Service
Full support for company registration in Latvia
Planning to start a company in Latvia? We provide comprehensive legal, tax, and business support for entrepreneurs – guiding you through every stage of your company’s development.
As part of our service, we offer legal and tax consultations, assist with preparing all required documentation, and provide registered office address solutions within our properties. You can explore our full range of business services here.
Based abroad? All consultations and support are available fully remotely.
Book a free initial consultation – we’ll assess your situation, explain the entire process, and estimate the expected costs.
ACCOUNTANCY LATVIA is a private consulting company. We are not a government authority and do not represent any state institutions of Latvia. We provide private legal, tax, and business consulting services, as well as support clients throughout the company registration process. All official registration procedures are carried out through the relevant government authorities in accordance with applicable regulations.
Key information for those planning to start a company in Latvia
Fast business setup
A limited liability company (SIA) can be registered in as little as one day, with share capital starting from €1 and no state registration fee.
Remote registration & e-signature
The entire process can be completed remotely using an electronic signature – regardless of where the founder is located.
Company Register
The public register provides information on founders, share capital, board members, and annual financial statements.
Share Capital
The minimum share capital is €2,800, which must be deposited in a temporary account before submitting documents to the Register of Enterprises. It is also possible to establish a company with reduced capital (€1–2,799).
Audit
An annual audit is required if 2 out of 3 criteria are met: total assets exceed €500,000, net turnover exceeds €1,000,000, or the company has more than 25 employees.
VAT & EORI Numbers
Assigned after a compliance check by the State Revenue Service (VID).
Reporting
A certified accountant is required, and regular reports must be submitted in Latvian via the electronic declaration system (EDS).
Tax Residency Certificate
Issued upon request without additional checks or conditions.
Support at every stage
Our experts guide you through every step of company formation – helping you navigate legal, tax, and organizational matters while identifying the most effective solutions.
How to open a company in Latvia?
How to open a company in Latvia?
To register a limited liability company (SIA) in Latvia, you need to choose a unique company name, secure a registered office address, pay the required state fees, and submit documents to the Register of Enterprises.
To begin full business operations, it is usually necessary to open a bank account and obtain a VAT number.
As a result, the process involves working with three key institutions:
- Register of Enterprises
- A Bank
- State Revenue Service (VID)
Register of Enterprises
The company registration process is well described on the official Register of Enterprises website.
State Revenue Service (VID)
Within one month after registration, you must activate your company’s electronic account in the VID system.
This platform is used to submit tax and financial reports, request certificates, and manage official communication with the authorities.
In practice, these processes are usually handled by an accountant or a licensed accounting firm.
Bank
Opening a temporary bank account currently takes 1–2 days and requires prior verification of the beneficial owner. Opening a permanent account usually takes 2–8 weeks and involves a thorough review of both the company and its owners.
Licensing
Certain types of business activities require a license, for example:
- construction
- international cargo and passenger transport
- staffing services
- catering and food trade
Obtaining a license may take up to 30 days.
Visas Residence Permits
After registration, a company can employ foreign nationals and arrange visas and residence permits with work rights in Latvia.
Company founders may also apply for residence permits, allowing them to live in Latvia and travel freely within the European Union.
Done!
New company or shelf company – which path to choose?
Starting a business is much like buying a home – you can either build it from the ground up, tailoring every detail to your needs, or move straight into a ready-made solution that lets you start operating immediately.
Registering a New Company
This is like building a house from scratch. You can fully customize the company’s name, business activity, and legal structure. It’s the perfect option if you want complete control over your business development and are ready to invest the time in shaping it.
Purchasing a Shelf Company
This is like moving into a home that’s already built. You gain a company with a registered name, potential VAT number, operating history, and in some cases even the necessary licenses. No waiting, no complex paperwork, no bureaucracy – everything is ready so you can begin operations the very same day.
Whichever option you choose, we provide full legal and financial support to ensure your business is ready to operate as quickly as possible.
Branch or representative office registration in Latvia
If you are a foreign entrepreneur looking to start operations in Latvia, you have two options – registering a branch or establishing a representative office. Both solutions allow you to be legally present in Latvia while keeping your company’s legal status abroad.
Branch. A branch is not a separate legal entity – it operates on behalf of the parent company based on authorization. All branch assets belong to the foreign company, and the parent company remains legally responsible for its activities. Importantly, branch registration does not require share capital.
Representative Office. A representative office is not intended for direct commercial activities. Its main purpose is to represent the foreign company in Latvia, conduct market research, exchange information, and prepare the groundwork for future business development in the region. Like a branch, it is not a separate legal entity and cannot conclude contracts or carry out sales in the company’s name.
Registration Process
Branch registration with the Latvian Register of Enterprises usually takes 1–3 business days. The process can be completed remotely (with e-signature) or in person.
The ACCOUNTANCY LATVIA team will assist you in preparing and submitting all required documents.
ACCOUNTANCY LATVIA is a private consulting company. We are not a government authority and do not represent any state institutions of Latvia. We provide private legal, tax, and business consulting services, as well as support clients throughout the company registration process. All official registration procedures are carried out through the relevant government authorities in accordance with applicable regulations.
Calculate registration costs
Frequently asked questions
It depends on your goals. If you want to start operating immediately, purchasing a ready-made company is a convenient option — it is already registered and may have VAT status in some cases. If you prefer full control from day one, registering a new company tailored to your needs is the better choice.
Low-capital SIA (€1–2,799): can be established with minimal investment, but founders are personally liable for the company’s obligations during the first years.
Standard SIA (from €2,800): requires full share capital payment but provides limited liability, meaning founders are not personally responsible with their private assets.
Yes. Even if your company is not active right away, you must still file at least zero reports with the State Revenue Service (VID). In addition, if your company becomes a VAT payer, regular VAT declarations must be submitted.
A registered office address in Latvia is required for company registration. However, banks and authorities may request additional proof, such as a lease agreement or owner consent.
We offer registered office address services as well as virtual office solutions.
Yes, our service includes legal and tax advisory to help you start your business smoothly.
Our team
Turning the impossible into possible
Behind our achievements stands a professional and motivated team that delivers high-quality results every day while continuously developing new solutions. Meet the people who shape our story and create value for both our clients and our company.
Still have questions?
We’ll be happy to consult you and explain all the details.