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.
Required information for registering LLC :
Send your company details to Novasigma or schedule a meeting before incorporation. Remote company registration in Latvia available for all nationalities.
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.
|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€|
|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|
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:
2.2 ADDITIONAL SERVICES AVAILABLE UPON REQUEST
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:
3.2 ADDITIONAL SERVICES AVAILABLE UPON REQUEST
Payments after the review of request – Bank Transfer, Bitcoin, Cash (EUR, USD, GPB, HKD, BTC)
In cases KYC or/and Due Diligence process required Novasigma might require a personal meeting with all its new clients before proceeding any assignment
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