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 in 5 days

You visit Riga in order to sign registration documents and pay in share capital to a temporary bank account. After the company is registered, your will need to visit the bank to activate temporary bank account and obtain code calculator for remote access to internet-bank.

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 document. Therefore, in total the registration process will take 7 business days.

Theoretically, 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: 5 business days

After you sign company incorporation documents and pay in share capital, your presence in Riga will be needed after the company is registered, i.e., on fifth day, in order to activate company bank account. It is possible to do that any time later. Until you visit the bank and activate the account you will not be able to make payments from that account.

Therefore, you can either stay in Riga for five business days, or leave Riga on the first day and come back later and come to Riga once again to activate the bank account.

It is possible also to complete all formalities with the bank on the firtst day and authorise us to activate your company's bank account on your behalf. In this case you will need to spend in Riga only one day.

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 (except for registration number) 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 640

Residents of Latvia
Legal person

EUR 890

Non-residents of Latvia
 

EUR 890

 

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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;

Costs

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

Not included:

Services

  • assistance in activation of bank account after the company registration;

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.
  6. We submit the registation documents to the Latvian Enterprise Register.
  7. The Latvian Enterprise Register takes decision on the company reigstration during 5 working days.
  8. After company incorporation you visit the bank to activate the bank account and get access codes to internet-bank.

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