Latvia overview
Basic Facts
- Officially: Republic of Latvia
- Northeast European country
- EU and NATO member
- Parliamentary democratic republic
- Euro (EUR) currency
- Civil law legal system
- Double taxation agreements with more than 60 countries
- High quality of life
- Latvian language speaking
Reasons for doing business in Latvia
TOP 3
High quality, educated, multilingual workforce
0% corporate income tax on reinvested profits
Simple company registration
More advantages
- Corporate income tax (CIT) rate of 20%, payable only when profits are distributed
- Personal income tax (PIT) rates of 25.5% and 33%
- Alternative CIT rate of 15% in case of individual shareholders only and 6% PIT on distribution of dividends to such individual shareholders
- Reliefs up to 80% of CIT for special economic zone (SEZ) and free port companies
- Controlled Foreign Companies (CFC) rules apply to individual shareholders
- No inheritance tax
- No wealth tax
Company formation in Latvia
Do you need to establish a company in Latvia? Then administer it?
Are you looking for a reliable lawyer or accountant in Latvia?
Do you want to structure your international business in a correct way?
You do not know yet what do you need in Latvia?
Well, contact us at any time, we are ready to help you to find the right answers to your questions and workable solution for your specific needs.
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