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Latvia
Latvia Offshore Company Formation with Residence Permit
Setting up an offshore company in Latvia presents a highly strategic and advantageous opportunity for international entrepreneurs, investors, and business owners who are looking to establish a credible presence within the European Union (EU). Latvia offers a gateway to the entire EU market and the broader European Economic Area (EEA), providing seamless access to over 450 million consumers. Entrepreneurs are drawn to Latvia not only because of its stable and transparent regulatory environment but also due to its modern infrastructure, digital-first public services, and supportive business ecosystem.
Types of Company Formation with Residence Permit
Limited Liability Company
- Minimum share capital: €2,800
- At least 1 shareholder and 1 director
- Limited liability: Shareholders are only liable up to their investment
- Not publicly traded
Joint Stock Company
- Minimum share capital: €35,000
- At least 1 shareholder and a board of directors
- Can issue shares publicly and be listed on a stock exchange
- Shareholders have limited liability up to their investment
- Requires annual audits and public reporting
Branch Office
- No separate legal status – fully dependent on the parent company
- Must be registered with the Latvian Register of Enterprises
- No minimum capital requirement
- Requires a local representative with legal authority
- Must keep separate accounting records for Latvian operations
Representative Office
- Used for promotion, liaison, and market research
- No commercial activity allowed
- No minimum capital required
- Must be registered with the Latvian Register of Enterprises
- Requires a local representative for official matters
Advantages
Limited Liability Company
- Fast and affordable incorporation (usually 3–5 business days)
- Low maintenance and flexible management
- Eligible to apply for residence permit for non-EU founders or board members
- Access to EU single market and banking system
- Standard corporate income tax: 20% (paid only on distributed profits)
Joint Stock Company
- Ability to raise large-scale funding
- Enhanced corporate image and credibility
- Full access to the EU market
- 100% foreign ownership allowed
- Suitable for residence permit application for foreign directors or shareholders
Branch Office
- Quick and low-cost setup
- Operates under the parent company’s name
- No need to form a new legal entity
- Access to EU market and Latvian clients
Representative Office
- Simple and fast registration process
- No corporate tax obligations
- Ideal for exploring the Latvian or EU market before committing to full operations
