Company Incorporation
Company Formation Latvia (SIA)
Applicable country/region: LV - Latvia
- English-speaking advisor
- Latvia local setup support
- Tailored service assessment
Unit PriceEUR 1,700 / Company
Estimated Duration15 working days
On-site presenceNot required
Response within 1 working hour on business days. We confirm applicability and estimated fees first.
Fully remote
Remotely Process Your Company Formation Latvia (SIA) in About 15 Business Days
Latvia company incorporation with TKEG Expat — we form your Latvian SIA (Sabiedrība ar ierobežotu atbildību) private limited liability company: name reservation, articles of association, filing with the Latvian Enterprise Register (Uzņēmumu reģistrs), and State Revenue Service (VID) tax registration. Minimum share capital is 2,800 EUR; a micro-SIA under 2,800 EUR is available for small founders subject to statutory conditions. A Latvian registered address is required and is bundled with this service. TKEG Expat handles documentation, filings, and post-incorporation compliance so non-resident founders can launch in Latvia and the EU single market end-to-end.
What's Included
Everything in this package
The line items below are already covered by the unit price. Anything marked "not included" can be added as a tailored extra.
- Latvia SIA Company Incorporation Service;Included ×1.00
- One Year of Registered Address.Included ×1.00
Good to know
Designed for companies with under $10 million annual turnovers, TKEG Expat ™ (NL) is a retail consulting division of THE KEITH & EVEN GROUP, focusing on providing budgeted solutions for companies seeking overseas market entry, company incorporation, assets allocation, and tax strategy.
Product Requirement
Company Formation Latvia (SIA)'s Requirements
TKEG Expat ™ (NL) aims to provide the most straightforward and professional service to our clients. Please use this "Product Requirement Table" to determine if you meet the basic requirement of this product, and if you need services that are not included in this product.
- A Business Address in Latvia Is RequiredIncorporating a company in Latvia requires a business address in Latvia If you do not have a business address in Latvia, you can choose the Registered Address Service provided by TKEG Expat.Included ×1.00
- Ownership
- Consolidated Ownership
- Limited Liability
- Positive
- Publicly Participates In Capital Market
- Negative
- Requirements For Shareholders
- At least one
- Requirements For Directors
- At least one
- Legal Representative Not Mandatory
- Negative
- Local Directors Not Mandatory
- Positive
- Local Secretaries Not Mandatory
- Positive
- Minimum Registered Capital Requirement
- 1. Starting from 2800 euro.
- Capital Injection Not Required
- Negative
- Capital Injection Requirement
- 50% of the registered capital needs to be deposited at the time of registration
- Memo
- N/A
Document Requirement
We Need These To Help You With Company Formation Latvia (SIA)
TKEG Expat ™ (NL) aims to provide the most accurate and up-to-date information to our clients. Please use this "Document Requirement Table" to determine which documents you will need to submit to fulfill the product requirements. Please note, the requirements of document can change depending on your case.
Legal Entity Shareholders's Required Documents
- Proof of AddressOfficial address proof of the legal person of the holding company and shareholders owning more than 25% of the shares: scanned water, electricity, and utility bills or bank statements. An English translation is required, and the document must clearly indicate the name, address, and date of the legal person, and it must not be older than one month.Process: Not ApplicableFormat: Scan Copy
- Company BylawThe translation of the given text from Chinese to English is: "The English translation of the company's articles of association + English notarization of the holding company;".Process: NotarizationFormat: Scan Copy
- Proof Of Registration / Business LicenseThe business license of the holding company shall be translated into English and notarized in English.Process: NotarizationFormat: Scan Copy
- PassportThe legal representative of the holding company and shareholders holding more than 25% of the shares need to provide passport notarization.Process: NotarizationFormat: Scan Copy
Natural Person Shareholders & Directors's Required Documents
- PassportShareholder and director passport notarization;Process: NotarizationFormat: Scan Copy
- Proof of AddressShareholders and directors' address proof: scanned copies of water, electricity, and gas bills or bank statements. It needs to be translated into English, and the document should clearly indicate the name, address, and date of the shareholder/director, and should not be older than 1 month.Process: Not ApplicableFormat: Scan Copy
- Power of AttorneyRegistering for a general SIA requires an authorization letter (provided by our company) and needs to go through notarization.Process: NotarizationFormat: Scan Copy
Frequently Asked Questions
The Latvian government does not impose any nationality or identity restrictions on foreigners registering Latvian companies and does not require EU residency as a nominee director.The Latvian government does not impose any nationality or status restrictions on foreigners registering Latvian companies, nor does it require EU residency as a nominated director.
At least one shareholder is required to register a Latvian company. This can be a natural person or a company. The Latvian government does not have any requirements or restrictions regarding the nationality or legal belonging of the shareholders of a Latvian company.
Yes, the registered capital must be transferred from a bank account in the name of the shareholders in proportion to their shareholding to the company's provisional capitalization account.
The company's registered capital must be used for the company's day-to-day operating costs, such as paying for goodscosts, to pay accountants, to pay for the services of TKEG Expat.
Any individual holding more than 25% of the company must be declared as a beneficial owner (UBO). This is assessed by tracing the ownership chain through to the ultimate individual — including through a listed parent company. If a new financial report later shows that an individual crosses the 25% threshold, the UBO declaration must be corrected and supplementary supporting materials may be required.
Jurisdiction Overview
About Latvia
Latvia offers a strategic Baltic location with EU and eurozone membership, 20% corporate tax with zero tax on reinvested profits, a multilingual workforce, and strong IT and logistics sectors.
View Complete Information- General CIT Rate
- 20 (only payable when distributing profits).
- CIT Return Due Date
- The tax deadline is one month. If taxpayers are allowed to pre-order proof documents quarterly, the tax period is one quarter. If there is a tax base, the tax return should be submitted on or before the 20th day of each month (quarter).
- CIT Payment Due Date
- If there is a tax base, the tax payable should be paid on or before the 23rd day of the next tax filing period each month.
- CIT Estimated Payment Due Date
- No estimated CIT payment.
- Resident Withholding Tax (Dividend/Interest/Royalty)
- NA
- Non-Resident Withholding Tax (Dividend/Interest/Royalty)
- 0/0/0
- General VAT Rate
- 21
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 17.00%
- Composite Effective Marginal Tax Rate
- 0.00%
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