Latvian Company Formation
Foreign investment is rising strongly and Latvian authorities have taken steps to streamline the regulations governing company formation. Limited Liability companies is the most popular form. LatviaÂ´s corporate tax is 15%, one of the lowest rates in EU. Among the advantages of Latvia, we can find its multi-lingual culture, Latvian, Russian and English are commonly spoken; plus people is very professional and are used to working with both Western and Eastern business cultures. Latvian companies serve as EU bridge for trade between Western and Eastern, âRussian-speakingâ countries.
- Minimum capital share is â¬3090, half of it must be paid-up.
- One director required
- No restrictions of foreign shareholders or directors
- Registered office required
- Visiting Latvia will be recommended, in order to set accounting requirements and open bank account
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