Company registration in Latvia. The Articles of Association set out the fundamental principles governing the operation of the company. They must be signed by the sole founder or, in the case of multiple founders, by all founding members.
The Articles of Association must include the following:
- Company Name (Firm)
- Duration and Purpose of Operation. If the company is established for a specific period or a particular purpose, this must be stated.
- Share Capital Structure. The total amount of fixed capital, the number of shares, and the nominal value of each share.
- Representation Rights. The manner in which the company is represented, including whether members of the Management Board represent the company individually or jointly.
- Supervisory Council. The number of Council members, if the company has established a Council.
- Transfer Restrictions. Any specific rules regarding the transfer or disposal of shares, if applicable.
- Share Categories (if applicable). Details on different share categories, including the rights attached to each category, the number of shares in each category, and their nominal value.
- Additional Provisions
- Date of Signing.
Note:
The Articles of Association should include only the operational provisions of the company. They must not contain details such as the company’s registered office, the names of members or officers, or the distribution of shares among members.
