{"id":17574,"date":"2025-08-19T09:30:00","date_gmt":"2025-08-19T09:30:00","guid":{"rendered":"https:\/\/breicis.com\/?page_id=17574"},"modified":"2025-08-29T09:23:44","modified_gmt":"2025-08-29T09:23:44","slug":"how-to-open-a-company-in-latvia","status":"publish","type":"page","link":"https:\/\/breicis.com\/en\/how-to-open-a-company-in-latvia\/","title":{"rendered":"How to open a company in Latvia"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><h1>How to register\u00a0 a company in Latvia: step-by-step guide for 2025<\/h1>\n<\/div><div class=\"fusion-tabs fusion-tabs-1 clean awb-tabs-transition awb-tabs-transition-fade vertical-tabs icon-position-left mobile-mode-accordion\" style=\"--awb-title-border-radius-top-left:0px;--awb-title-border-radius-top-right:0px;--awb-title-border-radius-bottom-right:0px;--awb-title-border-radius-bottom-left:0px;--awb-alignment:start;--awb-inactive-color:#3f3f3f;--awb-background-color:#1e73be;--awb-border-color:#ebeaea;--awb-active-border-color:#1a80b6;--awb-active-border-size:3px;--awb-transition-speed:300ms;\"><div class=\"nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li class=\"active\" role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-c208d74350348053eaf\" aria-selected=\"true\" tabindex=\"0\" id=\"fusion-tab-c208d74350348053eaf\" href=\"#tab-c208d74350348053eaf\"><h4 class=\"fusion-tab-heading\">Overview<\/h4><\/a><\/li><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-8d1ef245f16c98bb8b6\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-8d1ef245f16c98bb8b6\" href=\"#tab-8d1ef245f16c98bb8b6\"><h4 class=\"fusion-tab-heading\">1. Select company' s name<\/h4><\/a><\/li><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-2693a382d83c6267b60\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-2693a382d83c6267b60\" href=\"#tab-2693a382d83c6267b60\"><h4 class=\"fusion-tab-heading\">2. Legal adress<\/h4><\/a><\/li><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-050098d93a05667acc3\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-050098d93a05667acc3\" href=\"#tab-050098d93a05667acc3\"><h4 class=\"fusion-tab-heading\">3. Incorporation documents<\/h4><\/a><\/li><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-0b2958ee97f4e5a1b61\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-0b2958ee97f4e5a1b61\" href=\"#tab-0b2958ee97f4e5a1b61\"><h4 class=\"fusion-tab-heading\">4. Sign documents<\/h4><\/a><\/li><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-8498e79cad31a20ae78\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-8498e79cad31a20ae78\" href=\"#tab-8498e79cad31a20ae78\"><h4 class=\"fusion-tab-heading\">5. Temporary bank account<\/h4><\/a><\/li><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-17abd995533285a0787\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-17abd995533285a0787\" href=\"#tab-17abd995533285a0787\"><h4 class=\"fusion-tab-heading\">6. Share capital<\/h4><\/a><\/li><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-d0142cf885f89acf784\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-d0142cf885f89acf784\" href=\"#tab-d0142cf885f89acf784\"><h4 class=\"fusion-tab-heading\">7. Submit documents<\/h4><\/a><\/li><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-b2f862ae153ddb5e426\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-b2f862ae153ddb5e426\" href=\"#tab-b2f862ae153ddb5e426\"><h4 class=\"fusion-tab-heading\">8. Permanent bank account<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-content\"><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li class=\"active\" role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-c208d74350348053eaf\" aria-selected=\"true\" tabindex=\"0\" id=\"mobile-fusion-tab-c208d74350348053eaf\" href=\"#tab-c208d74350348053eaf\"><h4 class=\"fusion-tab-heading\">Overview<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix in active\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-c208d74350348053eaf\" id=\"tab-c208d74350348053eaf\"><div class=\"awb-tab-pane-inner\">\n<ol class=\"X5LH0c\">\n<li class=\"TrT0Xe\">Step: Select a company name<\/li>\n<li class=\"TrT0Xe\">Step: Find a legal address.<\/li>\n<li class=\"TrT0Xe\">Step: Prepare the necessary incorporation documents<\/li>\n<li class=\"TrT0Xe\">Step:\u00a0 Open a temporary bank account. &#8230;<\/li>\n<li class=\"TrT0Xe\">Step: Transfer share capital<\/li>\n<li>Step: File documents to the\u00a0 Enterprise Registry<\/li>\n<li class=\"TrT0Xe\">Step:\u00a0 Convert temporary bank account into a permanent one<\/li>\n<\/ol>\n<\/div><\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-8d1ef245f16c98bb8b6\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-8d1ef245f16c98bb8b6\" href=\"#tab-8d1ef245f16c98bb8b6\"><h4 class=\"fusion-tab-heading\">1. Select company' s name<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-8d1ef245f16c98bb8b6\" id=\"tab-8d1ef245f16c98bb8b6\"><div class=\"awb-tab-pane-inner\">\n<div id=\"page\" class=\"hfeed site\">\n<header id=\"masthead\" class=\"site-header header-main-layout-1 