Form a Company in Latvia
Set up a Latvian SIA (limited liability company) as a resident or non-resident. We explain the process and connect you with a Latvia provider for Commercial Register filing, tax registration and ongoing compliance. Remote formation is often possible, subject to acceptance.
EU & Baltic Gateway
A Latvian company trades inside the EU single market and offers a well-connected base for business across the Baltic region and beyond.
Established Legal System
A civil-law framework with clear company-law rules and an efficient, largely electronic Commercial Register (Uzņēmumu reģistrs).
Company Formation Support
Get guidance on the company formation process, required documents and next steps for setting up your business in this jurisdiction.
Distributed-Profit Tax Model
Latvia generally taxes corporate profits mainly when they are distributed, which can support reinvestment. The treatment depends on the activity.
Why Form a Company in Latvia?
Latvia is a well-established base for business in the Baltic region. The points below are general commercial considerations, not guarantees, and your own circumstances should be reviewed with a qualified adviser.
Access to the EU Market
A Latvian entity operates from within the European Union single market and can trade across member states, which many international businesses value.
Distributed-Profit Tax Model
Latvia generally applies corporate income tax mainly on distributed profits rather than on profits as they arise, which can support reinvestment. Conditions apply and should be reviewed.
Efficient Electronic Registry
Latvia is known for efficient, largely electronic company registration and e-government services, which can support quick formations.
Skilled, Multilingual Workforce
A well-educated, multilingual workforce and competitive operating costs support services, technology and trading activities.
Baltic & Nordic Connectivity
Latvia offers strong logistics and connectivity across the Baltic and Nordic regions, with a strategic location for trade.
Treaty Network & EU Directives
Latvia has a broad double-tax treaty network and EU directives that may reduce withholding taxes in cross-border situations. Eligibility should be confirmed case by case.
Formation Packages
Choose the structure that fits your business. Every engagement is quoted individually, so you only pay for what you need.
- SIA formation & name check
- Articles of association
- Commercial Register filing
- Assistance with tax and VAT registration, where applicable.
- Corporate document set
- Registered office address (first year available, subject to final provider quote)
- Bookkeeping & annual accounts support
- Beneficial-owner filing support
- Bank / EMI account introduction
- Ongoing compliance reminders
- Holding company + operating company
- Review of structuring options
- Registered office for both entities
- Accounting for the structure
- Coordination with your adviser
Statutory costs such as notary, registry and government fees are set by third parties and quoted separately. Figures are confirmed in writing before you commit.
Latvia Formation Services
Everything you need to form, register and run a Latvian company, handled with an in-country service provider.
Company Formation
Full SIA registration: name check, articles of association and filing with the Commercial Register (Uzņēmumu reģistrs), with the corporate document set. Formation can often be completed electronically.
Registered Office & Substance
A Latvian company must maintain a registered office in Latvia. We can arrange registered-office services and general guidance on substance, subject to banking and provider requirements and acceptance.
Directors & Shareholders
Foreign individuals and corporate shareholders can own and manage a Latvian company. Board members may need an identification arrangement for certain filings, which can be arranged.
Banking & EMI
Introductions to Latvian banks and EMI/fintech alternatives. Account approval always rests with the institution after its own KYC and due-diligence process.
Accounting & Compliance
Bookkeeping, annual financial statements, corporate tax and VAT returns, and beneficial-owner filing, kept on schedule against Latvian deadlines.
Tax & Treaty Guidance
A general overview of Latvia's distributed-profit corporate tax model, VAT and the treaty network, so the structure fits your plans.
How to Form a Latvian Company
- 1
Tell Us Your Plans
Send your details through the quote form. We explain the options and connect you with a Latvia service provider where appropriate.
- 2
KYC & Documents
The provider verifies identity and collects the usual documents: passport and proof of address for individuals, and incorporation documents for corporate shareholders.
- 3
Registration & Capital
Articles of association are prepared, share capital is arranged, and the company is filed with the Commercial Register, often electronically.
