Back To Top

Your Lowtax Account


Latvia: Types of Company

Branches and Representative Offices

Foreign-owned branches are taxed at the same rate as Latvian companies; reporting and audit requirements are also the same as for Latvian companies. Profits can be repatriated without withholding tax, and dividends transferred abroad are subject to 10% withholding tax. Documents required to be filed with the Registrar include:

  • An application to register;
  • Receipt for the payment of the state fee (LVL20) for recording the branch in the Commercial Register;
  • Receipt confirming payment (LVL16) for the announcement in the official newspaper Latvijas Vestnesis.

Representative offices cannot trade or do business in Latvia, and are only allowed to advertise and promote their company. They are regarded as an effective and low-cost means for establishing a presence in Latvia. Documents needing to be filed with the Registrar include:

  • An application to register;
  • The Memorandum and Articles of Association of the parent company;
  • The foreign registration certificate of the parent company;
  • An authorised decision of the parent company to establish the registered office in Latvia;
  • An authorised decision appointing the head of the registered office;
  • A document (passport, lease agreement) confirming the legal address of the registered office;
  • A notarised signature sample of the head of the registered office;
  • A copy of the registered office head's passport;
  • Receipt for the payment of the state fee (LVL20) for recording the registered office in the Commercial Register;
  • Receipt confirming payment (LVL16) for the announcement in the official newspaper Latvijas Vestnesis.

 

 

Back to Latvia Index »