Limited Liability Company (SIA), Joint-stock company (AS), a company and a partnership, a branch of a foreign company, an individual entrepreneur and a self-employed person.

At least 1 (one) shareholder: natural or legal person - residents of any country;

At least 1 (one) director of an individual (resident of any country)

The minimum size of the share capital is EUR 2800

Information about directors and founders is public.

The total tax rate for enterprises of the regular tax regime is 15%.

From 2018, a 15% tax will have to be paid ONLY ON DISTRIBUTION OF PROFIT

21%

Not subject to tax:

- dividends paid by a Latvian enterprise to a non-resident (exception: countries from the black list);

- dividends received from non-residents;

- profit from the sale of shares of subsidiary companies. Exception: countries from the black list

- Interest received on loans is subject to taxation 15%

- Payment of interest on loans to non-residents is not subject to repatriation tax, except for the interest rate paid to persons residing in countries included in the black list of jurisdictions

- Payment of royalties to non-residents is not subject to repatriation tax, except for the interest paid to persons residing in countries included in the black list of jurisdictions

- dividends 5%

- interest 10%

- royalty -10%

Calendar year.