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