Branch of a Latvian Merchant/ Latvian company

Branch of a Latvian Merchant/ Latvian company

If Latvian company plan to form/ register its branch in Latvia then we need following information:- Title (Latvian company name) and registration number of the current merchant- Legal address of the Latvian company/ merchant- Title of the branch, if it is different from the main company's title- Legal address of the branch or Latvian company- Information on the person who will be authorized to represent the Latvian Merchant/ Company in activities related to the branch- Amount of authority - full authority, for particular activities only (must be specified)


Expenses for registering a branch of Latvian company/ Latvian Merchant- state tax for registering a Latvian company's branch – 20 Ls- payment for publication about registering Latvian company's branch in the official paper „Latvijas Vēstnesis” – 16 Ls
- payment for notary certification for a signature – starting from 10 Ls, it depend on the pricelist of notaries- payment for banking services – bank pricelist.

More information you can get in section on company formation.

50% of deposits in Latvian banks belong to non-rezidents

50% of deposits in Latvian banks belong to non-rezidents

Almost 6 billions Lats (~8.57 billion EUR) in deposits boleng to non-residents of Latvia. This amount is 49.5% from all banks deposits.

In comperance with year 2012 Q3 deposits of non-residents of Latvia increased by 20% (1 billion). Banks explain that this amount is sent form the other EU countries where is crisis, for example - form Cyprus.

Experts are comparing Latvia with Switzerland - where resident deposit amounts are less that non-residents. Flow of non-resident money is related with risks and also with profits. To control stability of banks where is big turnover of non-resident money, banks are obliged to submit regular statements of indexes to Financial and Capital arket Commission.

It is possible to open bank accounts remotely in some bank of Latvia. Please read about it in section bank account in Europe

General partnership in Latvia

General partnership foundation and registration in Latvia

General partnership is a partnership whose purpose is conducting the commercial activities using a joint firm and where two or more persons (members) are united on the basis of a company agreement, without limiting their liability against creditors.

A member of the limited partnership may only be a physical or a legal entity, as well as a legally capable partnership.

If you wish to do formation and registration of General partnership:
-Title of the company
- The legal address of a General partnership shall be considered to be the address of the place where the management of the partnership is located (the headquarters of the partnership). Changes of the legal address shall be notified to the Commercial Register for registration
- Term of activity (term less, till the set date or aim)
- Total investment of the limited partners
- Information on the limited partners - name, surname, personal code, place of residence, passport serial number, date of issue, issuing institution
- Sum invested by the limited partner and each partner investment in General partnership

Expenses for registering a General partnership
- state tax for registering the General Partnership – 100 Ls
- payment for publication in the official paper „Latvijas Vēstnesis” – 24 Ls
- payment for notary certification for a signature – starting from 10 Ls (depending on the prices of notaries)
- payment for banking services – bank pricelist

For more information please visit our website in section company formation and registration.

Sole Proprietorship/ Individual Merchant in Latvia

Registering Sole Proprietor / Individual Merchant in Latvia

Sole Proprietorship or Individual Merchant is a physical person who conducts economic activities.
Physical person who runs Sole Proprietorship is fully responsible for SO liabilities with all his/her own property.
Sole proprietorship / Individual Merchant has a title and a registration number.

If one wish to register Sole Proprietorship there is necessary following information:
- Title of the Individual Merchant
- Legal address of the Individual Merchant
- Information on the Individual Merchant - name, surname, personal code, passport data and place of residence

Expenses for registering the Sole Proprietorship/ Individual Merchant:
- state tax for registering a Sole Proprietorship – 20 Ls
- payment for publication of registering Sole Proprietorship in the official paper „Latvijas Vēstnesis” – 16 Ls
- payment for notary certification of signature – starting from 10 Ls (depends on the pricing of the notaries)

Total expenses for registration – starting from 55 Ls to 85 Ls

More abour Sole Proprietorship registration you can find in section company formation.

Formation and registration of LLC in Latvia

Formation and registering of Limited Liability Company (LLC, Ltd)

Limited Liability Company (LLC) is a commercial company whose equity capital consists of the total amount of the par value of the shares of the equity capital expressed in full Lats.
The limited liability company is a closed company and its shares are not the object of public issue.
Number of LLC founders/shareholders may be starting from one or more.
Board of LLC may consist from one to more board members.

