Company Registration
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Austria VASP
Bulgaria VASP
Cyprus VASP
Czech Republic VASP
Estonia VASP
France DASP
Finland VASP
Lithuania VASP
Luxembourg VASP
Malta VASP
Poland VASP
Portugal VASP
Slovakia VASP
Italy CASP
Austria
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Ireland
Latvia
Malta
Poland
Romania
Slovakia
Austria VASP
Bulgaria VASP
Cyprus VASP
Czech Republic VASP
Estonia VASP
France DASP
Finland VASP
Lithuania VASP
Luxembourg VASP
Malta VASP
Poland VASP
Portugal VASP
Slovakia VASP
Italy CASP
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29 Country
Anjouan
Anguilla
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Canada LP
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5+ Continents
Global Coverage
100+ Licenses
Across Jurisdictions
Expert Team
Legal & Compliance
Fast & Reliable
Transparent Process
Need a Custom Solution?Tell us about your project and we'll design a tailored licensing strategy
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Need a Custom Solution?Tell us about your project and we'll design a tailored licensing strategy
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Need a Custom Solution?Tell us about your project and we'll design a tailored licensing strategy
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Need a Custom Solution?Tell us about your project and we'll design a tailored licensing strategy
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Switch Theme
5+ Continents
Global Coverage
100+ Licenses
Across Jurisdictions
Expert Team
Legal & Compliance
Fast & Reliable
Transparent Process
Contact Us
Switch Theme
5+ Continents
Global Coverage
100+ Licenses
Across Jurisdictions
Expert Team
Legal & Compliance
Fast & Reliable
Transparent Process
Contact Us
Switch Theme
5+ Continents
Global Coverage
100+ Licenses
Across Jurisdictions
Expert Team
Legal & Compliance
Fast & Reliable
Transparent Process
Contact Us
Switch Theme
5+ Continents
Global Coverage
100+ Licenses
Across Jurisdictions
Expert Team
Legal & Compliance
Fast & Reliable
Transparent Process
Company Formation in Latvia
Company registration in Latvia, a low tax, business friendly jurisdiction in the European Union.
Book a free consultation
Talk to expertsThousands of clients trusted us with legal services and assistance
Packages for Company Formation in Latvia
Choose a package to start a business in Latvia.
MOST POPULAR
| Compare plans | |||
|---|---|---|---|
| Initial consultation | Included | Included | Included |
| Turnkey Company Formation | Not included | Included | Included |
| Company contact person | Not included | Included | Included |
| Registered legal company address for 1 year | Not included | Included | Included |
| Remote incorporation | Not included | Included | Included |
| Notary Services | Not included | Not included | Included |
| Company Secretary | Not included | Not included | Included |
| Local personnel | Not included | Not included | Included |
| Long-term POA | Not included | Not included | Included |
| Apostilled set of documents | Not included | Not included | Included |
| Additional legal support | Not included | Not included | Included |
| Corporate Account | Not included | Not included | Included |
Arina Jermitsova
Business Development Manager
Business Development Manager, leading the mandate engagement function across crypto, FinTech, gaming, and international corporate structuring verticals.
Phone +372 53 42 2033
STORIES OF OUR CLIENTS AND HOW THEY WENT BEYOND WITH OUR ASSISTANCE
How did it go with LegalBison? See what our clients said
Highly recommended! The team of LegalBison was very helpful and fast in supporting my company’s structural set up. They are undoubtedly top-level experts when it comes to licensing and registrations in the crypto and web3 industry. Highly recommend!
Best for Crypto Licenses. Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
Excels at adapting to challenges. LegalBison excels at adapting to challenges and demonstrates a perfect understanding of our business needs.
Reliable Partner. We are happy to cooperate with LegalBison for more than 2 years and during this time they definitely secured a reputation of very professional and reliable partner. Great knowledge, competence and good attitude. Keep up the good work!
We felt genuinely supported. LegalBison helped us navigate a space that’s often uncertain and complex, which gave us the confidence to move forward with our project.
Very proactive. Very proactive, responsive, and able to provide solutions and advice. The firm is familiar with the new industry of blockchain and cryptocurrency
Getting started with company registration in Latvia
Find out all the necessary information about incorporating your business activity in Latvia. Discover why Latvia is a popular jurisdiction and how it may help your business to reach another level. Additional information on demand, directly with our team of experienced consultants.
Duration
How long does it take to form a company in Latvia
The full process takes about 10 working days or slightly more, depending on holidays and provision of the proper documents by the entrepreneur.
Timeline
Procedure to prepare the registration of a company in Latvia
The registration process of a company in Latvia is very simple. The experts of LegalBison will assist you throughout every step of it:
- Initial consultation and agreement;
- Payment of the full invoice;
- [IF REMOTELY]: Notarization of POA by client;
- Preparation of registration documents;
- Document signed at the notary;
- Official register validity: immediately.
