Latvian Company Formation
Schedule a Consultation Establish your Latvian company remotely with expert legal, compliance, and operational support from Complium’s local team.
WHY LATVIA
Why Founders Choose Latvia
Fast, 100% Digital & Tax-Efficient
Latvia offers a practical and cost-efficient EU jurisdiction for international businesses seeking access to European markets with relatively straightforward company administration and operational flexibility. Its strategic location, competitive operating costs, and modern business environment make Latvia particularly attractive for trading companies, holding structures, consultants, and internationally operating businesses.
A Latvian SIA can often be established remotely while benefiting from access to the EU legal and financial framework.
Cost-Efficient Operations
Latvia offers relatively competitive operational and administrative costs within the EU.
EU Company Structure
Operate through an EU-based legal entity with access to European markets and service providers.
0% Tax on Retained Earnings
Corporate income tax generally applies only when profits are distributed.
Remote Setup Available
Many Latvian company structures can be established remotely depending on the ownership structure.
Flexible Business Environment
Suitable for trading companies, holding structures, consultants, and international operations.
Strategic Baltic Location
Latvia provides access to both EU and regional Baltic business markets.
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STEP 1
Initial Review
We review your business model, ownership structure, and operational requirements to determine the most suitable setup for your Latvian company. -
STEP 2
Documentation & Formation
Our team prepares the incorporation documents, coordinates filings with the Latvian authorities, and manages the company registration process. -
STEP 3
Ongoing Support
Once incorporated, we can continue supporting your accounting, VAT registration, compliance, banking onboarding, and ongoing corporate requirements.
OUR SERVICES
End-to-End Formation & Operational Support
Complium manages the full company formation process in Latvia and provides ongoing legal, accounting, and compliance support after incorporation. Services can be selected individually depending on your business model, operational structure, and regulatory requirements.
Company Formation
We manage the full Latvian company incorporation process and filings with the relevant authorities.
Registered Address
Local registered office address and ongoing corporate administration support.
VAT & Tax Registration
Support with Latvian VAT registration and related tax procedures.
Accounting & Compliance
Ongoing accounting, reporting, and corporate compliance support after incorporation.
Banking & Operational Setup
Guidance on banking onboarding and operational setup for day-to-day business activities.
Fintech & Licensing Support
Additional support for regulated businesses operating in fintech and digital assets.
Services can be selected individually depending on your business model and operational requirements.
KEY REQUIREMENTS
Key Requirements for Latvian Company Formation
Latvian company formation is relatively straightforward for international founders, but there are still important legal, operational, and compliance considerations to address before incorporation. Understanding these requirements early helps avoid delays with banking, VAT registration, and ongoing reporting obligations.
Share Capital
A Latvian SIA can generally be established with relatively low share capital requirements depending on the structure.
Registered Address
All Latvian companies must maintain a registered legal address in Latvia.
Management Structure
Latvian companies require appointed management representatives responsible for company operations.
Accounting Obligations
Companies must maintain accounting records and submit annual financial reports in accordance with Latvian regulations.
VAT Registration
VAT registration requirements depend on turnover thresholds and operational activities.
Choose the Right Jurisdiction for Your Business
Compare Latvia to Other Jurisdictions
Different jurisdictions suit different business models, operational structures, and regulatory requirements. Complium supports company formation across multiple European countries and helps clients identify the most practical setup for their business.
| 🇪🇪 Estonia OÜ | 🇱🇻 Latvia SIA | 🇱🇹 Lithuania UAB formation | 🇵🇱 Poland sp. z o.o. | 🇸🇪 Sweden AB | 🇫🇮 Finland Oy | 🇳🇴 Norway AS (non-EU) | |
|---|---|---|---|---|---|---|---|
| Setup time | As fast as 13h | 1–3 days | 1–3 days | ~5 days | 5-10 days | ~5 days | 5-7 days |
| Corporate tax | 0% on retained profits 20% applies to distributions only | 0% on retained profits 20% applies to distributions only | 7% or 17% | 9% or 19% | 20.6% | 20%dropping to 18% for FY2027 | 22% |
| Minimum capital | €0–2,500 deferrable at formation | €1 | €2,500 | 5,000 PLN approx. €1,150 | SEK 25,000approx. €2,700 | €2,500 | NOK 30,000approx. €2,600 |
| Remote setup | ✓ Yes | ✓ Yes | ✓ Yes | ✓ Yes | ✓ Yes | ✓ Yes | PartialEEA board residency required |
| Virtual address | ✓ Included | ✓ Included | ✓ Included | ✓ Included | ✓ Included | ✓ Included | ✓ Included |
| Best suited for | Fintech, SaaS, digital businesses | Holding & trading companies | Service businesses | Larger EU operations | Nordic market access | Nordic market, tech companies | Energy, maritime, Nordic ops |
| Price from | €2,400 | €2,400 | €2,400 | €2,400 | €2,500 | €2,500 | €2,700 |
Tax treatment and company structure suitability depend on the specific business model, operational presence, and jurisdictional requirements.
WHY Complium
Start Your Company With Complium
Complium supports international founders and regulated businesses across Estonia, Lithuania, Latvia, Poland, and the Nordics.
Our team combines legal, regulatory, and operational expertise under one roof, allowing clients to manage company formation, compliance, accounting, and licensing through a single partner.
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Accounting and Payroll Support
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Remote Setup Across Multiple Jurisdictions
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Licensing and Registrations
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AML Compliance
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Local Legal Expertise
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Banking Advisory
Complium has delivered legal and compliance expertise since 2008, with deep insight into regulatory expectations across European jurisdictions.
Contact us
Discuss Your Latvian Company Formation
Tell us about your business plans and our team will recommend the most suitable setup and next steps.
FREQUENTLY ASKED QUESTIONS
Latvian (SIA) Company Formation FAQs
Find answers to essential questions about setting up a business in Latvia.
Yes. Latvian companies can generally be established remotely by foreign individuals and legal entities.
Yes. Many Latvian companies can be incorporated remotely without visiting Latvia.
An SIA is a Latvian private limited liability company and the most commonly used company structure in Latvia.
In most cases, no local director or shareholder is required. Specific requirements depend on the jurisdiction and business activity. We advise on any substance or management requirements during the planning stage.
Yes. Latvia is commonly used for holding structures, international trading businesses, consultants, and companies operating across multiple EU markets.
Latvian company formation is typically completed within 1–3 business days depending on the ownership structure and documentation.
Share capital requirements depend on the company structure, although simplified low-capital structures may be available in certain cases.
Pricing depends on the jurisdiction and company structure. Formation fees start from €2400, with optional services priced separately. A detailed scope and quote are provided before work begins.
Yes. We support Latvian and EU VAT registration procedures, including communication with the relevant tax authorities.
Yes. Complium provides ongoing accounting, payroll, compliance, legal, and corporate support services after formation.
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