About Latvia
Latvia offers a strategic Baltic location with EU and eurozone membership, 20% corporate tax with zero tax on reinvested profits, a multilingual workforce, and strong IT and logistics sectors.
Remotely Process Your Latvian SIA Company Incorporation + Registered Address in About 15 Business Days
Latvia company incorporation with TKEG Expat — we form your Latvian SIA (Sabiedrība ar ierobežotu atbildību) private limited liability company: name reservation, articles of association, filing with the Latvian Enterprise Register (Uzņēmumu reģistrs), and State Revenue Service (VID) tax registration. Minimum share capital is 2,800 EUR; a micro-SIA under 2,800 EUR is available for small founders subject to statutory conditions. A Latvian registered address is required and is bundled with this service. TKEG Expat handles documentation, filings, and post-incorporation compliance so non-resident founders can launch in Latvia and the EU single market end-to-end.
Service Included
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Latvia SIA Company Incorporation Service;Number of services already included in this product: 1.00
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One Year of Registered Address.Number of services already included in this product: 1.00
Product Requirement
Latvian SIA Company Incorporation + Registered Address's Requirements
TKEG Expat ™ (South Africa) aims to provide the most straightforward and professional service to our clients. Please use this "Product Requirement Table" to determine if you meet the basic requirement of this product, and if you need services that are not included in this product.
A Business Address in Latvia Is Required
Incorporating a company in Latvia requires a business address in Latvia If you do not have a business address in Latvia, you can choose the Registered Address Service provided by TKEG Expat.
Has Solutions?: Yes
Number of services already included in this product: 1.00
Ownership
Consolidated Ownership
Limited Liability
Positive
Publicly Participates In Capital Market
Negative
Requirements For Shareholders
At least one
Requirements For Directors
At least one
Legal Representative Not Mandatory
Negative
Local Directors Not Mandatory
Positive
Local Secretaries Not Mandatory
Positive
Minimum Registered Capital Requirement
1. Starting from 2800 euro.
Capital Injection Not Required
Negative
Capital Injection Requirement
50% of the registered capital needs to be deposited at the time of registration
Memo
N/A
Document Requirement
We Need These To Help You With Latvian SIA Company Incorporation + Registered Address
TKEG Expat ™ (South Africa) aims to provide the most accurate and up-to-date information to our clients. Please use this "Document Requirement Table" to determine which documents you will need to submit to fulfill the product requirements. Please note, the requirements of document can change depending on your case.
Legal Entity Shareholders's Required Documents
Proof of Address
Official address proof of the legal person of the holding company and shareholders owning more than 25% of the shares: scanned water, electricity, and utility bills or bank statements. An English translation is required, and the document must clearly indicate the name, address, and date of the legal person, and it must not be older than one month.
Document Process: Not Applicable
Document Format: Scan Copy
Company Bylaw
The translation of the given text from Chinese to English is: "The English translation of the company's articles of association + English notarization of the holding company;".
Document Process: Notarization
Document Format: Scan Copy
Proof Of Registration / Business License
The business license of the holding company shall be translated into English and notarized in English.
Document Process: Notarization
Document Format: Scan Copy
Passport
The legal representative of the holding company and shareholders holding more than 25% of the shares need to provide passport notarization.
Document Process: Notarization
Document Format: Scan Copy
Natural Person Shareholders & Directors's Required Documents
Passport
Shareholder and director passport notarization;
Document Process: Notarization
Document Format: Scan Copy
Proof of Address
Shareholders and directors' address proof: scanned copies of water, electricity, and gas bills or bank statements. It needs to be translated into English, and the document should clearly indicate the name, address, and date of the shareholder/director, and should not be older than 1 month.
Document Process: Not Applicable
Document Format: Scan Copy
Power of Attorney
Registering for a general SIA requires an authorization letter (provided by our company) and needs to go through notarization.
Document Process: Notarization
Document Format: Scan Copy
Frequently Asked Questions
The Latvian government does not impose any nationality or identity restrictions on foreigners registering Latvian companies and does not require EU residency as a nominee director.The Latvian government does not impose any nationality or status restrictions on foreigners registering Latvian companies, nor does it require EU residency as a nominated director.
At least one shareholder is required to register a Latvian company. This can be a natural person or a company. The Latvian government does not have any requirements or restrictions regarding the nationality or legal belonging of the shareholders of a Latvian company.
Yes, the registered capital must be transferred from a bank account in the name of the shareholders in proportion to their shareholding to the company's provisional capitalization account.
The company's registered capital must be used for the company's day-to-day operating costs, such as paying for goodscosts, to pay accountants, to pay for the services of TKEG Expat.
Any individual holding more than 25% of the company must be declared as a beneficial owner (UBO). This is assessed by tracing the ownership chain through to the ultimate individual — including through a listed parent company. If a new financial report later shows that an individual crosses the 25% threshold, the UBO declaration must be corrected and supplementary supporting materials may be required.
Regional Hub:
Latvia's three ice-free ports, extensive railway and road networks, and the largest international airport in the Baltic region (Riga International Airport) are connected, making it an important transportation and logistics hub connecting the EU market with Russia and Central Asia.
High-Quality Workforce:
Latvia's workforce is highly educated, multilingual, and culturally advocates diligence and reliability. Labor costs in Latvia are among the lowest of the five countries in the EU.
Competitive Tax System:
Latvia’s tax system consistently ranks among the most competitive in the OECD International Tax Competitiveness Index. To enhance its attractiveness, the Latvian government has abolished taxation on reinvested profits and established special incentives for both foreign and domestic investments.
Special Economic Zones and Free Ports:
Latvia has five Special Economic Zones (SEZ) and Free Ports, providing investors with various tax benefits. These special economic zones include Riga Free Port, Ventspils Free Port, Liepaja Special Economic Zone, Rezekne Special Economic Zone, and Riga Freeport Special Economic Zone.
General CIT Rate
20 (only payable when distributing profits).
CIT Return Due Date
The tax deadline is one month. If taxpayers are allowed to pre-order proof documents quarterly, the tax period is one quarter. If there is a tax base, the tax return should be submitted on or before the 20th day of each month (quarter).
CIT Payment Due Date
If there is a tax base, the tax payable should be paid on or before the 23rd day of the next tax filing period each month.
CIT Estimated Payment Due Date
No estimated CIT payment.
Resident Withholding Tax (Dividend/Interest/Royalty)
NA
None-Resident Withholding Tax (Dividend/Interest/Royalty)
0/0/0
General VAT Rate
21
General Capital Gain Tax Rate
Capital gains are constrained by the normal corporate income tax rate.
Composite Effective Average Tax Rate
17.00%
Composite Effective Marginal Tax Rate
0.00%
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