Invest in Latvia

15/12/2020

ARE YOU ELIGIBLE FOR RESIDENCY OR CITIZENSHIP?
FREE QUOTE / ESTIMATION GRATUITE
No commitment required and totally free!!!

22/09/2020

Why invest in Latvia residence program?

Latvia residence by investment program was launched in 2010 in order to attract foreign investors. This European Golden visa program offers EU residency and citizenship in exchange for investment in real estate. Though Latvia might not be the first country that would come to your mind when choosing a residence destination, we’ll tell you why it’s worth considering it.

Latvia is a beautiful country with its own unique identity, culture, traditions and customs. Living there is affordable; however, it is not at the expense of the quality. By investing €250,000 into real estate you will get a luxury property with high-end finishes and you’ll be eligible to apply for Latvia Temporary Residence. The application process for residence takes 30–90 days.

15/09/2020

The United Kingdom has left the European Union and the transition period will end on 31 December of 2020. The main task for the UK business in post-Brexit environment is to remain with the EU customers by having continued access to the European Single market.[/intro]

As a solution for Brexit-proof your business, you can establish a company in one of the EU countries having good business environment, for example, in Latvia, to run your EU-oriented business.

Favourable tax regime, the developed infrastructure, highly skilled workforce and comparatively low operational costs allow the foreign investors to select Latvia as a place for business.

In post-Brexit the UK authorised financial and insurance institutions (including insurance brokers and agents) may not continue to provide services in EU and EEA states. As a solution a financial or insurance institution from the UK may incorporate a subsidiary in Latvia, obtain authorisation from the Latvian financial regulator (FKTK) with passporting rights and to operate free from the Latvian licence in EU and EEA states.

In Latvia the most commonly used form of business is a limited liability company (the Latvian acronym SIA). A Latvian SIA is easy in registration and economy-priced vehicle. There are two types of limited liability companies (SIA) in Latvia: a regular SIA and a SIA with reduced share capital.

For a regular SIA minimum share capital is 2800 EUR, for a SIA with reduced share capital the amount of the share capital is from 1 to 2799 EUR. It is not necessary to open a temporary bank account for a reduced capital SIA.



Founder(s). A regular SIA may be incorporated by one or more private individuals or legal entities. A reduced capital SIA may be incorporated by individuals only (not more than five). There are no restrictions for non-residents to found and own shares in Latvian companies.



Board. At least one member of the Board shall be appointed by founders. A Board member may be a founder (shareholder) of the SIA or otherwise (not applicable to a reduced share capital SIA), and can be a resident or a non-resident of Latvia. In Latvia the board members are not required to comply with any professional qualifications requirements of somehow justify their business skills.



Secretary: No requirement to have a company secretary in Latvia.



Legal address. A SIA shall have a registered address in Latvia that shall be used for official communication.



Ultimate beneficial owner(s) (UBO). UBO are private individuals, who either directly or indirectly own or control more than 25% of SIA capital shares.



Share capital. Once the company is registered, the board is free to spend the funds contributed to the share capital. There are no any requirements on keeping any amount of the share capital of the bank account.



Official documents issued in post-Brexit by the public authorities of the UK to be submitted to the Commercial register of Latvia (for examples, documents form the Companies House) are exempt from the documents legalization requirements (incl. Apostille), the same as it works for public documents from any EU state.



A SIA is considered to be registered as a Latvian tax-payer at the same moment it is registered as a company in the Commercial register of Latvia. It is possible to apply for a value added tax-payer number (VAT number) simultaneously with applying for the registration of SIA.

Corporation taxation in Latvia is simple and designed to encourage business growth. You have to pay a corporate tax at a flat rate of 20% on distributed profits (dividends), but nothing on profits you decide to keep inside the company. Moreover, in the company holding regime you don’t have to pay corporate tax if certain preconditions are met.

The process of incorporation can be performed remotely or founders/board members can visit Latvia. E-signatures issued in the UK are admissible in the Commercial Register of Latvia.





NJORD Law Firm supports UK business seeking a Brexit-proof and economically-priced solution in Latvia. We would be happy to assist you in establishing your Latvian company (SIA) and other legal matters related to your business in EU.

15/09/2020

Want to invest?
Contact us +371 27771168

15/09/2020

Successfully investing

What should companies consider when investing in Latvia and entering the local market? Our on-site experts from Rödl & Partner give valuable tips in form of a Q&A interview.

15/09/2020

Invest In Security

13/09/2020

Latvia, officially known as the Republic of Latvia is a country located in the historically significant Baltic region on the Northern part of Europe. The country is a landlocked country, it is bordered by Estonia in the north and on the southeast Latvia shares its border with Belarus, on the east lies the Russian Federation and on the west it shares its border with Sweden along the coast of Baltic Sea. Latvia being located on the eastern sides of the European plain it has a very pleasant climate and also boasts of fertile soil which is suitable for growing a large variety of crops. Latvia also has a big forest cover that is home to some of the most exotic plants an animal species.
Facts:

The country is one of the key players in the European Union. Latvia, in the recent years have become a hot spot for investment, increasing number of global players are looking to invest in the country and are benefitting for its favorable investment policies. Foreign companies investing in Latvia can enjoy the following advantages:

• Latvia has a very stable bureaucratic set up; this is very useful for foreign investors looking to establish their business base in the country since they can do it without any hassle.
• Latvia also has a transparent and non-biased legal and judicial system in place. it allows the foreign companies to settle any issues fair and square.
• Latvia being a part of the European Union (EU), foreign investors in the country are provided free access to market of other countries which are part of the EU. This is a very significant advantage for investors since they can do business without borders and expand their business base.
• Latvia has a very global business outlook. The work culture through out Latvia is world class, most of business enterprises in the country work according to the standards of other European nations.
• Labor force is the backbone of any industry and in Latvia there is no shortage for it, foreign investors in Latvia can have access to the huge base of high educated and technically qualified workers. The labor charges in Latvia are also cheap as compared to other countries in the European Union.

08/04/2020

The Latvia Residence-by-Investment Program offers several qualifying options and boasts an extremely quick processing time. For a real estate investment of EUR 250,000, successful applicants and their families will receive residence permits to Latvia within 90 days, which is situated within Europe’s Schengen Area. There is no residence requirement.

29/03/2020

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