Latvia Branch Office

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
Bearer shares allowed	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.