Latvia: Company Formation & Registration
Average Engagement Cost: €1,200
20% TaxEU/NATO MemberBaltic Hub
Establish your business in Latvia, a dynamic EU and NATO member in the Baltic region with a growing fintech sector and competitive costs.
Advantages
- ✓ 20% corporate tax (0% on undistributed profits for certain entities)
- ✓ Full EU member with single market and Euro currency access
- ✓ Growing fintech and digital services hub (Riga)
- ✓ Competitive operating costs in the EU
- ✓ English widely spoken in business
- ✓ Strategic Baltic location with port access
Important Considerations
- ! Small domestic market of 2 million
- ! Talent pool more limited than larger EU economies
- ! Ongoing Russian geopolitical risk considerations
Key Facts
20%
Corporate Tax
3-5 weeks
Setup Timeline
€2,800
Min. Capital
1 minimum
Directors
Popular Business Entities
SIA (Private Limited Company)
Setup Time3-5 weeks
Min. Capital€2,800
Tax Rate20%
LiabilityLimited
Company Formation Process
1
Name Reservation
Reserve your company name with the relevant authority
1-2 days2
Document Preparation
Prepare incorporation documents and Articles of Association
2-3 days3
Company Registration
Submit incorporation application and obtain Certificate
1-2 weeks4
Bank Account
Open corporate bank account with major banks
2-6 weeks5
Compliance Setup
Set up accounting, tax registration and compliance framework
1-2 weeksConfigure Your Package
Customize your company formation with add-on services and choose your payment method.
6 Steps
Jurisdiction, entity, add-ons, urgency, payment & review
Instant Quote
Get real-time pricing with add-on services
3 Payment Options
Quote, card payment, or bank transfer
Frequently Asked Questions
Related Jurisdictions
Ready to Register Latvia?
Our experts are ready to help you achieve your business goals in Latvia.