
the name (firm name);
the amount of the equity capital, the number of shares and the nominal value of each share;
tthe amount of the equity capital subscribed by each founder, and the procedure and time limits for payment;
the number of shares to which each founder is entitled, corresponding to the founder's subscribed portion of the equity capital;
the maximum amount of incorporation expenses and the procedure for covering them;
any special obligations, rights or privileges granted during the incorporation of the company to a person involved in the incorporation of the company (optional);
the given name, surname and personal identity number of each member of the executive board;
the given name, surname and personal identity number of each member of the supervisory board, if the company has a supervisory board;
the given name, surname and personal identity number of the auditor, if an auditor is provided for;
any other provisions that the founders consider material and that are not contrary to law;
the date of signing.

If a person does not have a personal identity number issued by the Republic of Latvia, the date of birth, the number and date of issue of the identity document, and the country and authority that issued the document must be indicated instead of the personal identity number.

Dibināšanas lēmums

14.003KB, VND, updated 2025. gada 30. Decembrī