A liaison office in Latvia, also called a representative office, is a manner in which a foreign company can establish a channel of communication or representation between its main offices located in another country and the business parties and/or clients in Latvia. With the help of our company formation agents in Latvia, you can easily set up such an office. Also, you should note that a liaison office cannot engage in commercial or business activities and cannot derive profit from Latvia but it can represent a convenient first step for those who are looking to open a company in Latvia.
Quick Facts | |
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The purpose of a liaison office in Latvia | – for promoting and advertising the activities of a foreign company in Latvia, – for contracting potential local partners and collaborators |
How is the liaison office also known in Latvia? | Representative office |
How can a representative office be registered in Latvia? | The company’s Articles of Association are solicited as well as other important documents. Information about the company directors and liaison office is needed. |
Can a liaison office in Latvia have commercial activities? (YES/NO) | NO |
Contracting potential clients and partners (YES/NO) | YES |
Local agent required (YES/NO) | YES |
Attributes of a liaison officer | – can promote the activities of the foreign company, – can get in contact with potential local partners or clients, – can develop market reseach. Should develop constant communication with the parent company. |
Bank account for a liaison office in Latvia | Recommended for the expenses of the representative office in Latvia |
Allowed to invoice local customers | Not available |
The institution that authorizes the liaison office in Latvia | Latvian Trade Register |
Authorized resolution | Issued by the parent company when incorporation of a liaison office in Latvia commences |
Travel requirements | Not mandatory, but recommended |
Business advertising through a liaison office in Latvia | The products, services, and activities of a foreign company can be advertised in Latvia through a liaison office. |
Time frame for opening a liaison office in Latvia | A few days or months, depending on the formalities and local procedures |
Why choose our company formation agents in Latvia? | We can offer: – assistance in preparing the documents for opening a liaison office in Latvia, – support and representation with the relevant registration authorities, – and complete services at affordable prices. |
The formalities for setting up a liaison office in Latvia are simpler as this office will not derive income and thus will not have to engage in any reporting requirements. The company’s Articles of Association, as well as other references, and information about the company directors and the appointed company representatives, will be needed upon formation.
Investors can start a liaison office with the help of our agents who specialize in company formation in Latvia. Aided by a power of attorney, investors who are not available to travel to the country to establish this office can entrust one of our agents to handle the setup formalities. Here are other documents to prepare for opening a representative office in Latvia:
Below you can discover an infographic about liaison offices in Latvia:
As it is known, the opening of a representative office in Latvia also requires the appointment of a liaison officer. He or she is the contact person between this office and the foreign company. Among the attributes and characteristics of such an agent, we list:
Therefore, a liaison officer has quite a few attributions in mind, and his/ her appointment can be made by the foreign company that is going to be represented on a foreign territory.
When you want to open a business, you can opt for the services of our accountants in Latvia. You can benefit from personalized services right from the start of your business.
We invite you to watch a video presentation about the features of a liaison office in Latvia:
Opening a representative office in Latvia involves costs related to documents and registration with the relevant authorities. These costs are borne by the foreign company that wants to be promoted in Latvia and are quite small. Also, any expense related to advertising and business promotion in Latvia through a liaison office is borne by the parent company.
If you are interested in company incorporation in Latvia, including the liaison office, we advise you to contact our local agents. Our company can take care of the formalities involved in the process of setting up a company in Latvia.
A representative office in Latvia is not a legal entity and cannot engage in commercial activities or derive any form of income. However, its uses may be of importance, as summarized below:
The representative office is often chosen by those investors who need to perform certain marketing or liaison activities before they decide to set up a company in Latvia.
A liaison office in Latvia is a convenient manner in which foreign corporations can enter the market for the first time, however, without commercial activities. If you intend to start a company in Latvia such as a representative office, you should appoint an officer in charge of testing the market and promoting the foreign business on this territory. Among the benefits of conducting business in Latvia is the relatively low corporate tax rate that the country offers.
Latvia is a safe business destination that offers multiple possibilities to those interested. Foreign entrepreneurs have various business options at their disposal and can choose the optimal structure for their plans, including a liaison office in Latvia. The following data shows the economic direction of Latvia, to give you an idea before setting up a business in this country:
Contact us for complete details about how to open a representative office in Latvia.