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Latvia

Call us

Moscow +7 499 350 1484

Riga (+371) 29-910-846

 

Company registration in Latvia

 
Name of service

Package

Economy

Package

Standard

Package

Full

Package

Plus

Package

Exclusive

 
Company registration, including the payment of state fees + + +     +     +
Notary Services - + + + +
State fees in register - + + + +
Legal address for 1 year - + + + +
Remote opening, including the transfer of power of attorney - - + + +
Account in Norvik Bank - - - + +
Accounting service for 1 year - - - - +
VAT number on request on request on request on request on request
Total cost 650 EUR 1515 EUR 1965 EUR 2265 EUR 2915 EUR
Annual service fee - 650 EUR 650 EUR 650 EUR 1300 EUR
 
Order
Order
Order
Order
Order

 

May1, 2004 Latvia has joined the European Union. Since March 29th 2004 Latvia is NATO member.
On December 21, 2007 Latvia part of the Schengen zone.

 

 

General information

 

Area  - 64 589 sq. km
Population   - 2 005 000
Capital    - Riga
Official language   - Latvian
Official currency   - Euro (EUR)  
Legal system    - parliamentary republic

 


Legal form of company

 

Most common legal form in Latvia is Company with limited liability
Limited Liability;
Joint Stock Company.

 

 

Key specials

 

Latvia has agreements for the prevention of double taxation with following countries:
Australia, Austria , Belgium, Britain , Germany, Greece , Israel , Zambia Denmark , Iceland, Ireland, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Mexico, Netherlands, New Zealand , Norway, Pakistan , Poland, Portugal, Russia ,USA, Finland, France, Czech Republic , Switzerland , Sweden , Estonia , South Africa , South Korea , Japan,Mexico , Netherlands, New Zealand, Norway, Pakistan, Poland, Portugal, Russia, USA, Finland, France, Czech Republic, Estonia, South Africa, South Korea, Japan.

 

 

Corporate legislation

 

- Latvian Commercial Law

 

 

Share capital

 

Limited Liability Company   - 2 800    EUR
Joint Stock Company    - 35 000   EUR

 

 

Opening of bank accounts

 

For Latvian Company we offer bank accounts in following countries:
Latvia
Estonia
Lithuania
Switzerland
Cyprus
Denmark
St. Vincent and the Grenadines
Belize
Seychelles
Tanzania
Bosnia
Hong Kong
Dubai   
Full list of bank accounts with tariffs you can find here

 

 

The main requirements for directors  and shareholders for company (sia)

 

Legal status    - a legal entity
Founders,Shareholders   - minimum one
Status of     - private or corporate persone
Residence    - can be resident from any country  
The Government     
Directors   - minimum one
Status of     - private persone
Residence      - can be resident of any country
Secretary    - one (private persone)
* Information about shareholders    stored in the registry.

 

 

The main requirements for directors  and shareholders for company (as)

 

Legal status    - a legal entity
Founders, Shareholders - minimum three         
Status of    - private or corporate person
Residence   - can be resident  from any country  
The Government    - Meeting of shareholders'
Directors   - minimum one
Status of     - private persone
Residence     - can be resident of any country
Secretary    - one (private persone)
* Information about directors and shareholders  stored in the registry.

 

 

Taxation

 

Value added tax  - 21%   (transactions in Latvia); 0%  - (export transactions with the EU)
Corporate tax  - 10%
The tax on dividends is: received  - 0% (excluding dividends from offshore ); paid  - 0% (if the recipient private person - 10% if offshore - 15 %); interest paid   - 0% (excluding interest in offshore);
Paid royalties  - 0% (excluding royalties in offshore);
Capital gains from the sale of shares   - 0% (other than shares of offshore companies).

 

 

Accountancy

 

Accounting records must be kept at the private address of the company:
Annual audit;
VAT declaration 1 once a month;
Tariffs for accounting services you can find here

 

 

Opening information on beneficiaries of government authorities

 

Not disclosed
Free Enterprise Register of the application form  the company.

 

 

Timeframes

 

New Company registration takes from 1 day.
Shelf companies are available.
For more information, please contact us.