Registering a company in Latvia is a relatively simple process that consists of several important steps. This guide will help you understand how to successfully register your business in Latvia.

1. Choose a company type

Before registering, you need to choose the legal form of your company. The most popular types in Latvia are:

Individual merchant (IK) – suitable for small businesses and self-employed people.
Limited liability company (SIA) – the most common type of limited liability company.
Joint stock company (AS) – for larger companies with the ability to issue shares.
Individual journalist or craftsman – registered with the State Revenue Service (SRS) as a performer of economic activities.

2. Prepare the necessary documents

Depending on the type of company, you will need the following documents:

A memorandum of association and articles of association (in the case of SIA and AS).
Application to the Register of Enterprises.
Information about the legal address.
Bank statement (if required, share capital contribution).

3. Register the company with the Register of Companies

After preparing the documents, they must be submitted to the Register of Companies, which can be done electronically via Latvija.lv or in person. The registration fee depends on the type of company, for example, the registration of an SIA costs approximately 150 EUR.

4. Join the SRS and pay taxes

Once the company is registered, it must be registered with the SRS. You will need to choose the type of tax payment, for example, micro-enterprise tax or general tax regulation.

5. Open a bank account and start operating

Once all the formalities are completed, open a business bank account and start your business!

Conclusion Registering a company in Latvia is quite simple if you follow these steps. Proper documentation and a well-thought-out business plan will help you successfully start operating.