Register Your Company in Latvia with Block3 Finance
Starting a business in Latvia is easy with Block3 Finance guiding you every step of the way. Latvia offers a competitive tax environment, an excellent labor force, and the ability to do business seamlessly within the European Union. Let us help you register your company, so you can focus on your core business.
With our professional expertise, we ensure your Latvia company is up and running without any delays.
Our Service Package Includes
Company registration with the Register of Enterprises of Latvia
Registered office address and nominee director services
Corporate bank account opening
Annual accounting and tax services
How Long Does It Take to Register a Company in Latvia?
At Block3 Finance, we complete the registration of your Latvia company in 3 weeks. After gathering the necessary documents, we will reserve your company name and prepare the required incorporation paperwork.
Once your company is registered, we will assist you with opening a corporate bank account. This process typically takes 4 weeks, allowing you to issue invoices and begin operations within 7 weeks of engaging our services.
Can a Foreigner Register a Company in Latvia?
Yes, foreign investors can fully own a company in Latvia. There are no residency requirements for directors and shareholders, and they can be from any nationality. A company in Latvia can be completely foreign-owned, with the only requirement being that it has a registered office address in Latvia.
For LLCs, the minimum paid-up share capital is EUR 2,800, and half of it must be deposited before registration. There is no minimum capital requirement for branch companies or representative offices.
Types of Business Entities in Latvia
Limited Liability Company (LLC): The most common type for foreign investors. Shareholders are only liable up to their investment. The minimum capital for an LLC is EUR 2,800. Directors do not need to be Latvian residents.
Partnership: A partnership requires at least two partners. There are general partnerships (where partners share unlimited liability) and limited partnerships (where some partners are only liable up to their investment).
Branch: Foreign companies can open a branch in Latvia, but they must meet the same corporate tax and reporting requirements as Latvian LLCs.
Representative Office: A non-commercial entity, typically set up for market research or promoting the parent company’s interests in Latvia. It cannot conduct profit-making activities.
Joint Stock Company (JSC): Suitable for larger businesses, especially those seeking public investment. The minimum capital for a JSC is EUR 35,210, and it requires at least three directors.
How to Register a Company in Latvia ?
Choose a Suitable Corporate Entity: We will assess your business and recommend the best structure based on your needs and long-term goals.
Ensure Availability of Company Name: Our team will check the availability of your desired company name with the Register of Enterprises.
Prepare and Submit Documents: You will need to provide KYC documents for directors and shareholders. We’ll handle the document preparation and submission.
Register with the Commercial: Register We will submit all required paperwork and register your company with the Commercial Register.
Corporate Bank Account Opening: After registration, we will assist with opening a corporate bank account in Latvia or with a global bank of your choice.
Tax Registration: We will ensure your company is registered for VAT with the State Revenue Service (SRS).
Ongoing Compliance Post-Registration
File Annual Returns: We’ll help you file your annual return with the Register of Enterprises.
Prepare Annual Accounts: Your financial statements will be prepared and filed according to Latvian GAAP.
Corporate Tax Compliance: We’ll ensure your company complies with corporate tax requirements and file your tax returns on time.
Hold AGMs: We’ll assist with organizing and documenting your Annual General Meeting (AGM).
AML Compliance: We’ll support you in maintaining Anti-Money Laundering (AML) compliance.
Accounting and Tax Obligations in Latvia
Corporate Income Tax: 20% corporate income tax on profits, with an effective rate of 25% after tax adjustments.
VAT: The standard VAT rate is 21%. Some goods and services have reduced rates.
Withholding Tax: 0% withholding tax on dividends, interest, and royalties (except in black-list jurisdictions).
Annual Reporting: Your company must file annual returns and prepare financial statements.
Why Register a Company in Latvia?
Pro-Business Environment: Latvia offers easy access to the European Union market and low taxes.
Affordable Costs: The cost of doing business, including office rental and labor, is highly competitive.
Skilled Workforce: Latvia boasts a highly educated workforce, especially in IT and digital services.
Strong Regulatory Framework: Latvia has a stable legal and business environment, ensuring transparency and low corruption.
How Block3 Finance Can Help You Register Your Company in Latvia
Block3 Finance is here to streamline the Latvia company registration process, providing expert advice on choosing the right structure, preparing necessary documents, and ensuring compliance with local regulations. From start to finish, we offer full support to ensure your business is operational in 7 weeks.
Contact Block3 Finance to Register Your Company in Latvia
Ready to set up your Latvia company? Block3 Finance can help! Contact us today, and our experts will respond within 24 hours.
