Company Formation in Latvia
Latvia is an up-and-coming jurisdiction which joined the European Union in 2004 and the Eurozone in 2014, allowing it to use the Euro as its currency. It is now a first-class citizen of Europe, bringing with it all the benefits of an EC nation. One of those benefits is generous incentives for investors, some of them backed by EU funds. The other is a fair corporate tax of 20% which does need to be paid until dividends are distributed. Additionally, much of the Latvian government’s online information is also available in English.
Latvia Company One-Stop-Shop
We provide everything you need to form a company in Latvia so that you can start operating your new business as fast as possible.
We will have your Latvia-based company ready for you in as little as 15 days.
Best Customer Support
Our team of company formation experts will advise you on anything and everything you need to properly incorporate your Latvian company.
Our all-inclusive Latvian company formation package provides you with all you need to incorporate and run a company in Latvia, including a bank account and a registered office for twelve months.
- Legal Address in Riga
- Virtual Office and Mail-Forwarding
- Online Bank Arrangement
- VAT Number (optional add-on)
Latvia is keen to make its mark in Europe. In 2020, it had the 16th fastest internet speeds in the world (faster than Germany, France and even Hong Kong), and free WiFi is extremely common. There are three free WiFi connection spots per square kilometre in Latvia. Its airport is first-class and offers numerous direct flights, including to New York and Dubai.
Part of our Latvia company formation service is to register your company for VAT if you wish to do so.
We will set up a local bank account to be able to incorporate your business in Latvia.
Registered Office in Budapest
We will give you a physical registered address in Riga, Latvia.
No matter what you need, our one-stop-shop will get you doing business in Latvia in no time.
How it Works
Check the product out in your shopping cart
Simply add the product you need to your shopping cart and then check it out to start your Latvian company formation process.
Answer some questions
We will send you some simple questions for you to fill in so that we can properly set up your new company in Latvia.
Sit back and relax
Let us do the work to set up your Latvian company. This will include a really quick and easy identity check where you’ll need your ID or passport to hand.
Reap the benefits!
Once your company has been formed, you can officially start doing business in Latvia!
See What Our Customers Say
“Setting up my company in Latvia was so easy, thanks to Start My Business’s company formation service.”
“We were moving to Latvia and I needed to transfer my business. Start My Business took care of it all for me so that I didn’t need to worry about a thing.”
Great virtual office service
“The virtual office service in Riga is really great. All my mail is forwarded and I just need to check in once a day to take care of anything important.”
Here are some common questions about company formations in Latvia.
What types of companies can be formed in Latvia?
- Limited Liability Company (SIA)
- Joint-stock company (A/S)
- Branch office
- Representative office
Latvia used to have many more types but has reduced them to bring their structure into a similar framework as the rest of Europe.
How many directors does a Latvian Private Limited Company (SIA) require?
Only one director. There are no restrictions on foreign shareholders.
How much capital is required to start a Latvian Private Limited company (SIA)?
€2,800, only half of which must be covered at the time of incorporation.
What incentives and tax credits exist in Latvia?
There are five special economic zones (SEZ) in Latvia that can give companies large rebates on corporate taxes and withholding taxes. There are numerous other incentives available for investors.
Do I need to have employees if I register a Latvian SIA?
Yes, at least one by law.