Why do business in Latvia?
Latvia provides a strategic location for business operations targeting developed economies of the EU and emerging markets of eastern neighbours.
Latvia is an EU country, a member of Schengen and an active participant of the World Trade Organization.
Latvia’s workforce is ranked in the top five in the world in terms of university students per capita.
Latvia has one of the fastest telecommunications infrastructures in the world.
Latvia’s position in the global market offers investors both opportunity and stability.
Latvia offers significant cost advantages to investors.
Latvia`s tax system has been recognized as 2nd most competitive in the world.
How to set up a business in Latvia
Select a name and decide on the type of business – individual merchant, Limited Liability Company, joint-stock company, partnership, branch and representative office. For more information on the types of business click here:
https://investinlatvia.org/en/useful-information/why-invest/starting-your-business
Set up a bank account. You can find a list of banks in Latvia here:
http://www.fktk.lv/en/market/credit-institutions/banks1.html
Register your company in the Commercial Register. More information available here:
All the documents for registering a company will have to be submitted in Latvian.
Register as tax payer at the State Revenue Service:
More information about the investment environment in Latvia:
More information on taxes, intellectual property rights, sectors and industries, regulation on competition, mergers and acquisitions is available here: