Latvia offers a highly attractive environment for
company formation, featuring a flat tax system and
straightforward procedures. Below is a streamlined
guide to the essentials of forming a company in
Latvia, including tax benefits and the application
process for a residence permit.
With no limitations on foreign ownership or the kinds of companies that non-residents can create, Latvia provides a friendly business environment. Having the assistance of our agents is beneficial, particularly for first-time investors or those who are not used to interacting with Latvian authorities. In fact, the business incorporation process is a fairly straightforward one. Moreover, with professional guidance, the process becomes even easier to navigate. For example, our agents can help streamline communication with local authorities, ensuring that all required documents are in place. As a result, the incorporation is completed smoothly and efficiently.
Additionally, for those unfamiliar with the local legal and regulatory requirements, having an experienced agent is invaluable. This ensures that all necessary procedures are followed correctly. Furthermore, it minimizes the risk of any potential delays or mistakes that could occur if you were to handle everything independently. On top of that, having a local expert who understands the intricacies of Latvian business laws can provide peace of mind.
Not only do our agents assist with the technical aspects, but they also provide insight into the benefits of operating a company in Latvia. For instance, they can explain the favorable tax environment and strategic location within the European Union. This means that you will be fully equipped to make informed decisions that support your business goals.
Ultimately, whether you are looking to expand internationally or start a new venture, our agents are there to guide you every step of the way. In addition, they will ensure that your business incorporation process is seamless and without any unnecessary complications. Thus, leveraging their expertise makes the entire experience more efficient and less stressful.
Investors must first select a company type from the list of options before beginning the Latvian company registration process. Additionally, it is essential to consider various factors, such as the business model and legal requirements, as they can significantly impact the formation process. Once the company type is chosen, the next step involves gathering the necessary documents. Furthermore, investors should ensure they meet all regulatory obligations to avoid potential delays.This choice is based on the amount of capital available, the number of investors, and the intention to grow the business going forward.
Key Features
Legal Structures: SIA (Limited
Liability Company) is the most
popular.
Minimum Share Capital: €2,800
(with at least €1 paid initially)
Shareholders: Minimum of
one (individual or corporate
entity)
Management: At least one board
member, who can be a
shareholder or an external
individual
Residency Permit
Residency for Investors: Investors contributing a minimum to the share capital
of a company eligible for a TRP.
Family Inclusion: TRPs can extend to immediate family members, including
spouses and children.
Schengen Area Access: Free movement within the Schengen Zone for TRP holders,
allowing for ease of travel across 26 European countries.
Professional Assistance
Our experienced team at Dalimit offers comprehensive services to act on your behalf,
ensuring a seamless formation process. We provide:
Representation: From notarization to bank
setup.
Documentation: Handling all registrations
and legal formalities.
Compliance: Regular updates and support
to keep your GmbH in good standing.
Tax Benefits
The standard corporate income tax rate for Latvian companies is 20% on distributed profits.
Additionally, there is no withholding tax on dividends paid to non-resident shareholders.
This straightforward tax regime contributes to Latvia’s attractiveness as a business
destination, providing clarity and predictability
GLOBALLY RATED STUDY ABROAD AND IMMIGRATION CONSULTANTS SINCE 1999
Surat | Mumbai | Pune
www.dalimit.com
Email: contactus@dalimit.com
CONTACT NO. 9825106789