Latvia

Latvia is a country with a favorable taxation system. The state is an EU member, it has a good reputation as well as an advantageous geographical position. Company registration in Latvia gives an opportunity to run business on the EU territory.

Benefits of Latvia as a jurisdiction:

• Agreement for the avoidance of double taxation
• No currency control
• Economic and political stability
• Low corporate tax
• Directors and shareholders meetings can be held worldwide

Company Type
SIA - a limited liability company

Taxation
Corporate tax - 15%
VAT - 21%
Dividends - 10%
Interest - 15%
Royalty - 15%.

Financial reports
Accounting report is necessary. Monthly and annual reports are required. Audit must be performed.

Nominee shareholders and directors
Allowed.

Confidentiality
By using nominee service.

Related services (optional):

• Operating a virtual office in Latvia - price upon request
• Safekeeping of incorporation documents in a separate client cell in our Head Office in Frankfurt am Main, Germany - US $ 50 / year