Contact us now! +371 20772425 | info@formily.lv
What we offer:
- Full preparation of all incorporation and registration documents
- Fast company establishment in Latvia (1–3 business days)
- Assistance with corporate bank and fintech account opening
- Compliant legal address registration and mail forwarding
- Transparent pricing with no hidden corporate setup fees
Madara
Sales & Partner Relationship Associate
At Formily, we specialize in opening Latvian companies for foreigners and providing complete support throughout the process.
Our mission is to make process of your new company simple, legal, and stress-free.
We value transparency, confidentiality, and trust — ensuring every step is smooth and beneficial for both sides.
With 10+ years of experience and a strong legal background, we guarantee that everything is handled properly.
Our mission is to make process of your new company simple, legal, and stress-free.
We value transparency, confidentiality, and trust — ensuring every step is smooth and beneficial for both sides.
With 10+ years of experience and a strong legal background, we guarantee that everything is handled properly.
+371 20772425
info@formily.lv
info@formily.lv
Who we help?
LOCAL STARTUPS & ENTREPRENEURS
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FOREIGN FOUNDERS
& EU RESIDENTS
& EU RESIDENTS
Expand your business into the European market with ease. We specialize in helping non-resident entrepreneurs and EU e-residents set up their Latvian companies completely remotely. From secure digital signing to providing a mandatory legal address, we make cross-border business seamless.
E-COMMERCE & DIGITAL AGENCIES
Whether you are running an Amazon store, a Shopify shop, or a digital agency, Latvia offers a highly favorable corporate tax system (0% tax on reinvested profits). We help digital businesses set up multi-currency banking solutions, handle international VAT registration, and manage complex cross-border accounting.
FAQ
Standard registration with the Latvian Enterprise Register takes just 1 to 3 business days once all the signed incorporation documents are officially submitted.
No, physical presence is not required. If you possess a secure European e-signature (such as eParaksts, Smart-ID, or an EU e-Residency card), the entire setup process can be completed 100% remotely.
The standard share capital for a Limited Liability Company (SIA) is €2,800. However, you can also establish a low-capital SIA with a minimum share capital of just €1, provided certain statutory conditions are met.
Yes. There are absolutely no restrictions regarding citizenship or residency. Foreign nationals can hold 100% of the company shares and serve as sole board members.
Latvia features a highly competitive 0% corporate income tax (CIT) rate on reinvested and retained profits. A 20% CIT rate applies only when corporate profits are distributed as dividends.
We assist you throughout the entire application process. Depending on your business model, you can open an account with traditional Baltic banks or leading European digital fintech platforms like Revolut Business, Wise, or modern e-money institutions.
Yes, every company registered in Latvia must have an official legal address within the country to receive government correspondence. If you do not have a physical office, we provide a fully compliant legal address service with digital mail forwarding.
CONTACT US
+371 20772425
info@formily.lv
Lielirbes iela 1, Rīga
