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.