The LLC company is a legal person.
The founder/sharehoder of Latvian LLC can be legal /physical person


Citizens of other countries (non-residents) may become the founders as well as board members of a Ltd(LLC). Share capital must be at least 2000 LVL
There can be also founded Microcapital LLC and share capital of sucg company can be starting from 1 LVL. More about Microcapital LLC in next topics.

The necessary information for formation and registering a LLC in Latvia

- Title/name of the Latvian LLC
- Legal address of the LLC in Latvia
- Information about the founders of the new Latvian LLC
  - name, surname, personal identification code, birth date and place of residence(address), number of passport, date of issue, issuing authority, parts of share capital by shareholders and value of Ltd share capital
- Information about the board of new Latvian LLC
   - name, surname, personal identification code, birth date and place of residence(address), number of passport, date of issue, issuing authority
- Amount of board member in Latvian LLC
- Information about the share capital of the new Ltd company
- Amount of share capital of new LLC and way and procedure of payment
- Council of Latvian Ltd (council of LLc is not necessary obligatory)
   - name, surname, personal identification code, birth date and place of residence(address), number of passport, date of issue, issuing authority
- Information on branches new Latvian Ltd if planed to be registered.

If the founder of Latvian LLC will be foreign legal entity

If the founder of Latvian LLC will be foreign Ltd or other legal entity, then there is necessary following information:

- Translations into Latvian language with notary authorisation of documents certifying the registration of the founding company. Translated documents must be legalized by an apostille or leglalized in competitive authority of exact country. Documents from Belorusia, Estonia, Kirgizstan, Lithuania, Moldova, Poland, Russia, Ukraine and Uzbekistan don't need apostilles and notary certification is enough
- Passport copy of the legal representative or contracting party
- Notary certified translation into Latvian of the power of attorney for the contracting party or other document containing authorization
- Passport copies of new Latvian Ltd board members
- Confirmational bank resolution that the minimal share capital of 2000 LVL or that 50% of the minimal share capital amount is paid in the temporary bank account. If there is founded microcapital LLC, then no necessary bank resolution.

If the founder of Latvian LLC will be foreigner - private person, then there is necessary following information:

- Passport copy of the legal representative or contracting party
- Notary certified translation into Latvian of the power of attorney for the contracting party or other document containing authorization
(Translations into Latvian language with notary authorisation of documents certifying the registration of the founding company. Translated documents must be legalized by an apostille or leglalized in competitive authority of exact country. Documents from Belorusia, Estonia, Kirgizstan, Lithuania, Moldova, Poland, Russia, Ukraine and Uzbekistan don't need apostilles and notary certification is enough)
- Passport copies of new Latvian Ltd board members
- Confirmational bank resolution that the minimal share capital of 2000 LVL or that 50% of the minimal share capital amount is paid in the temporary bank account. If there is founded microcapital LLC, then no necessary bank resolution.
Mor information you can get in section on company formation.

Schengen visa with a Representative Office of foreign company

Shengen visa by forming representative office of foreign company

Service is available to clients who wish to participate in regular commercial activities as employees of a company with a representative office in Latvia.

The multi-entry Schengen visa option applies to applicants from non-EU countries that are planning to travel for business purposes within the Schengen Zone, but will not permanently reside in Latvia (duration of stay in Latvia or in other Schengen country may not exceed 90 days in a six month period).

Benefits
- Enter Latvia or other Schengen country an unlimited number of times each year
- Enter any other Schengen country with the same visa and stay there up to 90 days

Main things
- No share capital
- No visit required for representative office registration and bank account
- No salary requirements for representative
- No proof of sufficient financial means required for visa application

Procedure for obtaining Schengen visa:
Step 1 – Latvian limited liability company formation and registration
Step 2 – Schengen visa application

The Company issues an invitation to the representative, which must be approved by the Latvian Citizenship and Migration Office.

We provide the applicant with a confirmed reference number and then they personally submit their documents together with an application for a multi-entry Schengen visa at the Latvian Embassy in their country of residence or in any other country where a Latvian Embassy is located. The applicant will be interviewed by an Embassy official.

The applicant applies in their own country for a Multi-entry Schengen Visa as an employee of a foreign company with a Latvian Representative Office.

The Latvian embassy issues the Schengen business visa for one year, permitting a stay in Latvia or the EU for up to 90 days in a six month period.

Note: When obtaining a Schengen visa via the Latvian Embassy, the first visit to the Schengen zone must be to the Republic of Latvia.