Remote incorporation
Can I form a company in Latvia remotely?
The whole incorporation process can be conducted remotely. No travel is necessary. Notarization of documents is necessary.
- A Power of Attorney (POA) from (all) partners/shareholders is needed;
- The POA is sent to you by us based on the services you want;
- You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization);
- Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address;
- Latvia is part of the Hague Convention of the Apostille.
Required Information
Necessary information to begin with company formation in Latvia
- 3 options of your desired name for the company and a company contact email address;
- Names, addresses, and emails of all shareholders and board members;
- Short description of your company’s activity.
VAT
Without VAT number in Latvia
Your company will not be eligible to receive VAT refunds, which means everything bought is 21% more expensive (important: B2B payments between two VAT-exempt companies are not more expensive).
With VAT number in Latvia
- Any taxpayer can register for VAT with a simple application;
- Your company will be eligible to receive VAT refunds, which means you can make use of the reverse-charge mechanism;
- Monthly tax returns have to be filed, even if no transactions occur;
- Payroll taxes must be paid at the latest on the 10th of the next month;
- VAT must be paid at the latest on the 20th day of the following month it was applicable to.
Before we help you to apply for a VAT number you should carefully think about the advantages and obligations that go along with it.
Documents
Required documents to provide to register a company in Latvia
- Passport copies (scans) of shareholder/s and director/s, also beneficiary owner if applicable;
- A Power of Attorney (in case of a remote company registration);
- Certified company documents (in case at least one of the shareholders is going to be a foreign company).
How long does it take to form a company in Latvia
The full process takes about 10 working days or slightly more, depending on holidays and provision of the proper documents by the entrepreneur.
Procedure to prepare the registration of a company in Latvia
The registration process of a company in Latvia is very simple. The experts of LegalBison will assist you throughout every step of it:
- Initial consultation and agreement;
- Payment of the full invoice;
- [IF REMOTELY]: Notarization of POA by client;
- Preparation of registration documents;
- Document signed at the notary;
- Official register validity: immediately.
Can I form a company in Latvia remotely?
The whole incorporation process can be conducted remotely. No travel is necessary. Notarization of documents is necessary.
- A Power of Attorney (POA) from (all) partners/shareholders is needed;
- The POA is sent to you by us based on the services you want;
- You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization);
- Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address;
- Latvia is part of the Hague Convention of the Apostille.
Necessary information to begin with company formation in Latvia
- 3 options of your desired name for the company and a company contact email address;
- Names, addresses, and emails of all shareholders and board members;
- Short description of your company’s activity.
Without VAT number in Latvia
Your company will not be eligible to receive VAT refunds, which means everything bought is 21% more expensive (important: B2B payments between two VAT-exempt companies are not more expensive).
With VAT number in Latvia
- Any taxpayer can register for VAT with a simple application;
- Your company will be eligible to receive VAT refunds, which means you can make use of the reverse-charge mechanism;
- Monthly tax returns have to be filed, even if no transactions occur;
- Payroll taxes must be paid at the latest on the 10th of the next month;
- VAT must be paid at the latest on the 20th day of the following month it was applicable to.
Before we help you to apply for a VAT number you should carefully think about the advantages and obligations that go along with it.
Required documents to provide to register a company in Latvia
- Passport copies (scans) of shareholder/s and director/s, also beneficiary owner if applicable;
- A Power of Attorney (in case of a remote company registration);
- Certified company documents (in case at least one of the shareholders is going to be a foreign company).
FACTS ABOUT COMPANY IN LATVIA
Things to know before registering your company in Latvia
Taxes in Latvia
Taxation of companies in Latvia
There is a 0% corporate income tax in Latvia. Undistributed profits are not taxed, similarly as in Estonia.
Only the distributed profits (dividends) are taxed at a 20% rate.
Double Tax Treaties
DTAA signed by Latvia for companies
Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion. Albania, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Greece, Hong Kong, Hungary, Iceland, India, Ireland, Israel, Italy, Kazakhstan, Korea (South), Kuwait, Kyrgyzstan, Lithuania, Luxembourg, Malta, Mexico, Moldova, Montenegro, Morocco, Netherlands, Norway, Poland, Portugal, Qatar, Romania, Russia, Serbia, Singapore, Slovakia, Slovenia, Spain, Sweden, Tajikistan, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan, and Vietnam.
Accounting and audit requirements
Accounting and audit requirements for a company in Latvia
Accounting registers shall be maintained in Latvian, in euro currency, using a double-entry accounting system, and have to be kept together with source documents within the territory of Latvia.
- Latvia uses the IFRS accounting standard;
- An annual report including a financial statement has to be filed every year;
- Statutory audit is required for companies whose balance sheet exceeds 400,000 EUR and/or turnover exceeds 800,000 EUR and/or employees number exceeds 25 on average in the year.
