Incorporation and administration of Latvian companies
|Incorporation of a company / foreign branch or representative office in Latvia (sending of documents)||EUR 490|
|Registered address and postal service for 1 year||EUR 500|
|Opening a corporate bank account in a Latvian bank||Free of charge|
|Total cost||EUR 970*|
|Additional expenses (stamp duty) depend on amount of share capital||EUR 150 / EUR 250|
|Annual maintenance (registered address and postal service for 1 year)||EUR 600|
* 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.
“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 60 per month|
|Rent of a meeting room (a workplace) in Riga||EUR 120 per hour|
|VAT number||EUR 800|
|Tax residency certificate (for avoidance of double taxation)||EUR 150|
|Apostille / Legalization of documents||EUR 200|
EUR 150 |
|Extract from the Register||EUR 120|
|Company liquidation||EUR 800|
|Maintaining of accounting records||upon request|
Residence permit in Latvia
|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.