Steps of a Limited Liability Company formation
Company formation in Latvia consists of five major steps:
Step 1: Decision regarding the foundation At this point you need to decide what type of LLC you wish to register. If you are not sure or you need more information – feel free to contact us! After you have made the decision, we will consult you and prepare all the documents for registration of your company in the Register of Enterprise.
Step 2: Payment of the equity capital of the company After you made up your mind and everything is ready – you must go to the local bank and pay the equity capital of the company. We will provide full assistance and personal presence during this procedure. After the payment is done – we will be ready to submit the documents to the Register of Enterprises.
Step 3: Registration in the Register of Enterprises We will submit all the required documents to the Register of Enterprises. Usually registration of a LLC takes 3 days, but it is possible to speed up the procedure: it is possible to register a company in just 1 day! We will also settle any other formalities in the Register of Enterprises during the company registration process, if necessary.
Step 4: Opening of a bank account It is very important to open a bank account for your company. We will provide our guidance and support in order to achieve that. Our lawyers will contact the bank, negotiate the agreement and will draft all the required documents.
Step 5: Registration with the VAT payer register in the State Revenue Service In order for your company to start doing business, it is vitally necessary to register it as a VAT payer. In order to do so, we will prepare and draft to the State Revenue Service all the required documents. Our main goals are quality and your comfort!
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