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Company registration in Latvia
Company registration in Latvia — is easy, because our lawyers will take care of preparation of documents. We offer a wide range of corporate services in Latvia up to your needs. We could provide you with a readymade solutions and all support services you need.
- Price from 799 EUR
- Registration process takes from 2 working days
- Legal services and accounting support
- Readymade companies
Company registration in Latvia
When registering your company in Latvia, you get a number of advantages, such as the ability to conduct direct business with the EU countries, an adequate tax burden, a convenient location and just free movement around the EU countries without a visa.
For a non-resident, there are two options for organizing an enterprise in Latvia - buying an existing company or registering a new one.
Buying an existing company for a non-resident of Latvia is easier and more profitable. Such a company is already fully registered and has all the documents necessary for operation. The incorporation of a new company is also possible, but one may face some difficulties associated with a personal presence in the country, as well as with contribution of authorized capital.
Our services for company registration in Latvia:
● Buying of an existing company;
● Registration of a new company meeting the requirements of the customer.
Price: from EUR 799
Registration term: from 2 days
The price includes:
● Preparation of all necessary documents;
● Registration of a legal address;
● Bank account for your Latvian company;
● Payment of state and notary charges;
● Company registration in a Commercial Register;
● Assistance of Latvian lawyers in transaction.
Registration or purchase of a Latvian company does not always require your personal presence - we will conduct the transaction remotely.
For a more detailed price offer, leave an inquiry on our website.
Types of companies in Latvia
SIA/LLC is the most common form of company organization, when the owners are not liable for the company’s obligations with personal assets. Authorized capital of an LLC in Latvia is 2800 euros.
АS/JSC is a joint stock company, the shares of which may be openly distributed. Authorized capital of such a company must be 35000 euros.
Our specialists will help you in choosing the type of company and drawing up all the documents necessary to register a company. Click here to fill in the application.
To make your business in Latvia easier, we offer a full range of company support services. You don’t have to look for third-party consultants and different service providers:
● E-office;
● Accounting and tax documents;
● Consultation of a Latvian lawyer of financial analyst;
● Auditing.
Personal presence is not always necessary to conduct business in Latvia. The virtual office service means that our address in Latvia will be indicated in the Commercial Register as a legal address. All correspondence will be delivered to you by e-mail or sent to your actual address. If necessary, we will provide you with local phone numbers and a Latvian domain name with hosting.
If necessary, we will take care of your accounting in Latvia. The cost of services depends on several factors: the type and field of activity of the company, the number of employees and the number of monthly transactions.
Financial statements in Latvia are submitted once a year, but VAT and social tax reports are required to be submitted on monthly basis. These obligations can also be taken over by our accounting officers.
Upon your request, we can offer the services of a local secretary, as well as other staff.
Our experts will support you in opening a bank account and advise you on the required procedures for the successful opening of an account with a Bank or a payment institution.
Today, payment institutions provides a full range of services for businesses, and the main advantage is remote account opening. We have a big experience in working with financial institutions and will be happy to support you.
Personal presence is not always necessary to conduct business in Latvia. The virtual office service means that our address in Latvia will be indicated in the Commercial Register as a legal address. All correspondence will be delivered to you by e-mail or sent to your actual address. If necessary, we will provide you with local phone numbers and a Latvian domain name with hosting.
If necessary, we will take care of your accounting in Latvia. The cost of services depends on several factors: the type and field of activity of the company, the number of employees and the number of monthly transactions.
Financial statements in Latvia are submitted once a year, but VAT and social tax reports are required to be submitted on monthly basis. These obligations can also be taken over by our accounting officers.
Upon your request, we can offer the services of a local secretary, as well as other staff.
Our experts will support you in opening a bank account and advise you on the required procedures for the successful opening of an account with a Bank or a payment institution.
Today, payment institutions provides a full range of services for businesses, and the main advantage is remote account opening. We have a big experience in working with financial institutions and will be happy to support you.
Personal presence is not always necessary to conduct business in Latvia. The virtual office service means that our address in Latvia will be indicated in the Commercial Register as a legal address. All correspondence will be delivered to you by e-mail or sent to your actual address. If necessary, we will provide you with local phone numbers and a Latvian domain name with hosting.
If necessary, we will take care of your accounting in Latvia. The cost of services depends on several factors: the type and field of activity of the company, the number of employees and the number of monthly transactions.
Financial statements in Latvia are submitted once a year, but VAT and social tax reports are required to be submitted on monthly basis. These obligations can also be taken over by our accounting officers.
Upon your request, we can offer the services of a local secretary, as well as other staff.
Our experts will support you in opening a bank account and advise you on the required procedures for the successful opening of an account with a Bank or a payment institution.
Today, payment institutions provides a full range of services for businesses, and the main advantage is remote account opening. We have a big experience in working with financial institutions and will be happy to support you.
