Latvia LLC

This is the most common business entity in Latvia. A Latvian LLC must appoint at least one shareholder and one Director who can be of any nationality.

 

Key Features of Latvia Limited Liability Company (SIA)

Latvia Limited Liability Company (SIA)

Corporate Details

General

  • Type of Entity

Limited Liability Company (SIA)

  • Registered Office in Latvia

Yes

  • Shelf company availability

No

  • Access to Double Taxation Treaties

Yes

Share capital or equivalent

  • Standard currency

Euro

  • Permitted currencies

Any

  • Minimum paid-up

€2800

  • 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 Latvian Limited Liability Company (SIA) is 15%.

 

Duration for set up the Company

Four weeks. 

 

Advantages of Latvia Limited Liability Company (SIA)

  • 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.