Incorporation and administration of Latvian companies

Cost of services incorporation and administration of latvian companies Service descriptionCost
Incorporation of a company / foreign branch or representative office in Latvia (sending of documents)EUR 470
Registered address and postal service for 1 yearEUR 500
Opening a corporate bank account in a Latvian bankFree of charge
Total costEUR 970*
Additional expenses (stamp duty) depend on amount of share capitalEUR 150 / EUR 250
Registered address and postal service for 1 yearEUR 500

* Related expenses (banks’ tariff, notarial services, company registration duties) are to be paid separately: from EUR 150 for companies, from EUR 30 for representative offices. Unless otherwise specified, the prices include Latvian value added tax.

Additional services

Service descriptionCost
“Virtual office” in Latvia:
– local telephone number,
– reception of phone calls by a secretary,
– forwarding information about a phone call to client’s email,
– telephone redirection to any number (to be paid separately: communication provider’s tariff + 20%).
The minimal term of prepayment for this service is 12 months.
EUR 50 per month
Rent of a meeting room (a workplace) in Riga EUR 70 per hour
VAT number  EUR 400
Tax residency certificate (for avoidance of double taxation) EUR 100
Apostille / Legalization of documents EUR 150
EORI number EUR 100
Extract from the Register EUR 80
Company liquidation EUR 500
Maintaining of accounting records upon request
We provide the accounting services through our own accounting department without involvement of intermediaries.

Residence permit in Latvia

Service descriptionCost
Residence permit processing EUR 1500
Residence permit processing for family members (services for renewal of residence permit are free of charge) from 500 to 1000 EUR
Provision of address to declare a place of residence (when necessary) from EUR 360 per year
Annual registration (starting from the second year) from EUR 900

* The government fees are to be paid separately.

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