If you are interested in forming a company in Latvia in 2026, we invite you to explore this page. Our specialists in company formation in Latvia can assist throughout all the procedures.
| Quick Facts | |
|---|---|
| What types of company formation services do you provide in Latvia? | – business incorporation, – tax registration, – bank account opening, – assistance in business license applications, and many more. |
| What is the most popular business structure in Latvia? | The limited liability company (SIA) in Latvia. |
| Costs for forming an LLC in Latvia | Can be discussed with our local agents |
| Minimum share capital for an LLC in Latvia | EUR 2,800 or EUR 1 for micro-enterprises under certain conditions. |
| Minimum number of shareholders for an LLC | At least 1 |
| Steps in forming a company in Latvia | – selecting the company type, – reserving the trade name, – opening a bank account, – registering for taxation, – drafting the company documents, – obtaining the company seal, etc. |
| Required documents for LLC formation in Latvia | – IDs/passports, – proof of a registered business address, – proof of deposited capital & paid fees, etc. |
| Conditions to consider before submitting documents | Apostilled, legalized translation (for foreign documents), and notarization is mandatory. |
| Extra conditions for business formation in Latvia | The registration authorities require the CV of the ultimate beneficial owner (UBO) of the company in Latvia. |
| Company extensions available in Latvia | – branches, – subsidiaries, – liaison offices |
| Are ready-made companies available in Latvia? | Yes, we can provide a list of vintage company suppliers in Latvia. |
| Do you provide virtual office packages in Latvia | Yes, virtual domiciliation is possible in Latvia. |
| Costs for VO in Latvia | Starting from EUR 80/month |
| Time frame for company incorporation in Latvia | about 2-4 weeks for opening an LLC, including the bank account opening. |
| Additional costs for company formation in Latvia | – about EUR 500 for VAT registration, – starting from EUR 80/month for accounting services, etc. |
What types of companies/entities are available in Latvia?
- Limited liability company (SIA),
- Joint stock company (AS),
- Sole proprietorship (IK),
- General and limited partnership (PS and KS),
- Branch,
- Subsidiary,
- Liaison office, etc.
Can foreigners from any country set up a company in Latvia?
Yes, there are no restrictions imposed.
Which is the most popular business structure in Latvia?
The limited liability company (SIA) in Latvia.
What is the time frame to open a company in Latvia?
It takes around 2 weeks to register a company in Latvia.
What are the costs for company formation in Latvia?
- Starting from EUR 2,000 for document preparation, translation, registration, and government fees.
- Around EUR 500 for VAT registration in Latvia.
- Starting from EUR 80/month for accounting services.
- Starting from EUR 80/month for a virtual office in Latvia.
What is the minimum share capital for an LLC in Latvia in 2026?
EUR 2,800. Reduced capital for SIA, of EUR 1, is possible for micro-enterprises in Latvia.
How many shareholders can form an LLC in Latvia?
At least one.
Are there any residency restrictions on company shareholders in Latvia?
No.
What are the documents required for LLC incorporation in Latvia?
- Passport copy of the ultimate beneficial owner (UBO),
- CV of UBO,
- Company name,
- Utility bills,
- Proof of deposited capital,
- Information about the field of activity.
IMPORTANT! In the case of corporate shareholders forming a company in Latvia, besides the ones mentioned above, proof of deposited capital of EUR 2,800 is required, plus the shareholder’s company extract with an apostille.
Are there any extra conditions for opening a company in Latvia?
Yes, all documents must be translated into Latvian or English (bilingual form is accepted) and signed by a notary public.
What are the steps in opening an LLC in Latvia?
- drawing up the deeds of incorporation,
- opening a bank account and depositing the minimum share capital,
- registration at the Commercial Register of Enterprises and at the State Revenue Service,
- registration of the employees for the state social insurance contribution at the State Revenue Service,
- registration for VAT in Latvia.
Are there any additional costs involved in company formation in Latvia?
- Starting from EUR 2,000 to open a corporate bank account.
- Additional EUR 800 for extra founders registered in the company.
Can I open a branch in Latvia?
Yes. You can read the information here.
Can I open a liaison office in Latvia?
Yes, this is also called a representative office. Read more here.
Are shelf companies available in Latvia?
Yes, ready-made companies in Latvia can be purchased with the help of our local experts.
What is the minimum share company for a JSC in Latvia?
EUR 35,000.
Can I get accounting services through your firm in Latvia?
Yes, please check the accounting services we provide in Latvia by clicking here.
Are tax incentives available in Latvia?
Yes, here are some of the most important:
- 0% CIT on reinvested company profits.
- up to 80% CIT reduction in Latvia’s special economic zones.
- low taxation for micro-enterprises with an annual turnover of no more than EUR 40,000.
- reduced withholding tax under certain conditions.
What are the annual company obligations in Latvia?
- annual financial reporting;
- shareholders’ meeting;
- audits;
- company updates registered at the Latvian Trade Register.
We invite you to contact our company formation agents in Latvia for more information on how to open a business in 2026 and the main regulations as per your chosen business sector.