Opening a company in Latvia

Latvia offers one of the most attractive business environments in Europe. Whether you are an entrepreneur, a startup founder, or looking to expand your existing operations into the EU, Formily.lv provides a seamless, end-to-end solution for your company establishment.

Why Choose Latvia for Your Business?

• EU Member State: Gain full access to the European Single Market.
• Tax Efficiency: Benefit from a competitive corporate tax system (0% tax on reinvested profits).
• Fast Registration: Get your business up and running in as little as 1–3 business days.
• Digital Excellence: Latvia is a leader in e-government; most processes can be handled entirely online without a physical visit.
• Global Access: No restrictions on foreign shareholders or board members.

At Formily, we take the complexity out of legal and administrative requirements:

• Company Formation: From name reservation to filing with the Enterprise Register.
• Legal Address Service: We provide a registered office address in Latvia, mandatory for all companies.
• Bank Account Assistance: Guidance on opening a corporate bank account with local banks or fintech institutions.
• Accounting & Tax Support: Keep your company compliant with monthly bookkeeping and annual reporting services.
• Virtual Office Solutions: Professional mail handling and business representation.

How It Works (The 3-Step Process)

Step 1: Consultation & Preparation
Contact us via our form or email. We will consult with you on the best legal structure (e.g., SIA – Limited Liability Company) and gather the necessary documents.

Step 2: Digital Signing
Thanks to secure e-signature protocols, you do not need to travel to Latvia. We will prepare the incorporation documents for you to sign electronically.

Step 3: Registration & Launch
We submit your application to the Latvian Enterprise Register. Once approved (within 1–3 days), your company is ready to trade. We will then assist with VAT registration and banking setup.