Welcome to Demire Inc LV

SIA Demire Inc LV offer company formation services in Latvia, ready made company, VAT registered readymade firm in Latvia, liquidation (voluntary dissolution) of Latvian companies, documents legalization (Apostille), accounting and bookkeeping services, virtual office in Latvia, as well residence permit services in Latvia.

Legal entity incorporation in Latvia

Latvia is Baltic country member of EU and The World Trade Organization based on appropriate standards, also on EU law, national law and valid international acts and agreements.

Legal entity in Latvia excellent mediate between EU and CIS countries, has following advantages:

  • Business support by Latvia government, loyal taxation system;
  • Latvia has double-taxation agreements with all EU counties, also with CIS and other countries;
  • The absence of import, export and currency control;
  • Existence of special economic areas, seaports;
  • Latvia is not offshore jurisdiction.

COMPANY TYPES

Latvia offers following legal entities for making business:

  1. Limited Liability Company (SIA);
  2. Joint-stock company;
  3. An individual merchant;
  4. The European company;
  5. A sole proprietorship.

INCORPORATION PROCESS

Client require to submit following details for successful Legal entity incorporation in Latvia:

  • Preferred Legal entity name (allowed only Latvian or Latin characters, Legal entity name must be unique and include a type of the Legal entity, for example SIA);
  • Details of Legal entity shareholders and members of the Board;
  • Information of authorized share capital;

Legal entity incorporation process takes up to 5 working days, but if you want to proceed with expedited Legal entity incorporation which takes 2 working days, you require to pay 450 € (for companies with authorized share capital more than 2800 €) and 200 € (for companies with authorized share capital less than 2800 €).

Requirements to establish Legal entity in Latvia (SIA, AS)

REQUIREMENTS FOR SHAREHOLDERS

Shareholder can be physical or corporate body with any residence.

REQUIREMENTS FOR MEMBER OF THE BOARD

Member of the Board can be only physical person resident of any country.

REQUIREMENTS FOR AUTHORIZED SHARE CAPITAL

The minimum required share capital by Latvian government for Legal entity incorporation is from 1 to 2800 €. Minimum 50% of share capital amount must be credited to the Legal entity bank account before submission of Legal entity incorporation application. Rest amount must be paid during first year started from Legal entity incorporation date.

REQUIRED DOCUMENTS

It is required to provide certified passport copy, also legalized and notarized power off attorney (translated to Latvian language), which allow to proceed with Legal entity incorporation.

Taxes in Latvia

Corporate tax – 15%, except branches.

Capital gains - 0% for foreign companies, except offshore jurisdictions

Income dividends - 0% for foreign companies, except offshore jurisdictions

WITHHOLD TAXES

In Royalty tax – 0% for the Latvian legal entities, foreign companies**. 5-15 % for physical persons.

On dividends tax - 0% for the Latvian legal entities, foreign companies**. 10 % for physical persons.

On interest payments tax - 0% for the Latvian legal entities, foreign companies**. 10 % for physical persons.

Valued added tax (VAT) – 21%, which is the standard tax rate for trading in Latvia.

Prices

LIMITED LIABILITY LEGAL ENTITY (SIA) – just 899 799 EUR;

To the price included:

  • Documents preparation;
  • Registered office address for 1 year;
  • Government fees;
  • Seal.

No hidden costs.

Additional services:

  • VAT numbers incorporation (VAT) - 100 EUR;
  • EORI number incorporation - 50 EUR;
  • Extract from the Register - 50 EUR;
  • Certificate of Residency - 95 EUR;
  • Corporate set of documents certified by Apostille - 200 EUR;
  • Legalization (Apostille) - 100 EUR per document;

Our Legal entity also offer registered office address in Riga;

Price for registered office address in Riga - 320 EUR per year (VAT included);

The price includes official mail forwarding service. We able to forward mails via e-mail, post or provide to trustee.

Readymade Legal entity in Latvia with VAT number – just 1695 EUR;

Please contact us and we will help you to register Legal entity / buy readymade Legal entity in Latvia professionally and quickly.

Accounting

The accounting reference date in Latvia is 30th of April.

Company accounting consists of different processes, so taking into account the individual needs of customers we provide the following packages:

Package "Mini" (1 - 2 employee, up to 20 invoices per month) - 80 Euro / month + VAT;

Package "Midi" (from 3 to 5 employees, up to 30 invoices per month) - 160 euros / month + VAT;

Package "Maxi" (6 to 10 employees, up to 90 invoices per month) - 380 euros / month + VAT;

Our services:

  • Full accounting on the documents submitted;
  • Submission of required reports to the State Revenue Service (SRS);
  • Submission of the required declaration;

For assistance, please contact our specialists by phone number + 371 6 785 9160 or e-mail info@demire.lv.

Contacts

SIA DEMIRE INC LV
Company code: 40103810038
Address: Rūpniecības iela 5, Riga, Latvia
VAT: LV40103810038


+ 371 6 785 9160 - Rīga
+ 370 5 208 0880 - Vilnius
+ 7 499 918 6503 - Moscow

info@demire.lv

 

UAB DEMIRE INC
Company code: 302617850
Address: Gelezinio vilko 18A, Vilnius, Lietuva.

Contacts
European Lawyers, Solicitors and Law Firms based in Europe