Latvia
 

General Information

    Advantages:

  • Corporate tax rate 0% if assets are invested in the company

  • Quick registration (only 4 days)

  • EU legal framework is applicable

  • the best country to do business according to forbes

    Disadvantages:

 

  • Strict bank compliance requirements

  • Person with significant control obligatory disclosure

  • At least 1 employee is required

  • Monthly reporting

 

 

Latvia, a country in Northern Europe, is bordered by Estonia to the north, Belarus, and Lithuania to the south, the Russian Federation to the east, and the Baltic Sea to the west. Latvia is divided into 110 municipalities and nine cities, with Riga as the capital. The national language is Latvian, and the euro (EUR) has been the national currency since 1 January 2014. 

 

The commercial environment is generally friendly to foreign companies, and EU directives are implemented and observed. The Latvian government has adopted modern laws establishing copyrights, patents, and trademarks and the means of enforcing their protection.  

 

Latvia offers a progressive, western-oriented business environment with a well-educated multilingual workforce, a simple and favorable tax system, and an efficient business infrastructure. 

 

Latvia has a very open economy. The transport and logistics sectors also contribute significantly to GDP. In addition, IT, energy, water, modern food production and creative industries can be identified as sectors with major potential. 

Legal Information

Tax Information

Contact us

Let's talk about your project. We will contact you within 1 hour.

Contact us

Let's talk about your project. We will contact you within 1 hour.

  • LinkedIn - серый круг
  • Facebook - Grey Circle

© TAXUS L&F LTD
2018 ALL RIGHTS RESERVED