Entity set up in Latvia

Latvia – Company establishment

Global Expansion Plus provides you with legal, corporate, and secretary services in Latvia. Before you start the process of registration, you need to consider the following questions:

Legal forms in Latvia

Getting your legal form right is a key to success. Before starting a business you need carefully select a legal from the will best suit your needs and potentially will save you money and time. So before you consider entity sent up you need to address the following questions:

Please refer to our publication and articles to find more information.

Taxation regime in Latvia

Please refer to our publication and articles to find more information.

Name of the company in Latvia

A company should have a unique name. For the company’s name, only letters of the Latin or local alphabet should be used. The name must contain references to the legal form of a company, to use the word “Latvia” is prohibited.

Registration address in Latvia

Every company is obliged to maintain a local legal address. All official notices and all correspondence as well are sent to the company’s legal address. The official correspondence is deemed to be received by the company’s management. You can rent your office or use a virtual seat service provided by Global Expansion Plus.

Founder and share capital in Latvia

The minimum share capital for Limited Liability Company (Sabiedrība ar Ierobežotu Atbildību, SIA) if founders are legal entities – 2800 EUR. Before registration, at least 50% of the share capital must be paid. If founders are individuals, the minimum authorized capital is 2 EUR, and it is not necessary to pay it.
The establishment of the company in Latvia is possible without visiting the country by means of services of an attorney.
The share capital of the entity is divided into shares; each participant takes responsibility within the amount of his contribution.
The company must have at least one participant, and there is no residency qualification.

Types of activity in Latvia

A company should carefully select types of activity considering their planned activity. Corporate lawyer of Global Expansion Plus can support you with a careful selection because activity type can influence the tax incentives. Some activities require obtaining of license.

Directorship in Latvia

The minimum of one person is needed, and there is no residency qualification, the presence of the director who is a resident is not provided as a mandatory requirement. The legal entity may not be appointed as the director. It is not compulsory to conclude a labor agreement with the director and to pay the salary, but in this case, at least one employee shall have a salary no less 430 EUR.

Client journey

Initial stage

  • Consolation with our corporate lawyer targeting all points listed above;
  • Preparation of notarized and apostilled Power of Attorney (if needed);

Registration Stage

  • Preparation of the article of association;
  • Preparation of the minutes of the meeting of members of the company;
  • Preparation of members’ register
  • Obtaining of notary approval of the documents;
  • Filling out an application for state registration of a legal entity;
  • Registration of the company with state registrar;

Tax Stage

  • Filling and submitting an application for VAT registration;
  • Filling and submitting an application for a micro tax registration (turnover <40000 EUR)
  • Directors employment registration with tax authorities;
  • Sign an accounting outsourcing contract to support your activities and tax compliance.



Final stage

  • Open a bank account;
  • Signing a legal support contract;
  • Make a seal.

Additional services

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