Phone: +371 26320041
E-mail: info@fiin.lv

Limited Liability Company (LLC)

Share capital can be paid in cash or contributed in kind. The minimum share capital value is 2800 EUR and at least a half of it has to be paid in cash. Until applying for registration in the Register of Enterprises (ER)  at least a half of the share capital has to be paid, the remaining part must be paid within one year’s time from the date the company has been registered in ER.

Documents to be submitted

  • Application Form
  • Founding Agreement/Resolution of the sole shareholder
  • Articles of association
  • Bank’s reference on payment of share capital, or for investment in kind
  • Register of shareholders
  • Consent of council shareholders (in case if the council is established)
  • Consent of the board members
  • Notice of board for legal address
  • The real estate owner’s consent for the registration of the company’s legal address
  • Proof of payment (a receipt, its copy, confirmed bank’s online banking payment or completed notice) for ER stamp duty fee payment
  • Proof of payment (a receipt, its copy, confirmed bank’s online banking payment or completed notice) for publication in “Latvijas Vestnesis

The fees and timing

  • Single stamp duty/ processing time 142.29 EUR / 3 working days
  • Triple stamp duty/ processing time : 426.87 EUR / 1 working day
  • Stamp duty for the certification of a signature :  ~4 EUR (if the certification is submitted for 3 or more signatures in a single registration for each certification of a signature stamp duty of ~ 3 EUR)
  • Publication in “Latvijas Vestnesis” 27.03 EUR
  • Notary duties for attesting documents

Based on our experience, when the shareholder is a foreign entity or individual, a simplified establishment time can make up to approximately 3 to 4 weeks. However, the timing could be reduced to a week, if the representative of a foreign shareholder visits Latvia to handle the registration on-site.