Service
Register or purchase a company in Latvia
Fast company registration – even remotely! Start your business without unnecessary bureaucracy or delays. We prepare all the required documents and provide a legal address, so your company can be ready to operate in as little as one day.
For non-residents – full remote company formation is available!
Apply for a free consultation, and we’ll guide you through the process, calculate the costs, and ensure quick and hassle-free registration
Key information about company registration in Latvia
The fastest way to start a business
A company can be registered in just one day with share capital starting from €1 and a 0% registration fee. We also offer ready-made companies, so you can begin operations immediately.
Remote registration & e-signature
Wherever you are, a company can be opened fully remotely using an electronic signature — which we can help you arrange.
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.
Complete support –
from A to Z!
Our experts don’t just prepare the paperwork — we also help you choose the best solution for your business. All that’s left for you is to sign the documents, and we’ll take care of everything else!
How to open a company in Latvia?
How to open a company in Latvia?
To establish a company in Latvia, you’ll need to:
Choose a unique company name within the Latvian Register (https://www.lursoft.lv/), Secure a legal address (https://postoffice.lv),Pay the required state fees, Submit incorporation documents to the Register of Enterprises. In practice, to begin full operations, most companies also need to open a bank account and obtain a VAT number. That means full company registration in Latvia usually involves working with three institutions:
- Register of Enterprises;
- A Bank;
- State Revenue Service (VID).
Register of Enterprises
The registration procedure with the Register of Enterprises is described in detail earlier on this website.
State Revenue Service (VID)
Within one month after registration, the company must activate its electronic account on the State Revenue Service portal. This e-account is used for submitting all tax and financial reports, ordering certificates, and official communication with VID. In practice, accountants or licensed accounting agencies usually handle this on behalf of companies.
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 business activities in Latvia require a license, such as:
- Construction
- International cargo/passenger transportation
- Employment/temporary staffing servicesa
- Catering and food trade
Obtaining a license can take up to 30 days.
Visas & Residence Permits
After registration, a Latvian company may employ foreign nationals and assist with work visas and residence permits. Company founders themselves may also apply for Latvian residence permits, gaining the right to travel freely within EU countries.
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.
No matter which option you choose, we’ll support you with all legal and financial matters to ensure your business is ready to launch 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 prepare and submit all the necessary documents on your behalf.
Calculate registration costs
Frequently asked questions
It depends on your goals. If you want to start operating immediately, purchasing a shelf company is the fastest option — it’s already registered and in some cases may even have VAT payer status. If you prefer full control from day one, registering a new company and tailoring it to your needs is the best choice.
Low-capital SIA (€1–2,799 share capital): Can be established with minimal investment, but the founders are personally liable for the company’s obligations in the first years.
Standard SIA (from €2,800 share capital): Requires full capital contribution but offers 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.
To register a company, a legal address in Latvia is required. However, in some cases banks and state institutions may request additional proof, such as an office lease agreement or owner’s consent for the address. If you’re unsure, we’ll help prepare all the necessary documents.
Yes. We provide free consultations to ensure your company registration and launch go 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.