Latvia – Company Formation Services from 2.200€

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Start a New Business in Latvia

BACK LATVIA

Most businesses in Latvia are carried on by limited liability (SIA) or stock companies (AS) with share capital. A limited liability company is a less onerous form suitable to small and medium size businesses. There are two forms of stock company: private and public. Only a public stock company may offer its shares to the public.

Latvian corporate tax stands at a flat 15% and its simplified tax code makes it very easy to maintain a business presence with minimal to no administration costs. Please note that Latvia has established a free zone as well that enables companies that focus on re-export to/from Russia and Scandinavia to do business without being levied local taxes.

Step 1:

Required information for registering LLC :

  • company name (there can used letters of Latvian or Latin alphabet, must be different from name of already registered company);
  • legal address of LLC (legal address must be located in Republic of Latvia, we offer service of legal address);
  • information about founders of company;
  • information about board of members;
  • information about share capital.

Step 2:
Send your company details to Novasigma or schedule a meeting before incorporation. Remote company registration in Latvia available for all nationalities.

Step 3:
The whole process of Portuguese company incorporation performed by a Latvian firm takes around two working weeks. After the registration, you should hire an accountant.

1.0 REQUIREMENTS AND SPECIFICATIONS IN LATVIA

Entity type and suffix: Limited liability company, (SIA)
Shareholders/Founders: at least 1 person or legal entity, foreign entities accepted
– Documents Copy of I.D. document of a founding partner(s)
Directors/Board members: at least 1 natural person, non-resident directors accepted ( EEA resident)
– Documents Copy of I.D. document of a person to be registered as a director
Share Capital: The minimum share capital requirement is EUR 2.800€
Residency:
Corporate tax: 15% (Tax prepayment registration mandatory if business will be domestic) 
VAT: 21% / 12% 0%
Annual financial report: Yes
Registration address: Yes (in Latvia)
A Company bank account: Start account is required before company registration

2.0 EXPRESS COMPANY FORMATION LATVIA from 2.200€

Novasigma Express Company Formation service offers a possibility to set up company fast in Latvia using only 1 founder and/or director (natural person). You can send company details and founder/director details by filling an order form below. Once we have reviewed your request Novasigma Account Manager will call you within a same business day for additional details and prepare an retainer of EUR 240 including company name availability check and document review. Remaining balance will be paid before processing the company registration. We accept payments with bank transfer, Bitcoins or in cash.

If you are interested to set up a private limited or public company (PLC) with more than 1 founder/director or at least one of founders/shareholders will be a local or a foreign legal entity, your company will require a business licence or you are interested in administration/nominee services, please find details for 3.0 Advanced Company Formation below.

2.1 THE EXPRESS SERVICE INCLUDES:

  • Establishment of company by an individual entity (Max. 1 founder/director, natural person only)
  • Limited liability company (S.L) registration in Latvia Preparing of standard M&MA and Minutes of Meetings
    • Assistance for company founders in Latvia OR
  • Notary and Commercial registry Fee
  • Remote company registration available +400€
  • Company documents available in digital format after registration
  • Registration address service for first year

2.2 ADDITIONAL SERVICES AVAILABLE UPON REQUEST

  • Registration address and post scanning service in Latvia +500€/year
  • Accounting, bookkeeping, VAT and company secretary service for the company from 600€/year + 59€/h
    • Assistance in VAT registration, Tax prepayment registration and insurances in Latvia +250€
  • Opening of a corporate start bank account/business account in Latvia +600€

3.0 ADVANCED COMPANY FORMATION from 3.200€

With Novasigma Advanced Company Formation you can set up company with multiple founders and directors including foreign legal entities. Advanced company formation service includes always possibility to FREE business and tax consultation before incorporation. With Advanced Company Formation we can search/introduce available nominee shareholders and/directors for your company to protect privacy in jurisdictions where such a service is legal. You can send your company details by filling an order form below or just send us a message so we will call you back.

Once we have reviewed your request Novasigma Account Manager will call you within a same business day for additional details and prepare an retainer of EUR 490 including business and tax consultation, company name availability check and document review. Remaining balance will be paid before processing the company registration. We accept payments with bank transfer, Bitcoins or in cash.

