Company registration in Latvia, overview in a nutshell<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
Latvia is a member of the EU with a population approx. 2 million inhabitants, most of whom live in the capital city of Riga.<\/strong> One of the reasons many consider to start their business in Latvia<\/strong> is the location \u2013 Latvia is situated right between eastern and western regions of Europe bordered by Russia, Belarus, Estonia, and Lithuania, which means the good location can be used as a bridge between those two regions.<\/p>\n A good location is supported by strong connections with the rest of the world \u2013 there are three marine ports, railroads, and direct flight connections to around 80 destinations all over the world. Partly because of the location and partly because Latvia is a small country, most people are fluent in English and Russian, which makes communication easy. All of that, combined with one of the lowest tax rates in Europe, makes it an attractive place to choose to register your company in Latvia<\/strong>.<\/p>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_padding_top=”10″][vc_column rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”true” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”” rt_bg_overlay_color=””] There are several different options for company registration in Latvia<\/strong>. The decision about which one to choose depends on the planned business type, the number of employees, if it is supposed to be private or public and many other factors. Most common ways to start business activities in Latvia are:<\/p>\n In case you are planning to grow your business in Latvia, you can find additional information from the Latvian State Service Portal<\/a> and from the Latvian Commercial Registry<\/a>.<\/p>\n In the majority of cases, both locals and non-residents choose to start their business in Latvia with a limited liability company (sabiedr\u012bba ar ierobe\u017eotu atbild\u012bbu<\/em> or SIA in Latvian)<\/strong>, which can can be started by one or more natural persons or legal entities. The minimum share capital for the SIA is 2800 EUR, but there is also an option to establish the company with lower capital. As the limited liability company SIA is the most popular company form we are focusing on this option below.<\/p>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_padding_top=”0″ rt_padding_bottom=”0″][vc_column rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”true” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”” rt_bg_overlay_color=””] Latvian company formation<\/strong> is a straightforward process, but there are some important aspects that have to [\/vc_column_text][\/vc_column][\/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_padding_top=”5″ rt_padding_bottom=”0″][vc_column width=”1\/2″ rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”true” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”” rt_bg_overlay_color=””] [\/vc_column_text][\/vc_column][vc_column width=”1\/2″ rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”true” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”” rt_bg_overlay_color=””] [\/vc_column_text][\/vc_column][\/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_padding_top=”0″][vc_column rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”true” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”” rt_bg_overlay_color=””] [\/vc_column_text][\/vc_column][\/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_padding_top=”5″][vc_column rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”true” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”” rt_bg_overlay_color=””] When you have your new company in Latvia registered, but before you start your activities, you still need to check if any further registrations are needed. It depends on the type of business, which exact registrations you need, but you might need some of the following registrations:<\/p>\n You most likely also need a local accountant to run your business smoothly and comply with Latvian generally accepted accounting principles. If you do not have a local accountant yet, we offer accountancy as a service, which means you will only pay for the work you actually need to be done based on hourly rate.<\/strong><\/p>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_padding_top=”5″][vc_column rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”true” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”” rt_bg_overlay_color=””] It is always easier to go through both processes \u2013 company registration in Latvia <\/strong>from scratch or purchasing a ready-made company with local support, who knows the processes and can assist with the language.<\/p>\n MAXCORP is a licensed service provider with a professional legal team in business since 1998.<\/strong> Our Riga office would be glad to find the best possible option for your personal needs. We assist with new incorporations and always have new pre-registered companies without any previous activity ready to purchase. Further, we can also offer aged shelf companies with opened bank accounts ready for business.<\/p>\nBusiness forms in Latvia<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
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How to register a company in Latvia?<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text css=”.vc_custom_1580805627585{margin-bottom: 0px !important;}”]<\/p>\n
![\"Company](\"https:\/\/www.maxcorp.eu\/eng\/wp-content\/uploads\/2019\/11\/company-registration-latvia-300x126.jpg\")
be taken into account. Based on many years of experience we strongly recommend having local support, since most required documents are in Latvian language, and the authorities may ask you to come in for an interview or visit your registered office address unannounced (e.g. for VAT registration) unless the steps are prepared by professionals. The simplest way to get started with your Latvian business is to purchase a new shelf company with a clean balance sheet. The alternative option is to incorporate a new company. We have covered both options below.<\/p>\n<\/span>Step-by-step company registration in Latvia<\/h4>\n\t\t\t\t\t<\/div>[vc_column_text css=”.vc_custom_1574077010506{margin-bottom: 10px !important;}”]<\/p>\n
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<\/span>Step-by-step purchasing a shelf company in Latvia<\/h4>\n\t\t\t\t\t<\/div>[vc_column_text css=”.vc_custom_1574077027415{margin-bottom: 0px !important;}”]<\/p>\n
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<\/span>Important points to keep in mind<\/h4>\n\t\t\t\t\t<\/div>[vc_column_text]If you start a Latvian company yourself or decide to purchase a Latvian shelf company, there are some requirements one needs to know about registering a company in Latvia:<\/strong><\/p>\n
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Steps required after company registration in Latvia<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
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How to start the process of company registration in Latvia?<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n