Articles on enterpreneurship >> Register your company in Latvia
All companies must be registered in the Commercial Register of The register of Enterprises. For companies to achieve legal status, their founders shall prepare and submit to the Register of Enterprises a foundation agreement and articles of association, together with receipts that confirm payment of registration duty and for the publication of an announcement in the official newspaper “Latvijas Vēstnesis”. Registration duty depends on the chosen form of business, for JSC it is LVL 250 (approx. EUR 355), for LLC it varies from LVL 15 to LVL 100 (approx. EUR 21 to EUR 142), but for branches it is LVL 20 (approx. EUR 28). To register partnerships, the parties shall submit an application for registration and pay registration duty (LVL 100 (approx. EUR 142)) and for the publication of an announcement in the official newspaper (LVL 24 (approx. EUR 34)).
Before applying to the Register of Enterprises, companies must pay at least 50% of subscribed capital for LLC and at least LVL 25 000 (approx. EUR 35 570) for JSC, the remaining subscribed capital must be paid within one year of the registration date in the Commercial Register.
The Register of Enterprises undertakes to review applications and register companies within three days or within one working day in case if three times larger fee is paid.