Company Registration in Latvia
Just Think About Company Name!
Legal Baltic professionals will helps you to register a Latvian company and advises you on the necessary operations. The most popular type of legal entity being set up by foreigners in Latvia is a limited liability company (in Latvian “SIA”).
There is no need to visit Latvia in order to establish a company in Lavia. Everything can be arranged remotely based on a Power of Attorney. We will prepare a special Power of Attorney for you for that purpose. The only thing you are required to do is to obtain a notarial and, if applicable, apostilled certification for that proxy and send it to us by courier.
A newly registered company will have a registered bank account, company seal and all of the documents required to start doing business including a formed authorised capital. We also offer you an opportunity to purchase an Latvian company that is already established (ready-made).
Start your company in Latvia
Different forms of business entities in Latvia
a limited liability company
a joint stock company
a european company
a general partnership
a limited partnership
a branch in Latvia
Private limited company (S.I.A)
A Latvia Limited Company (SIA) is very popular with foreigners because it offers limited liability protection and all the shares may be owned completely by foreigners.
A limited liability company (hereinafter the “SIA”) is a company that has the share capital divided into private limited company shares. A shareholder is not personally liable for the obligations of the company. The minimum share capital is currently 2,800 Euro where only 50% must be paid before registering.
One or more persons can be the founders of a limited liability company, and they can be both natural persons and legal entities. The founder may be a resident or non-resident of the Republic of Latvia.
The company is liable for its obligations to the extent of its entire property. A founder or shareholder is not liable for the limited liability company’s obligations, as well as the limited liability company are not liable for the founder’s or shareholder’s obligations.
How to register a new company in Latvia?
In order to register a new company in Latvia, you do not need to come to our office. The only task for the client is just to use his imagination and create a name for his company.
We will prepare a special Power of Attorney for you for that purpose. The only thing you are required to do is to obtain a notarial and, if applicable, apostilled certification for that proxy and send it to us by courier.
For Your convenience, after registration process will be completed all the necessary company documents, records and stamp will be at your hands within a month at the latest. If you want to shorten the process time – please come to our office and pick up the company’s documents on the same day.
Previously, entrepreneurs had to spend hours at long lines (and money) at the notary and bank, but now you can register a company online with e-signatures and open a bank account – without going anywhere. Even if you are not a resident of Latvia, we will show you how to get and use secure eID e-signatures.
We will provide you full support for your company in Latvia, taking into account all your individual requirements. Company Formation is provided under the contract in compliance with the laws of Latvia.