Timescales
There is no requirement to visit to Latvia for Representative Office set-up which takes 4-6 days.
The visa invitation is normally approved by the Immigration Service within 5-7 days and is valid for 6 months
More information you can get in section immigration to Latvia

Latvia show the fastest export growth EU

Latvia show the fastest export growth EU

Export of Latvia in first eight month in comperance with the same period in previous year has encreased for 14%, and this is the fastest export growth among all Europen Union (EU) countries.

The fastest growth of export is fixed in Latvia, Slovakia and Greece - by 11% and Portugal - by 10%. 

There is fixed decrease in Luxemburg - by 4%.

Export of Estonia increased by 5%.

Latvian import has also increased - by 15% and that is second highest increase among all EU countries.

The fastest import increase is fixed in Malta - by 16% and also in Bulgaria - 13%.

But the highest decrease of import is fixed in Greece - by 13%, Cyprus - by 8% and Italy - by 6%.

Import in Lithuania and Estonia increased increased accordingly by 7% and 8%.

Economic growth of Latvia

Latvia has EU's strongest growth in the third quarter

In the 3rd quarter of 2012, Latvia showed the fastest year-on-year economic growth in the European Union, as well as the fastest growth when compared with the second quarter, according to updated "Eurostat" data.

Latvia's gross domestic product (GDP) increased 5.3 percent in the third quarter as compared to the third quarter of 2011, which was the highest increase across the EU.

On quarterly basis, Latvia's GDP increased 1.7 percent in the third quarter. Estonia's also increased by 1.7 percent, while Lithuania's quarterly growth was 1.3 percent.

In year-on-year terms, Estonia recorded the second fastest GDP increase of 3.4 percent, while Lithuania placed third with a 3.3 percent GDP increase.

Greece recorded the steepest fall in GDP of 7.2 percent, followed by Portugal (3.4 percent) and Italy (2.4 percent).

Compared to the third quarter of 2011, the EU economy reduced 0.4 percent in the third quarter this year, while the eurozone's GDP decreased 0.6 percent.

As compared to the second quarter of 2012, the Netherlands registered the largest decrease in GDP - 1.1 percent. Portugal's GDP shrank 0.8 percent and Slovenia's 0.5 percent.

Quarter-on-quarter, the EU economy increased 0.1 percent in the third quarter and the eurozone's economy reduced 0.1 percent.

As reported, according to the Central Statistical Bureau's data, calculated using different methodology, Latvia's GDP increased by 5.3 percent in the third quarter of 2012, compared to the third quarter of 2011, according to seasonally non-adjusted data.

Иммиграция в Латвию (Европейский Союз)

    Иммиграция в Латвию (Европейский Союз)

 register–company.lv является Латвийским предприятием предлагающим широкий спектр услуг в сфере  эмиграции и интеграции в Европейский рынок.

Мы гарантируем высокое качество предлагаемых услуг. Наше предприятие делает возможным получение много-кратной визы и получить легализацию в стране, создать компанию которая соответствует вашему профилю действия, открыть банковский счет, приобрести недвижимость в Латвии а также установить бизнес контакты с партнёрами во всех странах Евро Союза.

Мы приготовим налоговую документацию и зарегистрируем вашу компанию в госучреждениях. Совместными усилиями мы разработаем и реализуем план который вам даст возможность получить желанный статус.

 Здесь вы можете получить всю нужную информацию связанную с нашими услугами по поводу иммиграции в Латвию.

  » О Латвии

  » Преимущества иммиграции в Латвию

  » Схема иммиграции в Латвию

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 Если вы нуждаетесь в юридических услугах или в бухгалтерских – пожалуйста, свяжитесь с нами Иммиграция в Латвию (Европейский Союз)

Бухгалтерские услуги

 Бухгалтерские услуги

  register-company.lv предлагает бухгалтерские услуги и бухгалтерские консультации, касающиеся  бухгалтерий налогов и персонала. Мы реализуем полный финансовый анализ бухгалтерского учета и своевременного уведомления администратора о любых рисках, которые угрожают успешному развитию бизнеса. register-company.lv также управляет созданием бухгалтерских отчетов, всех необходимых бухгалтерских документов и их доставку Службе государственных доходов, Центральному бюро статистки и в другие учреждения Латвийской Республики.