- 4
Tax, Banking & Compliance
Applicable tax and VAT registrations are coordinated, the beneficial-owner filing is made, and assistance may be provided with opening a corporate account.
What You Receive
- ✓ Articles of association
- ✓ Commercial Register filing & registration number
- ✓ Assistance with tax and VAT registration, where applicable.
- ✓ Beneficial-owner filing
- ✓ Corporate document set
Timelines depend on KYC, Commercial Register processing and bank onboarding. Electronic formation can be quick. We confirm expected turnaround with your quote.
Latvian Tax & Annual Compliance: General Overview
A plain-language summary of the main Latvian tax and filing points for a company in 2026. This is general information to help you plan, not tax or legal advice. Your Latvian provider or adviser confirms what applies to your situation.
Corporate Income Tax
Latvia generally applies corporate income tax mainly on distributed profits (including deemed distributions) rather than on profits as they are earned. The standard rate applies to the distribution base, and retained and reinvested profits are generally not taxed until distributed. Conditions apply and should be confirmed.
VAT
The standard Latvian VAT rate is 21%, with reduced rates for certain goods and services. Tax registration is completed and VAT registration is arranged where required or elected.
Withholding & Treaties
Certain payments to non-residents can be subject to withholding tax, though EU directives or a treaty may reduce or eliminate it for qualifying recipients. Eligibility should be confirmed case by case.
Annual Financial Statements
Companies prepare and file annual financial statements as required. Deadlines apply after the financial year-end, and reporting obligations depend on company size.
Beneficial Ownership
Companies must file and keep updated their beneficial-ownership information with the Commercial Register in line with applicable rules.
Payroll & Social Contributions
Where a company employs staff or pays remuneration, Latvian payroll taxes and mandatory state social-insurance contributions generally apply, with periodic filings. This only applies where there is actual employment or remuneration.
Latvia Company Formation FAQ
Common questions about forming a company in Latvia. General information only, not legal or tax advice.
Yes. Shareholders do not need to be Latvian nationals or residents, and non-residents can generally own a SIA, subject to the provider's KYC checks and any sector conditions.
Latvia generally taxes corporate profits mainly when they are distributed (including deemed distributions), rather than as profits arise. Retained and reinvested profits are generally not taxed until distributed. This is general information, not tax advice, and conditions should be confirmed.
A standard SIA generally requires EUR 2,800 of share capital. A reduced-capital SIA is only available when specific legal conditions are met, for example for certain small companies with individual shareholders. Current requirements should be confirmed before you commit.
There is generally no absolute requirement for a Latvian-resident board member, though residence can have practical and tax implications. Board members may need an identification arrangement for certain filings, which can be arranged.
Often, yes. Latvia's largely electronic registration can allow much of the process to be handled remotely, including with a qualified electronic signature or power of attorney. We confirm what is possible in your case.
Mainly corporate income tax on distributed profits, VAT (standard 21%) where registered, and payroll taxes and social contributions where there are employees. This is general information, not tax advice.
A corporate account is normal in practice. Account opening is a separate process with its own checks and institution acceptance, and can take longer for non-residents.
Yes. A corporate shareholder, including a foreign company, can own a Latvian company. Its constitutional documents, registers and beneficial-ownership details will be needed for KYC.
Typically annual financial statements, corporate tax filings (with tax generally arising on distribution), periodic VAT returns where registered, keeping beneficial-ownership information up to date, and payroll filings where applicable.
No. Regulated activities such as financial services, payment services and similar require separate licensing or registration from the relevant Latvian authority. Incorporation alone does not authorise regulated business.
For individuals, generally a passport, proof of address, business-activity and source-of-funds information and tax-residency details. For corporate shareholders, incorporation and constitutional documents, registers, an ownership chart and beneficial-ownership information.
Still Have Questions?
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Start Your Latvia Company Today
Send us your details and we will explain the SIA option and connect you with a Latvia provider for Commercial Register filing and compliance.
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