Registry of enterprises of republic of Latvia
The Register of Enterprises of the Republic of Latvia (RE) is state authority that registers enterprises (companies), merchants, their subsidiaries and representative offices within the territory of the Republic of Latvia, as well as all amendments to the basic documents of their activity and takes other actions envisaged by legislative acts.
Registration at The Register of Enterprises
The RE also registers mass media, public organizations, commercial pledges, decisive influences, marriage contracts, public and private partnership agreements, religious organisations, political parties, trade unions, arbitrages and processes of insolvency.
Register of Enterprises of Republic of Latvia is the central state authority maintaining the competence of official registries. Data transferred to the RE is publicly reliable, thus the Registries plays quite vital role in daily business.
Register of Enterprises of Republic of Latvia (RE) commenced its operation on 1 December 1990, shortly after restoration of independence of the Republic of Latvia when active establishment of private companies began. At that time, it became necessary to form an institution for registration of enterprises that would ensure development and effective monitoring of entrepreneurship.
The competence of the Register of Enterprises
The Register of Enterprises is a direct administration institution operating under supervision of the Minister of Justice. The Register of Enterprises is governed by the Law On the Register of Enterprises of the Republic of Latvia, bylaws and other laws and regulations.
The mission of the Register of Enterprises is to register entities referred to in the said Law in order to establish their legal status and ensure the authenticity and reliability of the information (on registered entities and facts of legal relevance) referred to in laws and regulations, as well as to ensure the availability of this information.
Functions of Register of Enterprises
The RE has the following functions:
*) to register undertakings and their branches, representative offices and representatives of foreign undertakings and organisations, co-operative companies, European Economic Interest Groupings, European companies, European co-operative companies, political parties and associations, administrators, insolvent entities, associations and foundations for legal protection and insolvency proceedings, religious organisations and institutions thereof, trade unions, mass media, public and private partnership agreements, decisive influences, commercial pledges, property arising out of a matrimonial relationship and courts of arbitration and to ensure record-keeping of the relevant registers;
*) to provide information on registered entities and facts of legal relevance;
*) carry out other functions referred to in laws and regulations.
Main tasks of Register of Enterprises:
*) RE registers enterprises or companies, mass media, commercial pledges, decisive influences, property arising out of a matrimonial relationship, representative offices and representatives of foreign undertakings and organisations, European companies, European co-operative companies, as well as public and private partnership agreements;
*) RE ensures record-keeping of the following registers of entities: the Register of Public Organisations, Commercial Register, Register of Trade Unions, Register of Associations and Foundations, Register of European Economic Interest Groupings, Register of Courts of Arbitration, Register of Political Parties, Insolvency Register and the Register of Religious Organisations and Institutions thereof;
*) RE accepts and examines the documents to be submitted for registration of entities and facts of legal relevance referred to in laws and regulations, and keeps the said documents;
*) RE confirms signatures (signatures are confirmed only for natural persons registered in Latvia and representatives of legal entities, whose representative rights are registered in the public registered of Latvia.
*) RE verifies the names (companies) entered into registers maintained by the Register of Enterprises and the relevance of this information;
*) RE examines and prepares replies to the received submissions and requests for information, drafts derivatives of registration files and official documents of RE, as well as provides the interested parties with the possibility to access the registration files under certain conditions;
*) RE also imposes sanctions determined by international organisations and deals with cross-border mergers of capital companies.
Making entries in the Register of Enterprises
An official of RE makes entries based on:
*) application by an interested party;
*) court judgement;
*) decision by a public administration institution (in the event of suspending or renewing the operation of the company).
Entries in the Commercial Register are made electronically by notaries public of the Register of Enterprises adopting a relevant written decision on making an entry that enters into force after signing and starting from the moment when a notary public of the RE electronically certifies (authorizes) the completeness and accuracy of the entry unless the decision envisages entering into force at a later date or its entering into force depends on another decision coming into effect.
Jurisdiction of registration
Undertakings and their branches are registered in the Commercial Register according to their location in the jurisdiction of the relevant department of the Register of Enterprises.
The Register of Enterprises has departments in Riga, Daugavpils, Jēkabpils, Liepāja, Rēzekne, Saldus, Valmiera and Ventspils.
This page was last modified on 18 January 2018 at 05:53.
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Author: Artis Zelmenis