Company formation in Latvia

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Important: a non-resident's right to own the company does not automatically grant a right to live, work or manage it from that country. Immigration, work permits, substance, effective management and tax residence are assessed separately.

• —Digital services, agencies and SaaS with a Baltic/EU commercial rationale.
• —Trading/operating companies with a clear supply chain and local accounting.
• —Small founder-owned ventures where a low-capital SIA genuinely satisfies the statutory restrictions.

• —Sabiedrība ar ierobežotu atbildību (SIA), a private limited company with capital of €2,800.
• —A low-capital SIA, with capital of €1–€2,799 and restrictions on natural-person founders/shareholders, participant numbers and the board.
• —Akciju sabiedrība (AS), a joint-stock company with €25,000 capital and more complex governance.
• —General and limited partnerships, contractual forms with different partner liability.
• —A branch of a foreign company and an individual merchant for suitable operating models.

• —A legal address in Latvia with a correct cadastral/address record and right of use.
• —A standard SIA requires €2,800 capital; the low-capital route is checked against every founder/shareholder/board restriction.
• —A board member may be non-resident; a person without a Latvian personal code supplies additional identification data to the register.
• —E-filing requires a qualified electronic signature recognised by Latvian systems; otherwise notarised signatures, post or a representative are used.
• —UBO data are filed at incorporation and kept current.

• —A passport or other acceptable ID for every founder, director, signatory and ultimate beneficial owner (UBO).
• —Current proof of residential address and tax residence for every person subject to verification.
• —A transparent ownership chart through to natural persons; a corporate participant also provides an extract, constitutional documents, good standing and an investment resolution.
• —A description of the activity, markets, counterparties, expected turnover, source of funds and source of wealth, supported by evidence.
• —Foundation decision/agreement, articles, shareholder register, board consent, name and legal-address data.
• —Capital-payment evidence and valuation documents for any contribution in kind.
• —Foreign-person questionnaire/data, certified corporate-founder documents and translations where required.

1. 01Review the SIA/low-capital/AS choice, signatures, founders, board, address and activity.
2. 02Prepare foundation documents, capital evidence, UBO and foreign-person data.
3. 03Execute with QES and file electronically or arrange notarised/representative submission to the Enterprise Register.
4. 04Set up tax/VAT, accounting, employment where required and separate bank/EMI KYB.

• —Latvian corporate income tax under the general regime is linked to distributed and deemed-distributed profits; specific events and exemptions are confirmed by an accountant.
• —VAT, payroll/social taxes and withholding depend on turnover, employees, payments and cross-border transactions.
• —Management outside Latvia may create foreign tax residence/PE and CFC consequences for owners.

General overview, not personal tax or legal advice. Rules are rechecked before filing.

• —Official LIAA guidance notes that banks apply enhanced analysis to non-resident business and assess its link to Latvia.
• —Capital confirmation, Enterprise Register approval and account onboarding are separate decisions.

• —The annual report/financial statements are filed through the prescribed state-revenue/registry system.
• —Corporate-income-tax events, VAT/payroll returns and accounting records are maintained according to activity.
• —Changes to the board, address, shareholders and UBOs are registered promptly.

• —A low-capital SIA that ceases to meet its restrictions no longer complies with the selected regime.
• —Lack of Latvian commercial nexus increases the likelihood of enhanced bank due diligence or refusal.
• —Incorporation does not disapply UBO disclosure, AML/KYC or sanctions screening by the registrar, notary, provider, tax authority or financial institution.
• —The place of incorporation does not automatically determine tax residence: effective management, permanent establishment, CFC rules and the owners' personal residence require separate analysis.
• —Registration does not grant a licence, residence or work rights and does not guarantee a bank or EMI account.

• —Coordination of the Enterprise Register, QES/notarised route, address, capital, UBO and local-accounting hand-off.
• —Comparison of entity forms, ownership structure, governance, tax links and substance requirements before filing.
• —Coordination of the address, notary, lawyer or authorised representative, translations, apostille and the corporate pack.
• —Preparation of a verifiable KYB data room and responses to legitimate compliance requests without promising a bypass, approval or timing.
• —Accountant hand-off and creation of an accounts, tax, VAT, payroll, UBO, licence and registry compliance calendar.

The exact Basic scope and all exclusions are listed in the pricing section above. Non-standard structures and external costs are agreed before payment.

Requirements checked on August 9, 2026. Before filing, we recheck rules, forms, fees and restrictions with the registration authority.