Register a limited liability company (SIA) in Latvia
Form a SIA and register it with the Register of Enterprises. A standard SIA needs EUR 2,800 in capital, while a reduced-capital SIA allows less subject to conditions.
- Timeline
- About 1-3 working days once documents are filed
- Cost
- State and publication fees; EUR 2,800 capital (less for a reduced-capital SIA)
- Steps
- 6 stages
Deadline — read this first
Beneficial owners declared at registration.
Who can file
Founders, in person or via an authorised representative or e-signature.
Step by step
- 1
Choose the SIA type
Decide between a standard EUR 2,800 SIA and a reduced-capital SIA with its shareholder and reserve conditions.
- 2
Prepare the incorporation documents
Draft the memorandum, articles of association and consent of the registered office.
- 3
Deposit the share capital
Pay the capital into a temporary bank account and obtain confirmation.
- 4
File with the Register of Enterprises
Submit the application, in person or with a secure e-signature.
- 5
Declare beneficial owners
Provide beneficial-ownership information to the register.
- 6
Register for tax
Register with the State Revenue Service for corporate tax and VAT as required.
Documents you must produce
- Memorandum and articles of association
- Consent for the registered office
- Bank confirmation of paid-in capital
- Identification of founders and directors
- Beneficial-ownership details
Common mistakes that sink cases
- Misjudging the reduced-capital SIA's shareholder limits and reserve duty.
- Incomplete registered-office consent documents.
- Forgetting VAT registration with the State Revenue Service.
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