Latvia is the full member of European Union.
Incorporating the Latvian company you get the full-fledged European enterprise that has all advantages of business in EU. At the same time Latvian legislation is in many respects more liberal than in the rest of Europe, but incorporation process is easier, faster and cheaper.
VAT 0% is applied to purchase and sale deals between Latvian companies and other EU countries companies. VAT 0% rate is also applied to the range of services rendered by Latvian companies to EU companies and persons from third countries.
The distribution of dividends evolved from activity of Latvian company is non-taxable in case of company’s founder is the legal person which is a resident of EU country or European Economic Area.
The post of member of the board or council in Latvian company and also status of individual merchant or company’s sole founder enables to get the residence permit in Latvia for 1 up to 5 years.
Latvia is a member of Schengen Agreement. Latvian residence permit allows you to enter and leave the country unlimited number of times during the period residence permit is valid, as well as travel free over the countries of Schengen Agreement (with right of residence up to 3 months in 6 months period, without working permit in those countries).
It is possible to own and manage the Latvian company for non-residents – natural persons as well as legal persons.
Usual term of registration is 5 working days since the moment the equity capital is formed, all necessary documents and information is received. The shorter term of registration is possible in 2 working days.
To incorporate and manage the company can person or company authorized by you on the ground of Power of attorney.
For foreign natural and legal persons there are no limitations for conveyance of property or other rights provided concerned with deals on buildings, flats or commercial premises.