ast-primary-menu-enabled ast-logo-title-inline ast-hide-custom-menu-mobile ast-builder-menu-toggle-icon ast-mobile-header-inline\">\n<div id=\"ast-desktop-header\" data-toggle-type=\"off-canvas\">\n<div class=\"ast-below-header-wrap \">\n<div class=\"ast-below-header-bar ast-below-header site-header-focus-item\" data-section=\"section-below-header-builder\">\n<div class=\"site-below-header-wrap ast-builder-grid-row-container site-header-focus-item ast-container\" data-section=\"section-below-header-builder\">\n<div class=\"ast-builder-grid-row ast-grid-center-col-layout-only ast-flex ast-grid-center-col-layout\">\n<div class=\"site-header-below-section-center site-header-section ast-flex ast-grid-section-center\">\n<div class=\"ast-builder-menu-1 ast-builder-menu ast-flex ast-builder-menu-1-focus-item ast-builder-layout-element site-header-focus-item\" data-section=\"section-hb-menu-1\">\n<div class=\"ast-main-header-bar-alignment\">\n<div class=\"main-header-bar-navigation\">\n<nav id=\"primary-site-navigation-desktop\" class=\"site-navigation ast-flex-grow-1 navigation-accessibility site-header-focus-item\" aria-label=\"Site Navigation: Primary\">\n<div class=\"main-navigation ast-inline-flex\">\n<h2>Company name<\/h2>\n<p>The \u201cname\u201d or \u201cfirm\u201d refers to the merchant\u2019s <a href=\"https:\/\/taxwise.lv\/registration-of-a-company-in-the-commercial-register-of-latvia\/\">registered\u00a0<\/a>name in the Commercial Register, which is used in business operations, transactions, and official documentation.<\/p>\n<\/div>\n<\/nav>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<div id=\"content\" class=\"site-content\">\n<div class=\"ast-container\">\n<div id=\"primary\" class=\"content-area primary\">\n<article id=\"post-2063\" class=\"post-2063 post type-post status-publish format-standard hentry category-corporate ast-article-single\">\n<div class=\"ast-post-format- ast-no-thumb single-layout-1\">\n<div class=\"entry-content clear\" data-ast-blocks-layout=\"true\">\n<p><strong>Requirements for choosing a name:<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>It must include a reference to the type of merchant\u2014<em>limited liability company<\/em>\u2014or the abbreviation\u00a0<em>SIA<\/em>, placed either at the beginning or end of the name.<\/li>\n<li>The name must use Latvian or Latin alphabet characters.<\/li>\n<li>Numbers may be included.<\/li>\n<li>Common punctuation marks (e.g., periods, commas, colons, quotation marks) are allowed.<\/li>\n<li>The following symbols are\u00a0<strong>not allowed<\/strong>: &amp;, @, %, +, =, or any other special characters.<\/li>\n<li>The name must not contain references to state or municipal institutions, nor use the words\u00a0<em>\u201cState\u201d<\/em>\u00a0or\u00a0<em>\u201clocal government\u201d<\/em>.<\/li>\n<li>The phrases\u00a0<em>\u201cRepublic of Latvia\u201d<\/em>\u00a0or any foreign language equivalents are prohibited.<\/li>\n<li>The name must not misrepresent the business form (e.g., using\u00a0<em>AS<\/em>, etc. if not applicable).<\/li>\n<li>It must not include inappropriate or ambiguous language, or anything that violates public decency.<\/li>\n<li>If the name includes a geographic location (like a municipality or town), it must not exactly match that location\u2019s name. Add distinguishing words, letters, or numbers.<\/li>\n<li>The name cannot match any existing registered trademark or part of one. Check with the Patent Office for registered trademarks.<\/li>\n<li>It must not duplicate the name of any business already registered or pending registration in the Enterprise Register. Differences in punctuation, spacing, or capitalization are not enough to distinguish names.<\/li>\n<\/ul>\n<p><strong>Important:<\/strong>\u00a0Review the name carefully before submission. All submitted documents must display the name\u00a0<strong>exactly as registered<\/strong>.<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<footer id=\"colophon\" class=\"site-footer\">\n<div class=\"site-below-footer-wrap ast-builder-grid-row-container site-footer-focus-item ast-builder-grid-row-3-equal ast-builder-grid-row-tablet-3-equal ast-builder-grid-row-mobile-full ast-footer-row-inline ast-footer-row-tablet-stack ast-footer-row-mobile-stack\" data-section=\"section-below-footer-builder\">\n<div class=\"ast-builder-grid-row-container-inner\">\n<div class=\"ast-builder-footer-grid-columns site-below-footer-inner-wrap ast-builder-grid-row\">\n<div class=\"site-footer-below-section-3 site-footer-section site-footer-section-3\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/footer>\n<\/div>\n<\/div><\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-2693a382d83c6267b60\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-2693a382d83c6267b60\" href=\"#tab-2693a382d83c6267b60\"><h4 class=\"fusion-tab-heading\">2. Legal adress<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-2693a382d83c6267b60\" id=\"tab-2693a382d83c6267b60\"><div class=\"awb-tab-pane-inner\">\n<h2>Legal address<\/h2>\n<p>For\u00a0<a href=\"https:\/\/taxwise.lv\/registration-of-a-company-in-the-commercial-register-of-latvia\/\">company formation in Latvia\u00a0<\/a>the legal address is required. The registered office of a company is the official address listed in the Commercial Register, used for all formal communication. It is the responsibility of the company\u2019s management board to ensure that all correspondence sent to this address is properly received.