Latvian company<\/span><\/p>\n<\/div> Latvian company<\/span><\/p>\n<\/div> A Latvia company is an excellent tool to conduct your international business in a tax-efficient manner. This article describes the advantages of using a company in Latvia and the recommended business activities in 2025. Furthermore, the article outlines the registration procedure and other useful information. We trust that the article will help\u00a0you to determine whether a Latvia company may bring value to your business and assist you in the Latvian company formation.<\/p>\n Excellent location.<\/strong>\u00a0The opening of a Latvia company creates an opportunity to trade with both European companies and companies in the Eastern markets. Latvia as a European Union member country provides Latvian companies access to the European Union markets. Latvia\u2019s competitive advantages: convenient geographical position and knowledge of the Russian language and market, provide opportunities to penetrate the Eastern market, as well.<\/p>\n Developed infrastructure<\/strong>. Latvia offers a number of business development centres that include five Free Ports and Special Economic Zones, over 10 business parks located in major cities, regional business incubators etc. The country has good transportation opportunities by sea, road or air and one of the fastest internet in the world, providing excellent connection with abroad.<\/p>\n<\/div><\/div> Tax incentives.<\/strong>\u00a0Latvia has introduced significant tax incentives making Latvia competitive with the other European countries. The new corporate income tax is payable upon the distribution of profits only. Thus retained earnings are not taxed, until kept within the company. The tax rate is 20% of the gross dividends instead of the previous 15 % Latvian corporate income tax. Latvian tax residents pay no tax on the incoming dividends from foreign countries.<\/p>\n Immigration<\/strong>. The operation of a Latvian company allows one to obtain a residence permit in Latvia. This creates an opportunity to do business not only in Latvia but in the whole European Union.<\/p>\n<\/div><\/div> Easy to do business<\/strong>. The company formation process in Latvia is straightforward. The Latvian laws are friendly and provide equal treatment of foreign and local investments. Latvia has a supportive business environment, providing access to a reliable and skilled workforce. Furthermore, Latvia has developed infrastructure in line with international standards and lower business expenses compared with many of the European countries.\u00a0World Bank\u2019s Doing Business Survey 2020<\/a>\u00a0has ranked Latvia as the world\u2019s 21st easiest place to do business.<\/p>\n Simple management.\u00a0<\/strong>A Latvian company could be established with 100% foreign shareholding.\u00a0 Although the company may benefit from partnering with local<\/a>\u00a0entities or individuals, there is no requirement to have a local shareholder for the company. Its management board must have at least one board member who can be a non-resident of Latvia.<\/p>\n Cost savings<\/strong>. The Latvian company formation sometimes provides an opportunity to minimize business administrative costs and streamline business processes. The combination of a favourable tax regime with the holding company structures provides tax-saving opportunities and tax-efficient profit repatriation.<\/p>\n<\/div><\/div><\/div><\/div>Latvian company formation<\/h1>\n
Advantages of a Latvia company<\/h2>\n
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