Latvia Offshore Company Formation
Offshore Company Registration In Latvia
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Latvia Offshore Company Formation
|
Company Type |
Limited Liability Company |
|---|---|
|
Corporate Governing Body |
The companies in Latvia are regulated under the Commercial Law of Latvia. |
|
Confidentiality |
Latvia provides a high level of privacy. |
|
Accounting Requirements |
Accounting is required for every company. |
|
Taxation |
The rate of tax is very low (15%) |
|
Legislation |
Modern Offshore Legislation |
|
Stability |
Stable jurisdiction with a good reputation |
|
Paid-up capital requirement |
There is no requirement of the paid-up capital (unless the shareholder is a corporate entity) |
|
Minimum directors and shareholders |
Minimum one director and one shareholder |
|
The requirement to appoint Company Secretary |
No |
|
Audit |
Conducting an audit is not mandatory |
Latvia Offshore Company Is Ideal For
Expatriates
Buying Real Estate
E-commerce
Inheritance Purposes
Import and Export of products
Consulting Business
FAQs
What is an Offshore Company?
An offshore company can be described as companies that conduct zero volume of business within their jurisdiction of incorporation.
Do I need to be physically present while opening a bank account?
This depends upon the rules and requirements of the bank.
What is a nominee director?
A nominee director can be used if the client is unable to meet the local requirements. The name of the nominee director will be mentioned in all the necessary documents of the company.
Does opening an offshore company mean that the bank account will automatically open?
No. for opening a bank account you need to mention the requirements of the company in the form.
*Duration is subject to the constraints of the due diligence procedure.
**The required documents must be provided for every individual related to the company.
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