{"id":114,"date":"2023-04-26T12:50:26","date_gmt":"2023-04-26T12:50:26","guid":{"rendered":"https:\/\/companyformationlatvia.com\/?p=114"},"modified":"2024-01-11T18:02:37","modified_gmt":"2024-01-11T18:02:37","slug":"establish-subsidiary-latvia","status":"publish","type":"post","link":"https:\/\/companyformationlatvia.com\/establish-subsidiary-latvia\/","title":{"rendered":"Establish a Subsidiary in Latvia"},"content":{"rendered":"\n

Foreign investors can open a subsidiary in Latvia<\/strong> under the form of a limited liability company (LLC). \u00a0A subsidiary is an entity that is regulated by a parent company.\u00a0 This structure offers a set of advantages when compared to the other typical forms of business organizations. Our team of\u00a0company formation agents in Latvia<\/strong><\/a>\u00a0can help you establish your presence on the market by opening a subsidiary.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
 Quick Facts<\/th>\n <\/th>\n<\/tr>\n<\/thead>\n
  Applicable legislation (home country\/foreign country)<\/td>\n\n

Foreign country<\/p>\n<\/td>\n<\/tr>\n

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Best used for<\/p>\n<\/td>\n

\n

Limited liability of shareholders<\/p>\n

Taxation system<\/p>\n<\/td>\n<\/tr>\n

\n

Minimum share capital<\/p>\n<\/td>\n

EUR2,800<\/td>\n<\/tr>\n
Time frame for the incorporation (approx.) <\/td>\n\n

4 weeks<\/p>\n<\/td>\n<\/tr>\n

Management (local\/foreign)<\/td>\n\n

Foreign <\/p>\n<\/td>\n<\/tr>\n

Local representative required <\/td>\n\n

No<\/p>\n<\/td>\n<\/tr>\n

Local bank account<\/td>\n\n

Yes<\/p>\n<\/td>\n<\/tr>\n

Independence from the parent company<\/td>\nNo<\/td>\n<\/tr>\n
Liability of the parent company<\/td>\nLimited liability<\/td>\n<\/tr>\n
Corporate tax rate<\/td>\n15%<\/td>\n<\/tr>\n
Possibility of hiring local staff<\/td>\nYes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Table of Contents<\/p>\n<\/span><\/div>\n