{"id":12086,"date":"2016-11-03T22:19:36","date_gmt":"2016-11-03T22:19:36","guid":{"rendered":"https:\/\/www.pfser.com\/latviya\/?lang=en"},"modified":"2022-01-21T18:31:51","modified_gmt":"2022-01-21T16:31:51","slug":"company-formation-in-latvia","status":"publish","type":"page","link":"https:\/\/www.pfser.com\/en\/company-formation-in-latvia\/","title":{"rendered":"Company Formation in Latvia"},"content":{"rendered":"

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Overview of Company Formation in Latvia<\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text]In recent years, Latvia and company formation in Latvia have been perceived by many foreign investors as an ideal gateway for entering the European market. And such interest is quite justified: Latvia is a member of the WTO, the European Union, NATO, the country has signed the Schengen agreement. At the same time, Latvia is located on the border of the West and the East, acting as a link in trading between Europe and Russian-speaking countries. Add to this a developed banking sector and the presence of English-speaking specialists in the country and the last doubts will disappear without a trace. As a nice bonus – the possibility of obtaining a residence permit in Europe.<\/p>\n

Every year more and more non-residents open companies in Latvia – this led to the fact that the government decided to change those points of Latvian legislation that are related to the registration of companies in the country. The requirements have been noticeably simplified, in addition, a holding regime has appeared, the possibility of obtaining a residence permit in Latvia for owners of local companies.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_separator color=”#ba8350″ width_in_percentages=”yes” css=”.vc_custom_1617146090407{margin-top: 90px !important;margin-bottom: 80px !important;}”]\n

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Benefits of Registering the Company<\/h2>\n

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Main advantages of company formation in Latvia<\/h3>\n

[\/vc_column_text][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/12″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”5\/6″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Low cost of company formation in Latvia (the cost is at least twice as less against that applied in other European countries);[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/12″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/12″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”5\/6″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Remote registration of the company where personal appearance is not required (servicing based on power of attorney);[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/12″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/12″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”5\/6″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Prestige of belonging to Europe;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/12″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/12″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”5\/6″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Double taxation agreements signed with 45 countries;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/12″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/12″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”5\/6″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Good taxes. Income tax – only on distribution of profits (tax rate 20%). Retained earnings will not be taxed (0%).[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/12″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” el_class=”pfser-row–colored” css=”.vc_custom_1617146908234{padding-top: 50px !important;padding-bottom: 30px !important;background-color: #1b1d1f !important;}”][vc_column][vc_row_inner el_class=”pfser-row–not-mobile-flex-center”][vc_column_inner width=”1\/3″]\n

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Requirements and
\nShare Capital<\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text]The minimum number of the directors is 1 person. The director may be of any nationality and may not be a resident of Latvia.
\nThe minimum number of the shareholders is one person – an individual or a legal entity, including a non-resident.<\/p>\n

The minimum authorized capital of an LLC – 1 EUR.
\nIf the authorized capital is up to 2799 EUR \u2013 founders can only be individuals (no more than 5), including non-residents.
\nIf the authorized capital is from 2800 EUR – the founders can be both individuals and legal entities. Before submitting registration documents to the Register of Enterprises, at least half (50%) of the authorized capital must be paid, in turn, the remaining part must be paid within 1 year.<\/p>\n

Possible options of the company registration form: SIA (limited liability company), SE (European-type company), AS (Joint-Stock Company), EEIG (a concern or holding).[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_separator color=”#ba8350″ width_in_percentages=”yes” css=”.vc_custom_1617146090407{margin-top: 90px !important;margin-bottom: 80px !important;}”]\n

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Formation Process
\nfrom EUR 550<\/h2>\n

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Planning to incorporate a new company? Entrust the document preparation to Private Financial Services \u2013 we have already established more than 1500 different companies in Latvia. We will quickly prepare all required documents for incorporating your company.
\nWill provide you with full support and free consultations during the process of company formation in Latvia.<\/p>\n

There are 3 ways for company formation in Latvia:
\n– Remote company formation with ID card;
\n– Company formation during the visit to Riga, Latvia;
\n– Remote company formation with Power of Attorney;<\/p>\n

Regardless of the chosen option we will prepare all the necessary documents within 1 business day:[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/6″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Decision to found a company;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Articles of Associations of the company;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]A document certifying the contribution of the authorized capital to a bank account;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Confirmation and information about the legal address;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Section of the register of participants;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Application for registration of SIA (LLC);[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Application for VAT number (if necessary) and registration with tax authorities;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Preparation of a set of corporate documents (with translation, certification and apostille if required);[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row el_class=”pfser-row–white” css=”.vc_custom_1605742931112{padding-top: 50px !important;padding-bottom: 60px !important;}”][vc_column]\n

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Company Formation in Latvia and Opening Bank Account in 2022<\/h2>\n

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According to Latvian law, Latvian company may have a bank account in any country. Unfortunately, currently as a rule, banks in Latvia do not open accounts for Latvian companies without a substantial presence in Latvia. We will be happy to assist you in opening an account for a Latvian company in one of many other countries (Switzerland, UK, Liechtenstein, Luxembourg, Austria, Cyprus, Russia, Portugal, UAE and many more).
\nRemote account opening is also possible. You can use our application<\/a> to open a bank account or you can contact one of our specialists in dealing with banks.<\/p>\n

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Company Formation in Latvia \u2013 Private Financial Services is a Licensed Service Provider Since 1997
\nWe Provide the Following Services in Latvia<\/h2>\n

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