Latvia

Company Registration • SIA & AS • Virtual Office 

Business in Latvia

Gateway to Baltic and Nordic Markets

Latvia offers a business-friendly environment in the heart of the Baltic region with access to Nordic, Baltic, and CIS markets.

Latvian companies benefit from Eurozone membership, multilingual workforce, and competitive tax system.

Key advantages:

  • Eurozone member since 2014
  • Strategic Baltic location
  • Multilingual workforce (Latvian, Russian, English)
  • Competitive corporate tax system
  • Growing IT and logistics sectors
  • Simple and fast company registration

Registration Requirements

What you need to register a company

SIA (LLC)

  • Minimum 1 shareholder (any nationality)
  • At least 1 board member
  • Share capital: €2,800 (can be contributed over time)
  • Registered office in Latvia

AS (Joint Stock)

  • Minimum 1 shareholder
  • Management + Supervisory board
  • Share capital: €35,000 minimum
  • Annual audit required

Documents Required

  • Passport copies of shareholders/directors
  • Proof of address (utility bill)
  • Business activity description (NACE codes)
  • Articles of association

Registration Process

We guide you through every step

1

Consultation

Analysis of your business needs and choosing the right company type.

2

Document Preparation

Drafting articles of association, collecting required documents.

3

Notarization

Notarial certification of documents and signatures.

4

Registration

Filing with Enterprise Register. Ready in 1-3 business days.

Tax System

Key taxes for Latvian companies

Corporate Tax

0% on retained profits. 20% only on distributed profits.

VAT

Standard rate 21%. Reduced rates: 12% and 5%.

Dividend Tax

20% on distribution. EU exemptions apply.

Micro-enterprise Tax

25% turnover tax for small businesses (up to €40,000).

Double Tax Treaties

Latvia has 60+ tax treaties for international planning.

Reporting

Annual financial statements. Simplified for micro-enterprises.

Ready to Register Your Latvian Company?

Get expert assistance from our team