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Some of the greatest benefits of having a Latvian company:
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Great business environment and infrastructure - company establishment and management can all be done remotely with electronic means;
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Competitive tax rates - corporate tax is paid only when profits are distributed, if money is invested further in company's development no corporate tax is paid;Highly reputable jurisdiction globally;
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Safe and stable banking environment - Latvia is well known for it's stable and dynamic banking environment;
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Swift company registration - a Latvian company can be incorporate in 1-3 business days after all registration documents are submitted.
Latvia is a member of the European Union with one of the most friendly tax rates and prices for company establishment in Europe, that allows the company incorporated in Latvia to pursue business activities all around the EU, also Latvian companies are used for purpose of trade with CIS countries:
Corporate Income Tax rate in Latvia is 25%, but, if money is invested in company and dividends are not paid, corporate income tax in Latvia is 0%.
Latvia is a highly respectable jurisdiction worldwide, with great infrastructure of banking, accounting, legal services, IT, and all other means in order to carry out successful business.
Trading within the European Union would mean that Latvian trading company is registered straightforward as VAT payer required for intra-community supplies, sale of goods to the EU is subject to zero-rated VAT, input VAT paid is fully recoverable for the Latvian company.
In case you are a foreigner, company registration in Latvia may also open possibilities to acquire a European Union residence permit, allowing to travel and business across all Schengen countries. Best part of it is that the residency rights by establishing your company also apply to family members.
To incorporate a company in Latvia do not hesitate to contact our company lawyers in Latvia to receive a quotation - info@eulawfirm.eu
Office address: Eksporta iela 12, Riga, LV-1045, Latvia