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Company Registration in Latvia
We set up an SIA, an individual merchant (IK) or another business form in Latvia without you having to travel. We prepare the documents, provide a registered address, register for VAT and help with the account.
Latvia is a member of the EU and the Schengen Area, and a company here gives you access to the European market under clear rules. A foreigner can own the company outright, with no need for a local co-founder. Company registration in Latvia with the Register of Enterprises usually takes 2–4 business days once the documents are ready, and everything can be done remotely. There is one mandatory condition: the company must have a registered address in Latvia. The most common choice is the SIA, a limited liability company.
Corporate income tax in Latvia is paid when profit is distributed, for example as dividends, while reinvested profit is not taxed. If the company will work with European clients, we register it for VAT (PVN). A company can also be a basis for residence. Under the new Immigration Law in force since September 15, 2026, this means a board member permit if the company pays at least €25,000 in taxes a year, or a permit for investing in its capital. Citizens of Russia cannot use either route, citizens of Belarus only the first, so we check citizenship first.
Who it is for
- Entrepreneurs who need an EU company to work with European clients
- IT companies and agencies that invoice in euros
- Trading and logistics companies working through Baltic ports
- Founders who need an EU legal entity without relocating
- Those considering a Latvian business as a step toward residence, taking citizenship restrictions into account
Requirements
- A registered address in Latvia
- A foreigner can be the sole owner and a board member
- A choice of form: SIA, individual merchant (IK) or another business form
- Incorporation documents and details of ultimate beneficial owners
- VAT (PVN) registration, if the company will deal with VAT payers in the EU
- Residence through a company is not available to citizens of Russia; citizens of Belarus can use only the board member route
What we do
- Choose the company form for your business
- Prepare the incorporation documents and file them with the Register of Enterprises
- Provide a registered address in Riga
- Register the company for VAT (PVN)
- Help with a bank account and prepare documents for its checks
- Advise on next steps: accountant, licenses, and residence where it is available
Key documents
- Passport of the founder and the board member
- Company name and description of the business
- Details of shareholdings and ultimate beneficial owners
- Proof of residential address
- For the bank: a description of the business, clients and source of funds
How it works
- Consultationcompany form, shareholders and whether VAT registration is needed
- Documentsarticles of association, founder's decisions, beneficial owner details and the address agreement
- Registrationfiling with the Register of Enterprises; usually 2–4 business days
- VAT (PVN)registering the company as a VAT payer, if needed
- Accountchoosing a bank or payment service and preparing the document pack
Timeline
Usually 2–4 business days for registration once the documents are ready; VAT registration and the bank account take extra time.
Timelines are approximate: government agencies, consulates and banks set them.
What to watch out for
- By law, citizens of Russia cannot get residence through a Latvian company, and citizens of Belarus can only as a board member of a company that pays at least €25,000 in taxes a year. Opening a company just for residence without checking first is not a good idea
- Latvian banks check non-residents thoroughly; the bank decides on the account, and a personal visit is sometimes needed
- EU rules cap personal deposits of Russian citizens without EU residence at €100,000 per bank. The cap does not directly apply to a Latvian company's account, but banks check such owners more strictly
- VAT registration may be refused if the company cannot show real activity
- A company without an accountant quickly piles up fines for missed reports
FAQ
How much does it cost?
Our service fee is from $75. Government fees, translations, insurance and other mandatory costs are paid separately; we send the full estimate before you sign.
Can I complete company registration in Latvia remotely?
Yes. We prepare and file the documents without you having to travel, and we provide the registered address. You may need to come later if the bank asks for a personal meeting before opening the account.
Can a foreigner be the sole owner of a Latvian company?
Yes. Latvian law does not require a local co-founder. A foreigner can be the sole shareholder and a board member, which is the usual setup for an SIA, the form most founders choose.
How long does registration take?
Once the documents are ready, registration with the Register of Enterprises usually takes 2–4 business days. VAT registration and opening an account are separate steps and take extra time.
What taxes does a Latvian company pay?
Corporate income tax of 20% is charged when profit is distributed, for example as dividends, and on expenses the law treats as distribution, such as costs unrelated to the business. Money kept in the business is not taxed. On top of that come VAT, payroll taxes and other payments depending on the activity. We go through the details for your setup.
Can I get a Latvian residence permit through a company?
Yes, but under the new Immigration Law in force since September 15, 2026, there are two options. The first is a board member permit if the company pays at least €25,000 in taxes a year and an SIA has at least €2,800 of paid-up capital. The second is a permit for investing at least €50,000 in capital. Citizens of Russia cannot use either route; citizens of Belarus can use only the first. We check this before starting.
Do you guarantee the result?
No. Decisions are made by government agencies, consulates and banks. We are responsible for preparing and checking documents, filing and support, and we tell you about the risks upfront.
Related programs
Let’s discuss your case
We will check whether the program fits your citizenship, income and family, and send an estimate with the full list of costs.
