10 steps to incorporating in Latvia in 2024

1. Prior to commencing the Latvia company incorporation process, our Client i) settles Healy Consultants’ engagement fees ii) signs and returns our Client engagement letter and iii) provides us all the required due diligence documents;
2. Healy Consultants drafts a detailed strategy document, mapping out weekly steps for completion of the engagement, optimizing transparency and setting Client expectations;
3. Our Client provides us with the original lease agreement of their company’s Latvian business address. If our Client is unable to do so, we will offer virtual office services;
4. After corporate structure is agreed, Healy Consultants prepares the company incorporation forms for Client signature and courier return;
5. After receiving all the necessary documents from the Client, Healy Consultants representatives will get them notarized by a public notary in Latvia;
6. Healy Consultants’ banking team assists our Clients open a corporate account in Latvia. Our Client will deposit the required share capital of €2,800 into the bank account, and provide Healy Consultants the certificate of deposit;
7. Thereafter, Healy Consultants incorporates the company by submitting to the Public Register of Enterprises the following documents: i) detailed M&AA ii) signed incorporation forms iii) certificate of deposit and iv) lease agreement;
8. After incorporation, Healy Consultants will i) register the company for VAT and ii) register the company with Social Security with the State Revenue Authority;
9. Healy Consultants also assists our Clients’ activate the internet banking facility;
10. Following engagement completion, Healy Consultants couriers a full company kit, including original corporate documents, unopened bank correspondence and a Client feedback survey.