Incorporation and administration of Latvian companies

Cost of services incorporation and administration of latvian companies Service description Cost
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.

Additional services

Service description Cost
“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
EORI number EUR 150
Extract from the Register EUR 120
Company liquidation EUR 800
Maintaining of accounting records upon request

Residence permit in Latvia

Service description Cost
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.

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