FORMING A LATVIAN COMPANY

Incorporation time: 4 days

Shelf companies: Yes

Accounting: Yes

Secretary: Yes

Nominee Shareholder: Yes

Nominee director: Yes

Tax 15%

History of Latvia

One of the three Baltic States, the Republic of Latvia regained its independence in 1991. A member of the European Union since 2004, the country, which borders the Baltic Sea in the north of Europe, has experienced a period of strong growth. Latvia is very advantageously located in the centre of Europe and is an attractive business hub.

Latvia as Onshore Centre

Latvia is well-known for its attractive tax system and for developing its economy by applying Western European policies. The creation of an onshore company in Latvia is especially advantageous for imports and exports. The country guarantees a high level of confidentiality and simplifies accounting for non-resident investors.

Latvia Summary

On 1 January 2013, Latvia established a zero-tax regime for subsidiaries and shareholdings, making it an excellent destination for holding companies. In addition, since Latvia is part of Europe, this status allows you to have a company anywhere in Europe and pass on the profits to Latvia without withholding tax being deducted. The Latvian company may then transfer its profits offshore, without further taxation. Shares in the holding company may, for example, be held by a corporation in Ras al Khaimah or other zero tax area.

Types of Latvian Company

Latvia offers the following types of companies: