Last Moment to Disclose True Beneficiaries to Avoid Closure

05 July 2019

It is the last month for Latvia-registered companies with foreign capital to disclose to the Latvian Register of Enterprises their ultimate beneficial owners to avoid being removed from the register. According to the Register of Enterprises, to this day around 900 companies in Latvia with non-resident shareholders have not complied with the request by the state authorities to disclose their true beneficiaries, risking being closed down by the autorities.

The requirement from the Enterprise Register to disclose ultimate beneficial owners is applicable to all companies and associations registered in Latvia. 

To learn more visit:

If you have any questions, please reach out to the Register of Enterprises!

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