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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

Source: Doing Business - Latest available data.