Company formation and accounting in Latvia
Here you can read information about minimum costs (state duty, payment for publication, certification of the signature). If you need the services for preparation of documents and legal services during the process of registration, then you will need to pay for the services.

Limited liability company with registered capital of less than 2800 euro (until 01 January 2014, - 2000 lats)

State fee - 20 euro.
Fee for publication in the newspaper Latvijas Vēstnesis - 14,23 euro.
Certification of one signature of founder or member of board of directors - around 40 euro.
Legal services (including receiving, submission of documents and other actual activities) during process of registration - 200 euro.
There may be additional costs *
Total estimated minimal costs (possible additional costs not included) - from 274,23 euro.

Limited liability company with registered capital of 2800 euro and more (until 01 January 2014, - LVL 2000 or more)

State fee - 150 euro.
Fee for publication in the newspaper Latvijas Vēstnesis - 27,03 euro.
Certification of one signature of founder or member of board of directors - about 40 euro.
Legal services (including receiving, submission of documents and other actual activities) during process of registration - 200 euro.
There may be additional costs *
Total estimated minimal costs (possible additional costs not included) - from 417,03 euro.

Joint stock company

State fee - 350 euro.
Fee for publication in the newspaper Latvijas Vēstnesis - 27,03 euro.
Certification of one signature of founder or member of board of directors - about 40 euro.
Legal services (including receiving, submission of documents and other actual activities) during process of registration - 200 euro.
There may be additional costs *
Total estimated minimal costs (possible additional costs not included) - from 617,03 euro.

A branch of a foreign company

State fee - 30 euro.
Fee for publication in the newspaper Latvijas Vēstnesis - 18,50 euro.
Legal services (including receiving, submission of documents and other actual activities) during process of registration - 200 euro.
There may be additional costs *
Total estimated minimal costs (possible additional costs not included) - from 248,50 euro.

A representation of a foreign company

State fee - 28,46 euro.
Legal services (including receiving, submission of documents and other actual activities) during process of registration - 200 euro.
There may be additional costs *
Total estimated minimal costs (possible additional costs not included) - from 228,46 euro.
Register of Enterprises will review the documents and make a decision within 15 days after receipt of the documents.

Registration in the register of payers of value added tax (VAT)

Preparation of documents and legal services during the registration process - from 50 euro.
There is no governmental fee and payment for publication.
The State Revenue Service (SRS) reviews the application and makes a decision within 5 working days after receipt of the application.

* Possible additional costs

Preparation of documents and legal services during the registration process.
An amount of the payment for preparation of documents and legal services depends on the particular situation.
If it is necessary only to prepare documents for registration of limited liability company with equity capital of less than 2,800 euro and send to your email address, then the price of 50 euro.
The price increases, if an amount of the equity capital of the company is 2800 euro and more, if there are more than one founder of a company, if the equity capital is payable by a material contribution (not by money), if during the registration process need to perform other activities (eg, legalization of documents, translation, etc.).

Depending on the circumstances (situation), may need to pay for legalization (or Apostille), translation of documents and certification of a translation before a sworn notary (notary public). For example, if you certify your signature before a sworn notary outside of Latvia and the document is not written in Latvian language.

Also may need to pay bank commissions for transfer of money (payment of governmental fees).

If you need to submit the registration documents to some institution (such as a bank) in a foreign country, then legalization (or Apostille) and translation of the documents may be necessary.

If the registration documents need to send by post, then must pay postage expenses.

There may be costs for providing a legal address in Latvia. If you need a registered address in Latvia, then the price for the year starts from 360 euro. If you have a real estate in Latvia or you rent premises (for example, a flat or a house), then the company’s legal address can be registered in the owned or rented real estate.



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