  Если вы выберете бухгалтерские услуги  register-company.lv, мы  берём полную ответственность за точность и пунктуальность бухгалтерских услуг в вашей компании и в соответствии со всеми правилами бухгалтерского учёта. Делегировав ваши бухгалтерские услуги к нам, вы сэкономите на персонале, налогах, а также на рабочем месте и курсах повышения квалификации в области бухгалтерского учета для сотрудников, без которых профессиональные бухгалтерские учёты невозможны.

  Предлагаемые бухгалтерские услуги:

–    Бухгалтерия в соответствии с законодательством Латвийской Республики;

–    Анализ первичной документации;

–    Оформление всех необходимых отчетов (деклараций) и представления их в территориальном учреждение Службы государственных доходов;

–    Представительство в Службе государственных доходов;

–    Составление документов бухгалтерской организации;

–    Проверка расчетов с деловыми партнёрами ;

–    Расчет заработной платы;

–    Работа с первичными документами, ввод их в регистры;

–    Консультации по вопросам бухгалтерского учета;

–    Оформление всех внутренних документов в соответствии с законодательством;

–    Налоговая оптимизация.

 

Если вы нуждаетесь в юридических услугах или в бухгалтерских – пожалуйста, свяжитесь с нами  Бухгалтерские услуги

   Создание Латвийского предприятия                                                            

   Одной из наших основных услуг является формирование (создание) компаний в  государственном реестре предприятий Латвийской Республики. Наши сотрудники в соответствии с вашими потребностями готовы представить Вам всю необходимую информацию и консультации о создании латвийской компании и необходимые на то документы, а также их оформление.

   В Латвии есть несколько типов компаний - Общество с ограниченной ответственностью (ООО), акционерное общество, индивидуальный предприниматель, товарищество с ограниченной ответственностью и т.д.Здесь вы можете найти основную необходимую информацию о формировании самого популярного типа компании в Латвии- Общество с ограниченной ответственностью, а также предлагаемых нами услуг, связанных с изменениями в учредительных документах компании.

  

   Требования:

–   Минимальный уставной капитал - LVL 2000 (€ 2850), по крайней мере половина должна быть оплачена;

–   Число директоров – как минимум один;

–   Нет ограничений на иностранных акционеров или директоров;

–   Юридический адрес (зарегистрированный)

–   Визит в Латвию необходим для открытия счета в банке, подписи документов и обсуждения требований бухгалтерского учета. Существует также возможность регистрировать компании без посещения Латвии, создав доверенность для регистрации компании и открытия банковского счета и заполнения некоторых необходимых документов.

 

Пожалуйста, не стесняйтесь обращаться к нам за дополнительной информацией о тех или иных вариантах и возможностях.

 

Преимущества Общества с ограниченной ответственностью (ООО) в Латвии:

–   компания является юридическим лицом;

–   все обязательства компании ограничены уставным капиталом;

–   простая процедура регистрации компании;

–   нет нужды посещать Латвию для регистрации ООО в Латвийском государственном реестре предприятий;

–   владелец общества с ограниченной ответственностью может быть любое лицо (юридическое лицо и физическое лицо), а также оффшорные компании;

–   простое управление (может управляться одним человеком);

–   нет необходимости в местном (резиденте) директоре компании;

–   корпоративный подоходный налог с  ООО составляет 15%.

     Необходимая информация для регистрации ООО

      –   название компании (могут быть использованы буквы латышского или латинского алфавита, должно отличаться от названия уже зарегистрированной компании);

      –   юридический адрес ООО (юридический адрес должен находиться в Латвийской Республике, мы предлагаем услуги по представлению юридического адреса);

      –   сведения об учредителях компании;

      –   информация о членах совета;

      –   информация об уставном капитале.

 

  Если вы нуждаетесь в юридических услугах или в бухгалтерских – пожалуйста, свяжитесь с нами  Создание Латвийского предприятия    

Investments to Latvia

Why to invest in Latvia?

One of the most important reasons why to invest in Latvia is good place how to enter into large markets.

Latvia has a unique geographical, providing a strategic location for business operations targeting developed economies of the EU and emerging markets of eastern neighbors. Latvia is a natural gateway between the US, EU and Asia (especially Russia/CIS). Advantages enabling successful trade include:

Advanced transport infrastructure: Located on the Baltic Sea, Latvia has three major, ice-free international ports—Riga, Liepaja and Ventspils—that are closely linked into the country’s land-based infrastructure, including an extensive rail, road and pipeline system. The largest airport in the Baltics is Riga International Airport—with over 70 international direct destinations, it serves almost two-thirds of all flights in the region.

You can get more information about advatages of business immigration into Latvia in section advanages of immigration to Latvia

Free trade: Latvia’s external trade and customs policy is based on free trade principles. Latvia is an EU country, a member of Schengen and an active participant of the World Trade Organization, enjoying all the benefits of free and open trade in the world’s markets. Customs and border procedures have been made for effective planning and coordination with trade partners around the world.

In case if businessman is non european citizen, then there can be necessary visa, business visa as traveling documents to Latvia. You can get more information about immigration in section Scheme of immigration.

- The government, the Latvian Investment and Development Agency (LIDA), and the Ministry of Economics propose various changes in legislation, including financing foreign visits, to promote the involvement of foreign investors in Latvia. Since 1999, Latvia is a member of the WTO, but in 2004 it joined the EU and NATO. Latvia has concluded bilateral investment promotion and protection agreements with all of its most important partners.
- The business environment is favorable for foreign investments and entrepreneurship: our laws are in line with the legislation of the EU; besides import duties and taxes, there are no additional limitations for the free movement of capital and goods. In transactions with the EU countries, there are no such restrictions at all.

If you are interested to start business in Latvia then you must visit section on company formation. Sometimes there can be necessity to start business as soon as possible, in such case there is possibility to buy ready made company.

Registering as Value Added Tax payer

General information about VAT registration

Persons from the Republic of Latvia are registered in the Register of VAT Taxable persons by the following conditions:

- natural persons according to the declared place of residence;
- legal persons according to the legal address.

In order to register in the SRS Register of VAT Taxable Persons, the person has to submit to the respective   SRS local office the registration form  "Registration Application in Register of VAT Taxable Persons".

All clients are registered as VAT payers accoridng to Law on Value Added Tax. When submitting the registration application, one must either a personal identification document or a driver’s licence. If the registration application is signed and submitted by an authorized person, this person should also submit the Power of attorney. A person is registered in the SRS Register of VAT Taxable Persons within 15 working days from the day of the submission of the application.

A person is considered registered in SRS Register of VAT Taxable Persons as of the day when the registration certificate of a VAT taxable person has been issued to them.

In case the person cannot be contacted at the declared legal address or at the declared permanent place of residence, or if the person does not submit information on a SRS request, or the information provided about the material and technical capacity and financial scope to undertake the declared economic activities of the applicant are false, the SRS takes a decision to reject the registration application. When a person receives a rejection of the registration application, the person has the right to add more precise information in the application and to submit it to the SRS again.

In case any person from a EU member state or a person not registered in the territory of the EU undertakes one or more VAT transactions in Latvia, then the SRS registers in SRS Register of VAT Taxable Persons one of the following persons:

- any person from an EU member state or a person not registered in the territory of the EU - at one of the places where the respective transaction has taken place in the Republic of Latvia;
- their authorized person in the Republic of Latvia - according to the legal address or the declared place of residence of the respective person.

To be registered in the SRS Register of VAT Taxable Persons, the person has to submit the registration application "Registration Application in Register of VAT Taxable Persons from EU member state and for persons not registered in the territory of the EU".

When submitting the registration application, one must present either a personal identification document or a driver’s licence. In case the application is submitted by an authorized person, then the authorization also has to be presented.

A person is considered registered in the SRS Register of VAT Taxable Persons within 15 working days from the day of the submission of the application.

A person is considered registered in the SRS Register of VAT Taxable Persons as of the day when they have been issued a registration certificate of a VAT taxable person.

If the person from EU member state or a person not registered in the territory of the EU has not entered all the requested information into the registration application, SRS takes a decision about the rejection of the registration. When a person receives a rejection of the registration, the person has the right to add more precise information in the application and to submit it to the SRS repeatedly. More information you can get in  section Taxes in Latvia.

General terms:

1. Persons registered in the Republic of Latvia, should personally submit the registration application to the respective SRS local office by presenting the personal identification documents or driver’s license. If the registration application is signed and submitted by an authorized person, this person should also submit the corresponding authorization.

