Company registration in Latvia

Company registration in Latvia

Want to form a company in Latvia? We’re here to help you with any issue related to company formation, accounting and taxation. There are various types of business entities, each distinguished by its structure concerning liability, equity, and the distribution of profits. As accounting professionals, we’ll assist in formation of limited liability company, joint stock company or a branch of a foreign company. Got questions? Contact us to get a free quote.

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Company types in Latvia

Company types in Latvia

Limited liability company (SIA)

Limited liability company (SIA)

NameMust begin or end with words “Sabiedrība ar ierobežotu atbildību” vai “SIA’’.
Share capitalThe minimum share capital is EUR 2800, payable before incorporation.
MembersAt least one, legal entity allowed.
The application to register a company and the register of members must be certified by a notary or with a secure e-signature.
Member of the BoardAt least one, only a private person, of any nationality.
Signature - must be notarized or with a secure e-signature.
BeneficiaryInformation need to be submitted to the Register, information is opened.
Registration addressRegistration address Required by indicating the cadastral number.
Annual ReportAnnual Report Opportunity to receive the submitted Annual Report in the Register.
NameMust begin or end with words “Akciju sabiedrība” vai “AS”.
Share capitalThe minimum share capital is EUR 35000, 25% paid before the incorporation, the term of payment of the entire share capital is up to 12 months.
ShareholdersShareholders At least one, legal entity allowed. The application to register a company and the register of shareholders must be certified by a notary or with a secure e-signature.
Member of the BoardMember of the Board At least one, only a private person, of any nationality. Signature - must be notarized or with a secure e-signature.
BeneficiaryInformation need to be submitted to the Register, information is opened.
Registration addressRegistration address Required by indicating the cadastral number.
Annual ReportAnnual Report Opportunity to receive the submitted Annual Report in the Register.
Documents to be submittedNotarized copies of registration certificate, the articles of association.
Authorization to open a branch.
Authorization to represent a foreign company in activities related to the branch.
Each document must be accompanied by a notarized translation into Latvian.
BeneficiaryBeneficiary Information need to be submitted to the Register
Registration addressRegistration address Required by indicating the cadastral number

Expenses

ServicesCosts, EURNote
Registration costs
Preparation of documents280-590fill in the Form to specify the costs
Company stamp40.00if necessary
State fee: SIA/AKF75/30registration within 3 days
Notary servicesfrom 70.00actual expenses
Courier services25.00if necessary
Additional costs
Translations into Latvian (1 page)from 14.00if necessary
Notarization for translation (1 page)from 14.00if necessary
Preparation of changes
Preparation of documentsfrom 40.00
Registration costs
Preparation of documents
280-590
fill in the Form to specify the costs
Company stamp
40.00
if necessary
State fee: SIA/AKF
75/30
registration within 3 days
Notary services
from 70.00
actual expenses
Courier services
25.00
if necessary
Additional costs
Translations into Latvian (1 page)
from 14.00
if necessary
Notarization for translation (1 page)
from 14.00
if necessary
Preparation of changes
Preparation of documents
from 40.00

*Fee without VAT, 21%

To determine registration costs, please fill the Form below.

Recieve quote

Please fill in the corresponding service and write your comments.

After receiving the application, we will contact you by sending an individual offer or to clarify the information for creating an offer.

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