Residency requirements for company holders
Economic substance and residency requirements for companies in Latvia
- There are no residential requirements for a simple limited company;
- 100% foreign ownership as well as directorships are allowed.
LegalBison offers help with all of the above requirements. We assist and are local on the ground. Speak now for free with one of our consultants to get your business started.
Taxation of companies in Latvia
There is a 0% corporate income tax in Latvia. Undistributed profits are not taxed, similarly as in Estonia.
Only the distributed profits (dividends) are taxed at a 20% rate.
DTAA signed by Latvia for companies
Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion. Albania, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Greece, Hong Kong, Hungary, Iceland, India, Ireland, Israel, Italy, Kazakhstan, Korea (South), Kuwait, Kyrgyzstan, Lithuania, Luxembourg, Malta, Mexico, Moldova, Montenegro, Morocco, Netherlands, Norway, Poland, Portugal, Qatar, Romania, Russia, Serbia, Singapore, Slovakia, Slovenia, Spain, Sweden, Tajikistan, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan, and Vietnam.
Accounting and audit requirements for a company in Latvia
Accounting registers shall be maintained in Latvian, in euro currency, using a double-entry accounting system, and have to be kept together with source documents within the territory of Latvia.
- Latvia uses the IFRS accounting standard;
- An annual report including a financial statement has to be filed every year;
- Statutory audit is required for companies whose balance sheet exceeds 400,000 EUR and/or turnover exceeds 800,000 EUR and/or employees number exceeds 25 on average in the year.
Economic substance and residency requirements for companies in Latvia
- There are no residential requirements for a simple limited company;
- 100% foreign ownership as well as directorships are allowed.
LegalBison offers help with all of the above requirements. We assist and are local on the ground. Speak now for free with one of our consultants to get your business started.
WHICH JURISDICTION AND LICENSE TO CHOOSE FOR YOUR PROJECT
Alternatives to company formation in Latvia
Our team has curated the following jurisdictions as being worthy alternatives to a Latvian limited company.
EstoniaCompany Formation in Estonia
from 450 €
- Fast incorporation
- 0% tax on undistributed income
- Entirely remote
HungaryCompany Formation in Hungary
5.940 €
- Lowest tax rate in the EU
- Strategic location
- Fast remote incorporation
PolandCompany Formation in Poland
from 1.500 €
- 0% Tax if undistributed
- A fast growing EU state
- Tech savvy workforce
BulgariaCompany Formation in Bulgaria
from 1.850 €
- Ideal EU jurisdiction
- 5-10% tax
- Fast and cheap process
Czech RepublicCompany Formation in Czech Republic
from 3.000 €
- Very low tax
- Foreigner friendly
- Everything remote
LithuaniaCompany Formation in Lithuania
from 1.290 €
- Very business friendly
- Competitive tax rates
- A growing EU economy
No offers are listed for this selection.
About doing business in Latvia
The right path forward, regardless of project stage
Yes, we have a list of companies with a solid history. Just let us know your exact requirements and you will receive an exact quote. We can also provide companies with a blank slate.
The answer to this question depends on what citizenship you have, what your business model is, who your business partners/clients are, and a few other aspects. If you want to know about good alternatives to Latvia let a professional consult you for free.
Digital nomads and freelancers make use of the digital landscape of Latvia very often, as there is literally never going to be a need to travel to Latvia in your life. Everything can be done digitally.
No, nothing except a registered address. However, accounting in Latvia is compulsory. But worry not, Legal Bison offers customized accounting services in every jurisdiction, including Latvia.
Estonia provides a slightly more tech-friendly and innovative bureaucracy, while Latvia is generally simpler in terms of incorporation and maintenance. Entrepreneurs tend to favour Estonia, due to its online management systems that make it easier to operate remotely. Latvia still has its perks. We encourage you to get in touch with our consulting team for more information on which jurisdiction would suit best for your business.
Contact Us
Request more information about incorporation in Latvia.
Our Latvia business consultants are available to answer all your questions and assist you with putting your project to life.
Incorporation Assistance in Latvia - Free Consultation
Your Limited Liability Company in Latvia in just two business weeks! Send a request now and benefit from the assistance of an expert consultant to lead you through the stages of creating your company in Latvia and starting business in the quickest delays.
from 1,950 € - from 10 days
Get In Touch With Our Experts!
Our team of experts will be glad to provide you with answers and a one-stop-shop solution to all your legal corporate needs.
Company Registration
Consulting Team
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Phone +44 20 4577 0974
Arina Jermitsova
Business Development Manager
Business Development Manager, leading the mandate engagement function across crypto, FinTech, gaming, and international corporate structuring verticals.
Phone +372 53 42 2033