Establishment of an LLC and amendments
Formily provides a professional and efficient solution for company owners who wish to transfer or discontinue a business entity that is no longer required or economically viable. We handle the complete legal and administrative process involved in the transfer of ownership, enabling clients to avoid lengthy liquidation procedures, ongoing maintenance costs, and statutory obligations toward public authorities.
Our team has extensive experience in corporate takeovers, restructuring processes, and registering corporate changes with the Commercial Register. All documentation is prepared with precision and in full compliance with regulatory requirements, ensuring a smooth submission process without the need for additional corrections. Document preparation typically takes around 30 minutes, while the full ownership transfer is completed within 1–3 business days.
Service fees:
€40 — for sellers who are Latvian residents (individuals);
€70 — for sellers without a Latvian personal identification number;
€100 — for sellers that are legal entities.
All documents are prepared by legal professionals with substantial experience in corporate law and business transfer procedures, ensuring a secure and transparent transaction. Once the documentation is ready, it is delivered electronically together with clear, step-by-step guidance on the final submission process.
Formily’s mission is to provide a streamlined, reliable, and convenient solution for clients seeking to divest from companies that are no longer needed or worth maintaining.
In addition to company acquisitions, Formily offers comprehensive support with a wide range of corporate amendments. We assist with shareholding changes, board (management) replacements, registered address updates, company name changes, and both increases and re-registration of share capital. Our team prepares all necessary documentation and ensures full compliance with the Commercial Register requirements, providing clients with a smooth and reliable process for any corporate changes they need to make.
Our team has extensive experience in corporate takeovers, restructuring processes, and registering corporate changes with the Commercial Register. All documentation is prepared with precision and in full compliance with regulatory requirements, ensuring a smooth submission process without the need for additional corrections. Document preparation typically takes around 30 minutes, while the full ownership transfer is completed within 1–3 business days.
Service fees:
€40 — for sellers who are Latvian residents (individuals);
€70 — for sellers without a Latvian personal identification number;
€100 — for sellers that are legal entities.
All documents are prepared by legal professionals with substantial experience in corporate law and business transfer procedures, ensuring a secure and transparent transaction. Once the documentation is ready, it is delivered electronically together with clear, step-by-step guidance on the final submission process.
Formily’s mission is to provide a streamlined, reliable, and convenient solution for clients seeking to divest from companies that are no longer needed or worth maintaining.
In addition to company acquisitions, Formily offers comprehensive support with a wide range of corporate amendments. We assist with shareholding changes, board (management) replacements, registered address updates, company name changes, and both increases and re-registration of share capital. Our team prepares all necessary documentation and ensures full compliance with the Commercial Register requirements, providing clients with a smooth and reliable process for any corporate changes they need to make.
Denomination: Re-registration of Share Capital to EUR
Companies that still have their share capital stated in lats are required to convert and re-register it in euros. The fee for preparing the complete set of documents necessary for this capital denomination process is €35 (+VAT).
Companies that still have their share capital stated in lats are required to convert and re-register it in euros. The fee for preparing the complete set of documents necessary for this capital denomination process is €35 (+VAT).
Change of Management Board
Formily prepares all required documents for updating a company’s board structure, including the appointment or removal of board members. Shareholder changes can be handled at the same time if needed. The fee for preparing these documents is €35 (+VAT).
Formily prepares all required documents for updating a company’s board structure, including the appointment or removal of board members. Shareholder changes can be handled at the same time if needed. The fee for preparing these documents is €35 (+VAT).
Change of Legal Address
Formily can prepare all the documents required to update your company’s registered address with the Commercial Register. The documents are ready within one hour, and the service fee is €25 (+VAT). All you need to do is sign them.
Formily can prepare all the documents required to update your company’s registered address with the Commercial Register. The documents are ready within one hour, and the service fee is €25 (+VAT). All you need to do is sign them.
Change of Company Shareholders
Formily prepares all documents for shareholder changes, including share transfers, for €35 (+VAT). Board updates can be added to the same submission if required.
Formily prepares all documents for shareholder changes, including share transfers, for €35 (+VAT). Board updates can be added to the same submission if required.
Change of Company Name
Formily prepares all required documents for changing a company’s name, typically within 1–3 hours. The service fee is €35 (+VAT).
Formily prepares all required documents for changing a company’s name, typically within 1–3 hours. The service fee is €35 (+VAT).
