Lawyers in Latvia

Latvian law permits developing business on its territory on the same grounds, and following the same rules for Latvian merchants as well as for foreigners. The basics of the types of business entities, adopted by the Saeima (The Latvian Government) and written in The Commercial Law, are enlisted bel ...

In order to be a legal entity and to undertake business activities all companies must be registered with the Latvian Registry of Companies and also as taxpayers with the State Revenue. Preliminary activities before registering a Latvian Limited liability (LLC) and Latvian joint stock companies (JS ...

The state of Latvia encourages foreign investment, offering incentives for foreign investors as well as a great business environment. Entrepreneurs who wish to engage in commercial activities may incorporate a company or set up a branch of the foreign company on the territory of Latvia. A Latvian br ...

A well-known way to invest in Latvia is to start a business by setting up a new company. Even though many entrepreneurs choose to incorporate brand new companies, ensuring all their company's needs are met, the easiest and quickest way to start business is to acquire a shelf company. An "off-th ...

1. What is the corporate tax in Latvia? The general corporate income tax rate for companies in Latvia is 15%. If you set up a micro company, you will benefit from a lower corporate tax rate of 9%. 2. What is the VAT in Latvia? The standard VAT rate in Latvia is 22%, with a reduced rate of 12% f ...

BridgeWest handles company liquidation in Latvia. For more information, please contact us.  A Latvian company is considered liquidated only after it was deleted from the Latvian Register of Enterprises. The liquidation is approved during the general meeting or the decision belongs to the s ...

Are there any special requirements for creating a Latvian Representative Office? The representative offices open in Latvia have promotional character and are not allowed to perform any commercial activities. The foreign companies chose this type of representation because of the small administrative ...

According to the Association and Foundation law in Latvia, the associations opened in this country are groups of people joined together under a purpose different from the one of making profit for them while the foundations are funds created by founders with the specific role of achieving specific pu ...

 The incorporation of a Latvian company begins with elaborating the articles of association, which contains the legal entity’s internal regulations. In these articles, besides the name of the company, its address, its capital, information regarding the shares and the shareholders, contain ...

1. What is the minimum share capital for a Limited Liability Company in Latvia? In order to establish a SIA (Limited Liability Company) in Latvia, a minimum share capital of 2,000 LVL, about 3,000 EUR is required. 2. What is the minimum share capital for a Joint Stock Corporation in Latvia? When a ...

In order to be a legal entity and to undertake business activities all companies must be registered with the Latvian Registry of Companies and also as taxpayers with the State Revenue. Preliminary activities before registering a Latvian Limited liability (LLC) and Latvian joint stock companies (JSC) ...