SIA - limited liability company
The most common form for small and medium-sized businesses in Latvia.
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Company Registration in Latvia
NBC.LV provides company registration services in Latvia: SIA registration, remote SIA registration, registration of companies with foreign founders, preparation of incorporation documents, assistance with a registered office, VAT (PVN) registration and access to the VID EDS.
We advise on the choice of company form and taxation. Consultations are available in Latvian, Russian and English.
Request a consultationWhat to determine before registering a company in Latvia
Before registering a company, it is important to define the key parameters of the future business. NBC.LV helps select a suitable structure based on the company's activities and future operations in Latvia.
NBC.LV's lawyers and accountants jointly assess the legal and tax aspects of the planned activities in order to propose a suitable company structure.
- 01
Company form
We determine which form suits your business: an SIA, branch, representative office or another solution.
- 02
Company name
We check the chosen name and help ensure that the company naming requirements are addressed before the registration documents are submitted.
- 03
Founders and company structure
We determine the founders, allocation of shares and company management, and correctly reflect the chosen structure in the incorporation documents.
- 04
Taxation
We advise on the future company's tax model in light of its planned activities and transactions, including whether VAT (PVN) registration is required.
- 05
The company's future operations
We consider in advance how the company's accounting and legal support will be organised after registration.
Main forms of business registration in Latvia
The choice of form depends on the business objectives, number of shareholders and planned activities.
AS - joint-stock company
A company form generally used for larger projects and complex corporate structures.
Branch of a foreign company
Allows a foreign company to operate in Latvia through a registered branch without creating a separate legal entity.
Representative office of a foreign company
Used to represent the interests of a foreign company in Latvia without carrying out commercial activities.
Individual merchant
A form of business activity carried out by an individual.
Associations and foundations
Forms intended for non-commercial activities and related projects.
SIA Registration in Latvia
An SIA is the most common company form in Latvia. It is suitable for both local and foreign entrepreneurs and may be registered by one or more founders.
SIA founders
An SIA may be registered by Latvian residents or foreign founders. The founders may be individuals or legal entities, with one or more shareholders. A founder does not need Latvian citizenship.
Remote SIA registration
An SIA can be registered remotely without travelling to Latvia in person. NBC.LV will prepare the necessary documents and organise the remote registration process according to the method used to sign the documents.
SIA share capital
How NBC.LV helps register a company in Latvia
- 01 We advise and determine the company structure
We clarify the planned activities and the founders, and advise on the choice of company form and taxation.
- 02 We check the name and prepare the documents
We check the chosen company name and prepare the incorporation documents and information required for registration, including details of the ultimate beneficial owners.
- 03 We prepare documents in the required language
Where necessary, we prepare bilingual documents and translations into a language convenient for the client.
- 04 We arrange document signing and remote registration
We organise the preparation and signing of documents. If the company is registered remotely, we arrange the process without a personal visit to Latvia, taking into account the method used to sign the documents.
- 05 We submit the documents to the Register of Enterprises
We submit the prepared documents to the Register of Enterprises of Latvia and monitor the company registration process and timeline.
- 06 We help you start operating after registration
We advise on the company's ongoing operations and the first steps after registration. If needed, we assist with VAT (PVN) registration, access to the VID EDS, and arranging accounting and legal support.
Reviews
NBC.LV client reviews
★★★★★
«I am a Ukrainian citizen, and legal matters in Latvia were completely unfamiliar to me. Friends recommended NBC.LV: they helped me register the company and explained the advantages of different business forms, taxation details and risks. Since then, I have contacted them about every company matter - document changes, taxes and ideas for further development. I truly value this company!»
★★★★★
«I registered my first company back in 2001, and at the time I was assisted by the founder of NBC.LV, Viktoria Zaharova. We have relied on the company ever since. When my son decided to start his own business, I had no hesitation in sending him to NBC.LV. As a newcomer, he had everything explained in plain language: what to establish, how to register it and where to begin. For our family, this is a trusted company.»
★★★★★
«I contacted NBC.LV to register an SIA - I did not want to spend time on paperwork or risk mistakes. During the consultation, they explained the available business forms, how an SIA differs from other options and which tax approach would suit my situation. The specialists quickly prepared all the documents and helped complete the registration smoothly. I received not only a company, but also an understanding of how to run the business going forward.»
Frequently Asked Questions
What documents are required to register an SIA in Latvia?
Registration requires details of the founders and management board members, the company name, registered office, share capital and allocation of shares, as well as information about the ultimate beneficial owners. The exact set of documents depends on the founders and the method of registration.
What requirements apply to an SIA name in Latvia?
The name must be distinguishable from names that are already registered or submitted for registration and must comply with Latvian legal requirements. NBC.LV checks the chosen name before preparing the registration documents.
Is a registered office required to register a company in Latvia?
Yes. Company registration requires a registered office in Latvia that meets the applicable requirements. If you do not have your own address, NBC.LV will advise you on the available solutions.
Can a foreigner register an SIA in Latvia?
Yes. An SIA may be registered by Latvian residents or foreign founders. The founders may be individuals or legal entities.
Can an SIA be registered remotely in Latvia?
Yes. An SIA can be registered remotely without travelling to Latvia in person. NBC.LV will prepare the necessary documents and organise the remote registration process according to the method used to sign the documents.
What share capital is required for an SIA?
The minimum share capital for a standard SIA is €2,800. An SIA with reduced share capital may be registered with a lower amount if the statutory conditions are met.
How long does it take to register an SIA in Latvia?
The Register of Enterprises states a processing time of 1-3 working days for an SIA with one founder and 3 working days under standard processing for an SIA with two or more founders. The submission day is not counted; document preparation and any corrections require additional time.
How much does it cost to register an SIA in Latvia?
The cost depends on the company structure, the founders, the method used to prepare and sign the documents, and the level of support required. State fees and, where necessary, other expenses are charged separately. Learn more about the documents, timelines and cost of registering an SIA →
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