General information about company formation in Latvia:

  • Benefits
  • Key regulatory conditions
  • Main legal types of companies
  • Requirements to share capital
  • Key information on taxes

Business tasks that can be solved by forming a company in Latvia:

  • Legally optimise taxes
  • Protect intangible assets
  • Facilitate trade with European and international clients
  • Serve as a holding company
  • Hold real estate and movable assets
  • Obrain residence permit in Latvia
Company Formation Latvia

Company Registration in Latvia
- 1 day in Riga

You visit Riga for one business day in order to sign regisration documents and pay in share capital to a temporary bank account of your company to be registered.

Registration duration: 7 business days

After you provide us all information required and pay for the company registration, it will take us 2 business days to prepare the registration document package and arrange visit to a notary. You will sign documents for the company registration in Latvia and pay in share capital to the temporary bank account. The company will be registered in the Latvian Enterprise Register on the 5th day after submission of the documents. Therefore, in total the registration process will take 7 business days.

It is possible to register a company in Latvia in 4 business days. In this case we will need to get from you all required information and payment for registration promptly, to be able to arrange everything for submission on the next day. Urgent registration will cost more due to higher state duties and our fees.

Your presence in Riga: 1 business day

You will need to visit Riga only for one day. You will sign company incorporation documents at a notary, pay in share capital and visit bank in order to pay in share capital, identify yourself and fill in bank questionnaire. After the company will be registered we will submit to the bank documents necessary for activation of the bank account.

Therefore, you can do all actions required from you in one day and leave Riga the same day.

If you live in a city where a Latvia bank has its branch or representative office, it is possible also to complete all formalities with the bank in your city. In this case you will be able to open a company without visiting Latvia.

You will know the number of the company's bank account on the first day, when you pay in the share capital. From that day you can provide the company's requisites to your business partners and receive money on the account. You will be able to access the money on the account after the company is registered and you activate the account by visiting the bank.

Prices

Residents of Latvia
Private person

EUR 830

Residents of Latvia
Legal person

EUR 1,150

Non-residents of Latvia
 

EUR 1,150

 

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The prices above include VAT 21% where applicable. VAT is not applicable for non-residents legal persons. You will be able to recover the VAT if your company will be registered as VAT payer.

Included:

Services

  • consultation about Company formation process;
  • preparation of registration documents;
  • preparation of application for VAT registration;
  • opening of temperary bank account;
  • submission of the documents to the Latvian Enterprise Register;
  • submission of documents the bank in order to activate bank accunt.

Costs

  • notarial authentication of signatures;
  • state duty;
  • obligatory publication in the Latvian official newspaper “Latvijas Vestnesis”.

Not included:

Costs

  • rent of legal address;
  • bank account opening charges (will be deducted by the bank from the account);
  • accounting services.

Information required for the company registration

The following information is required for company registration in Latvia:

  • company name;
  • data on shareholders (for private persons - passport copy and residence address, for legal persons - company name, country of incorporation, registration number, legal address);
  • share capital amount and split between the shareholders;
  • data on members of the Board and their rights to represent the company (separately or together) - passport copy and residence address;
  • legal address (we can provide legal address with mail processing services, if required);
  • brief description of the company’s business.

Description of the Company registration procedure

  1. You apply for company registration and send us a copy of your passport.
  2. We clarify details and prepare registration documents.
  3. You pay our invoice for assistance in company registration in Latvia.
  4. You arrive to Riga and together with our consultant you approve at a notary your signatures on the reigstration documents.
  5. Together with our consultant, you open a temporary bank account, pay in share capital and get from the bank the statement on payment of share capital. At the same time you fill in the bank's questionnaire that is required for activation of the account after the company's incoropration.
  6. Your further presence in Riga is not required. We will complete the remaining formalities.
  7. We submit the registation documents to the Latvian Enterprise Register.
  8. The Latvian Enterprise Register takes decision on the company reigstration during 5 working days.
  9. We inform the bank on the company registration completion, and the bank activates the company's bank account. Also, the bank sends you instructions and access codes to the internet-bank, unless this was done while opening the temporary bank account.

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