COMPANY FORMATION LATVIA (Business Opportunities - Home Business)

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Item ID 2635749 in Category: Business Opportunities - Home Business

COMPANY FORMATION LATVIA


Company formation in Latvia is a simple and straightforward process. In fact, Latvia is ranked 19th in the World Bank annual "Doing Business" rating. The most popular types of legal entities in Latvia are Limited Liability Company (SIA) and Joint Stock company (AS). Your business can also be registered as personal society (limited or general partnership) or sole trader. A company in Latvia can be registered by local and foreign natural and legal persons, as well as personal societies.

ADVANTAGES OF DOING BUSINESS IN LATVIA
One of the fastest internet connections in the world;
Convenient transport and rail junctions;
Developed technical and IT sectors;
Highly skilled and multilingual workforce;
Member of EU customs and Eurozone;
No restrictions to foreign entrepreneurs;
0% CIT rate on reinvested profits;
Excellent location for doing business with both – the East and the West;
Extensive resident permit program;
Straightforward company formation procedure;
No foreign currency or trade restrictions;
No attendance needed for company formation if PoA is used;
Highly developed infrastructure;
Stable financial and political environment.

In case the company wants to become a value-added taxpayer, it is possible to apply to be included in the VAT-payer register at the same moment when submitting registration documents to the Register of Enterprises.

Registration application (Form KR4) – to be notarized;
Memorandum of association or decision of incorporation if one founder;
Articles of association;
Bank statement confirming the payment of initial capital;
Asset valuation (if needed);
The register of shareholders – to be notarized;
Consent of all board members to take the position – to be notarized;
A notification of a legal address;
Consent of the property owner in case the property does not belong to one of the founders of the company;
A document confirming the state duty and publication fee payment.

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Target State: All States
Target City : Riga,Latvia
Last Update : 16 May 2025 8:48 PM
Number of Views: 57
Item  Owner  : COMPANY FORMATION LATVIA
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2025-06-15 (0.222 sec)