Latvia offshore company formation

The most common form of offshore company in Latvia is a SIA (limited liability company).

Latvia offshore company registration allows you to benefit from the lowest taxes in Europe – corporation tax is 0% (as long as there is no dividend distribution, otherwise it is 20% on dividends).

Moreover, the incorporation of a company in Latvia allows you to carry out certain highly regulated activities in the European Union – that is, regulated activities that can only be carried out with a license.

An offshore company in Latvia can act as a Holding company with many advantages, the most important being the exemption from tax on dividends obtained from its subsidiaries.

Latvia

Latvia is located in the Baltic region in northern Europe, bordered by Lithuania and Estonia to the south, Belarus to the southeast, Russia to the east and a sea border with Sweden to the west.

Politically, it is defined as a “democratic parliamentary republic” with an elected legislature, consisting of one Parliamentary chamber, a prime minister, and a president.

Latvia was born as a nation in 1918 after the end of World War I. From 1940 to 1991, it was part of the Soviet Union under Russian control.

Latvia company incorporation service fees

100% online.

1-3 working days.

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USES OF AN OFFSHORE COMPANY IN LATVIA

  • INTELLECTUAL PROPERTY

    A good choice for managing and collecting commissions or royalties related to intellectual property.

  • FINANCIAL INSTITUTION

    It’s one of the activities that are subject to regulation. A license application from the regulator is needed, but it remains easy to obtain when it is for an online bank.

  • INVESTMENT FUND

    In the top 10 countries to offer advantages and facilities for the creation of private investment funds.

  • Holding

    A holding is a parent company whose purpose is to bring together partners or shareholders who wish to acquire a significant influence in other companies.

  • INTERNATIONAL TRADE

    A favorable and suitable jurisdiction for carrying out activities such as e-commerce, import/export, and/or professional services, with income tax exemption.

ADVANTAGES OF SETTING UP AN OFFSHORE COMPANY IN LATVIA

  • Capital

    A minimum capital of 2500 euros is required.

  • ACCOUNTANCY

    Compulsory monthly bookkeeping.
    Compulsory annual declaration.
    Mandatory audit for financial companies.

  • RESIDENCE

    There is no restriction regarding the residence and/or nationality of the directors and/or shareholders.

  • CORPORATE TAX

    Exemption from profit tax, income tax, capital gains tax and inheritance tax.
    Dividend tax of 20%, with the possibility of reducing it to 14%.

  • BANKING SYSTEM

    A very stable banking system: opening an offshore bank account remotely is easy

  • FREIGHT TRANSPORT

    Getting a transport license in the European Union with a company in Latvia is easy

offshore company latvia

Latvia company formation main characteristics

Incorporation time frame 1 – 3 working days
Type of business entitySIA,
Corporate tax0%
ISO standardsAvailable
Information concerning ShareholderDisclosed
Information concerning directorsDisclosed
Nominees servicesAvailable
Financial licenseAvailable
Valid EU VATAvailable

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