[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 width=”2\/3″ 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=””]
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Setting up a limited liability company, including new and aged shelf companies (inc. with VAT registration)<\/strong><\/p>\n<\/div>\n\t\t<\/div>\n\t\t \n\t\t Accounting&payroll, registered office address, local representative services, banking advisory<\/strong><\/p>\n<\/div>\n\t\t<\/div>\n\t\t \n\t\t Fintech licensing (CASP, EMI), inc. on-going AML and regulatory compliance solutions<\/strong><\/p>\n<\/div>\n\t\t<\/div>\n\t\n\t\t<\/div>\n\t[vc_column_text]<\/p>\n We will help you choose the most efficient and cost-effective way to start your business in Latvia.<\/strong> In most cases, individuals prefer incorporating a new company, while corporate shareholders often opt for a ready-made solution. We also offer VAT-active shelf companies for prompt transfer when needed.<\/p>\n In all cases, the setup can be completed remotely without the need to travel.<\/strong> We take care of all the documentation, ensuring everything is set up quickly and smoothly so you can start your business with ease. Get your free case evaluation today and receive a personalized price quote! \u00bb<\/a><\/strong><\/p>\n [\/vc_column_text][\/vc_column][vc_column width=”1\/3″ rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” 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”] The Latvian limited liability company<\/strong> (Sabiedriba ar ierobezotu atbildibu<\/em> or SIA<\/em> in Latvian) is the most popular business structure, as shareholders are not personally liable for the company\u2019s obligations. Per request we can also support with setting up a branch office, joint stock company, general partnership or a limited partnership.<\/p>\n There are no restrictions on the residency of the shareholder(s) and board member(s).<\/strong> There are specific limitations for the company registered office address as the permission of the owner of the premises is required, and if more than 10 companies are located at such address an additional review time may be applied.<\/p>\n Company formation in Latvia can be completed remotely with a Power of Attorney (PoA) issued to us, via digital signature (available for selected EU ID card holders), or by scheduling a notary appointment. We will recommend the most optimal solution per the specific situation. We also prepare all the legal documentation and submit the necessary applications, requiring only basic information from you. It typically takes 5 business days from submission for the registry to finalize the full process.<\/strong><\/p>\n We have helped hundreds of international companies with their company setup in Latvia, while also offering expert banking advisory for local bank accounts and assistance with licensing and regulatory compliance. With our experience and tailored approach, we ensure a smooth and efficient process for every business.<\/p>\n [\/vc_column_text][\/vc_column][vc_column width=”1\/3″ rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” 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”] Step 1: Get in touch for consultation<\/strong> Step 2: We take care of everything<\/strong> Step 3<\/strong>: Start business in Latvia<\/strong> We provide a full range of corporate services in Latvia including company formations, VAT and EORI registrations, legal advisory, virtual registered office, accounting&payroll,\u00a0licensing (e.g. CASP, EMI) and bank account opening support. Corporate secretarial services on request.<\/p>\n [\/vc_column_text][vc_tta_tabs shape=”square” active_section=”1″][vc_tta_section i_icon_fontawesome=”fas fa-map-marker-alt” add_icon=”true” title=”Office address” tab_id=”1502275228055-d54577dc-843e2d80-acc0″][vc_column_text]<\/p>\n Our virtual office service is a flexible solution for companies who do not need a physical office in Latvia. We may provide an address in Riga that will be used for registering with the registry and as the administrative address for the company to receive postage. The postage sent to your company will be forwarded to you by e-mail (scanned copy) or by regular mail on request. We can also set up individual local telephone and fax numbers as well as a local domain name with web hosting for your company.<\/p>\n [\/vc_column_text][\/vc_tta_section][vc_tta_section i_icon_fontawesome=”fas fa-calculator” add_icon=”true” title=”Accounting” tab_id=”1502275228089-54db452f-21b52d80-acc0″][vc_column_text]<\/p>\n Our accounting department can take care of all of your Latvian company bookkeeping, as well as consult about financial and tax questions. The monthly cost of bookkeeping depends on the company profile, for example on the number of transactions and payroll calculations. Financial statements have to be submitted annually while VAT returns and social tax declarations have to be submitted monthly.<\/p>\n [\/vc_column_text][\/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-university” add_icon=”true” title=”Bank account” tab_id=”1502275308333-ecb5d0f6-1d712d80-acc0″][vc_column_text]<\/p>\n We work with several banks (e.g. Citadele <\/a>and BluOr Bank<\/a>) to ensure the most time efficient opening of a business bank account for your company in Latvia. To set up the account, a board member has to be present for a face to face meeting during the first application stage. The payment card and online banking security token are received in the second stage. Our team member can be appointed to receive these on your behalf and they will then be forwarded to you. Our compliance team will consult on choosing the best bank for your business and provide support through the account opening process.