In July 2025, further amendments to the Commercial Law of Latvia came into force. The legislator is adapting the law to modern realities.
First of all, the requirement to submit a document issued by a credit or payment institution confirming payment of share capital to the Register of Enterprises has been abolished. It’s enough to submit a confirmation from the board on the Register of Enterprises’ letterhead confirming payment of the share capital. This applies both to company incorporation and to capital increases. Exceptions apply when the share capital (as a result of an increase or during the company’s incorporation) exceeds 50,000 euros.
The next important change concerns debt capitalization. If a claim against the company is included in the share capital, the appraisal of the investment can be conducted by the board. There is no need to engage certified appraisers for this purpose.
Also, starting from January 1, 2026, the requirement to submit a liquidation balance sheet to the Register of Enterprises will be abolished. This is very logical, as the Register of Enterprises clearly sees whether the balance sheet has been submitted and whether it has been accepted by the State Revenue Service.
Over the past 20 years, Law firm Inlatplus has helped to establish hundreds of companies, navigating numerous legislative changes. Inlatplus is more than just a guide through the updated legal landscape; it is a reliable partner with extensive experience, turning any complexities into clear and understandable steps.
Inlatplus takes care of all the hassle associated with interacting with the Register of Enterprises, so clients can focus on what matters most—developing their business idea.
Our firm ensures company registration in Latvia fully complies with the latest regulatory changes.
Inlatplus is ready to assist with company registration in strict compliance with current directives, without delays or risks.
- Consultations on new registration conditions
- Customized selection of the optimal legal form
- A flawless package of documents
- Electronic registration to speed up the process
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