Company formation in Latvia & Estonia
Quality and fast company registration
Benefits of registering companies in BBCRiga
It is noteworthy that the overwhelming number of clients for whom we register companies remain our regular clients. In most cases, these are accounting services but also legal services and services of receipt of the Latvia residence permit. Recently, we helped five big companies to transfer their business to Latvia completely, to receive permanent residence permit for the business owners, their families and key employees, аnd also with hiring of local personnel. For more details, please see accounting services and Latvian residence permit.
Our competence – company registration in Latvia
Foundation of companies with complicated joint-stock and management structures
We arrange for processes of any complexity, for instance, when participants of the process are in different countries and are natural or legal persons from different jurisdictions. Besides, we register not only most common type of companies in Latvia (Ltd/ SIA) but also any other structures: joint-stock companies, branches, representations, etc (learn more about available forms of registration in Latvia – see below). Of course, we are not the only ones who can do this but thanks to our experience we can offer the easiest and shortest way, save your time and money and avoid most frequent mistakes. Moreover, legislation and regulations in the country change all the time and only continuous practice allows us to react promptly and adjust to the situation.
Changes in companies, registration of changes and reorganization of enterprises
We arranged for almost all possible modifications in the companies: of the Board and members (shareholders), reduction and increase of the authorized capital, which includes with “dilution” or without “dilution” of the other members’ shares, change of the company legal address, etc. In many cases, the processes become more complicated due to the fact that not all participants of the process are available for the document signing or even not all of them agree with it. We accept the challenge of any degree of complexity and became convinced with our personal experience that there are no conundrums.
Mergers, acquisitions and divisions of companies
Transactions of merger, acquisitions and division of companies is one another important aspect of our practice. Of course, these take place not as often as registration or modifications in the companies, but these are also higly-demanded products, both for realizable merger and acquisition transaction and as an instrument of the asset protection and reprofiling of business.
Business reorganization – cross-border merger
According to practice, very few are aware of the possibility of cross-border merger of companies within the ES, which is regulated by the ES Directive on cross-border merger of limited liability companies (Directive 2005/56/EC of the European Parliament and of the Council of 26 October 2005 on cross-border mergers of limited liability companies). We have accomplished 4 successful projects on cross-border merger of companies between Latvia and Estonia as a result of which the company ceases to exist in one country (is liquidated by means of merger) аnd all assets of this company are transferred to the company in another country. This is a relevant opportunity of redomiciliation of the business from one country to another also used for the transfer of the business to a more favourable business and tax environment and for the protection of the ultimate owners’ assets.
Liquidation of companies in Latvia
In tax jurisdictions, such as Latvia, it is much easier to start the business than to finalize it. The option to “drop” the company is hardly most fitting because it implies administrative liability of designated persons as a minimum which later may result in unexpected common troubles (for example, in our practice we came across denial of the Schengen visa). Аnd as the plans are not always rewarding, it is critical to have an opportunity and a partner who can help to liquidate the company correctly.
Although we no longer offer registration of companies in other countries, over the years, we have accumulated solid experience of registration of companies in Great Britain, Canada, Cyprus and other most popular jurisdictions. We will be always happy to advise you on such structures, share our knowledge and connections in the business and help you to bring the archaic structures in synch with today’s realities.
Forms of registration of companies in Latvia
Despite the fact that limited liability company (Sabiedrība ar ierobežotu atbildību, in abbreviated form – SIA), is one of the most common types of enterprises in Latvia, other forms of business registration are also suitable for different types of commercial activity. For comparison of available types of business registration, we recommend to read this article in our blog. Сontact our professionals to get advice on the form of registration of companies in Latvia most suitable for your business.
The cost of setting up a company in Latvia
The cost of registration of a new firm in Latvia depends on many factors, for instance, on the type of the enterprise, authorized capital, number of co-founders and directors and the country of the documents signing. Therefore, we will need additional information from you in order to prepare a price offer. Please contact us to receive more information and specific offer.
Additional services for setting up companies in Latvia
Apart from services related to opening of a firm in Latvia, our firm offers a full range of services of continued support and conduct of business, for instance:
- Remote bookkeeping in Latvia
- Tax and legal advice
- Assistance with getting a Latvia residence permit
- Real estate services
Please contact our specialists to receive more information on the services of opening and support for business in Latvia.
Rīga, LV-1009, Latvia