Registration of a company in Latvia

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Assistance in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Assistance in obtaining a VAT number Collecting, preparing and submitting the necessary documents to obtain a VAT number
Total cost
1050 EUR 1550 EUR 2260 EUR
Accounting services
145 EUR 145 EUR 145 EUR
Annual renewal (paid from the second year)
800 EUR 800 EUR 800 EUR

Deal of the month

If you will register a company until July 31,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Latvia is one of the Baltic States that is rapidly growing and offers a number of opportunities for investments. The country has a stable economy and good financial infrastructure. Local entrepreneurs pay comparatively low taxes and can operate a company easily. If you think about this jurisdiction as your target one, this overview may facilitate while making your choice.

Forms of Legal and Business Presence

If you intend to establish your presence in Latvia, it is easy to accomplish that in one of these forms:

  • Limited Liability Company – a vehicle where the liability of founders (shareholders) is limited to the value of the investments made. The statutory capital of this entity should be at least EUR 2,800 and 50 % of which should be paid at the time of establishing.
  • Joint-Stock Company – a more advanced vehicle designated mainly for involving funding and entering the stock markets. The share of this entity can be freely transferred. The minimum statutory capital of this vehicle constitutes EUR 35,000.
  • General Partnership – a formation that is not an entity and can be formed by at least two persons who bear the entire and joint liability for all partnership’s undertakings.
  • Limited Partnership – like the previous one formation, this type of a partnership is not a legal entity and can be formed by (i) at least one partner who bears the unlimited liability for the results of the joint commercial activity and (ii) at least one partner whose liability is restricted to the amount of the contribution made.
  • Branch – this commercial formation of a foreign company performs the same types of activities. Registration is required in this case.
  • Representative Office – this formation does not have a separate legal personality and is not able to conduct business in Latvia. It is designated mainly to explore local commercial opportunities and promote a non-resident entity in Latvia.

Registration Requirements and Steps

In order to register a company in Latvia, these preliminary steps should be passed:

  1. Drafting your business plan with certain commercial objectives to fulfil in this country and/or worldwide.
  2. Collecting data about founders, beneficial, owners and the future management of a prospective vehicle.
  3. Arranging the registered office for the future legal person.
  4. Depositing the amount of the statutory capital.
  5. Drafting the Memorandum and Articles of Association.
  6. Lodging the package of required documents to the Register of Enterprises.
  7. Registration for tax and social security purposes.
  8. Opening a corporate bank account.
  9. Obtaining licenses and permits (optional).

Legal and Regulatory Framework

Latvian legal system has been entirely tightened to the EU approaches that ensure the comparatively fast process of the company formation and operation. The main local state authorities that should be dealt with during the company registration and operation are the Register of Enterprises, the State Revenue Service, the Financial and Capital Market Commission, the Investment and Development Agency of Latvia. If certain licenses are necessary to actually start a business, other local authorities may be involved.

Advantages of the Jurisdiction

Business incorporation in Latvia may be promising in view of these potential advantages to benefit:

  • Well-developed financial sectors, information technology, transportation, tourism, real estate sectors
  • Plenty of incentives, including tax
  • Good protection of intellectual property rights
  • Qualified local employees

Tax System of Latvia

If you want to start a company in Latvia, you may need to be aware of the next tax highlights the jurisdiction has:

  • Corporate income tax (CIT) rate – 20% (paid only if the profit is distributed)
  • Personal income tax rate – 31 %
  • VAT rate – 21 %
  • Withholding tax rates – (1) general for non-residents: (i) dividends –0 %, (ii) interests – 0 %, (ii) royalties – 0 %, (2) for non-residents in tax havens: (i) dividends – 20 %, (ii) interests – 20 %, (ii) royalties – 20 %,
  • Capital gains tax rates – (i) corporate – equals to the standard CIT rate, (ii) individual – 20 %.

How Prifinance Specialists May Assist You

If you intend to create a company in Latvia, Prifinance specialists may guide you through this process and subsequently support your Latvian company during its operation. Reach us for more precise suggestions and discussions on the matter.


Our clients

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10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again