<\/p>\n<p><strong>Requirements for registering the official address:<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>The registered office must match the address recorded in the State Address Register. This can be verified using the kadastrs.lv Information System.<\/li>\n<li>The address must refer to a specific building or unit (such as an apartment); it cannot be solely a land property.<\/li>\n<li>If the property includes multiple units, the exact unit number for the registered office must be specified.<\/li>\n<li>The application must confirm that the company is accessible at the address and has a legal right to operate there.<\/li>\n<li>If the building does not have assigned unit numbers, the application must include the cadastre designation of the building.<\/li>\n<li>If the office is located in a numbered room within the building, the cadastre designation of that specific room must be provided.<\/li>\n<li>If the building contains both numbered and unnumbered spaces, and the office is in an unnumbered non-residential area, the cadastre designation of that specific room must be stated.<\/li>\n<\/ul>\n<p>Details about the cadastre designation of a property (such as a building, apartment, or premises) can be found in the Cadastre Information System at\u00a0<a class=\"\" href=\"http:\/\/www.kadastrs.lv\/\">www.kadastrs.lv<\/a>.<\/p>\n<\/div><\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-050098d93a05667acc3\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-050098d93a05667acc3\" href=\"#tab-050098d93a05667acc3\"><h4 class=\"fusion-tab-heading\">3. Incorporation documents<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-050098d93a05667acc3\" id=\"tab-050098d93a05667acc3\"><div class=\"awb-tab-pane-inner\">\n<h2 data-start=\"230\" data-end=\"281\">Draft required company registration documents<\/h2>\n<p>The required docuents for the company in Latvia registration are as follows:<\/p>\n<h3><strong data-start=\"237\" data-end=\"281\">1. Registration Application Form (Form KR4)<\/strong><\/h3>\n<ul data-start=\"282\" data-end=\"575\">\n<li data-start=\"282\" data-end=\"394\">\n<p data-start=\"284\" data-end=\"394\">The foundational document to initiate the registration process with the Latvian Enterprise Register (Commercial).<\/p>\n<\/li>\n<li data-start=\"395\" data-end=\"575\">\n<p data-start=\"397\" data-end=\"575\">Must include signatures that are either <strong data-start=\"437\" data-end=\"450\">notarized<\/strong> or electronically signed using a <strong data-start=\"484\" data-end=\"536\">Qualified Electronic Signature (QES\/e-signature)<\/strong>.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"397\" data-end=\"575\">2. <strong data-start=\"584\" data-end=\"641\">Decision on Establishment \/ Memorandum of Association<\/strong><\/h3>\n<ul data-start=\"642\" data-end=\"843\">\n<li data-start=\"642\" data-end=\"729\">\n<p data-start=\"644\" data-end=\"729\">If there is a single founder, a simple \u201cdecision on establishment\u201d is sufficient.<\/p>\n<\/li>\n<li data-start=\"730\" data-end=\"843\">\n<p data-start=\"732\" data-end=\"843\">If multiple founders, a formal establishment agreement is needed.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"845\" data-end=\"900\">3. <strong data-start=\"852\" data-end=\"900\">Articles of Association (Statutes \/ Charter)<\/strong><\/h3>\n<ul data-start=\"901\" data-end=\"1027\">\n<li data-start=\"901\" data-end=\"953\">\n<p data-start=\"903\" data-end=\"953\">The charter outlining company rules and structure.<\/p>\n<\/li>\n<li data-start=\"954\" data-end=\"1027\">\n<p data-start=\"956\" data-end=\"1027\">Must be signed by the founder(s).<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1029\" data-end=\"1070\">4. <strong data-start=\"1036\" data-end=\"1070\">Proof of Share Capital Payment<\/strong><\/h3>\n<ul data-start=\"1071\" data-end=\"1392\">\n<li data-start=\"1071\" data-end=\"1276\">\n<p data-start=\"1073\" data-end=\"1276\"><strong data-start=\"1073\" data-end=\"1099\">For cash contributions<\/strong>: a statement from a bank or financial institution confirming that the share capital has been paid into a temporary company bank account.<\/p>\n<\/li>\n<li data-start=\"1277\" data-end=\"1392\">\n<p data-start=\"1279\" data-end=\"1392\"><strong data-start=\"1279\" data-end=\"1308\">For in-kind contributions<\/strong>: a valuation report by a certified appraiser.