Procedure to prepare the registration of a company in Latvia
The registration process of a company in Latvia is very simple. The experts of Rengang will assist you throughout every step of it:

Initial consultation and agreement;
Payment of the full invoice;
[IF REMOTELY]: Notarization of POA by client;
Preparation of registration documents;
Document signed at the notary;
Official register validity: immediately.

Can I form a company in Latvia remotely?
The whole incorporation process can be conducted remotely. No travel is necessary. Notarization of documents is necessary.

A Power of Attorney (POA) from (all) partners/shareholders is needed;
The POA is sent to you by us based on the services you want;
You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization);
Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address;
Latvia is part of the Hague Convention of the Apostille.

Necessary information to begin with company formation in Latvia
3 options of your desired name for the company and a company contact email address;
Names, addresses, and emails of all shareholders and board members;
Short description of your company’s activity.

Without VAT number in Latvia
Your company will not be eligible to receive VAT refunds, which means everything bought is 21% more expensive (important: B2B payments between two VAT-exempt companies are not more expensive).

With VAT number in Latvia
Any taxpayer can register for VAT with a simple application;
Your company will be eligible to receive VAT refunds, which means you can make use of the reverse-charge mechanism;
Monthly tax returns have to be filed, even if no transactions occur;
Payroll taxes must be paid at the latest on the 10th of the next month;
VAT must be paid at the latest on the 20th day of the following month it was applicable to.
Before we help you to apply for a VAT number you should carefully think about the advantages and obligations that go along with it.