{"id":3537,"date":"2019-11-20T00:00:00","date_gmt":"2019-11-20T00:00:00","guid":{"rendered":"https:\/\/new.leinonen.eu\/lva\/what-does-termination-of-company-s-activity-by-the-register-of-enterprises-means\/"},"modified":"2019-11-20T00:00:00","modified_gmt":"2019-11-20T00:00:00","slug":"what-does-termination-of-company-s-activity-by-the-register-of-enterprises-means","status":"publish","type":"post","link":"https:\/\/leinonen.eu\/lva\/news\/what-does-termination-of-company-s-activity-by-the-register-of-enterprises-means\/","title":{"rendered":"What does termination of company\u2019s activity by the\nRegister of Enterprises means?"},"content":{"rendered":"<div>\n<div>Pursuant to the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing the Register of Enterprises of Republic of Latvia (hereinafter &#8211; the \u201cUR\u201d) has already made a number of decisions on the termination of the activity of such companies that have not provided information on their beneficial owners to the UR.<\/p>\n<p>Companies were required to provide the above information to the UR by March 1<sup>st<\/sup> 2018. The UR has sent reminders and warnings to companies who had not provided this information via the Electronic Declaration System and also by mail to the companies&#8217; registered addresses. The activity of companies, which have not responded to the sent reminders, are terminated by UR\u2019s decision.<\/p>\n<p>Taking into account that this situation has also been faced by operating companies that simply lack understanding on the consequences of the UR\u2019s Decision, we have prepared this article to illustrate three possible scenarios for such companies and the course of the relevant process following the UR\u2019s decision on termination of company\u2019s activity.<\/p><\/div>\n<div data-image-id=\"12468909\">\n<div>                        <img decoding=\"async\" src=\"\/app\/uploads\/blog\/0000_0041_2882_photos_LV1_block.JPG\" title=\"\" alt=\"\">       <\/div>\n<\/p><\/div>\n<div><b>If you have any questions on the process, please contact Leinonen&#8217;s Tax and Legal Advisory Department!<\/b> <\/div>\n<p> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pursuant to the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing the Register of Enterprises of Republic of Latvia (hereinafter &#8211; the \u201cUR\u201d) has already made a number of decisions on the termination of the activity of such companies that have not provided information on their beneficial owners to the UR. [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"coauthors":[121],"class_list":["post-3537","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What does termination of company\u2019s activity by the Register of Enterprises means? &#8211; Leinonen Latvia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leinonen.eu\/lva\/news\/what-does-termination-of-company-s-activity-by-the-register-of-enterprises-means\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What does termination of company\u2019s activity by the Register of Enterprises means? &#8211; Leinonen Latvia\" \/>\n<meta property=\"og:description\" content=\"Pursuant to the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing the Register of Enterprises of Republic of Latvia (hereinafter &#8211; the \u201cUR\u201d) has already made a number of decisions on the termination of the activity of such companies that have not provided information on their beneficial owners to the UR. 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