Company Registration in Latvia - 100% Digital Setup

A limited liability company is the best structure for most foreign founders because it provides limited liability protection for your personal assets. Freelancers and some new startups can go for a micro-enterprise SIA that can be opened with just EUR 1.

Yes, if you are going for a standard private limited company, then you need at least EUR 2,800, whereas a low-capital SIA needs just EUR 1. Also, if you want to go for a public limited company, then you will need to deposit EUR 35,000.

Yes, you can easily establish a branch office if you are looking to extend your operations in the European Union. Most established overseas companies often go for a branch office setup instead of incorporating another subsidiary in Latvia.

Absolutely, foreign-based entrepreneurs can now open a business in Latvia without having to go through the trouble of appointing a local director. All you have to do is secure a legal address, file your application, and submit beneficial owner details to the registry.

Your application for company incorporation will be reviewed by the Register of Enterprises of the Republic of Latvia.

Yes, as per the company registration rules, you need a legal address, which must be registered with the Register of Enterprises. Companies can go for a virtual business address in case they don't have the requirement of a physical office.

Yes, you can file your application remotely through a local service provider to sign your paperwork through an e-signature. They will handle your entire process, including business registration, address setup, and online fintech banking solutions.

You can expect at least 1 to 3 days for your company to get enrolled in the register, but complete banking setup and tax registration will take around 1 to 4 weeks, depending on the authority's backlog, your paperwork's accuracy, and foreign document formalities.

The standard corporate income tax rate is 20%, which is levied on all distributed profits on a 20/80% net dividend basis. If you choose to reinvest the profits, then 0% is applicable. There's also a micro-enterprise regime available to select eligible businesses where the 25% rate is taxed on the turnover instead of profits.

Yes, the standard VAT that applies to most goods and services is around 21%; a reduced rate of 12% applies to essential food & medicine items, and a 5% rate is applicable to local agriculture. To know more about what rate applies to your goods and services, book a session with our VAT expert and clear your compliance doubts.

You will have to enrol for VAT if your turnover is EUR 50,000 for companies registered in Latvia. Foreign-registered companies and non-resident businesses don't have a threshold limit- they just have to enrol for VAT as soon as they make their first supply. Also, cross-border B2C supplies need to charge VAT or use the one-stop shop scheme.

No. Foreign-based entrepreneurs don't have to appoint a local director or promoter to establish a business in Latvia in most sectors. Once registered, you get to enjoy 100% ownership of your company as a non-EU/EEA-based business owner.

You will need an application form, a local service provider's e-signature, articles/memorandum of association, register of shareholders, company's legal address, copies of passport, board resolution, business plan for bank account opening, and details on the beneficial owners.

We don't just register your company but also provide round-the-clock regulatory compliance support, so you don't fall short of your obligations. Our associates manage structuring, documentation, filings, annual returns, license renewals, bank KYC, and other company compliance, making sure you continue to thrive in your foreign-owned business in Latvia.