<\/p>\n [\/vc_column_text][vc_message message_box_color=”grey”]<\/p>\n It is also possible to open a fully functioning fintech bank account with an individual IBAN account number and with a payment payment card for your company in Latvia, with no travel required. Please refer to: Online bank account with IBAN and payment card<\/a><\/p>\n [\/vc_message][\/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-calendar-check-o” add_icon=”true” title=”Audit” tab_id=”1502337394778-7486aa1f-51c52d80-acc0″][vc_column_text]In Latvia, a limited audit review is required for small undertakings that, for two consecutive years, exceed at least two of the following three criteria:<\/p>\n A limited review of the annual statement is a review engagement carried out by a sworn auditor or a commercial company of sworn auditors, in accordance with the Audit Services Law. This review includes checking the financial statement data and the conformity of the enterprise\u2019s income tax amounts.<\/p>\n A statutory audit is required for small undertakings that, for two consecutive years, exceed at least two of the following three criteria:<\/p>\n Further information can be found at Latvian Finance Ministry website<\/a>.<\/p>\n [\/vc_column_text][\/vc_tta_section][\/vc_tta_tabs] We have outlined the key non-binding corporate taxation points in Latvia. For personalized tax consultation related to your situation, please contact us to schedule a meeting with our Latvia-based tax specialist.<\/p>\n [\/vc_column_text][vc_tta_tabs][vc_tta_section i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-chart-pie” add_icon=”true” title=”Corporate tax (CIT)” tab_id=”1502275643472-56703b8a-7ebe2d80-acc0″][vc_column_text]<\/p>\n In Latvia, corporate profits are not subject to corporate income tax at the time they are earned. Latvia applies a distribution-based corporate income tax system, under which corporate income tax is generally levied only upon the distribution of profits or deemed profit distributions. As a result, profits retained in the company, including active income (such as trading income), passive income (such as dividends, interest and royalties), and capital gains from the sale of assets, including shares and securities, are not taxed until they are distributed. As an exception, certain income items may be treated as deemed distributions and taxed even if not formally distributed.<\/p>\n [\/vc_column_text][\/vc_tta_section][vc_tta_section i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-share” add_icon=”true” title=”Dividends (WHT)” tab_id=”1502275643521-09a52d22-c2672d80-acc0″][vc_column_text]<\/p>\n Distributed profits are subject to corporate income tax calculated as 20\/80 of the net distribution. Under this mechanism, if a company allocates 100 EUR of profit for distribution before corporate income tax, the corporate income tax amounts to 20 EUR and the shareholder receives 80 EUR net. From the Latvian perspective, this tax is treated as corporate income tax rather than a withholding tax, and therefore the applicable tax rate is generally not affected by double tax treaties.<\/p>\n [\/vc_column_text][\/vc_tta_section][vc_tta_section i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-loop” add_icon=”true” title=”Value Added Tax (VAT)” tab_id=”1502275825029-f7ee795a-4cdd2d80-acc0″][vc_column_text]<\/p>\n The standard VAT rate in Latvia (pievienot\u0101s v\u0113rt\u012bbas nodoklis, PVN) is 21% and applies to most supplies of goods and services. Reduced VAT rates apply to specific goods and services, including a 12% reduced rate and a 5% reduced rate for certain qualifying supplies, while a 0% VAT rate applies to exports and certain other transactions. For resident businesses, VAT registration is generally required once taxable turnover exceeds EUR 50 000 in a calendar year. Non-resident businesses may be required to register for VAT from the first taxable supply in Latvia, depending on the nature of the transaction and VAT rules.<\/p>\n [\/vc_column_text][\/vc_tta_section][vc_tta_section i_type=”openiconic” i_icon_openiconic=”vc-oi vc-oi-layers” add_icon=”true” title=”Social” tab_id=”1502275825906-9f97a578-54782d80-acc0″][vc_column_text]<\/p>\n Employers operating in Latvia (including permanent establishments of foreign entities) must pay mandatory state social insurance contributions on employee remuneration. The combined standard social security contribution rate is 34.09% of gross wages, of which 23.59% is paid by the employer and 10.50% is withheld from the employee\u2019s salary. The minimum gross monthly salary is EUR 780 as of 2026.<\/p>\n [\/vc_column_text][\/vc_tta_section][\/vc_tta_tabs][\/vc_column][vc_column width=”1\/3″ rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” 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”] Below we have included the frequently asked questions for company formation and corporate services in Latvia and the appropriate answers.<\/p>\n [\/vc_column_text][vc_toggle title=”What documentation is needed?”]In order to register and process your order we ask for you your passport scan, residential address (w. utility bill) and contact details.[\/vc_toggle][vc_toggle title=”How long does it take?”]In Latvia the official processing time is 5 business days from the submission of the documentation.[\/vc_toggle][vc_toggle title=”Do I have to come to Latvia?”]The company setup procedures can be processed fully remotely with travel to Latvia not required. However if you prefer we can also schedule a notary meeting in Riga for onsite service.[\/vc_toggle][vc_toggle title=”What is a micro-tax company?”]<\/p>\n The Latvian Micro-business Tax (MBT) Act gives existing and newly-formed businesses the opportunity of acquiring micro-business status and registering if they meet a certain criteria (e.g. the shareholders are only natural persons). Please contact us for further information.