Starting a business in Latvia
Legal Forms of Companies
- The sabiedriba ierobezotu atbildibu (SIA) is a Private Limited Company.
-
Number of partners: No minimum
Capital (max/min): Minimum EUR 2,800. 50% of the capital must be released at the incorporation and the remainder within the year.
EUR 1 for micro-companies.
Shareholders and liability: Liability is limited to the amount contributed.
- The akciju sabiedriba (AS) is a Public Limited Company.
-
Number of partners: No minimum
Capital (max/min): Minimum EUR 35,000. 50% of the capital must be released at the constitution and the remainder within the year.
Shareholders and liability: Liability is limited to the amount contributed.
- Pilnsabiedrība (PS) is a General Partnership
-
Number of partners: Minimum of 2 partners
Capital (max/min): No minimum capital required.
Shareholders and liability: Unlimited and joint for all partners
- Komanditsabiedriba (KS) is a Limited Partnership
-
Number of partners: Minimum of 2 partners, at least one active and one "sleeping" partner
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is unlimited for active partners and limited for sleeping partners
Business Setup Procedures
Setting Up a Company |
Latvia |
Eastern Europe & Central Asia |
Procedures (number) |
4.0 |
5.3 |
Time (days) |
5.5 |
11.8 |
Source: Doing Business - Latest available data.
- The Competent Organisation
-
Here is the link to the Register of Commerce in Latvia.
- For Further Information
-
Consult Doing Business Website, to know about procedures to start a Business in Latvia.
Lursoft, Data bases for enterprises.
Financial Information Directories
Dun & Bradstreet - Worldwide directory with financial information on businesses
© eexpand, All Rights Reserved.
Latest Update: May 2024