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1394\" data-end=\"1454\">5. <strong data-start=\"1401\" data-end=\"1454\">Shareholders\u2019 Register\u00a0<\/strong><\/h3>\n<ul data-start=\"1455\" data-end=\"1605\">\n<li data-start=\"1455\" data-end=\"1510\">\n<p data-start=\"1457\" data-end=\"1510\">A document listing all shareholders and their shares.<\/p>\n<\/li>\n<li data-start=\"1511\" data-end=\"1605\">\n<p data-start=\"1513\" data-end=\"1605\">Signatures must be notarized or electronically signed.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1607\" data-end=\"1641\">6. <strong data-start=\"1614\" data-end=\"1641\">Consents to Hold Office<\/strong><\/h3>\n<ul data-start=\"1642\" data-end=\"1977\">\n<li data-start=\"1642\" data-end=\"1811\">\n<p data-start=\"1644\" data-end=\"1811\"><strong data-start=\"1644\" data-end=\"1664\">Management Board<\/strong>: Each board member must sign a consent to take on the role (unless it&#8217;s already included in the KR4 form).<\/p>\n<\/li>\n<li data-start=\"1812\" data-end=\"1977\">\n<p data-start=\"1814\" data-end=\"1977\"><strong data-start=\"1814\" data-end=\"1841\">Council (if applicable)<\/strong>: If the company establishes a supervisory council, each of its members must also provide consent.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1979\" data-end=\"2018\">7. <strong data-start=\"1986\" data-end=\"2018\">Registered Address Statement<\/strong><\/h3>\n<ul data-start=\"2019\" data-end=\"2391\">\n<li data-start=\"2019\" data-end=\"2143\">\n<p data-start=\"2021\" data-end=\"2143\">A statement from the management board confirming the company\u2019s legal address and that the business can be contacted there.<\/p>\n<\/li>\n<li data-start=\"2144\" data-end=\"2236\">\n<p data-start=\"2146\" data-end=\"2236\">Should include the cadastral number of the premises.<\/p>\n<\/li>\n<li data-start=\"2237\" data-end=\"2391\">\n<p data-start=\"2239\" data-end=\"2391\">If the property is not owned by the company\/founders, a <strong data-start=\"2295\" data-end=\"2330\">consent from the property owner<\/strong> must also be included.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"2393\" data-end=\"2446\">8. <strong data-start=\"2400\" data-end=\"2446\">Proof of State Fee and Publication Payment<\/strong><\/h3>\n<ul data-start=\"2447\" data-end=\"2658\">\n<li data-start=\"2447\" data-end=\"2658\">\n<p data-start=\"2449\" data-end=\"2658\">Registration incurs a <strong data-start=\"2471\" data-end=\"2489\">state duty fee<\/strong>, and companies must also pay a <strong data-start=\"2521\" data-end=\"2540\">publication fee<\/strong> for announcing the registration in the official Gazette (Latvijas V\u0113stnesis).<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"2660\" data-end=\"2697\">9. <strong data-start=\"2667\" data-end=\"2697\">Optional: VAT Registration<\/strong><\/h3>\n<ul data-start=\"2698\" data-end=\"2862\">\n<li data-start=\"2698\" data-end=\"2862\">\n<p data-start=\"2700\" data-end=\"2862\">If desired, the company can simultaneously apply to be registered as a <strong data-start=\"2771\" data-end=\"2784\">VAT payer<\/strong> with the State Revenue Service (SRS).<\/p>\n<\/li>\n<\/ul>\n<\/div><\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-0b2958ee97f4e5a1b61\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-0b2958ee97f4e5a1b61\" href=\"#tab-0b2958ee97f4e5a1b61\"><h4 class=\"fusion-tab-heading\">4. Sign documents<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-0b2958ee97f4e5a1b61\" id=\"tab-0b2958ee97f4e5a1b61\"><div class=\"awb-tab-pane-inner\">\n<h2 data-start=\"230\" data-end=\"261\">Choose the preferred signing method<\/h2>\n<h3 data-start=\"230\" data-end=\"261\">1. <strong data-start=\"236\" data-end=\"261\">For Latvian Residents<\/strong><\/h3>\n<p data-start=\"262\" data-end=\"350\">Latvian residents can use <strong data-start=\"288\" data-end=\"321\">local digital signature tools<\/strong> or traditional notarization.<\/p>\n<ul>\n<li data-start=\"354\" data-end=\"408\"><strong data-start=\"354\" data-end=\"408\">\u00a0Qualified Electronic Signature (QES \/ e-signature) is p<\/strong>rovided by Latvian state services (e.g., <em data-start=\"455\" data-end=\"473\">eParaksts mobile<\/em>, ID card with a chip). It is fully recognized by the <strong data-start=\"525\" data-end=\"548\">Enterprise Register<\/strong>\u00a0 and allows documents to be signed and submitted entirely online through the UR portal.<\/li>\n<li><strong data-start=\"720\" data-end=\"764\">In-person notarization (less common now). <\/strong>Resident founders can also sign documents before a <strong data-start=\"820\" data-end=\"838\">Latvian notary<\/strong>, who then certifies the signature.