Business Set-Up in Latvia

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Friendly, easy to understand & patient!
Darren Beckett
Darren Beckett
26 Feb 2025
3rd Party Review

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Service Details

Business Set-Up

This service is available across Latvia

Who Is This Service For?

This service is designed for English-speaking entrepreneurs, investors, and business professionals seeking to register a company in Latvia. 

It is ideal for those looking to benefit from Latvia's strategic location in the European Union, favourable business environment, and efficient registration processes.

Who Is This Service For?

Requirements

  • Share Capital: Minimum share capital of €2,800. For small-scale Limited Liability Companies (SIAs), the capital can be as low as €1 if certain conditions are met.

  • Founders and Board Members: At least one shareholder and one board member are required. Shareholders can be individuals or legal entities, and there is no nationality restriction.

  • Legal Address: A registered office address in Latvia with the owner’s consent.

  • Documentation:

    • Application form

    • Articles of Association

    • Founders' registry schedule

    • Proof of share capital payment

    • Notarised signatures on registration documents

    • Proof of payment of state fees

Requirements

Process: Step by Step

  1. Initial Consultation: Evaluate your business needs and eligibility for setting up an SIA.

  2. Document Preparation: Assist in preparing and translating necessary documents.

  3. Temporary Bank Account: Help in opening a temporary bank account for capital deposit.

  4. Application Submission: Complete and submit your company registration application to the Latvian Enterprise Register.

  5. Follow-Up: Monitor the registration process and provide updates.

  6. Post-Registration Support: Assist with converting the temporary bank account to a permanent one and other initial business setup activities.

Process: Step by Step

Benefits of this Service

  • Expert Guidance: Benefit from our thorough understanding of Latvian business laws and regulations.

  • Personalised Support: Tailored assistance specific to your business needs.

  • Efficient Process: Save time with our streamlined application and registration process.

  • Comprehensive Service: Support from initial consultation to post-registration activities.

Benefits of this Service

Key Components of this Service

  • Detailed initial consultation to assess eligibility and business needs

  • Professional assistance with document preparation and translation

  • Guidance in opening a temporary bank account for capital deposit

  • Efficient handling of company registration application and follow-up

  • Continued support post-registration for business setup in Latvia

Key Components of this Service

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

Director
When we set-up Advocate Abroad 14 years ago, getting legal services abroad was something of a lottery.
Clients faced a variety of problems from poor levels of English to questionable moral behaviour by some practitioners.
So we set-up Advocate Abroad to ensure standards by checking lawyers’ background, language levels, and competencies...
...and now, having handled over 40,000 enquiries, via hundreds of partners in 20 countries, we think we must be doing something right!
Rosa Torrandell
Senior Lawyer, Advocate Abroad SL
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