3.1 THE ADVANCED SERVICE INCLUDES:

  • Business and tax consultation before incorporation – Face2Face meeting at your nearest Novasigma Office or Video/Phone meeting with Business/Tax Consultant – 2h FREE 
  • Establishment of company by: 1+ founder who can be a local or foreign entity, 1+ director who can be non-resident private person (at least 1 resident director recommended)
  • Limited liability company (LLC) registration in Latvia
    • Remote company registration available +400€
    • Public Limited Company (PLC) formation available – ask quotation
  • Company documents available in digital and printed format after the registration completed
  • Notary and Commercial registry Fee
  • Registration address service for first year
  • Opening of a corporate start bank account/business account in Latvia +850€

3.2 ADDITIONAL SERVICES AVAILABLE UPON REQUEST

  • Extra business consultation/additional declarations/applying business licences before incorporation 125€/h
  • Tax consultation service pack for private persons 850€, Tax Consultation and preparing of international corporate structure 2490€
  • Legal advisory and corporate lawyer services in Latvia 250€/h
  • Company formation by a legal entity or 2+ founders/directors +350€/entity
  • Searching/appointment of a nominee director of your newly established Potugal company 2.400€ + from 600€/mo (proper business plan required before an assignment)
  • Searching/appointment of a technical UBO before company registration 1.200€ + from 300€/mo (proper business plan required before an assignment)
  • Registration address and post scanning service in Latvia +500€/year
  • Accounting, bookkeeping, VAT and company secretary service for the company from 600€/year + 59€/h
    • Assistance in VAT registration, Tax prepayment registration and insurances in Latvia +250€
  • Opening of a corporate start bank account/business account in Latvia +850€

4.0 HOW TO PROCEED?

  1. Fill and send the order form below (EXPRESS FORMATION) or schedule a meeting with Novasigma (ADVANCED FORMATION)
  2. Novasigma will contact you and send you an invoice for a prepayment.
  3. Novasigma will send you a questionnaire about proposed business, shareholders and directors
  4. Send all required documents about shareholders and directors
  5. Schedule time and date for a registration and bank account opening in Latvia OR send a notarized POA with Apostille (in case of remote company registration)
  6. Novasigma will send you an invoice
  7. The company will be registered normally within 3-5 business days
  8. Hire Novasigma as an accountant!

5. ORDER A LATVIA COMPANY FORMATION SERVICE

Payments after the review of request – Bank Transfer, Bitcoin, Cash (EUR, USD, GPB, HKD, BTC)

  • Express Company Formation – Retainer EUR 240
  • Advanced Company formation – Retainer EUR 490

In cases KYC or/and Due Diligence process required Novasigma might require a personal meeting with all its new clients before proceeding any assignment


LATVIA BUSINESS OPPORTUNITIES & NEWS

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Novasigma provides international accounting services, company formation services, legal, business and tax advisory services | Terms of Use & Terms of Business | © 2016 NOVASIGMA Global - Accounting & Law Cooperative ("NOVASIGMA LIMITED"). Member firms of the NOVASIGMA Global - Accounting & Law network of independent firms are affiliated with NOVASIGMA Global - Accounting & Law. NOVASIGMA Global - Accounting & Law provides no client services. No member firm has any authority to obligate or bind NOVASIGMA Global - Accounting & Law or any other member firm vis-à-vis third parties, nor does NOVASIGMA Global - Accounting & Law have any such authority to obligate or bind any member firm. Independent registered advisers, lawyers and accountants are not owned by, affiliated with or supervised by Novasigma or its affiliates. Novasigma provides custody, trading and operational support services for advisers, lawyers and accountants. Not all products and services available through Novasigma and its affiliates are available through advisers, lawyers or accountants. Registration does not imply a certain level of skill or training. Depending on jurisdiction there might be eligibility requirements to work with a dedicated Financial Consultant, Lawyer or Accountant. Wealth management, accounting, audit and legal services refers to products and services available through the operating subsidiaries of the Novasigma Corporation of which there are important differences including, nut not limited to, the type of advice and assistance provided, fees charged, and the rights and obligations of the parties. It is important to understand the differences when determining which product and/or services to select. Novasigma provides a full range of business, financial, banking and tax advisory, accounting and legal services through its operating subsidiaries.

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