LV · N 56°57′ · E 24°06′
Latvia
Latvia supports market entry into the EU and the Baltic region through a standard SIA. Corporate income tax is generally triggered on actual or deemed profit distributions, which can suit trading, service, and regional operating businesses that reinvest earnings.
A euro-area base for reinvestment.
Limited liability company, Sabiedrība ar ierobežotu atbildību (SIA)
Talk to an advisorKey points on one page.
- Tax
- 0% on retained profits; 20% on distributed or deemed profits; large groups face a 15% minimum tax.
- Shareholders and directors
- Min. 1 shareholder and 1 director; legal entities may be shareholders; no local-residence requirement.
- Share capital
- Min. share capital EUR 2,800, fully subscribed and paid before filing.
- Local requirements
- A Latvian registered address is required; no statutory local director or secretary requirement.
- Annual maintenance
- File annual financial statements with the SRS; audit applies where size criteria are met.
- Incorporation timeline
- Approx. 1–3 business days after complete filing; non-resident bank KYC is separate.
- Public disclosure
- Shareholder and director data are generally accessible; BO data are public, subject to risk-based restriction.
Facts last checked · 2026-10-23
This page summarises publicly available regulations for general reference only and does not constitute legal or tax advice. Rules in each jurisdiction may change at any time; please confirm the latest position with an Offshore Isle advisor.
02 · Advantages
Why Latvia
- 01EU membership and the euro support European market operations
- 02Non-residents and legal entities can own a standard SIA without a local shareholder
- 03Retained profits are generally not subject to corporate income tax
03 · Requirements
Formation requirements
- Share capital must be fully paid before filing
- Bank account opening is a separate KYC review and is not automatic after incorporation
04 · Compliance
Annual compliance
- File annual financial statements and applicable tax returns through the SRS EDS
- Assess corporate income tax on dividends, non-business expenses, or related-party loans
- Register changes to shareholders, directors, legal address, or beneficial owners promptly
After incorporation, Offshore Isle sets a compliance calendar. We remind you in advance of annual returns, renewals and filings, and handle them on your behalf.
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