Person from an EU member state or person not registered in the territory of the EU submitting the registration application should present a document confirming the identity of the person or a driver’s license. If the registration application is signed and submitted by authorized person, this person should also submit the corresponding authorization;

2. After registration in the SRS Register of VAT Taxable Persons, the registered person regardless it is registered in Latvia, in EU or it is not registered in the territory of the EU, according to Chapter 1 of Article 11 of the law ‘On Value Added Tax’ have the obligation to submit to SRS a tax declaration with tax calculations for the taxation period within 15 working days after the end of the taxation period;

3. Chapter 3 of Article 11 of the law "On Value Added Tax" foresees that tax declarations should be submitted also in cases, when the taxable person in taxation period hasn’t performed taxable transactions. In accordance with the provisions of Chapter 1 of the Article 9 of the law "On Value Added Tax" the taxation period is one calendar month;

4. If the taxable person during one month after the date, when the tax declaration should have been submitted as established in the law, doesn’t submit the declaration or provide false information, or after sending written request by tax administration, hasn’t submitted documents of audit tax calculations or the taxable person is not available at its legal address or the declared place of residence or the address doesn’t exist, according to Chapter 81 of Article 3 of the law "On Value Added Tax" in the order, established by the Cabinet of Ministers, the person could be excluded from the Register of VAT Taxed Persons.
More information you get in section: Accounting services.

Micro Company tax

Micro-enterprise tax

Micro-enterprise Tax - on 9 August 2010 Saeima of the Republic of Latvia has been accepted "Law on micro-tax." The new tax took effect from 01 September 2010.
Company formation and registration as a new business at the same time have the opportunity to apply for the micro-enterprise tax payer. But the company, which already operates can apply or can be refused as a micro-enterprise tax payer until December month of a current year and starting from next year it shall be registered as a micro-enterprise taxpayer or the company may be terminated at the micro-enterprise tax status.
An undertaking to this tax purposes would be considered micro must meet the following criteria:
- Company members must be individuals who have the company's board;
- Turnover during the year can not exceed 70 000 lats;
- Number of employees at the same time is not more than 5 employees.

The micro-enterprises are considered to be both a sole proprietorship and farms, and limited liability companies. In case a company deploys a successful year and its turnover exceeds the amount of 70 000 LVL, there is an additional 20% tax rate part that has exceeded the maximum. For example, if the company's turnover was 100 000 Ls, the excess part of the example is 30 000 is suitable for the 20% tax rate.

A company that wants to be micro-enterprise taxpayer may employ up to 5 employees, each of which can cost up to 500 LVL / month large salary for paying any additional taxes and / or social contributions. In the event an employee's salary is higher than 500 LVL / month applies to an extra 20% tax rate on the wage share, which is over 500 LVL. For example, if the salary is 600 LVL, then an additional 20% rate is applied to LVL 100 or the amount of the excess over the maximum salary. If a situation arises where a micro-business while employing more than 5 persons, the turnover tax is further increased by another 2%. For example, if the company employs 6 people, then mikoruzņēmuma tax will be 11% (9% + 2%). Micro-enterprises tax payment companies should do on a quarterly basis following the previous quarter's sales.
More information can be found in Accounting services.

Information about Visas

 Visas and invitations
A visa is a sticker which is placed in a travel document. Before entry into Latvia a visa must be obtained at Latvian consular missions in foreign countries.
List of countries which citizens may enter the Republic of Latvia without a visa and stay in Latvia for up to 90 days within a six-month period from the day of entry:

- Austria;	- Liechtenstein;
- Belgium;	- Luxemburg;
- Czech Republic;	- Malta;
- Cyprus;	- The Netherlands;
- Denmark;	- Norway;
- Finland;	- Poland;
- France;	- Portugal;
- Germany;	- Slovakia;
- Greece;	- Slovenia;
- Hungary;	- Spain;
- Estonia;	- Sweden;
- Ireland;	- Switzerland;
- Iceland;	- United Kingdom;
- Italy;	- Bulgaria;
- Lithuania;	- Romania.

Citizens from countries which are not mentioned above may enter the Republic of Latvia only with visa.

There are 2 forms of visa: individual visa and group visa.
There are 3 types of visa: single-entry visa, double entry visa and multiple-entry visa.

There are two types of Visa:

  - short term Visa;

  - long term Visa.

Documents required for submitting application of visa

 - valid travel document; - accomplished, signed visa application form and photo; - document copy what confirms that the applicant has a health insurance policy;- documents what confirms the reason for entry and the expected place of residence or invitation letter of approved by the Office of Citizenship and Migration affairs (the invitation is valid for 6 months from the date of approval);

- receipt confirming payment of fees.

