BACK TO EXPLORER
๐Ÿ‡ฑ๐Ÿ‡ป

Latvia

Europe ยท LV ยท LVA ยท Republic of Latvia
20.00%
CORP TAX
7.0/10
TRUST
3/5
BANKING
1โ€“3 days
SETUP
$2,028
AVG COST

TAXATION

Corporate Tax20.00%
Personal Income Tax33.00%
Capital Gains Tax20.00%
VAT / GST21.00%
Withholding Tax0.00%
Territorial TaxationNo
CFC RulesYes
Tax Treaties63
Transfer PricingYes
Tax-Free ZonesYes
Crypto TaxCapital Gains

FORMATION

Govt Registration Fee$80
Annual Renewal Fee$1, 500
CSP Fee (Low)$500
CSP Fee (High)$2, 000
Annual Maint (Low)$1, 000
Annual Maint (High)$2, 500
Timeline1โ€“3 Days
Online RegistrationYes
Min Directors1
Min Shareholders1
Local DirectorNo
Local SecretaryNo

BANKING & COMPLIANCE

Banking Ease3/5
Privacy Index4
Audit RequiredYes
Annual FilingYes
BO RegisterYes
UBO DisclosureYes
FATCA CompliantYes
AEOI ParticipantYes
Correspondent BankingGood
Crypto RegulationRegulated
Digital BankingMost Major Banks Offer Comprehensive Online And Mobile Banking Services.

SUITABILITY SCORES

Overall Trust7.0/10
Holding Company4/5
Trading Company4/5
IP Holding4/5
Startup4/5
Crypto4/5
Asset Protection3/5
Top IndustriesServices, Transportation, Information Technology, Financial Services, Woodworking, Metalworking, Food Production, Chemicals, Pharmaceuticals
Digital Nomad VisaYes
Residency by IncorpYes
Citizenship by InvestNo

incorporator AI Assessment

AUTOMATED ANALYSIS ยท LATVIA
GOOD

Latvia is a Europe jurisdiction offering moderate corporate tax at 20% with strong reputation (trust score: 6.8/10). Company registration typically takes 5โ€“6 days with formation costs ranging from $500.00 to $2000.00. Banking ease is rated 4/10.

ADVANTAGES
  • +Tax-free zones available for qualifying businesses
  • +Highly suitable for startups and tech companies
  • +Affordable formation costs
DISADVANTAGES
  • โˆ’Challenging banking environment for foreign companies
  • โˆ’May require local presence or registered agent
  • โˆ’Compliance requirements may be complex for foreign entities
BEST FOR
Holding companiesInternational tradingTech startups
RISK FACTORS
Regulatory changes may affect tax and compliance obligationsCurrency exchange risks for non-USD denominated jurisdictions

AI-GENERATED ASSESSMENT ยท NOT LEGAL OR FINANCIAL ADVICE ยท VERIFY WITH QUALIFIED PROFESSIONALS

ENTITY TYPES

Limited Liability Company
SIA
limited

Standard limited liability entity for small and medium businesses.

Timeline: 7โ€“30d
Compliance: medium
Min shareholders: 1
Min directors: 1
HoldingTrading
LAST UPDATED FEB 22, 2026
General Partnership
GP
unlimited

General Partnership structure in Latvia.

Timeline: 3โ€“25d
Compliance: low
Min shareholders: 2
0
Trading
LAST UPDATED FEB 22, 2026
Limited Partnership
LP
mixed

Limited Partnership structure in Latvia.

Timeline: 10โ€“28d
Compliance: low
Min shareholders: 2
0
HoldingTrading
LAST UPDATED FEB 22, 2026

ARTICLES ABOUT LATVIA

Best Incorporation Agents in Latvia (2026 Review) - incorporator guide
CSP ROUNDUP 1 MIN

Best Incorporation Agents in Latvia (2026 Review)

Finding the right incorporation agent in Latvia is crucial for smooth company formation.

Read Article โ†’
Latvia vs Estonia for Business Incorporation: Detailed Comparison - incorporator guide
COMPARISON 1 MIN

Latvia vs Estonia for Business Incorporation: Detailed Comparison

Choosing between Latvia and Estonia for business incorporation requires careful consideration.

Read Article โ†’
Latvia Business Incorporation Guide 2026 - incorporator guide
JURISDICTION GUIDE 2 MIN

Latvia Business Incorporation Guide 2026

Latvia is a Europe jurisdiction offering various opportunities for business incorporation.

Read Article โ†’
JURISDICTION GUIDE 10 MIN

How to Incorporate a Business in Latvia: Complete Guide 2026

Last verified: April 2026 Disclaimer: This guide is for informational purposes only and does not constitute legal, tax, or financial advice. Always consult a qualified professional for your specific situation.

Read Article โ†’
COMPARISON 8 MIN

Latvia SIA vs. Lithuania UAB for Business Incorporation: A Complete 2026 Comparison

Last verified: April 2026 Disclaimer: This guide is for informational purposes only and does not constitute legal, tax, or financial advice. At Incorporator.io, we strive to provide the most accurate and up-to-date information, but regulations can change.

Read Article โ†’
COMPARISON 9 MIN

Latvia SIA vs. Estonia Oรœ: The Ultimate 2026 Comparison for EU Business Incorporation

Last verified: April 2026 This guide is for informational purposes only and does not constitute legal, tax, or financial advice. Always consult a qualified professional for your specific situation. Taxation: Both nations boast a 0% corporate income tax on reinvested profits.

Read Article โ†’
View all articles about Latvia โ†’

INCORPORATION PACKAGES IN LATVIA

SIA Basic Package

$831
FORMATION
$249/yrTotal 1st yr: $1,468 11d
Reg. Address Name Check

SIA Basic Package

$255
FORMATION
$77/yrTotal 1st yr: $770 14d
Reg. Address Name Check

SIA Basic Package

$1,027
FORMATION
$308/yrTotal 1st yr: $1,731 10d
Reg. Address Name Check

SIA Basic Package

$910
FORMATION
$273/yrTotal 1st yr: $1,334 3d
Reg. Address Name Check

SIA Basic Package

$1,929
FORMATION
$579/yrTotal 1st yr: $2,867 8d
Reg. Address Name Check

SIA Basic Package

$1,222
FORMATION
$367/yrTotal 1st yr: $1,780 8d
Reg. Address Name Check

SIA Basic Package

$2,099
FORMATION
$630/yrTotal 1st yr: $2,978 12d
Reg. Address Name Check

SIA Basic Package

$1,377
FORMATION
$413/yrTotal 1st yr: $2,276 13d
Reg. Address Name Check

SIA Basic Package

SIAยทAmicorp Group
$1,464
FORMATION
$439/yrTotal 1st yr: $2,348 14d
Reg. Address Name Check

SIA Basic Package

$3,509
FORMATION
$1,053/yrTotal 1st yr: $4,714 10d
Reg. Address Name Check

WRONG INFORMATION?

Help us keep our jurisdiction data accurate. Submit corrections or suggestions and we'll review them promptly.

SHARE THIS PAGE