Latvia company formation assists our clients to legitimately conduct business in Latvia, the Baltic States and the European Union (EU). The following information will help you determine whether Latvia company formation is the optimum corporate structure to fulfill your international business objectives: |
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| Advantages of Latvia Company Formation | |
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| 2. | A minimum of one shareholder and one director is required for Latvia company formation. Corporate shareholders are permitted. Corporate directors are not permitted. |
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| 4. | Latvia is positively ranked as the world's 22th easiest place to do business, according to a World Bank's Doing Business 2008 Survey. In addition, in the 2007 Index of Economic Freedom by the Heritage Foundation, Latvia ranks highly as having the world's 38th-freest economy, and scores at 70% in terms of investment freedom and capital flows. |
| 5. | It is easy to open global corporate bank accounts to support Latvia company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
| 6. | Latvia ranks a positive 45th on the United Nations Human Development Index for its high overall life expectancy, literacy, education and living standards. |
| Disadvantages of Latvia Company Formation | |
| 1. | The minimum registered share capital for Latvia company formation is LVL 2,000 (US$3,800). This fee must be paid to the Latvian Registry of Companies prior to Latvia company formation. |
| 2. | A Latvian company is subject to a corporate tax of 15% (one of the lowest in the EU) and a withholding tax of 10%. |
| 3. | A resident director is required for Latvia company formation. Directors' details are available on a public register following Latvia company formation. |
| 4. | Monthly tax reports must be submitted to the State Revenue Service following Latvia company formation. Annual financial statements must be submitted to the Latvian State Revenue Service following Latvia company formation. The accounts must be audited if annual turnover exceeds US$380,000. |
| 5. | All documents required and issued by the Latvian authorities is in Latvian. Documents in another language must be translated and notarised before submitting to the authorities. |
| 6. | The company does not issue share certificates and registration of the shareholders is recorded in the "Shareholders Register". |
| 7. | Latvia poorly ranks as the 51st least corrupt country in the world, according to the 2007 Corruption Perceptions Index by Transparency International. |
| Other Information | |
Refer to the following links to read more information on Latvia company formation:
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| Contact Us | |
| For more information on Latvia company formation, email email@healyconsultants.com or call (+65) 6735 0120. | |
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ENGAGEMENT COSTS Year 1 incorporation US$7,100 * Annual fees from Year 2 US$3,600 * Nominee director fee Company de-registration * Fee based on a capital of Includes government licence fees, registered office for 12 months, Company secretary fees for 12 months |
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| © 2003 Healy Consultants Pte Ltd | EUROPE COMPANY SET UP SERVICES |
