Types of companies in Latvia
- Private limited company (SIA)
- Responsibility
- Minimum capital
- Min. number of shareholders
- Generally, recommended for
- Private limited company (SIA)
- Limited
- 3,000 €
- 1
- SMEs
- Joint-stock company (A/S)
- Limited
- 35,000 €
- 1
- Big companies
- Business unit
- Limited
- No
- 1
- –
Corporate tax rate in Latvia
Corporate tax rate is at 20% in Latvia.
Questions
Why should I incorporate my company in Latvia?
- Workforce is young and dynamics.
- Latvia is a member of the Euro area.
- Latvia is a perfect distribution point between Europe and Russia.
Which difficulties can be encountered in Latvia?
- The economy has been hard hit by the financial crisis.
- The unemployment rate is very high (20%).
Which are the cultural specificities of the world of work in Latvia?
- Latvians like doing business with people they already know, it is better to resort to the services of an interpreter.
- Latvians don’t like when we tell them what to do in their country.
- Decision-making belongs to the executive management.
- Latvians like to get straight down and right to the point. They don’t like long lasting tedious meetings.
