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Wednesday 21.02.2018 | Name days: Eleonora, Ariadne
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2012 fails to beat the newly registered enterprises record of 2011

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Even though there as a notable number of newly registered enterprises in 2012, the record set by 2011 in this regard was not beaten. Last year, there were 16 899 new enterprises registered at the Enterprise register (18 041 in 2011).

Of them – 15 753 were associations with limited liability, 760 – individual merchants, and 31 – joint stock companies. Also, last year, compared with 2011, the number of terminated enterprises increased by 9.87% – 4 308 subjects were terminated last year, as the data from Lursoft states.

The rapid increase of newly registered enterprises was largely affected by the opportunity to be able to register a small capital limited liability association. There were 10 393 limited liability associations registered in Latvia in 2012. The base capital of half of them is 1 LVL. In 2011, however, 77% of newly registered enterprises had a base capital of 1 LVL.

A notable number of individuals used the open opportunity to register a small capital enterprise; most of them were never affiliated with business in the past.

Not all new businessmen chose to register their enterprises with a reduced base capital. Among the newly welcomed businessmen there are also those, who invested several millions in the base capitals of their enterprises. Five of the largest registered enterprises of 2012 are: FG Management (6 254 000 LVL), UVZ Baltija (5 000 000 LVL), Keys (3 795 142 LVL), NIF Projects 9 (2 900 000 LVL) and Dzirnavu 33 (2 500 000 LVL).

A notable part of new enterprises were registered in Latvia’s largest cities. 9 762 of them were registered in Riga. Compared with 2011, there were fewer newly registered enterprises in all largest cities in Latvia.

The largest reduction in terms of the number of newly registered enterprises was noted in Valmiera (194 in 2011, 145 in 2012). There were notably fewer enterprises registered in Daugavpils (-16.67%) as well in Jelgava (-12.40%).

It should be added that new enterprises were registered in all Latvian cities and regions. Two regions had no reduction in the number of active enterprises in 2012 – Aknite and Baltinava.

Ref: 102.109.109.5574


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