Fees and timelines in 2023


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 typesCostDraft invoice
LLC€8,990View invoice PDF
JSC€10,500View invoice PDF
Branch Office€9,580View invoice PDF
Representative Office€8,730View invoice PDF
Foundation€8,990View invoice PDF
Free zone company€12,790View invoice PDF


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

ServiceLLCPLCBranch officeRepresentative office
Engagement planning1 week1 week1 week1 week
Company incorporation period2 weeks4 weeks4 weeks3 weeks
Corporate bank account approval4 weeks4 weeks4 weeks4 weeks
Corporate internet banking approval3 weeks3 weeks3 weeks3 weeks
Engagement completion1 week1 week1 week1 week
Total engagement period11 weeks13 weeks13 weeks12 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
  • Sales & Business Development 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