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How it Works?

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How it works?

How it works?

Upload your personal documents
Company gets registered
Additional services such as Bank account are processed
receive your company documents by courier
 

Banking Options

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Latvia Company
Good to Know
The most common form of a business presence in Latvia is a limited liability company [SIA]. There is no dividend taxes for residents of EU, and for non residents, dividends taxes are of 15% only.
Main Characteristics
Governing corporate legislation
Limited Liability Company
Corporate legislation
The Registrar of Enterprises is the governing authority and companies are regulated under the Commercial Law, Commercial Law of Latvia.
Information published relating to company officers
Upon registration, all company officers name will appear in the business registry, available for public inspection. We can appoint nominee officers to avoid the client's name appearing.
Confidentiality
Latvia offers a high level of anonymity and privacy.
Accounting requirement
Yes
Taxation
Very Low taxation in Europe (15%). VAT Rate is 21%. Auditing is not mandatory
Legislation
Modern offshore legislation.
Standard currency
Euro
Time to form
Latvia has an efficient Registry : 3 days formation time.
Stability
Stable jurisdiction with very good reputation.
Communication
Efficient communication means.
Time zone
Convenient world time zone: GMT+1
Secretary required
No
Paid up capital requirement
No paid up capital requirement unless the shareholder is a corporate entity.
Renewal Date
Anniversary date of the company / Each Year
Basis of legal System
Under Common Law.
Minimum directors/shareholders
A minimum of 1 director/shareholder suffice for incorporation.
Bearer shares
Bearer shares are not permitted.
Documents Required
for the Creation of the Company
A certified copy Certification of the passport can be made by a notary, bank, lawyer or accountant. Kindly consult your dedicated account manager at SFM to obtain precise information. of your passport, a proof of domicile dated less than three months, a letter of reference from your bank (all in original) as well as a signed business plan and curriculum vitae.**







Jurisdiction News


Read SFM’s latest press releases, company news, additional resources & developments and more. For further information on any of the news items seen here, you may directly contact a team member through phone (+971 4 246 9700), email, or submit a request through the contact us form.

Low Taxation in the Heart of Europe – Introducing Latvia

4 March 2016
SFM consistently locates and offers new jurisdictions for company for[..]
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* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.