Business tasks that can be solved by forming a company in Latvia:
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.
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.
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.
Residents of Latvia private person
Residents of LatviaLegal person
Non-residents of Latvia
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.
The following information is required for company registration in Latvia: