Foreign enterprisers wanting to do business in Latvia can choose between several types of companies. The Latvian Commercial Code is very flexible, allowing foreign investors to register the same type of companies as local ones without any additional requirements. Moreover, foreign investors will benefit from special incentives for opening companies in Latvia.
The following types of companies are available for registration in Latvia:
Foreign companies can establish branch offices or representative offices. Foreign entrepreneurs may also register as sole proprietors in Latvia. Our Latvian lawyers can assist you with the registration procedure for any type of company.
The minimum share capital to open a limited liability company in Latvia is 2,800 euros, while the minimum share capital for opening a joint stock company amounts up to 35,000 euros. Both the limited liability company and the joint stock company can be incorporated by one or more shareholders who can be natural persons or legal entities. In the case of Latvian joint stock companies, the share capital must be deposited in cash only.
The steps to open a company in Latvia are:
Certain Latvian companies may also be required to obtain special licenses depending on the object of activity.
The following documents must be prepared and submitted when opening a company in Latvia:
For complete information about company registration or for notary services you can contact our law firm in Latvia.
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