in the registry
In navigating this intricate process, your business can greatly benefit from engaging professional legal and consulting services.
Here are several compelling reasons to consider setting up a business in Latvia:
Favorable Business Climate
Strategic Geographic Location
Highly Educated Workforce
Competitive Corporate Tax Rates
Special Economic Zones
Transparent Legal System
Quick Business Registration
Residence Permit Opportunities
Choosing the Right Company Type
Individual Entrepreneur (IK):
Private Limited Liability Company (SIA)
Public Limited Liability Company (AS)
Single-Partner Limited Partnership (KS)
Partnership with Limited Liability for All Partners (PS)
Prerequisites for Registering a Company in Latvia
Tax System in Latvia
Financial Reporting in Latvia
Reporting Period and Deadlines
Changing the Accounting Year Period
Significance of VAT Accounting
Timely Filing of the VAT Report
The Process of Company Registration in Latvia
With Lawtter Solutions, company registration evolves into a straightforward and secure procedure. Trust us to render the incorporation process as comfortable and efficient as possible for you. Owing to its advantageous business environment, accessible infrastructure, and dependable legal system, Latvia has become a favored business location for both residents and non-residents. Company incorporation in Latvia for non-residents has never been easier. However, successful completion of this process necessitates careful consideration of all legal and financial aspects, as well as professional assistance well-versed in Latvian laws and requirements.
At Lawtter Solutions, we value your time and offer a straightforward list of required documents for company registration in Latvia:
- Identity Document: Provide a copy of your foreign or national passport to verify your identity. Rest assured, we guarantee the confidentiality and security of your personal information.
- Proof of Address: Submit a utility bill (excluding cell phone bills) no older than three months or a bank statement to confirm your address. We uphold your privacy and ensure your personal information remains secure.
Trust in Lawtter Solutions to make your company registration process as seamless and efficient as possible. We promise professional assistance at all stages, prompt processing of documents, and strict adherence to legal requirements.
When you’re forming a company in Latvia, you will be required to provide a range of information that serves to establish the legal identity of your business. Firstly, you will need to provide a proposed company name. This name should be unique and not already in use by another entity in Latvia. In addition to this, a business address in Latvia is required. This will serve as the official address for your company.
You will also need to provide a detailed description of the intended business activities. This helps to identify the nature of your business to the regulatory authorities. Furthermore, you will need to provide details of shareholders and board members. This includes their names, addresses, and copies of passports for identification purposes.
The information on your share capital is another important piece of information you must provide. This should include the number of shares, the nominal value of the shares, and the total amount of the share capital. Lastly, you will need to provide the Articles of Association for your company, which outline the rules under which your company will run.
The timeline to register a company in Latvia can vary depending on several factors, including the completeness and correctness of the provided documentation. However, typically it takes about 5 days for the registration process to be completed.
The cost of registering a company in Latvia can depend on a number of factors, including the type of business entity you’re establishing, whether you’re using legal assistance, and whether you need to obtain special licenses or permits. However, the price is around €2100. It is best to consult with a company like Lawtter Solutions to get the most accurate and up-to-date information.