Company Formation in Latvia
Establish your EU-based company in one of the Baltic’s most digital and business-friendly economies, with complete formation and compliance support from UCI.
Why Choose Latvia Company Formation?
Launch your business globally fast, simple, and hassle-free!
Full EU Member State
Low Corporate Tax
Advanced E-Government Infrastructure
Simple SIA (Ltd) Structure
Strategic Location
Business Structures available in Latvia
SIA (Sabiedrība ar Ierobežotu Atbildību)
o Latvian equivalent of a private limited company (LTD). The most common structure with limited liability and 100% foreign ownership allowed.
Branch Office
o Not a separate legal entity; legally tied to the foreign parent company.
Representative Office
o No legal personality—used for research or liaison purposes only.
What’s Included in UCI’s Latvia Formation Package?
Included in package
- Business name reservation and verification
- Articles of Association drafting
- Registration with the Latvian Register of Enterprises
- Company seal (if required)
- Tax ID & VAT registration
- Corporate bank account setup
- Registered office address (virtual or physical)
- Assistance with e-signature and access to the Latvian e-government portal
- Ongoing tax, accounting, and compliance support
Latvia Incorporation Timeline & Requirements
Company Type
- Company Type SIA (Sabiedrība ar Ierobežotu Atbildību – Private Limited Company)
Incorporation Time
- ~5–7 working days
Minimum Share Capital
- €2,800 (can be reduced to €1 if certain criteria are met)
Foreign Ownership
- 100% foreign ownership allowed
Local Director Requirement
- At least one director required (can be non-resident)
Registered Office
- Must have a legal address in Latvia
Bank Account Required
- Yes – required for share capital deposit and business operations
Accounting/Reporting
- Annual financial statements and corporate tax returns are mandatory
Step-by-Step Formation Process
Launch your business globally fast, simple, and hassle-free!
Consultation & Company Planning
Launch your business globally fast,
simple, and hassle-free!
Drafting & Digital Submission of Documents
Launch your business globally fast, simple, and hassle-free!
Registration with Enterprise Register
Launch your business globally fast, simple, and hassle-free!
Tax ID, e-Signature, and VAT Setup
Launch your business globally fast,
simple, and hassle-free!
Bank Account Assistance (local or fintech)
Launch your business globally fast,
simple, and hassle-free!
Post-Setup Compliance Support
Launch your business globally fast,
simple, and hassle-free!
Why Choose UCI for Latvia Formation?
Our dedication to excellence and tailored solutions has helped us earn the trust of clients across the globe.
- Specialists in fast-track SIA company setup in Latvia
- Full remote incorporation support with English-speaking experts
- Assistance with legal address, tax ID, and local compliance
- Partnerships with trusted local banks and legal firms
- Deep knowledge of Latvian corporate tax and EU regulations
- Ideal for logistics, e-commerce, crypto, and EU market entry
- Transparent pricing with no hidden costs
- Support with VAT registration and ongoing accounting
Expand into Europe with a Latvian SIA
Tap into the EU market from one of the most innovative and cost-efficient countries in Europe. UCI helps you incorporate quickly and stay compliant.
Frequently Asked Questions
Can I form a company in Latvia as a non-resident?
Yes, Latvia allows 100% foreign ownership. You don’t need to reside in Latvia to own or manage a company.
What makes Latvia attractive for startups?
Latvia combines low operating costs, fast digital incorporation, and a 0% reinvested profit tax model, making it ideal for tech founders and international entrepreneurs.
Do I need to travel to Latvia to register a company?
No, incorporation can be completed remotely via electronic signature or power of attorney. UCI assists you at every stage.
What is the tax structure for Latvian companies?
Latvia offers 0% tax on undistributed profits and 20% only on distributed profits. It also offers competitive VAT and payroll tax rates.
Can I open a Latvian bank account remotely?
Some traditional banks may require in-person presence, but UCI also offers digital banking options and fintech solutions.