{"id":585,"date":"2018-07-31T20:18:30","date_gmt":"2018-07-31T20:18:30","guid":{"rendered":"https:\/\/ifa-consulting.com\/?page_id=585"},"modified":"2018-07-31T20:18:30","modified_gmt":"2018-07-31T20:18:30","slug":"latvia","status":"publish","type":"page","link":"https:\/\/ifa-consulting.com\/en\/services\/european-companies-formation\/latvia\/","title":{"rendered":"Latvia"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/h4>\n

Company registration in Latvia<\/th>\n

<\/th>\n<\/tr>\n
Name of service<\/th>\nPackage<\/p>\n

Economy<\/th>\n

Package<\/p>\n

Standard<\/th>\n

Package<\/p>\n

Full<\/th>\n

Package<\/p>\n

Plus<\/th>\n

Package<\/p>\n

Exclusive<\/th>\n

<\/th>\n<\/tr>\n
Company registration, including the payment of state fees<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n\u00a0 \u00a0 +<\/td>\n+<\/td>\n<\/tr>\n
Notary Services<\/td>\n–<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/tr>\n
State fees in register<\/td>\n–<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/tr>\n
Legal address for 1 year<\/td>\n–<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/tr>\n
Remote opening, including the transfer of power of attorney<\/td>\n–<\/td>\n–<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/tr>\n
Account in Norvik Bank<\/td>\n–<\/td>\n–<\/td>\n–<\/td>\n+<\/td>\n+<\/td>\n<\/tr>\n
Accounting service for 1 year<\/td>\n–<\/td>\n–<\/td>\n–<\/td>\n–<\/td>\n+<\/td>\n<\/tr>\n
VAT number<\/td>\non request<\/td>\non request<\/td>\non request<\/td>\non request<\/td>\non request<\/td>\n<\/tr>\n
Total cost<\/td>\n650 EUR<\/td>\n1515\u00a0EUR<\/td>\n1965\u00a0EUR<\/td>\n2265\u00a0EUR<\/td>\n2915\u00a0EUR<\/td>\n<\/tr>\n
Annual service fee<\/td>\n–<\/td>\n650 EUR<\/td>\n650\u00a0EUR<\/td>\n650\u00a0EUR<\/td>\n1300\u00a0EUR<\/td>\n<\/tr>\n
<\/td>\n\n
Order<\/div>\n<\/td>\n
\n
Order<\/div>\n<\/td>\n
\n
Order<\/div>\n<\/td>\n
\n
Order<\/div>\n<\/td>\n
\n
Order<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

May1, 2004 Latvia has joined the European Union. Since March 29th 2004 Latvia is NATO member.
\nOn December 21, 2007 Latvia part of the Schengen zone.<\/p>\n

General information<\/h2>\n

Area\u00a0 – 64 589 sq. km
\nPopulation \u00a0 – 2 005 000
\nCapital\u00a0\u00a0\u00a0 – Riga
\nOfficial language\u00a0\u00a0 – Latvian
\nOfficial currency \u00a0 – Euro (EUR)
\nLegal system\u00a0\u00a0\u00a0 – parliamentary republic<\/p>\n

Legal form of company<\/h2>\n

Most common legal form in Latvia is Company with limited liability
\nLimited Liability;
\nJoint Stock Company.<\/p>\n

Key specials<\/h2>\n

Latvia has agreements for the prevention of double taxation with following countries:
\nAustralia, 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.<\/p>\n

Corporate legislation<\/h2>\n

– Latvian Commercial Law<\/p>\n

Share capital<\/h2>\n

Limited Liability Company\u00a0\u00a0 – 2 800\u00a0\u00a0\u00a0 EUR
\nJoint Stock Company\u00a0\u00a0\u00a0 – 35 000\u00a0\u00a0 EUR<\/p>\n

Opening of bank accounts<\/h2>\n

For Latvian Company we offer bank accounts in following countries:
\nLatvia
\nEstonia
\nLithuania
\nSwitzerland
\nCyprus
\nDenmark
\nSt. Vincent and the Grenadines
\nBelize
\nSeychelles
\nTanzania
\nBosnia
\nHong Kong
\nDubai
\nFull list of bank accounts with tariffs you can find\u00a0here<\/a><\/p>\n

The main requirements for directors\u00a0 and shareholders for company (sia)<\/h2>\n

Legal status \u00a0\u00a0 – a legal entity
\nFounders,Shareholders\u00a0\u00a0 – minimum one
\nStatus of \u00a0\u00a0\u00a0 – private or corporate persone
\nResidence\u00a0\u00a0\u00a0 – can be resident from any country
\nThe Government
\nDirectors \u00a0 – minimum one
\nStatus of \u00a0\u00a0\u00a0 – private persone
\nResidence\u00a0 \u00a0\u00a0\u00a0 – can be resident of any country
\nSecretary \u00a0\u00a0 – one (private persone)
\n* Information about shareholders\u00a0\u00a0\u00a0 stored in the registry.<\/p>\n

The main requirements for directors\u00a0 and shareholders for company (as)<\/h2>\n

Legal status \u00a0\u00a0 – a legal entity
\nFounders, Shareholders – minimum three
\nStatus of \u00a0\u00a0 – private or corporate person
\nResidence\u00a0\u00a0 – can be resident\u00a0 from any country
\nThe Government\u00a0\u00a0\u00a0 – Meeting of shareholders’
\nDirectors \u00a0 – minimum one
\nStatus of \u00a0\u00a0\u00a0 – private persone
\nResidence\u00a0 \u00a0\u00a0 – can be resident of any country
\nSecretary \u00a0\u00a0 – one (private persone)
\n* Information about directors and shareholders\u00a0 stored in the registry.<\/p>\n

Taxation<\/h2>\n

Value added tax\u00a0 – 21%\u00a0\u00a0 (transactions in Latvia); 0%\u00a0 – (export transactions with the EU)
\nCorporate tax\u00a0 – 10%
\nThe tax on dividends is: received\u00a0 – 0% (excluding dividends from offshore ); paid\u00a0 – 0% (if the recipient private person – 10% if offshore – 15 %); interest paid\u00a0\u00a0 – 0% (excluding interest in offshore);
\nPaid royalties\u00a0 – 0% (excluding royalties in offshore);
\nCapital gains from the sale of shares\u00a0\u00a0 – 0% (other than shares of offshore companies).<\/p>\n

Accountancy<\/h2>\n

Accounting records must be kept at the private address of the company:
\nAnnual audit;
\nVAT declaration 1 once a month;
\nTariffs for accounting services you can find\u00a0here<\/a><\/p>\n

Opening information on beneficiaries of government authorities<\/h2>\n

Not disclosed
\nFree Enterprise Register of the application form\u00a0 the company.<\/p>\n

Timeframes<\/h2>\n

New Company registration takes from 1 day.
\nShelf companies are available.
\nFor more information, please\u00a0contact us.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 + + + \u00a0 \u00a0 + + Notary Services – + + + + State fees in register – + + + + Legal address for 1 year – +…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":529,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/pages\/585"}],"collection":[{"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/comments?post=585"}],"version-history":[{"count":1,"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/pages\/585\/revisions"}],"predecessor-version":[{"id":586,"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/pages\/585\/revisions\/586"}],"up":[{"embeddable":true,"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/pages\/529"}],"wp:attachment":[{"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/media?parent=585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}