Opening a business in Latvia:

Opening a business in Latvia gives you the opportunity to become a full member of the European market with all the advantages and benefits of doing business in the EU.

Other related services:

 Changes: 

-Change of company name

-Change of legal address

-Change of members of the SIC 

-Change of the board of directors of SIA 

-Changes to the Articles of Association

-Increase in the authorised capital of SIA 

-Procurement

-Registration or change of the beneficial owner of the company

-Reorganisation of a company

-Preparation of the registration of a commercial mortgage

Liquidation: 

Preparation of the necessary documents for the liquidation of a company

Preparation of the liquidation balance sheet

Auditor's or liquidator's services

Obtaining a VAT number:

Value Added Tax (VAT) is a consumption tax that is included in the price of a good or service and is paid by the final consumer of the good or service.

The standard rate of VAT in Latvia is 21 per cent, but certain groups of goods and services are also subject to a reduced VAT rate. 

Before a taxable person carries out VAT-taxable transactions or receives VAT-taxable services within the country for which he is liable to pay VAT as the recipient of those services, he must register in the SRS register.

Who pays VAT?

-Expat taxpayer:

Registered taxable person - a taxable person registered in the VAT register of the SRS;

unregistered taxable person - a taxable person who, having exercised the right provided for in the VAT law, has not registered in the VAT register of the SRS.

-taxable person of another Member State:

a taxable person registered in another Member State: a taxable person who is registered for tax purposes in the tax register of another Member State;

taxable person not registered in another Member State: a taxable person who is not registered in the tax register of another Member State and whose registered office or place of residence is in another Member State.

-Taxable person from third countries or third territories:

a taxable person registered in a third country or territory: a taxable person who has been allocated a tax identification number or an equivalent number enabling the taxable person to be identified for tax purposes and allocated by the country in which the taxable person carries out his economic activity;

'non-registered taxable person from a third country or third territory' means a taxable person who has not been issued with a tax identification number or equivalent number enabling the taxable person to be identified for tax purposes and allocated by the country in which the taxable person carries out his economic activity;

-Fiscal representative.

-VAT group.

VAT objects: 

-Supplies of services for consideration.

-Import of goods.

-Export of goods.

-Acquisition of goods within the territory of the European Union (EU), including the transfer of goods from another EU Member State to the domestic territory of the taxable person for the purpose of carrying on his business in the domestic territory.

-Supply of goods within the EU, including the transfer of goods from within the EU to another EU Member State by the taxable person for the purposes of the taxable person's business in another EU Member State.

-Acquisition of new vehicles within the EU by an unregistered taxable person or a non-taxable person.

-Supplies of new vehicles to another EU Member State on an occasional basis.

-Receipt of services.