<\/li>\n<li style=\"list-style-type: none;\"><\/li>\n<\/ul>\n<h3 data-start=\"948\" data-end=\"982\">2. <strong data-start=\"954\" data-end=\"982\">For EU\/EEA Non-Residents<\/strong><\/h3>\n<ul data-start=\"1055\" data-end=\"1808\">\n<li data-start=\"1055\" data-end=\"1385\">\n<p data-start=\"1057\" data-end=\"1110\"><strong data-start=\"1057\" data-end=\"1110\">EU eIDAS-complia<\/strong><strong data-start=\"1057\" data-end=\"1110\">nt Qualified Electronic Signature. <\/strong>If the non-resident has a <strong data-start=\"1141\" data-end=\"1181\">QES issued in another EU\/EEA country<\/strong>, it is legally recognized in Latvia.Example: Estonian <em data-start=\"1241\" data-end=\"1251\">Smart-ID<\/em> (QES version), Lithuanian <em data-start=\"1278\" data-end=\"1289\">Mobile-ID<\/em>, or EU-wide QES providers.<\/p>\n<\/li>\n<li data-start=\"1387\" data-end=\"1808\">\n<p data-start=\"1389\" data-end=\"1433\"><strong data-start=\"1389\" data-end=\"1433\">Notarization in home country + Apostille<\/strong><\/p>\n<ul data-start=\"1436\" data-end=\"1808\">\n<li data-start=\"1436\" data-end=\"1545\">\n<p data-start=\"1438\" data-end=\"1545\">If the non-resident cannot use a recognized QES, documents must be signed before a notary in their country.<\/p>\n<\/li>\n<li data-start=\"1548\" data-end=\"1697\">\n<p data-start=\"1550\" data-end=\"1697\">The notary-certified documents then need an <strong data-start=\"1594\" data-end=\"1607\">apostille<\/strong> (or consular legalization, if the country is not part of the Hague Apostille Convention).<\/p>\n<\/li>\n<li data-start=\"1700\" data-end=\"1808\">\n<p data-start=\"1702\" data-end=\"1808\">After apostille\/legalization, the documents must be <strong data-start=\"1754\" data-end=\"1781\">translated into Latvian<\/strong> by a certified translator.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3 data-start=\"1815\" data-end=\"1853\">3. <strong data-start=\"1821\" data-end=\"1853\">For Non-EU\/EEA Non-Residents<\/strong><\/h3>\n<p data-start=\"1854\" data-end=\"1954\">Here the process is stricter, since their e-signatures are usually <strong data-start=\"1921\" data-end=\"1928\">not<\/strong> recognized automatically.<\/p>\n<ul data-start=\"1956\" data-end=\"2568\">\n<li data-start=\"1956\" data-end=\"2305\">\n<p data-start=\"1958\" data-end=\"2014\"><strong data-start=\"1958\" data-end=\"2014\">Option A: Apostilled \/ Legalized Notarized Documents<\/strong><\/p>\n<ul data-start=\"2017\" data-end=\"2305\">\n<li data-start=\"2017\" data-end=\"2070\">\n<p data-start=\"2019\" data-end=\"2070\">Sign documents before a notary in the home country.<\/p>\n<\/li>\n<li data-start=\"2073\" data-end=\"2185\">\n<p data-start=\"2075\" data-end=\"2185\">Have them <strong data-start=\"2085\" data-end=\"2099\">apostilled<\/strong> (if the country is in the Hague Apostille Convention) or <strong data-start=\"2157\" data-end=\"2170\">legalized<\/strong> via consulate.<\/p>\n<\/li>\n<li data-start=\"2188\" data-end=\"2233\">\n<p data-start=\"2190\" data-end=\"2233\">Translate into Latvian (sworn translation).<\/p>\n<\/li>\n<li data-start=\"2236\" data-end=\"2305\">\n<p data-start=\"2238\" data-end=\"2305\">Submit to the Enterprise Register (physically or scanned\/uploaded).<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"2307\" data-end=\"2568\">\n<p data-start=\"2309\" data-end=\"2351\"><strong data-start=\"2309\" data-end=\"2351\">Option B: Obtain a Latvian e-Signature<\/strong><\/p>\n<ul data-start=\"2354\" data-end=\"2568\">\n<li data-start=\"2354\" data-end=\"2499\">\n<p data-start=\"2356\" data-end=\"2499\">Non-residents can apply for a <strong data-start=\"2386\" data-end=\"2406\">Latvian eID card<\/strong> (if eligible, e.g., through residence permit) or use commercial EU-recognized QES providers.<\/p>\n<\/li>\n<li data-start=\"2502\" data-end=\"2568\">\n<p data-start=\"2504\" data-end=\"2568\">Once issued, this allows them to sign and register fully online.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3 data-start=\"2575\" data-end=\"2637\">4. <strong data-start=\"2581\" data-end=\"2637\">Special Case: Corporate Founders (Foreign Companies)<\/strong><\/h3>\n<p data-start=\"2638\" data-end=\"2680\">If a <strong data-start=\"2643\" data-end=\"2662\">foreign company<\/strong> is a shareholder:<\/p>\n<ul data-start=\"2681\" data-end=\"2941\">\n<li data-start=\"2681\" data-end=\"2844\">\n<p data-start=\"2683\" data-end=\"2844\">The company documents (certificate of incorporation, articles, power of attorney, etc.) must be <strong data-start=\"2779\" data-end=\"2830\">notarized, apostilled\/legalized, and translated<\/strong> into Latvian.<\/p>\n<\/li>\n<li data-start=\"2845\" data-end=\"2941\">\n<p data-start=\"2847\" data-end=\"2941\">A legal representative of the company (often via power of attorney) signs the KR4 application.<\/p>\n<\/li>\n<\/ul>\n<\/div><\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-8498e79cad31a20ae78\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-8498e79cad31a20ae78\" href=\"#tab-8498e79cad31a20ae78\"><h4 class=\"fusion-tab-heading\">5. Temporary bank account<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-8498e79cad31a20ae78\" id=\"tab-8498e79cad31a20ae78\"><div class=\"awb-tab-pane-inner\">\n<h2 data-start=\"231\" data-end=\"495\">Open a temporary bank account<\/h2>\n<p data-start=\"231\" data-end=\"495\">A temporary bank account is required for depositing the initial share capital of a company (most often for an SIA \u2013 limited liability company). Proof of this deposit must be submitted to the Latvian Enterprise Register (UR) to complete incorporation.