Latvian Company Formation
Foreign investment is rising strongly and Latvian authorities have taken steps to streamline the regulations governing company formation. Limited Liability companies is the most popular form. Latvia´s corporate tax is 15%, one of the lowest rates in EU. Among the advantages of Latvia, we can find its multi-lingual culture, Latvian, Russian and English are commonly spoken; plus people is very professional and are used to working with both Western and Eastern business cultures. Latvian companies serve as EU bridge for trade between Western and Eastern, “Russian-speaking” countries.
Requirements:
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Minimum capital share is €3090, half of it must be paid-up.
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One director required
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No restrictions of foreign shareholders or directors
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Registered office required
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Visiting Latvia will be recommended, in order to set accounting requirements and open bank account
