Latvia is an attractive country for doing business. Being the EU member, Latvia is an excellent place to enter the EU market for non-residents. Registration and operation costs in Latvia are cheaper than in the rest of Europe. In the meantime, this country offers excellent business environment and competitive taxes at the same level as in other countries.
This article gives you an overview on how to set up a company in Latvia and key points on how your business can benefit from it.
The cost of company incorporation in Latvia is Euro.
The tax system in Latvia is simple. In practice companies incorporated in Latvia can easily manage all taxation issues online. Company taxes in Latvia are applied on the company’s worldwide income. Business taxes are paid in Latvia by Latvian companies, PEs and foreign residents operating in Latvia. Small businesses may enjoy reduced corporation tax rates in Latvia.
As in other jurisdictions, a company in Latvia can be liquidated voluntary and involuntary.