<\/p>\n<ol>\n<li data-start=\"516\" data-end=\"535\">\n<h3><strong data-start=\"516\" data-end=\"533\">Choose a Bank. <\/strong><\/h3>\n<\/li>\n<\/ol>\n<p>Temporary accounts can be opened with Latvian commercial banks (e.g., Swedbank, SEB, Luminor, Citadele), some banks require prior compliance checks (KYC \u2013 Know Your Customer).<\/p>\n<ol>\n<li data-start=\"730\" data-end=\"756\">Submit Documentation:\n<ul data-start=\"760\" data-end=\"1124\">\n<li data-start=\"760\" data-end=\"861\">\n<p data-start=\"762\" data-end=\"861\"><strong data-start=\"762\" data-end=\"815\">Draft Articles of Association \/ Founding Decision<\/strong> (to prove intent to establish the company).<\/p>\n<\/li>\n<li data-start=\"865\" data-end=\"935\">\n<p data-start=\"867\" data-end=\"935\"><strong data-start=\"867\" data-end=\"895\">Identification documents<\/strong> of the founder(s) (passport\/ID card).<\/p>\n<\/li>\n<li data-start=\"939\" data-end=\"986\">\n<p data-start=\"941\" data-end=\"986\"><strong data-start=\"941\" data-end=\"961\">Proof of address<\/strong> (sometimes requested).<\/p>\n<\/li>\n<li data-start=\"990\" data-end=\"1124\">\n<p data-start=\"992\" data-end=\"1124\">If a <strong data-start=\"997\" data-end=\"1016\">foreign founder<\/strong>: notarized\/apostilled company documents and power of attorney (if representative is opening the account).<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"1126\" data-end=\"1368\">\n<p data-start=\"1129\" data-end=\"1156\"><strong data-start=\"1129\" data-end=\"1154\">Deposit Share Capital<\/strong><\/p>\n<ul data-start=\"1160\" data-end=\"1368\">\n<li data-start=\"1160\" data-end=\"1257\">\n<p data-start=\"1162\" data-end=\"1257\">Minimum share capital for a standard SIA: <strong data-start=\"1204\" data-end=\"1214\">\u20ac2,800<\/strong> (can be less for a \u201csmall capital\u201d SIA).<\/p>\n<\/li>\n<li data-start=\"1261\" data-end=\"1368\">\n<p data-start=\"1263\" data-end=\"1368\">Bank issues a <strong data-start=\"1277\" data-end=\"1314\">statement\/confirmation of deposit<\/strong>. This must be submitted to the Enterprise Register.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"1370\" data-end=\"1632\">\n<p data-start=\"1373\" data-end=\"1403\"><strong data-start=\"1373\" data-end=\"1401\">Use During Incorporation<\/strong><\/p>\n<ul data-start=\"1407\" data-end=\"1632\">\n<li data-start=\"1407\" data-end=\"1503\">\n<p data-start=\"1409\" data-end=\"1503\">The account is <strong data-start=\"1424\" data-end=\"1435\">blocked<\/strong> until company registration is finalized (only deposits possible).<\/p>\n<\/li>\n<li data-start=\"1507\" data-end=\"1632\">\n<p data-start=\"1509\" data-end=\"1632\">After the company is officially registered, the account becomes a <strong data-start=\"1575\" data-end=\"1603\">regular business account<\/strong>, allowing full operations.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"1634\" data-end=\"1867\">\n<p data-start=\"1637\" data-end=\"1651\"><strong data-start=\"1637\" data-end=\"1649\">Timeline<\/strong><\/p>\n<ul data-start=\"1655\" data-end=\"1867\">\n<li data-start=\"1655\" data-end=\"1760\">\n<p data-start=\"1657\" data-end=\"1760\">Opening a temporary account usually takes <strong data-start=\"1699\" data-end=\"1720\">1\u20133 business days<\/strong>, depending on bank compliance checks.<\/p>\n<\/li>\n<li data-start=\"1764\" data-end=\"1867\">\n<p data-start=\"1766\" data-end=\"1867\">Some banks may take longer for <strong data-start=\"1797\" data-end=\"1822\">non-resident founders<\/strong> due to AML (anti-money laundering) checks.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<ul data-start=\"1880\" data-end=\"2243\">\n<li data-start=\"1880\" data-end=\"1978\"><\/li>\n<\/ul>\n<p data-start=\"1882\" data-end=\"1978\">Some banks are stricter with <strong data-start=\"1911\" data-end=\"1934\">non-EU\/EEA founders<\/strong> and may require additional due diligence. For faster processing, ensure all documents are <strong data-start=\"2029\" data-end=\"2090\">properly notarized\/apostilled and translated into Latvian<\/strong> (if applicable).<\/p>\n<\/div><\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-17abd995533285a0787\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-17abd995533285a0787\" href=\"#tab-17abd995533285a0787\"><h4 class=\"fusion-tab-heading\">6. Share capital<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-17abd995533285a0787\" id=\"tab-17abd995533285a0787\"><div class=\"awb-tab-pane-inner\">\n<h2 class=\"wp-block-heading\">Share capital<\/h2>\n<p>Share capital refers to the monetary and non-monetary assets, valued in euros, that are invested into a capital company to initiate and sustain its operations.