Financial statements. Business operations and transactions. Information about the accounting documentation.
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Jurisdictions: Latvia
Basic information about the jurisdiction of Latvia
Legal form | 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. |
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Shareholders | At least 1 (one) shareholder: natural or legal person - residents of any country; |
Directors | At least 1 (one) director of an individual (resident of any country) |
Share capital | The minimum size of the share capital is EUR 2800 |
Company Registry | Information about directors and founders is public. |
Corporate tax | 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 |
VAT | 21% |
Taxation of dividends | 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 |
Taxation of interest | - 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 |
Royalty taxation |
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Taxation of passive income from Ukraine | - dividends 5% - interest 10% - royalty -10% |
Reporting | Calendar year. |
* This information is informative, its use in practice requires additional advice on your individual business situation.