Latvia's tax system is designed to be competitive and attractive to businesses and individuals, offering low corporate tax rates and various tax incentives. The country's corporate tax rate is currently set at 20%, which is one of the lowest in the EU, making it an ideal destination for businesses looking to reduce their tax liabilities.
In addition to its low corporate tax rate, Latvia also offers various tax incentives for businesses, including investment tax credits, research and development tax credits, and tax relief for start-ups. These incentives can help businesses to reduce their tax burden and reinvest more of their profits back into their operations.
For individuals, Latvia has a progressive income tax system, with rates ranging from 20% to 31.4%. The country also has a social security system that provides various benefits, including healthcare and retirement benefits, to individuals who are employed or self-employed in Latvia.
Navigating the tax landscape in Latvia can be complex, especially for foreign businesses and individuals. Our team of tax experts can help you understand the various taxes and regulations that apply to your situation and ensure that you are taking advantage of all the tax incentives and benefits available to you. Contact us today to learn more about how we can help with your tax needs in Latvia.
Latvia is one of those countries where retained income is not taxed. This rule applies to both active and passive types of income, as well as income from the sale of company assets. Once the company’s profits are distributed as dividends, dividend tax must be paid.
Latvia's tax rate on dividends is 20%. This means that if you receive a dividend from a Latvian company, you will be taxed at a rate of 20% on that dividend. The tax is withheld by the company that pays the dividend and is transferred to the Latvian State Revenue Service.
There are certain exemptions to this tax, such as for dividends paid by Latvian resident companies to other resident companies within the European Union or European Economic Area. Additionally, dividends paid by companies that have already paid corporate income tax in Latvia are exempt from this tax.
It's important to note that tax laws and rates can change, so it's always a good idea to consult with a tax professional for the most up-to-date and accurate information.
All companies registered in Latvia are obliged to pay social tax for their employees. From 1 January 2021, the rate of this tax will be 34.09%. Minimum salary in Latvia by 1 January will be 500 euros before taxes.
Latvia is one of those countries where retained income is not taxed. This rule applies to both active and passive types of income, as well as income from the sale of company assets. Once the company’s profits are distributed as dividends, dividend tax must be paid.
Latvia's tax rate on dividends is 20%. This means that if you receive a dividend from a Latvian company, you will be taxed at a rate of 20% on that dividend. The tax is withheld by the company that pays the dividend and is transferred to the Latvian State Revenue Service.
There are certain exemptions to this tax, such as for dividends paid by Latvian resident companies to other resident companies within the European Union or European Economic Area. Additionally, dividends paid by companies that have already paid corporate income tax in Latvia are exempt from this tax.
It's important to note that tax laws and rates can change, so it's always a good idea to consult with a tax professional for the most up-to-date and accurate information.
All companies registered in Latvia are obliged to pay social tax for their employees. From 1 January 2021, the rate of this tax will be 34.09%. Minimum salary in Latvia by 1 January will be 500 euros before taxes.
Latvia is one of those countries where retained income is not taxed. This rule applies to both active and passive types of income, as well as income from the sale of company assets. Once the company’s profits are distributed as dividends, dividend tax must be paid.
Latvia's tax rate on dividends is 20%. This means that if you receive a dividend from a Latvian company, you will be taxed at a rate of 20% on that dividend. The tax is withheld by the company that pays the dividend and is transferred to the Latvian State Revenue Service.
There are certain exemptions to this tax, such as for dividends paid by Latvian resident companies to other resident companies within the European Union or European Economic Area. Additionally, dividends paid by companies that have already paid corporate income tax in Latvia are exempt from this tax.
It's important to note that tax laws and rates can change, so it's always a good idea to consult with a tax professional for the most up-to-date and accurate information.
All companies registered in Latvia are obliged to pay social tax for their employees. From 1 January 2021, the rate of this tax will be 34.09%. Minimum salary in Latvia by 1 January will be 500 euros before taxes.
Latvia is one of those countries where retained income is not taxed. This rule applies to both active and passive types of income, as well as income from the sale of company assets. Once the company’s profits are distributed as dividends, dividend tax must be paid.
Latvia's tax rate on dividends is 20%. This means that if you receive a dividend from a Latvian company, you will be taxed at a rate of 20% on that dividend. The tax is withheld by the company that pays the dividend and is transferred to the Latvian State Revenue Service.
There are certain exemptions to this tax, such as for dividends paid by Latvian resident companies to other resident companies within the European Union or European Economic Area. Additionally, dividends paid by companies that have already paid corporate income tax in Latvia are exempt from this tax.
It's important to note that tax laws and rates can change, so it's always a good idea to consult with a tax professional for the most up-to-date and accurate information.
All companies registered in Latvia are obliged to pay social tax for their employees. From 1 January 2021, the rate of this tax will be 34.09%. Minimum salary in Latvia by 1 January will be 500 euros before taxes.