 According to the Immigration Law, in order to be able to enter and stay in the Republic of Latvia, a foreigner must prove that one has sufficient financial means.
   The following amounts are required:- if the party extending the invitation provides the foreign national being invited with accommodation, the estimate for the required financial means is 10 LVL a day;- if the foreign national intends to stay at a tourist accommodation, the estimate for the required financial means takes into account the cost of lodging based on the applicable rates, and is at least 30 LVL a day.

 If You need legal services or accounting services, please contact us

 Tel. (371) 29 112 333

 e-mail: info@register-company.lv

www.register-company.lv

Scheme of immigration

  Scheme of emigration to Latvia (European union)

1.      Collection of all necessary information about Latvia, about emigration to Latvia and then taking decision about emigration.

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2.      Signing a contract with register-company.lv about registering a company in Latvia and providing us with documents we need for starting the process of registration Latvian company and emigration to Latvia. Client must provide:

–        Passport for traveling abroad;

–        Home address written in English;

–        Police clearance certificate proving that a client hasn’t committed any crime in his native country;

–        Preferable name for future company;

–        Division of shares in case if it is provided two or more share holders to company.

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3.      Advance payment 50% of the contract.  Then register-company.lv prepares powers of attorney that Client has to sign in Latvian consulate in presence of notary and with their help we start the procedure of registration your company according to Commercial law of Latvia. Some documents must be legalized. For more information see: Legalization of documents.

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4.      After we get documents in one week your Latvian company will be registered and you will get proof that you are its 100% owner board member.

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5.      We prepare pack of documents need for residence permit (including proof of accommodation, company’s registration certificate, and translated necessary documents);

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6.      Scanned copies of all certificates are sent to a client and Client pays remaining 50% of our fees according to contract.

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7.      Originals of all needed documents are sent by currier (DHL or TNT) to a client.

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8. Client applies in Latvian consulate (Latvian embassy) for multiple residence permit with purpose of running business. Residence permit gives right to travel in all Schengen countries (note: UK and Ireland are not part of Schengen).

 

 If You need legal services or accounting services, please contact us

 Tel. (371) 29 112 333

 e-mail: info@register-company.lv

Business in Latvia

Advantages of Latvian company

  Latvia is full member if European Union.

  Incorporating the Latvian company you will get European enterprise. Latvian company has all advantages and possibilities of business in European Union. Latvia is new country and legislation system is more liberal than in other EU countries and process of incorporating Latvian company is much easier, cheaper and also faster. If there will be just one founder, incorporating of company takes just one day.

   Tax benefits

 Tax system in Latvia is one of best and gentle between countries in EU. For example, if you form a company in Latvia, from profit you pay just 15% Corporate Income tax. See tax comparison.

 Value added tax (VAT) 0% is applied to purchase and sale deals between Latvian companies and other EU countries companies. VAT 0% rate is also applied to the various of services provided by Latvian companies to EU companies and from third countries. 

 Dividends you get from activity of Latvian company is non-taxable in case of company's founder is the legal person which is a resident of EU country or European Economic Area.

  Short time registration of a new company

 If there is just one founder of company, registration is just one day from the day when application form is submitted and equity capital is formed. Minimum share capital is 3090 Eur and at least half must be paid up before registration. If there is more than one founder registration is up to 5 days.

  Any foreign person can be a fonder of Latvian company

 There is no restrictions to establish, own or manage Latvian company for non - residents. Owners and managers can be individual persons as well as legal persons.

  Your attendance is not necessary !

 You can form a Latvian company without visiting Latvia. To incorporate and manage your company can person or company authorized by you with Power of attorney. 

  Easier order of entering and residence in EU !

 Latvia is a member of Schengen Agreement. It means that Latvian residence permit allows you to enter and leave the country unlimited number of times during the period residence permit is valid, as well as travel free over the countries of Schengen Agreement (with rights of residence up to 3 months in 6 months period, without working permit in those countries).

 The position of board member or council in Latvian company, status of individual merchant or sole founder of company enables to get the residence permit in Latvia for 1 up to 5 years.  

Please feel free to contact us if you would like to get more information if you need to establish company in Latvia.

 Tel. (371) 29 112 333

 e-mail: info@register-company.lv