Fees and timelines in 2022

Fees

payment by instalmentLatvia business incorporation costs in Year 1 will amount to €1,600. The average fee per engagement amounts to €8,990 including Latvia company incorporation, corporate bank account setup, tax and VAT registration and legal registered office and all government registration fees.

Different Latvia entity types Cost Draft invoice
LLC €8,990 View invoice PDF
JSC €10,500 View invoice PDF
Branch Office €9,580 View invoice PDF
Representative Office €8,730 View invoice PDF
Foundation €8,990 View invoice PDF
Free zone company €12,790 View invoice PDF

Timelines

The average Latvia Company registration period is 11 weeks as outlined below:

Service LLC PLC Branch office Representative office
Engagement planning 1 week 1 week 1 week 1 week
Company incorporation period 2 weeks 4 weeks 4 weeks 3 weeks
Corporate bank account approval 4 weeks 4 weeks 4 weeks 4 weeks
Corporate internet banking approval 3 weeks 3 weeks 3 weeks 3 weeks
Engagement completion 1 week 1 week 1 week 1 week
Total engagement period 11 weeks 13 weeks 13 weeks 12 weeks

latvia business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Latvia, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Client Engagements Manager
  • Contact me!
latvia Cabinet of Ministers latvian MInistry of Finance latvian Chamber of Commerce (LLCI) Central Statistical Bureau of Latvia Investment and development agency of Latvia latvia company register