Latvia is one of the most attractive jurisdictions for foreign entrepreneurs who want to do business in Europe, it is an ideal country to carry out stable financial activities. It has a small and open economy; whose exports contribute almost a third of GDP. Due to their geographical location, transit services are highly developed, along with wood and wood processing, agriculture and food products, and the machinery and electronics manufacturing industries.

The ideal place to register a company. The presentation of incorporation documents is mandatory, as well as all updates that are made in the members that make up the company (directors or shareholders) if you want to consolidate an entity in this jurisdiction.
There are several types of entities to register, choosing the ideal option will depend on the functions you want to develop as a company and this is where Foster Swiss will advise you to form a perfect registry.

In Latvia limited liability companies are the most common (as well as in most countries), due to their simplicity you should only have at least one shareholder and one director who do not necessarily have to reside in the country. A capital of at least 2,800 euros is required, 50% must be deposited in the registry.
You can also consolidate a microenterprise, where all shareholders are individual, you have less than five employees and the annual turnover is less than 100.00 euros, for this registration the minimum paid-up capital is 1 euro.

Corporations are often used by foreign entrepreneurs to establish a subsidiary, it is known as the preferred form of business for financial or holding companies. The base capital of this entity is divided into shares and offers great benefits in terms of liability and capital regulations. For its creation only a base business structure of a shareholder and a director is needed. This entity can be configured privately or through the public registry.

Branches in Latvia

The ideal option if you are looking to expand your business are branches, opt for a secondary establishment that has autonomy in terms of management, but depends directly on the parent company. Its main objective is to establish commercial relations of an existing entity in new international markets.
If you do not want to carry out commercial activities, but if having a presence in Latvia, a representative office is the answer, this business structure is only dedicated to promoting the business of the parent company by conducting market research and consulting clients. 

If you wish to register a company in Latvia, Foster Swiss can advise you. We help you in practically everything: we provide advice from the moment you choose a corporate structure for your company until even one year after you have formed your company. And of course we take care of the whole process for you.   

For more information on this topic or any requirement related to our services, you can contact directly through info@fosterswiss.com