Company Registration

Company Registration

Company-registration

Starting a company in Latvia creates an opportunity for doing business with companies based in Central and South-East Europe, the Baltic States, and the CIS countries. Furthermore, you can use the benefits of Special Economic Zones and Holding Company Regime for tax optimization purposes as Latvia provides a business-friendly environment for both local and foreign entrepreneurs.

Latvian company can be fully owned by foreign shareholders, both natural persons and legal entities, including offshore companies, so there is no need for a local person whom you will trust to own or manage your company.

The most commonly used type of legal entity in Latvia – SIA (LLC) Limited Liability Company

Advantages of Latvian LLC:

  • Shareholders' liability is limited to the amount the shareholder has agreed to pay for his or her shares of LLC's (SIA) share capital;
  • Fast registration: from 2 to 4 working days, depending on company form and structure;
  • All the formalities related to company registration can be handled remotely, so there is no need for coming to Latvia;
  • Latvian company can be fully owned by foreign shareholders, both natural persons and legal entities, including offshore companies;
  • Latvian company can be managed by 1 person (director) – Member of the Board;
  • There are no requirements for a local director;
  • Minimum share capital in Latvian LLC is set at 2800 EUR;
  • It is allowed to register LLC with a reduced share capital – starting from 1 EUR.

Share Capital:

Minimum share capital in Latvian LLC is set at 2800 EUR.

At least half of the share capital must be paid before submission of the registration documents to the Enterprise Register of Latvia. The rest of it has to be paid within 1 year from the date of registration.

It is allowed to register LLC with a reduced share capital: from 1 EUR to 2799 EUR if the following requirements of the Commercial Law are met:

  • The number of shareholders should not exceed 5 natural persons (residents or non-residents);
  • All the shareholders must be members of the Board;
  • Each shareholder can be a member of only one LLC with a reduced share capital.

What do we offer?

  • Preliminary consultation to discuss the most efficient structure for your business;
  • Preparation of the registration documents for: Limited Liability Company (SIA), Branch (ĀKF), Representative Office of Foreign Merchant (Pārstāvniecība);
  • Submission of the registration documents to the Enterprise Register of Latvia on your behalf;
  • EU VAT identification number registration in the State Revenue Service;
  • Ability to arrange and complete the registration remotely;
  • Assistance with opening a corporate account in Latvian banks;
  • Apostille;
  • Translation of the registration documents and its notarization.

For more information on prices for company registration services, please follow the link.

Contact Us

UNITED AGENTS ​

Tel: +371 26133646
Tel: +371 28223563
Email: info@unitedagents.eu
Address: 76/78 Matīsa St. Rīga, LV-1009, Latvia

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