Company Incorporation Latvia

Positioned at the crossroads of northern and eastern Europe, the Baltic state of Latvia is rapidly making the most of its recently-acquired status as a member of the EU. Foreign investment is rising strongly and Latvian authorities have taken steps to streamline the regulations governing Latvian company formation.

The range of possible business entities has been reduced from thirteen to five, bringing the commercial landscape more into line with established EU standards.

Company Formation FAQs

  • What are the main types of company in Latvia?
  • What are the main features of a Private Limited Liability Company (SIA)?
  • What are the main features of a Joint Stock Company (A/S)?
  • What are the main features of a Branch?
  • What are the main features of a Representative Office?
  • How easy is it to recruit staff in Latvia?
  • What is the regulatory environment like for those considering Latvian company formation?
  • Are there financial incentives available for companies incorporating in Latvia?
  • How easy is it to close a Latvian company?
  • And what about the banking facilities for those wishing to set up business in Latvia?

Branch and Subsidiary Information

Open a Branch in Latvia

Latvia is popular for establishing branches as the country is well positioned for company expansion between Northern and Eastern Europe and the Baltic market is developing quickly. Foreign investment is encouraged into the country through financial incentives and foreign investors are generally treated equally with local investors.

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Open a Subsidiary in Latvia

Latvia is well situated for trade in Europe, Russia and the Balkans, making it beneficial for foreign investors looking to set up a subsidiary. The country is multi-lingual and proficient in conducting business between Eastern and Western companies. The establishment of companies in Latvia is moderated by Commercial Law, and with an increase in foreign investment regulations have been considerably expedited.

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