SIA Liquidation Cost: State Fees and Service Fees

The state fees to liquidate a SIA in Latvia total approximately EUR 60. That figure surprises most business owners — it seems impossibly low for a legal process that takes four to six months. The catch, of course, is that state fees are only one line in the budget. The real cost depends on how clean your company's books are and whether you handle the process yourself or hire professionals.

Here's what the numbers actually look like in 2026.

The Official Fees

The state charges two mandatory fees during SIA liquidation, both related to publications in the official gazette (Latvijas Vēstnesis):

| Fee | Amount | When | |-----|--------|------| | Registration of liquidation status + creditor notification publication | ~EUR 30 | Phase 1: filing the liquidation decision | | Final deletion from Commercial Register | ~EUR 30 | Phase 2: after creditor period ends | | Total state fees | ~EUR 60 | |

That's it for mandatory government costs. No percentage-based fees, no capital-related charges. A SIA with EUR 2,800 in share capital pays the same as one with EUR 200,000.

Professional Service Fees

Most company owners hire an accountant or a legal firm to manage the liquidation. The professional fees depend on the company's complexity:

| Scenario | Typical Fee Range | |----------|------------------| | Simple SIA (no activity, clean books, no VAT) | EUR 500-800 | | Active SIA with straightforward books | EUR 800-1,500 | | SIA with VAT registration, employees, assets | EUR 1,500-3,000 | | Complex cases (tax disputes, multiple creditors, real estate) | EUR 3,000+ |

These fees typically cover: preparation of the shareholder resolution, filing with the UR, creditor notification management, preparation of the final annual report and liquidation balance sheet, communication with VID, and the final deletion filing.

Accountant fees for the final annual report are sometimes quoted separately. If your regular accountant doesn't handle liquidations, you may pay EUR 200-500 for the final report and liquidation balance sheet on top of the liquidation service fee.

Hidden Costs That Inflate the Budget

The fees above are predictable. What often pushes costs higher:

Backlogged filings. If the company hasn't filed annual reports for two or three years, those must be prepared before liquidation can proceed. Each unfiled year can add EUR 200-500 in accountant fees, plus potential late-filing penalties from the UR.

Outstanding tax obligations. The VID must confirm zero tax debt before the UR will process the final deletion. If an audit reveals underpaid taxes, you'll owe the tax amount, interest, and potentially fines — these can dwarf the liquidation cost itself.

VAT deregistration. Companies registered for VAT must separately deregister, and the VID may conduct a reconciliation. If discrepancies are found, additional tax payments (and accountant hours) follow.

The lesson is straightforward: the cheapest liquidation is one where the company's books have been maintained throughout its life. Retroactive cleanup is always more expensive than ongoing compliance. For a detailed walkthrough of each step, see our full SIA liquidation guide.

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Know the Real Cost Before You Start

Retroactive bookkeeping cleanup is always the biggest variable in liquidation costs. We review your filings, assess outstanding obligations, and provide a specific cost estimate before anything is filed -- so you decide with real numbers, not guesses.

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