Nominee / Resident Director — Latvia (Contract, Part-Time)

Engagement type: Independent contractor / service agreement Location: Latvia (must be a Latvian tax resident) Commitment: Up to 5 hours per week on average, on an as-needed basis. The actual time required will vary, and some periods (e.g., filing deadlines, registrations, or authority requests) may require more hours than others. Reports to: Client company / appointing corporate service provider

Role Overview

We are seeking an experienced professional to act as a resident director (board member / valdes loceklis) for one or more client entities registered in Latvia. This is a non-executive, representational role — it provides a compliant local presence and supports the company's statutory standing. It is not an active management position: the director does not run day-to-day operations, set commercial strategy, manage staff, or direct the business. Operational and commercial decisions remain with the company's owners and management.

This nonetheless remains a fiduciary position. The appointed director is formally entered in the Latvian Commercial Register (Uzņēmumu reģistrs) and carries the legal duties and personal responsibilities that accompany a board mandate under Latvian law. Candidates must understand and be comfortable with that exposure, even though the role is non-operational in practice.

Key Responsibilities

The role is limited to statutory and representational duties. It does not include operational management, commercial decision-making, staff supervision, or day-to-day running of the business.

• Serve as a registered board member of a Latvian limited liability company (SIA) or comparable entity, providing the required local presence.
• Sign board resolutions and statutory filings within a clearly defined, limited scope of authority, acting on the instructions of the company's owners/management.
• Support communication with the State Revenue Service (VID), the Commercial Register, and other competent authorities as required.
• Confirm and maintain the company's registered office and local contact obligations.
• Support timely statutory filing and reporting (carried out in practice by the company's accountants and service providers).
• Confirm that beneficial ownership (UBO) information is recorded and current in the relevant register.
• Escalate any matter outside the agreed mandate to the client / beneficial owners; the director does not initiate business or operational decisions independently.

Experience Required

Director / board experience

• Minimum 5+ years in a director, board member, company secretary, or senior corporate governance role.
• Prior experience serving on the board of a Latvian SIA or a comparable EU entity is strongly preferred.
• Demonstrated understanding of fiduciary duties, signing authority, and the decision-making responsibilities of a board member.

Latvian corporate and regulatory knowledge

• Working knowledge of the Latvian Commercial Law (Komerclikums) and the duties and liabilities of board members thereunder.
• Familiarity with Commercial Register procedures, statutory filing requirements, and annual reporting obligations.
• Practical experience interacting with the State Revenue Service (VID), including tax registration, VAT, and payroll-related matters.

Compliance, AML & risk

• Solid grounding in AML/KYC obligations, sanctions screening, and beneficial ownership disclosure — Latvia maintains a strict compliance environment following its banking-sector reforms.
• Ability to recognize and decline activity that creates regulatory, reputational, or personal liability risk.
• Clean record: no director disqualifications, insolvency-related restrictions, or relevant adverse findings.

Service-provider context

• Experience working with corporate service providers, fiduciary firms, law firms, or accounting practices is a strong advantage.
• Comfort managing multiple client entities and maintaining clear documentation of decisions and mandates.

Qualifications & Credentials

• Latvian tax residency (essential for the resident-director function).
• Degree or professional qualification in law, accounting, finance, business administration, or a related field — or equivalent practical experience.
• Languages: Latvian required for official filings and authority communication; professional English required; Russian a plus.

Attributes

• High personal integrity and a conservative, compliance-first mindset.
• Detail-oriented and reliable with statutory deadlines.
• Clear communicator who keeps clients and service providers informed.
• Discreet in handling confidential corporate information.

Engagement Terms

• Part-time, contract basis. The estimated commitment is up to 5 hours per week on average, but the actual time required will vary — certain periods may require more hours, and the workload scales with the number and activity of client entities.
• Exclusivity: The individual may not serve in this director/board function for any other company outside of this engagement. Acting as a director-for-hire for unrelated entities is not permitted while engaged in this role.
• Compensation: Candidates should propose their hourly rate, which will be paid out monthly based on actual hours worked.
• Scope of authority is defined per a written services / director agreement.
• Appropriate liability protections (e.g., indemnity arrangements, defined mandate, D&O coverage where available) to be agreed in the contract.

The scope of this role is limited to lawful corporate governance and local-presence services. Candidates must be willing to comply fully with all Latvian and EU regulatory, tax, and AML requirements.