<\/p>\n [\/vc_toggle][vc_toggle title=”What if I am not from the EU?”]Latvia does not put forward any restrictions on the nationality or residency for company shareholders and\/or management board members, hence there is no problem.[\/vc_toggle][vc_toggle title=”Can I register a branch for my company?”]Yes, we support with both branch and subsidiary setups for corporate shareholders.[\/vc_toggle][vc_toggle title=”How much does it cost?”]Our pricing for both new company formation and new shelf companies in Latvia starts from 1280 EUR. The final cost of your project will depend on further services required such as local registered office address, VAT registration, remote service package or similar. Also the annual costs will depend on the list of required services. We would be glad to provide a detailed quote specific to your project.[\/vc_toggle][vc_toggle title=”Do I need registered office address?”]Having a local registered office address is mandatory for every Latvian company. The legal address will be shown in the commercial registry and the official letters addressed to the company will be sent to this address. We provide a virtual registered office address as a service and forward the postage received as scanned copies to your e-mail.[\/vc_toggle][vc_toggle title=”Can I choose the company name?”]Yes, you can choose the company business name. It is subject to registry availability. You may check availability for the name here: https:\/\/www.lursoft.lv<\/a>[\/vc_toggle][vc_toggle title=”How do I open the bank account?”]There is no shortage of international and local banks in Latvia and banking systems are highly advanced. We can open the bank account for your company, but it is not possible to transfer the bank account access by proxy or by Power of Attorney, hence a face to face meeting is required at the bank. We provide a full service for on-site bank account opening, inc. assistance with scheduling the meetings and accompanying you to the bank. In addition, an alternative solution for a quick start it is also possible to open with a fintech bank in the European Union which can be done online with no visit needed and then proceed to opening with a local traditional bank in Latvia in later steps.[\/vc_toggle][vc_toggle title=”What about reporting requirements?”]Irrespective of size, the Latvian limited company has to file annual accounts with the commercial registry once a year. Small companies are exempted from the requirement of appointing an auditor. VAT returns and social tax declarations have to be submitted monthly. Our accounting department can take care of all reporting requirements on your behalf.[\/vc_toggle][vc_toggle title=”How do I get started?”]In the first step please let us know of your objectives for setting up a company in Latvia. In the second step we propose the best solution with a step-by-step overview and a detailed price quote for company formation in Latvia. In the third step we take care of all legal documentation and applications.[\/vc_toggle][\/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=”” id=”contact” 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 width=”2\/3″ 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=””] For any questions regarding company formation in Latvia, please reach out through the contact form below.<\/strong> To receive an overview of the procedures and pricing, kindly provide preliminary details, such as the number of participants in your company structure and their country of residency. Our country manager can then respond with a tailored indication including information on the procedures, timelines, and a pricing breakdown.<\/p>\n [\/vc_column_text]\n <\/p> <\/span>Company in Latvia<\/h3>\n\t\t\t\t\t<\/div>[vc_hoverbox image=”4838″ primary_title=”” hover_title=”We’ll get you started in Latvia!”]We have helped hundreds of businesses to set up in Latvia. We offer time and cost efficient remote setup packages with no travel needed. Our pricing for company formation in Latvia starts from 1280 euros.[\/vc_hoverbox][vc_empty_space height=”8px”]
<\/span>Priced from 1280 euros<\/h5>\n\t\t\t\t\t<\/div>
<\/span>Company setup from 5 days<\/h5>\n\t\t\t\t\t<\/div>
<\/span>VAT active companies available <\/h5>\n\t\t\t\t\t<\/div>
<\/span>Accounting services & payroll<\/h5>\n\t\t\t\t\t<\/div>
<\/span>CASP, EMI, PI and STO legal support<\/h5>\n\t\t\t\t\t<\/div>[\/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 width=”2\/3″ 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 Limited Liability Company (SIA) Setup and Services<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
<\/span>What are the steps?<\/h3>\n\t\t\t\t\t<\/div>\t \n\t\t
\nLet us know of your target objectives and we propose the best solution for your consideration. Preliminary consultation and detailed price quotes are free of charge.<\/p>\n<\/div>\n\t\t<\/div>\n\t\t \n\t\t
\nWe prepare all legal documentation and forward for your signatures. As an option we offer full remote service, no travel is needed for the company formation in Latvia.<\/p>\n<\/div>\n\t\t<\/div>\n\t\t \n\t\t
\nWe take care of all applications and set up any corporate services needed. We notify you when the process is finalized and when your company in Latvia is ready for business.<\/p>\n<\/div>\n\t\t<\/div>\n\t\n\t\t<\/div>\n\t[\/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 width=”2\/3″ 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=””]Corporate Services in Latvia<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
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Taxation Basics in Latvia<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
<\/span>Frequently Asked Questions<\/h3>\n\t\t\t\t\t<\/div>[vc_column_text css=”.vc_custom_1586928688804{margin-bottom: 20px !important;}”]<\/p>\n
Questions? Our Legal Team would be Glad to Assist!<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
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