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Key Requirements:<\/strong><\/h3>\n<ul class=\"wp-block-list\">\n<li>The share capital must be denominated in euros.<\/li>\n<li>The minimum nominal value of a share is one cent.<\/li>\n<li>The minimum required share capital is\u00a0<strong>EUR 2,800<\/strong>.<\/li>\n<li>Share capital must be contributed by the founders, either in cash or as a non-cash (in-kind) contribution.<\/li>\n<li>The full amount of the share capital must be paid before submitting the company\u00a0<a href=\"https:\/\/taxwise.lv\/registration-of-a-company-in-the-commercial-register-of-latvia\/\">registration\u00a0<\/a>application.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\"><strong>Cash Contributions:<\/strong><\/h3>\n<ul class=\"wp-block-list\">\n<li>Founders must open a bank account in the name of the company being established.<\/li>\n<li>They must deposit the capital into this account and obtain a statement from the bank addressed to the Commercial Register Authority, or another official document from the bank confirming the paid-up capital.<\/li>\n<li>If the contribution is made through a payment service provider, the same steps apply\u2014opening an account in the company\u2019s name, making the deposit, and receiving confirmation from the provider.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\"><strong>Non-Cash (In-Kind) Contributions:<\/strong><\/h2>\n<ul class=\"wp-block-list\">\n<li>If any part of the equity capital is provided as a non-cash contribution, its value must be assessed in accordance with\u00a0<strong>Section 154 of the Commercial Law<\/strong>.<\/li>\n<li>The contribution must be evaluated by a certified evaluator listed in the official register. The evaluator\u00a0<strong>must not be<\/strong>\u00a0a relative of the property owner up to the third degree, a spouse, or an in-law up to the second degree, nor have any vested interest in the property.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\"><strong>Simplified Valuation for Small Contributions:<\/strong><\/h2>\n<ul class=\"wp-block-list\">\n<li>If, when forming a limited liability company, the total value of non-cash contributions does not exceed\u00a0<strong>EUR 5,700<\/strong>\u00a0and these contributions make up less than half of the company\u2019s share capital, the founders themselves may assess the value.<\/li>\n<li>In such cases, all founders must sign the valuation opinion.<\/li>\n<\/ul>\n<\/div><\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-d0142cf885f89acf784\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-d0142cf885f89acf784\" href=\"#tab-d0142cf885f89acf784\"><h4 class=\"fusion-tab-heading\">7. Submit documents<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-d0142cf885f89acf784\" id=\"tab-d0142cf885f89acf784\"><div class=\"awb-tab-pane-inner\">\n<h2 data-start=\"148\" data-end=\"823\">How to submit the documents to the Enterprise Register<\/h2>\n<p data-start=\"148\" data-end=\"823\">Documents for company registration in Latvia may be submitted to the Enterprise Register in several ways.<\/p>\n<p data-start=\"148\" data-end=\"823\">The most efficient method is electronic submission through the Enterprise Register\u2019s e-service portal or by email. In this case, all documents must be signed with a Qualified Electronic Signature (QES). Latvian residents typically use the national eParaksts mobile or ID card, while EU residents can use any eIDAS-recognized electronic signature, such as Estonian Smart-ID QES or Lithuanian Mobile-ID. This method is the fastest and most cost-effective, as it avoids notarization and courier costs, with processing usually completed within one to three business days.<\/p>\n<p data-start=\"825\" data-end=\"1288\">Documents may also be submitted by post or courier to the Enterprise Register office. When using this method, documents must contain notarized signatures if they are not electronically signed. Foreign documents require an apostille or legalization, as well as a certified translation into Latvian. Postal submissions naturally take longer due to delivery times, although courier services are recommended for international submissions to ensure safety and speed.<\/p>\n<p data-start=\"1290\" data-end=\"1691\">Another option is in-person submission. Paper documents can be delivered directly to the Enterprise Register\u2019s central office in Riga. This requires original signed documents, with notarization if applicable, and the applicant or an authorized representative must present identification. The advantage of this method is immediate confirmation of receipt, but it requires physical presence in Latvia.<\/p>\n<p data-start=\"1693\" data-end=\"2081\">For non-residents who cannot use Latvian electronic signature tools, a practical solution is submission through a Latvian notary The notary can prepare and electronically submit documents directly to the Enterprise Register, ensuring that all formalities such as translation, apostille, and certification are properly completed. This option is reliable but comes with additional costs.