Company registration in Latvia

Latvia is a member state of the European Union. This Baltic country is popular among those who wish to register their business outside the Russian Federation. In addition to the proximity of Latvian territory to Russia, the requirements for opening companies are minimal here, and the registration process is simple and fast.

Facts about Latvia

The company "E-COMMERCE BROKER" provides services for company registration in Of Latvia. We will prepare all the necessary documents for the company registration, and we will also help in the future business support.

The State of Latvia is located in the northern part of Europe. It has borders with Russia, Estonia, Lithuania and the Republic of Belarus. The capital is Riga. They speak Latvian in Latvia.

Since 1922, the constitution has been in effect here, therefore, this state is a parliamentary republic. Latvia is a member of the EU, WTO, and is a member of the Schengen and Euro zone.

State with good developed banking structure serves as a trade corridor between east and west. From point of view doing international business, Latvia is a favorable country with a loyal tax legislation.

Benefits of registering a company in Latvia

Popular legal form business activities in Latvia - SIA (limited liability company).  Tax advantages LLC registration in Latvia are in the following aspects:

  • corporate income tax is 20%. In this case, the tax is paid if the company carried out the distribution of profits or payments;
  • retained earnings tax (upon reinvestment) is 0%;
  • for micro-enterprises with an annual turnover of less than 40 Euros and a salary not exceeding 000 Euros, a fixed tax rate of 720%. Payroll and income taxes are not paid;
  • value added tax - 21% (for certain groups of goods and services, the rate is 12% and 5%). If the turnover is carried out in the territory of the European Union, then the VAT is 0%.

    With Russia, Belarus and Ukraine, as well as 61 other countries, Latvia has agreements that protect against double tax payments.

Registration of a company in Latvia with "E-COMMERCE BROKER"

The company "E-COMMERCE BROKER" provides assistance in business registration in The Republic of Latvia. Our employees will prepare a full package of necessary documentation and carry out the transaction as soon as possible. Register Your company with "E-COMMERCE BROKER" it will take only 5 days from the date of submission of documents. 

We can help open accounts in banks in Latvia, we will select the most profitable and safe financial instruments, taking into account the specifics of your business. The range of services from the E-COMMERCE BROKER Company includes:

    1. Selection of a comfortable, inexpensive office for your company.
    2. Hiring and registration of qualified personnel.
    3. Accounting activities, making report.
    4. Management and control in relation to partner companies.
    5. Management of the company's employees.

Providing software for effective business.
Registration of licenses.

By contacting the E-COMMERCE BROKER Company, you can be sure that company registration in Latvia will be 100% successful. The cost of the package of services depends on the financial indicators of the company and is calculated individually for each client.

Company registration in Latvia

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Register a company in Estonia

Name of serviceService cost
Company registration, notary fees, legal fees and government fees. € 950
Provision of legal address, agent and secretary, annual registration fees€ 800
Nominee directorfrom € 790 per year
Nominee shareholderfrom € 490 per year
Preparation and filing of financial statements (starting from the second year)from € 70
Lead time3-5 business days.

Information required for registering a company in Latvia

Authorized capital

For the registration of a company (SIA) in Latvia, it is necessary to deposit an authorized capital of 2800 Euro. The authorized capital is allowed to be contributed in two installments within 1 year.

It is possible to open a company with a capital of 1 Euro.

The set of company documents includes: 

  1. Decision to establish a company;
  2. Company charter;
  3. Extract from the Register of Enterprises.

Managment structure 

A member of the board and a shareholder can be one single person, both natural and legal, without references to residency. For remote registration of a company, shareholders prepare and certify a special power of attorney for the registration procedure; the director is required to agree to hold the position of a member of the company's board, certified by an apostille.

Public information 

The name of the company, the identification number of the company, the legal address, information about the members of the board, the size of the authorized capital, the financial statements of the company are public data. There is no data on shareholders in the register, but they can be obtained from a notary.

Financial reporting and audit

Latvian companies must prepare and submit an annual financial statement to the tax authority within six months after the end of the tax period. The tax period (financial year), as a rule, coincides with the calendar year, but you can determine it yourself by notifying the tax authority.

The cost of our services for the preparation of financial statements for a "dormant" company is EUR 300. The cost of reporting an active company is calculated individually, depending on the number of transactions performed on the bank account.

An audit is required if the following two conditions are met simultaneously:

  • The number of employees of the company is equal to or exceeds 30 people;
  • The volume of the balance is equal to or exceeds 1 million euros;
  • Income or sales amount is 2 million euros or more;

or one of the conditions below:

  • Number of employees - 90 and more;
  • The volume of the balance sheet is equal to or exceeds 3,5 million euros;
  • Income is 6 million euros or more.

Basic taxes 

The main tax advantage of Latvia is the absence of tax on retained earnings (0%). Thus, only dividends paid to shareholders and shareholders are taxed. Tax on paid dividends - 20%. If the profit is received from dividends of a subsidiary or a foreign representative office of the company, then the dividends paid to shareholders are exempt from taxes.

The standard VAT rate is 21%.

Lead time

Registration of a company in Latvia or re-registration of an existing company takes about 5 days from the moment the client provides all the necessary information and documents.

Company registration in Estonia

Capital - Tallinn.

Population - The population of Estonia is approximately 1,3 million people.

political structure - Parliamentary republic.

Legal system - Estonia is a country of the Romano-Germanic legal system with its own distinctive features. The main legislative act of the country is the Constitution, adopted in 1992. A legal entity in Estonia is registered in accordance with the Commercial Code of 1995.

Infrastructure and economy

The share of the service sector in Estonia's GDP is 69%, industry - 29%, agriculture - 3%

Tongue - Estonian.

Currency - Euro (EUR).

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