Establishment of companies in Latvia (including applying for permits and registrations)

If you want to start a business in Latvia, we will gladly help you with the planning phase, as well as compiling papers, submitting an application, applying for permissions, and doing everything else necessary so that you can start operating your company as easily and stress-free as possible.

Why choose us?

• In addition to a solid understanding of the regulations, we have extensive experience establishing businesses in Latvia. Starting a business in Latvia is similar to starting one in Estonia or in other EU countries, but there are a few details that must be considered. The essential criterion is that the founding documents must be submitted in the state language, which is Latvian. Documents may be multilingual (e.g., in English or Estonian), but Latvian is required. When establishing, the standard founding documents (articles of organisation, agreement, and foundation decision) must be provided together with the completed forms.

Our establishment services include the following components:

• An introductory meeting to clarify the founders' objectives and offer an outline of the main principles of creating a company in Latvia.

• Consultation on the best structure (SIA is an ordinary limited company in Latvia, although there are alternative SIAs with reduced capital).

• Check for uniqueness and compliance with Latvian regulations while choosing a business name.

• Preparation of documentation: articles of association, founding decision, or contract.

• Assistance in setting a temporary bank account (e.g., a startup account) and consultation to ensure the validity of the share capital contribution.

• Filling up and submitting a form-based application to the Latvian Business Register.

• If required, augmenting documents and submitting new documents.

• Assisting with getting a license if the company begins operations in the licensed field.

• Assistance in registering a temporary bank account into a regular bank account (typically a thorough and time-consuming background check is performed for foreign individuals by the bank; the procedure is shortened if the essential information is supplied promptly).

• Advising on VAT registration and submitting an application (communication needs to be carried out in Latvian).

• Support for board members when applying for a personal identification number (we assist in providing the needed information in Latvian).

• Preparation of other documents required for the functioning of the company.

• Advice for recruiting employees: employment contracts, trade unions, etc.

• Assisting in organising monthly and annual state reporting and resolving any post-establishment difficulties.