<\/p>\n<p data-start=\"2083\" data-end=\"2610\">Finally, it is possible to submit documents via an authorized representative, such as a lawyer, notary, or business service provider. In this case, the founders grant a power of attorney, which must be notarized and apostilled or legalized if issued abroad. The representative may then choose the most suitable method of submission\u2014electronically, by post, or in person. This solution is particularly convenient for foreign founders who wish to avoid traveling to Latvia, especially when the shareholder is a foreign company.<\/p>\n<p data-start=\"2612\" data-end=\"2918\">In short, Latvian residents usually opt for electronic submission with eParaksts, EU and EEA residents can use their own qualified electronic signature under eIDAS, and non-EU residents most often proceed with notarized and apostilled documents by post, courier, or via a local authorized representative.<\/p>\n<\/div><\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs\" role=\"tablist\" aria-orientation=\"vertical\"><li  role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-b2f862ae153ddb5e426\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-b2f862ae153ddb5e426\" href=\"#tab-b2f862ae153ddb5e426\"><h4 class=\"fusion-tab-heading\">8. Permanent bank account<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-b2f862ae153ddb5e426\" id=\"tab-b2f862ae153ddb5e426\"><div class=\"awb-tab-pane-inner\">\n<h2 data-start=\"714\" data-end=\"742\">Transform the termporary account into permanent one<\/h2>\n<p data-start=\"714\" data-end=\"742\">The process is as follows:<\/p>\n<ol data-start=\"744\" data-end=\"2240\">\n<li data-start=\"744\" data-end=\"954\">\n<p data-start=\"747\" data-end=\"954\"><strong data-start=\"747\" data-end=\"786\">Obtain the Registration Certificate<\/strong><br data-start=\"786\" data-end=\"789\" \/>After the Enterprise Register approves the incorporation, the company receives an official registration certificate and is entered into the Commercial Register.<\/p>\n<\/li>\n<li data-start=\"956\" data-end=\"1463\">\n<p data-start=\"959\" data-end=\"1077\"><strong data-start=\"959\" data-end=\"992\">Provide Documents to the Bank<\/strong><br data-start=\"992\" data-end=\"995\" \/>The founder or company representative must present the following to the bank:<\/p>\n<ul data-start=\"1081\" data-end=\"1463\">\n<li data-start=\"1081\" data-end=\"1157\">\n<p data-start=\"1083\" data-end=\"1157\">The <strong data-start=\"1087\" data-end=\"1122\">Enterprise Register certificate<\/strong> (confirmation of incorporation).<\/p>\n<\/li>\n<li data-start=\"1161\" data-end=\"1236\">\n<p data-start=\"1163\" data-end=\"1236\">A copy of the <strong data-start=\"1177\" data-end=\"1204\">Articles of Association<\/strong> or Memorandum of Association.<\/p>\n<\/li>\n<li data-start=\"1240\" data-end=\"1328\">\n<p data-start=\"1242\" data-end=\"1328\"><strong data-start=\"1242\" data-end=\"1270\">Identification documents<\/strong> of the company\u2019s legal representatives (board members).<\/p>\n<\/li>\n<li data-start=\"1332\" data-end=\"1463\">\n<p data-start=\"1334\" data-end=\"1463\">In some cases, <strong data-start=\"1349\" data-end=\"1369\">proof of address<\/strong> or additional KYC\/AML documentation (especially if non-resident shareholders are involved).<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"1465\" data-end=\"1776\">\n<p data-start=\"1468\" data-end=\"1776\"><strong data-start=\"1468\" data-end=\"1494\">Bank Compliance Review<\/strong><br data-start=\"1494\" data-end=\"1497\" \/>The bank performs a standard compliance check on the new company. This may involve questions about the intended business activity, source of funds, and expected transactions. For non-resident founders or businesses in higher-risk industries, the review may be more detailed.<\/p>\n<\/li>\n<li data-start=\"1778\" data-end=\"2052\">\n<p data-start=\"1781\" data-end=\"2052\"><strong data-start=\"1781\" data-end=\"1810\">Activation of the Account<\/strong><br data-start=\"1810\" data-end=\"1813\" \/>After approval, the temporary account is converted into a <strong data-start=\"1874\" data-end=\"1920\">fully operational business current account<\/strong>. The company can then make and receive payments, set up internet banking, order debit cards, and use additional banking services.<\/p>\n<\/li>\n<li data-start=\"2054\" data-end=\"2240\">\n<p data-start=\"2057\" data-end=\"2240\"><strong data-start=\"2057\" data-end=\"2070\">Timeframe<\/strong><br data-start=\"2070\" data-end=\"2073\" \/>The conversion usually takes <strong data-start=\"2105\" data-end=\"2128\">a few business days<\/strong>, though it may be longer if the bank requires additional due diligence, especially for non-resident founders.<\/p>\n<\/li>\n<\/ol>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-17574","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to open a company in Latvia - 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