The beneficial owner of an enterprise is a natural person holding or controlling at least 25% of the shares or voting shares of a legal entity. Also, a person who controls a legal entity or establishes business relations on behalf of the real beneficiary.

For more information on the subject, please read our Latvian website: http://leinonen.lv/news/news-2017/obligation-to-disclose-the-beneficial-owners-of-enterprises