Property contributions

EUROEXPERT is included in the Register of Enterprises list of approved experts on property contributions for all categories of property appraisal.

EUROEXPERT has rights to appraise all types of property contributions under the Commercial Law:

  • Real estate
  • Technological equipment and tools
  • Transport vehicles
  • Agricultural machinery
  • Intellectual property
  • Business activity
  • Wood
  • Articles of art and antiques

The Commercial Law states that joint-stock companies, limited liability companies, as well as cooperative societies must make an appraisal of property before it can be accepted as property contribution.

Only an expert included in the Register of Enterprises list of approved experts is allowed to perform appraisal of property contributions for joint-stock companies.

With reference to limited liability companies, the Law provides for the following exception: if the overall value of property contributions does not exceed 4000 LVL, and amounts to less than a half of LLC’s share capital, the appraisal of property contribution may be performed by the founders (co-owners in case of capital stock increase). In other cases, only an expert included in the Register of Enterprises list of approved experts is allowed to perform the appraisal of property contribution for limited liability companies.

Amendments to the Law on Cooperative Societies as in force since 24.07.2002 state that only an expert included in the Register of Enterprises list of approved experts is allowed to appraise property contributions for cooperative societies.

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