Advantages of Conducting Business in Latvia

Efficiency, simplicity and low expenses for registering a company and opening bank accounts, as well as low tax rates, in comparison with other countries of the EU, make Latvia maximally attractive for entrepreneurial activities.

Important to know

You may obtain a residence permit in Latvia based on your investments in the company capital, which in turn, allows entering Latvia an unlimited number of times and freely travel within the territory of the Schengen Agreement countries.

As Latvia is focused on work with non-residents, you will be able to receive financial services also in English. At present, Latvia has the Convention for the avoidance of double taxation signed with more than 60 countries (including Russia and the CIS countries).


tax on dividends received from a foreign subsidiary company


tax for dividends if the income tax has already been paid by the company


income tax, calculated from the amount of distributed profit. If the profit is reinvested, then there is no obligation to pay corporate income tax


added tax

Adaptation of Entrepreneurial Activities in the Baltic Countries

We provide legal support for companies and private individuals, including obtaining a residence permit in Latvia, as well as consult in issues of investing in real estate.

Baltconsult consults in issues of commercial legislation and assists in selecting an organisational and legal form for a business in Latvia. We perform analysis of the anticipated business processes and evaluate the potential of such operation in the EU territory.

Baltconsult provides complex support for planning and minimisation of expenses, consults on advantages of countries with low taxation. We provide assistance and support when opening private and corporate bank accounts in Latvia, Estonia, Switzerland, Lichtenstein, Cyprus and other countries.

Following a study and analysis of the client’s business model, we render individual consultations aimed at developing a stage-by-stage plan of implementing the set goals. In the course of the work, we will render financial consultations for your company and provide information support and complex turnkey accounting.

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SIA “Baltconsult”

Office address

Citadeles 1A, Riga, LV–1010, Latvia

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