Our legal team will help to set up your new limited liability company (SIA) or other business form in Latvia with no visit required. We can also provide new and aged shelf companies. The setup time is 2-5 days.
Our registered office service provides your company with a local address in Riga, Latvia. We collect the company post and forward it to you by e-mail scans or regular postage. Further services on request.
Our team can prepare and submit the VAT application on your behalf. We also have active VAT registered shelf companies available, both new and aged.
Accounting and payroll can be set up from a distance, our team will take care of all necessary documentation. We speak English, Latvian and Russian.
We work with several Latvian banks to ensure the most time efficient opening of a business bank account for your company in Latvia. As an alternative, we can also assist in set up with a fin-tech bank online.
We advise in legal and tax questions, market entry research, obtaining permits and licenses, making amendments in the commercial registry and more.
There are 2 standard approaches to limited liability company (SIA) formation in Latvia: to incorporate a new company (best for private person shareholders) or to purchase a newly established tailor-made shelf company (best for corporate shareholders). We offer remote service with both options.
We take care of all documentation and manage the entire process. There is no need to make a trip to Latvia or to transfer share capital payment. We collect all necessary information from you over e-mail, which in most cases includes preferred company name, passport copy and contact details. Thereafter we take care of the rest!
Your company will be set up in 2-5 business days. You only have to visit a public notary in your home country to have your signature verified and return the documents to our office by post. Alternatively, we can schedule a notary meeting in Riga.
We provide a 1 hour free of charge consultation. Our team will advise about the best setup for your business needs. We also support with virtual office, bank account opening and any other corporate services required. Our target is to provide a 1st class service with economy pricing.
If you require a VAT registration we can take care of the application and establish rights for our local accountant to take care of your tax returns. We can also provide a new or aged shelf company with an already active VAT registration. For bank account opening we have available both remote fin-tech and traditional bank options.
To take the first step please contact our team and let us know your target outcome, we shall then provide free preliminary consultation and help you to choose the best approach for your company registration in Latvia. Contact us for more information »
We also offer tailor-made solutions according to your specific needs. We do not have any hidden fees, we form companies in-house and your project is managed by a dedicated account manager. Please refer to our full price list below, for a final quote we kindly ask you to contact us for a detailed price offer »
Pricing for our combined packages already includes up to 20% discounts compared to separate service purchases.
notes: * all prices quoted for 1 private person shareholder/board member. Please contact us for a detailed quote in case of a corporate shareholder as it involves further bureaucracy. ** Remote package signature verification fees in your home country and postage to our office are not included in the package.
Price list effective as of 01.03.2023. All pricing in euros and subject to final confirmation. Prices shown excluding VAT. Discounts may be applied.
We reserve the right to change our prices at any time without further notice. Please contact us for a detailed price offer.
The corporate income tax (CIT) is 0% in Latvia (from 2018) in case the profits are not distributed and kept in the company (e.g. for investments). Upon profit distribution, the CIT is payable following the 20/80 rule, where the net amount is multiplied by 20%/80% to calculate the CIT.
Your Latvian company will be set up in 2-5 business days (subject to registry processing time) after we have received the signed documentation from you. Main requirements include at least 1 shareholder and 1 director. No restrictions on citizenship or residence. No secretary required.
A local registered company office address in Latvia is required. We provide a virtual office service with postage collection and forwarding to your e-mail. Further options include local telephone and fax numbers. There is no requirement for a physical office.
For our new tailor-made incorporations and shelf companies we have previously registered the share capital in the required amount (capital recorded in cash registry), hence no separate transfers are required for the setup phase.
We work with several Latvian banks to ensure the most time efficient opening of a business bank account for your company in Latvia. As an alternative, we can also assist in set up with a payment service provider online.
Our accounting department provides bookkeeping and tax advisory. Financial statements must be submitted annually, VAT returns and social tax declarations filed monthly. The VAT registration threshold is € 40.000 sales revenue per annum.
Questions regarding company formation in Latvia can be promptly answered by contacting us through the form. You may also reach us by phone or e-mail and schedule a meeting for free consultation.
International clients service:
+44.20.3290.7275
Contact e-mail:
info@companyformationlatvia.eu
Office address:
SCANLEX Legal Services Ltd
Dzirnavu iela 57a, LV-1010, Riga, Latvia
Our legal consultants have helped clients from 56 countries to start business in a new environment, since 2009.
The company formation and communication was quick. I only had to go the notary office and have my signature verified on 2 documents. I also got the bank account and meeting with the accountant on the same day, I can highly recommend this service.
We finally chose your service and we are glad we did. Even though our holding company needed more documentation everything was quick and transparent, we really like your straightforward pricing and no hidden fees.
It was easy to make the company ready, only some documents had to be signed sent by currier. I really like that all can be done without the need for travel and following support services help me run my business easily.
5 star service, all as promised and price was exactly as I was informed, much lower fees than many other service providers. Also the yearly fee is only for office address which is very good.
I set up my company with no travel as promised. I also got support with finding a warehouse and local support staff. Everything was done fast and professionally. I am impressed with your service.
My documents were notarized in Ukraine and I sent by post, all was as promised, only translation of documents took 2 extra days. Recommended!
Good service and price. I bought VAT active company for trading and everything was ready quick. My experience has been very good and I would recommend you to my partners who are considering to set up a company.
I have bought 2 companies and I am happy. Everything ran so smoothly and now I am also getting great legal assistance with taxes and accounting.
My company was set up as timely and the communication was transparent. I also got the online bank account set up, getting an operational company was easier than I had expected. Cheers!