Entry into the European market in a Russian-speaking environment
Favorable geographic location and visiting the country
Double taxation treaty
Arranging a residence permit in the EU country
Prompt LLC registration – 5 days
Remote management of a company



  1. You file an application for registration
  2. We send you documents for signing
  3. We open a temporary account for the authorized capital
  4. We complete registration
  5. You open a current account

Company registration takes 5 days. Obtaining VAT number – 10 days



We guarantee non-disclosure of information both during negotiations and while working with the obtained information


We will register a company, arrange a residence permit and visa, provide legal and accounting services for your business


Company employees are fluent in Russian and English, have a great experience in the fields of finance, business consulting and taxes


We will suggest the appropriate trading schemes, royalty structures and holding company regimes


We have two offices in Minsk and Riga


For over 10 years’ experience


For over 100 registered companies


For over 30 qualified professional


Prices are without VAT, assuming 1 owner; in case of several owners or board members there will be another price

Key service packages Mini Standard Standard +
?LLC registration "turn key" "turn key"
?State fees
?Bank account
?Extract from the commercial register
?Residence certificate
?Special treatment
?Legal address per year 500 EUR 500 EUR
?Equity 1 - 2800 EUR 1 - 2800 EUR 1 - 2800 EUR
?Service package cost 500 EUR 1880 EUR 2100 EUR
Choose a package and leave an application


Below you can find frequently asked questions; You can also ask your question by calling us or filling in the form on the right

Benefits of a Latvian Company?
  • Corporate tax rate is 0% – for Reinvested earnings;
  • Safety of funds — reliability and settlements with the EU companies;
  • Opportunity to obtain a residence permit when setting up a company;
  • Favorable credit terms (% on credits);
  • E-banking free use from any part of the world;
  • Reduction of customs duties (when importing to the EU): final production for the EU market is moved to Latvia;
  • Transportation business: transport company for the EU, customs duty is not charged;
  • Financial information is stored on the servers in Latvia;
  • Business security: a Latvian holding company is a share holder;
  • Companies can be used for participation in tenders;
  • Geographic location. Latvia shares borders with the EU;
  • Possibility to use near-border customs warehouses; extensive network of roads, ports, railways and air traffic.
Not Taxable?
  • dividends paid by a Latvian company to non-residents;
  • dividends received by a Latvian company from non-residents;
  • capital gains or loss on sale of shares in subsidiaries are not subject to corporate income tax;
  • interest paid by a Latvian company to non-residents;
  • payments made by a Latvian company to non-residents for intellectual property.
LLC registration in Latvia?

The most common legal form of a company in Latvia is a limited liability company (LLC).
Share Capital
LLC 1 EUR — 2 800 EUR and more
Joint-Stock Company – 35 000 EUR and more
Founders (Shareholders)
legal entities / individuals
residents / non-residents
residents / non-residents
at least — 1 person
LLC is a legal entity. LLC is liable to the full extent of its assets. LLC is not liable for obligations of its shareholders, and its shareholders are not liable for obligations of LLC.

Practical use of a Latvian company?

Holding company is used to improve tax efficiency of the whole goup, and tax relief is the key factor to create such a company. Latvia has a favorable tax regime for creation and operation of holding companies.
Benefits of Latvian Holdings Companies:

  • dividends received and dividends paid by a Latvian company are not subject to taxation;
  • capital gains from sale of shares are not subject to taxation;
  • interest and royalty paid to non-residents are not subject to taxation.

Trading company is used to make a profit on trade transactions. A company can sale goods or provide services with minimum tax expenses.
Benefits of Latvian Trading Companies:

  • free economic activities in the EU;
  • VAT registration when conducting activities in the EU;
  • EORI for export and import transactions;
  • company assets and turnover are not subject to taxation;
  • trade transactions are not subject to VAT;
  • export transactions are not subject to VAT.
Benefits of Latvia?
  • simple company registration and management process;
  • company registration process takes 5 days;
  • good reputation in business area (the country is not blacklisted by other states as an offshore territory);
  • social environment of business is understandable for investors from the CIS states;
  • widespread use of Russian in business environment;
  • geographic proximity and therefore dealing of Latvian companies with businesses from the CIS states;
  • a holding company has no restrictions on types of activity, official domicile of its shareholders, size of shareholding, and shareholding period;
  • Riga’s location is convenient for visiting and personal participation in company management;
  • in contrast to Malta, Cyprus, Great Britain and Ireland, setting up a company in Latvia is an opportunity to obtain a residence permit for an investor and his/her family members.


Can’t find the necessary information on our website? Please contact our advisor and have your question answered promptly and in a competent manner



  • info@eurocollegia.com
  • Zemitana street 6, Riga, LV-1012, Latvia

Order a call

Eurocollegia Eurocollegia
emb. Presnenskaya, 6 Moscow Russian Federation 123100
84952557551 84952557551 info@eurocollegia.com RUB