Выбрать юрисдикцию
  • Canada
  • Cyprus
  • Great Britain
  • Estonia
  • Georgia
  • Hong Kong
  • Hungary
  • Latvia
  • Lithuania
  • UAE
  • Poland
  • Singapore
  • Switzerland
  • USA
+16478464418
Call me
120 Newkirk R., 34, Richmond Hill, Ontario, Canada
Azatutyan 24/15, Yerevan, Armenia
Rus Eng
  • What do we offer
  • Jurisdictions
  • Stages
  • Documents
  • About
  • Contacts

Call me
Rus Eng

Description

The most popular form of legal entity among foreign investors is a limited liability company (SIA) – an analogue of Russian limited liability company.

It is ideal for international trade operations, holding, transport and logistics, IT activities, marketing and consulting services carried out both within the EU and beyond.

Advantages

  • The ability to obtain a certificate of tax residency of the company (that is a frequent requirement, for example, to participate in tenders)
  • Low cost of company administration
  • The tax burden is lower than the average for Eastern Europe and Scandinavia
  • A wide network of agreements on the avoidance of double taxation, including Russia and Ukraine
  • No need to apostille documents upon presentation to various official institutions of Ukraine and Russia
  • It is possible to obtain a residence permit based on a valid business

Taxes

Retained earnings tax – 0%. When distributing profits – 20% tax on dividends.

Registration conditions

Most of the organizations in Latvia are LLCs. For this form, the authorized capital is set at 2800 EUR. On an individual basis, you can agree on the authorized capital as for a micro-company – from 1 EUR. One or more directors may be appointed. It is recommended to employ an individual resident of Latvia as a director. A company can be incorporated by one or more individuals. There are no residency and nationality requirements.

Services and prices

Registration of a company

The cost of registering a company is 1565 EUR.

It includes:

  • Submission of documents for remote registration of a company
  • Payment of mandatory state fees
  • Legal address for one year

Opening an account

The cost of opening an account is 700 EUR.

Accounting department

Accounting services – from 130 EUR per month (up to 25 transactions per month). The cost of the annual report is 90 EUR.

Accompaniment suggestions in opening accounts
SERBIA – API Bank
from 2000 EUR

AO API Bank Belgrade was formed as a result of the sale of the bank AO VTB Bank Belgrade to Russian investors in July 2018. Digital banking and the use of the latest financial technologies are fundamental elements of the bank’s development strategy. API Bank will provide its customers with secure and easy-to-use digital solutions.

Advantages

  • The term for opening an account is 4-6 weeks from the date of sending the documents for consideration;
  • Online Bank;
  • No requirement to maintain a minimum balance;
  • They work with many currencies: EUR, RUR and others;
  • Democratic compliance;
  • There is a personal manager;
  • Representative offices in Moscow, Kiev and Belgrade.

Requirements

  • Real meeting with the beneficiary.
SWITZERLAND – CIM Bank
from 1500 EUR

The bank was founded in Geneva in 1990 as Unibank (Suisse) SA. In 1993 it was renamed CIM Banque. Bank CIM Banque (SIM Bank) is a member of the Swiss Stock Exchange and a member of the Association of Swiss Banks.

Advantages

  • Swiss Bank – a prestigious European jurisdiction;
  • Remote opening is possible;
  • Modern internet banking;
  • Multi-currency accounts;
  • Issuance of corporate bank cards.

Requirements

  • Activation deposit 10000 USD / EUR / CHF (minimum account balance 1000 USD / EUR / CHF);
  • An office lease agreement and the presence of local employees in the country of registration are required.
Required documents
Required documents for registration of a company and pre-acceptance of an application for opening an account.
Application form
Passport
Proof of address
Opening an account in a foreign bank in two weeks

Make a request, the manager of Tailor-Made Solutions will contact you within one working day and consult you on any questions

Jurisdiction questions
Do I need to pay the director's salary?
Yes, there are requirements for payment the company director`s salary. Expenses per month approximately 800 euros, including taxes and mandatory social security contributions.
Is information about the beneficiaries of the company disclosed?
Yes, information about the beneficiaries is submitted to the officially public register.
Can I open a local bank account?
Yes, opening an account in local banks is possible.
Do I need to file reports?
The company must submit annual financial statements.
Do I need to leave for registration?
No, everything can be done remotely.
Can a nominee service be used?
No, nominee service is not provided.
What taxation?
Since 2018, the reforms of the tax system in Latvia have abolished the tax on retained earnings. Withholding tax on dividends is 20%.
Are there residency requirements for director / shareholder?
No, there are no residency requirements for directors and shareholders.
get
a consultation
Is free




    By clicking on the button, you agree to the processing of personal data
    We will tell you more
    about the countries




      By clicking on the button, you agree to the processing of personal data
      We will help you with the collection of documents




        By clicking on the button, you agree to the processing of personal data
        Let's open an account in a foreign bank in two weeks




          By clicking on the button, you agree to the processing of personal data
          get
          a consultation
          Is free




            By clicking on the button, you agree to the processing of personal data

            Success!

            You message send.

            What do we offer Jurisdictions Stages Documents About Contacts

            Call me
            © 2023. All rights reserved.
            Privacy
            Design