Latvia Company main characteristics:

Governing corporate legislation Limited Liability Company
Corporate legislation The Registrar of Enterprises is the governing authority and companies are regulated under the Commercial Law, Commercial Law of Latvia..
Information published relating to company officers Upon registration, all company officers name will appear in the business registry, available for public inspection. We can appoint nominee officers to avoid the client's name appearing.
Confidentiality Latvia offers a high level of anonymity and privacy.
Accounting requirement
Very Low taxation in Europe (15%). Vat Rate is 21%. Auditing is not mandatory
Modern offshore legislation.
Standard currency
Time to form
Latvia has an efficient Registry : 3 days formation time.
Stable jurisdiction with very good reputation.
Efficient communication means.
Time zone
Convenient world time zone: GMT+1
Secretary required
Paid up capital requirement
No paid up capital requirement unless the shareholder is a corporate entity.
Basis of legal System
Under Common Law.
Minimum directors/shareholders
A minimum of 1 director/shareholder suffice for incorporation.
Bearer shares
Bearer shares are not permitted.

A certified copy of your passport, a proof of domicile dated less than three months, a letter of reference from your bank (all in original) as well as a signed business plan and curriculum vitae.

Information on Latvia

Latvia lies in Northern Europe, on the Baltic Sea surrounded by Lithuania and Estonia. Latvia’s capital is Riga, home to museums and churches, notable wooden and art nouveau architecture. Latvia is a member of the United Nations, European Union (since 2004) , Council of Europe, NATO, OSCE, IMF, and WTO. Its sole official language is Latvian.

Latvia has a total area of 64,559 km2 and its population is just over 2 million (2.013).

The country has a long history as an international financial centre, in the heart of Europe, with one of the lowest taxation. The country is very stable - GDP per capita stands at 15,375$ as of 2014.

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