The scope of operation of a Latvian Branch Company will be defined by the parent company. In addition the parent company will be accountable for all the Liabilities of its Branch.

A Latvian branch office is liable to the same reporting, tax and audit requirements as a resident company.

Key Features of Latvia Branch Office

Latvia Branch Office

Corporate Details

General

  • Type of Entity

Branch Office

  • Registered Office in Latvia

Yes

  • Shelf company availability

No

  • Access to Double Taxation Treaties

Yes

  • Legal Liability

Unlimited

Share capital or equivalent

  • Standard currency

Euro

  • Permitted currencies

Any

  • Usual authorized

No

  • No par value shares allowed

No

Directors

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

  • Publicly accessible records

Yes

  • Corporate shareholder allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

No

  • Local or qualified

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

Other

  • Requirement to file annual return

Yes

Tax treatment

A Latvian Branch Office corporate tax is 15%.

Duration for set up the Brach Office

Five weeks.

Advantages of Latvian Branch Office

  • Nominee Services are permissible
  • The Latvia has numerous Double Taxation treaties
  • Access to various trade markets in the European Union (EU)
  • A Limited company legitimizes itself for many business activities
  • Business expenses can be claimed against tax

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.