Northern Europe bordering Estonia and Lithuania along the Baltic Sea

Location

Euro (EUR)

Currency

Legal System

SIA (Private Limited Company), AS (Public Limited Company)

Corporate Structures

Tax System

  • Corporate tax rate is set at a flat rate of 20%; only distributed profits are taxed under Latvia’s unique system

Legal Framework

  • Based on Civil Law; governed by the Commercial Law of Latvia
  • Popular structure is SIA (Private Limited Company), requiring a minimum share capital of €2,800

Advantages

  • Transparent legal system with streamlined company registration processes.
  • Strategic location connecting Northern Europe to Central Asia

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