When you register a company in Latvia, the law requires at least one director to be named in the corporate documents filed with the Enterprise Register. This director holds legal signing authority: they can execute contracts, open bank accounts, sign tax filings, and represent the company before government authorities. For foreign founders who cannot be physically present in Latvia or do not hold a Latvian or EU identity credential, this creates a practical gap — and that is exactly what a temporary management arrangement is designed to close.

What a temporary manager does

A temporary manager — sometimes called a nominee director — is a professional who serves as the legal director of your Latvian entity, acting within a strictly defined written scope set by agreement with you as the company's owner. They provide the legal presence and signing authority that the company requires, without taking any independent commercial decisions or making commitments beyond what you have explicitly authorised. The arrangement is governed by a director's service agreement and a power of attorney that clearly sets out the limits of what the temporary manager may and may not do on the company's behalf.

N3XTLV provides temporary management services for SIAs registered in Latvia. Our managers are professionally qualified individuals who operate only within the scope of authority explicitly granted by the shareholder. A full record of all actions taken on behalf of the company is provided on request, and full handover documentation is prepared when you appoint your own director.

When it makes sense to use one

The most common situation is the initial registration phase: you need a director named in the Enterprise Register before the company can be incorporated, but your own hire is not yet in place. A temporary manager closes that gap, allowing the registration to proceed immediately. The second common use case is a lean long-term structure: for holding companies, dormant entities, or structures where there is no operational reason to employ a full-time local director, using a professional service manager is significantly cheaper and involves far less administrative overhead than a direct employment relationship. A third situation is transition coverage — when a director resigns unexpectedly, a temporary manager maintains legal continuity while a replacement is identified.

  • Director is named in the Register of Enterprises — the company is legally complete and can open bank accounts and sign contracts
  • Available to sign documents, attend meetings with banks and authorities, and represent the company formally
  • All actions governed by a written scope-of-authority agreement — nothing happens without shareholder knowledge
  • Regular reporting on all company-related correspondence and actions
  • Structured handover process to your own appointed director when you are ready

Costs

Temporary management is typically priced as a monthly retainer. The fee depends on the level of activity required: a holding company that generates minimal document-signing activity attracts a lower retainer than a trading company requiring frequent bank interactions, regulatory filings, and authority communications. In most cases, combining temporary management with N3XTLV's full B2B Operations package — covering accounting, compliance filings, and administrative support — is the most efficient structure.