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Latvia Company Registration

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Steps to company formation - Latvia
 
 
Upload your documents
Your account manager will ask you for official documents which are required for your company formation.
 
Register your company successfully
Once your documents have been processed your company will be successfully registered.
 
Process any additional services
Your account manager will guide you through the steps of completing your request of additional services such as bank accounts.
 
Manage Your company via our client portal
Our client portal will give you immediate access to all your documents as well as display your company structure.
 
 

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. The standard share capital is EUR 1,000 but can be amended to fit your requirements.
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 a passport can be made by a notary, an attorney-at-law, a bank, a public officer, or in accordance with SFM indications. 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.**






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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.

Our Client Reviews

Our Testimonials Are Verified By Feefo, A Third Party Company

4.7 out of 5 stars customer rating
Overall Rating
96% Customer satisfaction rate, testimonials verified by Feefo.com
24-Feb-2021
Straight forward process, Great support from the account manager, and fast execution.
24-Feb-2021
Myriam at SFM helped me find the most suitable option for me at creating an offshore company. I have received all the original documents and still they are providing a great after sales service.

From my experience, SFM service is recommend.
04-Jan-2021
L'ouverture a été très facile et mon interlocuteur très disponible. J'ai recommandé vos services à mon associé qui va ouvrir une société dans les prochains jours avec vous. Seul bémol le temps entre le paiement et la finalisation de la société est plus de 4/6 semaines que de 2/3 jours comme annoncé, mais ce n'est pas grave car le temps annoncé est ridicule donc il n'est pas étonnant que ce ne soit pas respecté.
30-Dec-2020
Bom mas demorado
04-Nov-2020
100% professional feedback, full transparency, good fees.
30-Sep-2020
I believe in luck, and I was super lucky to have worked with Myriam..! :) A very professional executive who made everything as simple as it sounds :) I highly recommend SFM's services especially if all your employees are as wonderful as Ms. Myriam :) All the best and thanks a million :)
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