Latvian Limited Company
Latvian Company Formation Information
Terms
A Latvian Company can be incorporated within ten (10) working days.
Registered office requirements
The Company’s registered office must be in Latvia. It can either be rented or bought at the moment of incorporation. No P.O. boxes are allowed for the registered address. We can offer you a registered office address. To learn more, please visit the "EU virtual address" link.
Structure of the Company
The Company requires a minimum of one director and one shareholder. A Latvian company’s shareholders and directors may be of any nationality and residents of any country. The same person can be both the shareholder and director. Directors and shareholders may be natural persons or corporate entities.
Authorized capital
For a Latvian Limited Liability Company (Sabiedrība ar ierobežotu atbildību or SIA), the minimum authorized capital used is LVL 2,000.00 (~EUR2850.00).
Please note, that there is no maximum authorized share capital.
Taxation
Latvian Limited Liability companies are operating under 23% personal income tax and 21% VAT (Since January 1, 2009).
Company maintenance
A monthly report must be taken to the local tax office every month. An annual balance sheet must be submitted no later than March.
All documentation is in the Latvian (the official state language).
Latvian Company Formation Fees
Standard package
| Latvian Limited Company Incorporation fee: | 500 EUR |
| Shelf Company without VAT license: | 600 EUR |
| Shelf Company with VAT license: | 1500 EUR |
| Monthly maintenance: | starting 100 EUR / month (depends on amount of bookkeeping work) |
Additional services
| Registered office | 50 USD / month (six months deposit required) |
| Bookkeeping services | starting 100 EUR / month (depends on amount of bookkeeping work) |
In the meantime, please do not hesitate to contact us should you have any questions.