Latvia
Capital: Riga.
Official languages: Latvian.
Currency: euro.
Company registration provides the following benefits:
- Treaties for the avoidance of double taxation.
- Economic and political stability.
- Low corporate tax.
Latvia is a state in Northern Europe, located on the eastern coast of the Baltic Sea. It borders with Estonia, Russia, Belarus and Lithuania.
Latvia is a country with a favorable taxation system. The state is a member of the EU, has a good reputation and a favorable geographical location. Registering a company in Latvia is an opportunity to conduct business throughout the EU.
Features of taxation and reporting
It is necessary to maintain accounting records, submit monthly and annual reports, and conduct audits.
- Corporate tax – 15%.
- VAT - 21%.
- Dividends – 10%.
- Interest and royalties – 15%.
Company registration
Time frame for company registration: from 7 working days.
The main forms for registering a company are limited liability company (Sabiedrība ar Ierobežoto Atbildību, SIA), Joint Stock Company (Akciju Sabiedrība, AS).
Additional services: Opening a bank account – about 5 working days.
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- Certified copies of passports of shareholders and directors.
- A document confirming the residence address of all participants with notarization.
- In some cases, a certificate of no criminal record from the director may be required.
A quick guide to registering a company in Latvia:
To quickly register SIA in Latvia, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
Registering a business in Latvia has many advantages for foreign investors. At the same time, the registration process is not so simple and requires an understanding of local laws and procedures. We recommend that you seek advice from qualified IT-OFFSHORE consulting specialists who have experience working with this jurisdiction and will be able to register your company in the shortest possible time.
We offer not only legal support for company registration, but also a wide range of services, which includes accounting services, nominee services, and full support of the company after its registration; Thus, we provide full year-round service to your company.
