Shelf companies in Latvia are an excellent choice for businessmen seeking to begin their business operations without the usual procedure of incorporation. Our Latvian company formation specialists help both local and international investors during the ownership transfer period and afterwards with the management of the company.
| Quick Facts | |
|---|---|
| Legal entities available for shelf company | – Limited liability company (SIA) – Joint-stock company |
Time required for purchasing the company | The purchase takes a few days. Once both parties have come to an agreement on the price, the share transfer can begin. |
Types of features it includes | – bank account; – VAT registration; – accounting services; – assistance in obtaining the necessary certificates; – translation services; – company liquidation/ sale of your company to a new investor. |
| The advantages of a shelf company | – saved time; – company longevity; – no credit; – miscellaneous requirements are already taken care of. |
| Appointing new directors | Yes |
| Capital increase allowed | Yes |
| Certificate of no commercial activities | Yes |
| Modify the objects of activity | Yes |
| Participants in the purchase procedure | An individual or a legal entity |
| The cost of buying a shelf company | Approximately 3,000 euros |
Table of Contents
What are the benefits of a shelf company in Latvia in 2026?
The following list includes the main advantages of buying a shelf company in Latvia:
- Saved time: because the company is already registered with the Latvian Company Registry, the new owner can skip this step and handle the paperwork needed to transfer ownership;
- Company longevity: a company that has been incorporated gains longevity even if it is not used for business purposes. This trait can come as an advantage in terms of future relationships with business partners and institutions;
- No credit: no business activity means no debts or bad credit for the ready-made company. This is an essential advantage for the overall credibility of the corporation;
- Miscellaneous requirements are already taken care of: in most cases, the company is not only registered, but also has a bank account in Latvia and a legally registered address.
Here is an infographic about the main aspects of shelf companies in Latvia:
Which are the types of shelf companies in Latvia?
Most shelf companies in Latvia are formed as limited liability companies – SIA companies. This type of business entity is popular among local and foreign investors because the shareholders are only liable to the extent of capital they have invested in the company. The corporation has legal capacity, and it is a popular option among those who wish to purchase a company because only one individual can find it, and there are no restrictions for non-residents.
Which people are eligible to acquire a shelf company in Latvia?
Shelf companies in Latvia can be acquired by both local and foreign businessmen. Usually, there is no limitation on nationality for shareholders, which makes Latvia a good choice for foreign companies entering the European market.
What are the requirements for purchasing a shelf company in Latvia in 2026?
If you are planning to purchase a shelf company in Latvia, you need to fulfil the following set of requirements:
- You must have a local address for your company, and for company address registration, you must acquire permission from the property owner;
- You cannot choose a name that already exists for your company, so this must be unique;
- You need to hire a local accountant because the company’s accounting documents must be in the Latvian language;
- Some of the business activities requiring a special license include: transport, utilities, insurance, alcohol companies, pharmacies, financial institutions, utilities, gambling, tourism, etc.;
- You are required to publish the company’s registration details in the Latvijas Vestnesis, which is an official publication.
Here is a video presentation on the features of shelf companies in Latvia:
What is the price of a shelf company in Latvia?
The price of a Latvian shelf company will be influenced by different matters, such as:
- Age of the company;
- Whether the company has VAT registration or not;
- Presence of a bank account;
- Corporate history;
- Any additional services.
The starting price of a shelf company in Latvia may be around EUR3,000.
What needs to be verified before buying a shelf company?
When buying an already established company, it is important to make sure that:
- The company is registered;
- There was any previous activity of the company;
- Tax registration exists;
- Licenses/permits exist;
- Corporate history exists.
Proper due diligence will allow you to buy the company safely.
What are the benefits of your services?
Our expert team members provide comprehensive guidance regarding company formation in Latvia. So, it is recommended to get in touch with our team for a swift process of opening a shelf company in Latvia. We will provide you with assistance in every step as described below:
- Our seasoned team members in Latvia will collect the required personal due diligence and corporate information from you for initiating the process;
- To enable your communication with suppliers and customers as a Latvian company holder, our team members will assist you in the process of choosing a company name,
- You can consult with our Latvian team regarding the corporate structure and the required due diligence;
- It is required from the director of the company to sign the legal share transfer, and legal share allotment, whereas you as an owner will sign the legal documents appointing bank signatory, directors and shareholders;
- On hiring our team members to purchase a shelf company in Latvia, you do need to worry about the documentation process. Our efficient team members will submit the translated and notarized transfer documents to the Register of Enterprise for further processing and approval;
- Our team members can help you in the process of requesting the bank for the appointment of a new bank signatory;
- Once the bank approves, you will have total control of the corporate bank account.
Contact us for more information about how we can help you purchase a ready-made business entity in Latvia.