This type of entity can be incorporated by having one shareholder and one Director and they can be of any nationality, However if the company is publically listed three directors will be appointed.

Key Features of Latvia Joint Stock Company (AS)

Latvia Joint Stock Company

Corporate Details

General

  • Type of Entity

Joint Stock Company (AS)

  • Registered Office in Latvia

Yes

  • Shelf company availability

No

  • Our time to establish a new company

5 weeks

  • Corporate tax

15%

  • Access to Double Taxation Treaties

Yes

Share capital or equivalent

  • Standard currency

Euro

  • Permitted currencies

Any

  • Minimum paid up

35,000 EUROS

  • 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

Corporate tax for a Latvia Joint Stock Company (AS) is 15%.

Duration for set up of the company

Five weeks.

Distinctive Advantages of Latvia Joint Stock Company (AS)

  • 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.