Business Registration
Starting a business in Latvia requires navigating company registration at the Enterprise Register, obtaining a VAT number from VID, and setting up proper accounting from day one. CORVUS provides end-to-end registration support so you can start operating quickly and compliantly.
What's Included
- SIA (LLC) registration at the Enterprise Register
- IK (sole proprietorship) registration
- Self-employed person registration with VID
- VAT (PVN) registration when required
- Legal address provision
- Bank account opening assistance
- Initial accounting system setup
Who Is This For
Entrepreneurs, foreign investors, and anyone looking to establish a legal business presence in Latvia. Whether you're a local starting an IK or a foreign company setting up a Latvian SIA, we guide you through every step.
Why Choose CORVUS
We have registered hundreds of companies over 20+ years. Our team knows the exact requirements, common pitfalls, and fastest paths through the bureaucracy. We also provide ongoing accounting after registration, ensuring a smooth transition from formation to operations.
From EUR 300 one-time
How we work
Company registration in Latvia takes 1–3 working days once the documents reach the Enterprise Register — most delays happen earlier, at the legal-form and paperwork stage. Our process removes those bottlenecks.
Step 1: Free consultation on legal form. We compare SIA, IK and self-employed status for your turnover, ownership structure and tax burden. For most founders the choice comes down to SIA vs IK, and we show the numbers for both before you commit.
Step 2: Document preparation. We draft the statutes, the founding decision or agreement, the registration application and the share capital confirmation. A micro-capital SIA can start with share capital from EUR 1; a standard SIA requires EUR 2,800.
Step 3: Signing — e-signature or notary. Documents are signed with a qualified e-signature (eParaksts or another eIDAS-recognised signature) or certified at a notary. Foreign founders can sign remotely or issue a power of attorney — see our guide to registering a Latvian company remotely.
Step 4: Filing with the Uzņēmumu reģistrs. We submit the file and monitor the review. The state fee is EUR 150 for standard processing (1–3 working days) or EUR 250 for express review. The full procedure is described in our SIA registration guide.
Step 5: After-registration package. We handle VID registration, the VAT (PVN) number if needed, the UBO (beneficial owner) declaration, bank account opening support and the initial accounting setup — then move you onto a normal monthly accounting routine. See the full post-registration checklist.
What determines the price
Company formation in Latvia has two cost layers. One-time: our registration support from EUR 300, plus the state fee (EUR 150 or EUR 250) and share capital from EUR 1. Ongoing: monthly accounting, mandatory from day one — a new company pays EUR 150/month, a small business EUR 200–600/month, a medium company EUR 700–900/month, larger businesses from EUR 1,000/month. Document volume, employees and VAT status drive the tier — see pricing.
FAQ
How much does it cost to register a company in Latvia?
Budget three items. The state fee: EUR 150 standard or EUR 250 express. Share capital: from EUR 1 for a micro-capital SIA, or EUR 2,800 for a standard SIA. Professional support: our package starts from EUR 300 and covers the consultation, all documents, filing and the after-registration steps. A micro-capital SIA is therefore realistic from roughly EUR 450–550 all-in. A detailed breakdown is in our article on SIA registration costs.
How long does company registration take?
The Enterprise Register reviews a standard filing in 1–3 working days; the EUR 250 express fee shortens the queue further. Add 1–2 days on our side for document preparation and signing — in practice, a founder with an e-signature goes from first call to a registered SIA within about one week. Bank account opening and VAT registration, where needed, follow in parallel.
Can a foreigner register a company in Latvia without visiting?
Yes. With an EU-qualified e-signature, the entire registration is done remotely. Without one, you sign a power of attorney at a notary in your country (with apostille where required) and we file on your behalf. We work with founders in English, Russian and Latvian, so consultations, documents and VID communication all run in your language.
Do I need a legal address in Latvia?
Yes — every Latvian company must have a registered legal address, and the property owner's consent is filed with the Enterprise Register. If you have no premises yet, we can provide or arrange a compliant legal address in Riga as part of the package; it can be changed later once you lease your own office.
What happens after the company is registered?
Accounting obligations start on day one, even before the first invoice: VID registration, the UBO declaration, tax reporting and an annual report are all mandatory. If turnover will exceed EUR 50,000, VAT registration follows. We set up the accounting immediately after formation — and if you already have an accountant elsewhere, we can take over mid-year with a clean handover of balances.
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