Would you like to start a branch in Latvia in 2026? You can be helped by one of our Latvian agents in terms of procedures and incorporation. Once you read this article with info about this type of entity, you can get in touch with our specialists for further support.
| Quick Facts | |
|---|---|
| Applicable legislation (home country/foreign country) | Home country’s legislation is applicable for opening a branch in Latvia. |
Best used for | Expanding businesses in other countries. |
Minimum share capital (yes/no) | Yes, 2,800 EUR |
| Time frame for the incorporation (approx.) | 4 weeks |
| Documents to be filed by the parent company | – Memorandum of Association; – Articles of Association, – bank statement confirming that share capital is paid up; – shareholders' register |
| Management (local/foreign) | Foreign for the branch in Latvia |
| Legal representative required (yes/no) | No |
| Local bank required (yes/no) | No, branch offices in Latvia are not required to have local bank accounts. |
| Independence from the parent company | No |
| Liability of the parent company | Limited liability |
| Corporate tax rate | 15% |
| Annual accounts filing requirements | Yes |
| Possibility of hiring local staff (yes/no) | Yes |
| Travel requirements for incorporating branch/subsidiary (yes/no) | No |
| Double tax treaty access (yes/no ) | Yes |
Table of Contents
What are the key features of a branch in Latvia?
- it acts as an extension of the foreign company,
- it is not a separate legal entity,
- it is controlled by the parent company,
- it operates under the same business name as the parent company,
- must carry out the same activities as the foreign firm.
Do I need a local partner to set up a branch in Latvia?
No.
Where can I register a branch in Latvia?
Register of Enterprises of the Republic of Latvia (Uzņēmumu reģistrs).
Can a branch in Latvia be 100% foreign owned?
Yes.
Who is liable for a branch in Latvia?
The foreign company.
What is the minimum share capital needed for opening a branch in Latvia?
Not imposed.
We invite you to discover an infographic about branches in Latvia:
What are the conditions to set up a branch in Latvia in 2026?
- verify and reserve the business name,
- register a business address in Latvia,
- prepare the incorporation documents,
- open a bank account or provide information about an existing one in the country of origin.
- register for taxation in Latvia.
NOTE! You will have to appoint a representative agent to manage the branch in Latvia.
What are the documents needed for a Latvian branch?
- a board decision from the parent company stating the branch opening in Latvia,
- Articles of Association,
- the parent company’s Certificate of Registration (a notarized copy),
- the document attesting to the appointment of a Latvian representative for the branch,
- passports/IDs of the branch owners & representative.
Where do I register a branch for taxation in Latvia?
At the State Revenue Service (SRS) in Latvia.
Are there any extra conditions to set up a branch in Latvia in 2026?
Yes, the branch must have a business license issued in Latvia before starting the operations.
Our company formation agents in Latvia can also represent foreign companies interested in opening branches in this country. For this purpose, we offer multiple services, among which are document preparation, legal address provision (in the form of a virtual office), paperwork filing, and tax and VAT registration.
Here is a video presentation with details about branch registration in Latvia:
What are the reporting requirements for branches in Latvia?
- annual financial reporting by April 30,
- CIT reporting every month,
- monthly VAT reporting,
- declaration of non-business expenses,
- labor & payroll reporting, etc.
What is the taxation of a branch in Latvia in 2026?
- 20% corporate income tax,
- 15% CIT on distributed profits,
- 6% PIT withheld at the time of profit distribution of a branch, etc.
What is the registration fee for a branch in Latvia?
Around EUR 50 for official publication and state registration in Latvia.
NOTE! It should be taken into consideration the notary fees and the ones for company formation services in Latvia.
Are there any post-registration obligations for a branch in Latvia?
- branches are required to disclose the Ultimate Beneficial Owner (UBO) and maintain transparency in this matter,
- company staff must be registered with the State Social Insurance Agency (VSAA) in Latvia.
What are the advantages of a branch in Latvia?
- Fast incorporation,
- Reputation,
- 100% foreign ownership,
- Tax efficiency,
- No local partner needed,
- Low bureaucracy at the time of registration,
- No taxation on reinvested profits.
What is the time frame to register a branch in Latvia?
About 4 weeks.
Would you like to learn more about establishing a branch in Latvia in 2026? We suggest you contact our specialists in company formation in Latvia and explore the services we offer. Our lawyers can also help you open a company in Latvia in 2-4 weeks – the approximate timeframe to open an LLC.