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Latvia Business, Taxation and Offshore Information

This page was last updated on 7 July 2020.

Latvia is one of the three Baltic States that lie on the east coast of the Baltic Sea. Estonia is to the north of Latvia and Lithuania to south, the Russian Federation to the east and Belarus to the southeast.

Latvia has 531 km (330 miles) of coastline on the Baltic Sea and a total land area of 64,589km2 (24,957 sq mi.). The population is just under 1.9 million (April 2020). Latvian is the official language, with Russian, German and English widely spoken.

The president is elected for a four-year term by the Saeima, Latvia’s parliament; the current president is Egils Levits, who entered office on 8 July 2019.

Like most of the former USSR countries, Latvia has had to cope with the privatisation of most of its economy. However, Latvia’s geographical location has helped it remain a key transit point for north-south and east-west trade flows between the USA, the EU, the Far East, Russia and the rest of the Commonwealth of Independent States (CIS), making the transport sector one of Latvia’s most important. The country joined the WTO in 1999 and the EU in 2004. More »

 

Latvia Knowledge Base

Latvia: Country and Foreign Investment
A quick overview of Latvia - its history, geography, and business advantages.
Latvia Executive Summary »
Latvia Geography »
Latvia History, Population, Language and Culture »
Latvia Government »
Latvia Economy and Currency »
Latvia Entry and Residence »
Latvia Business Environment »
Latvia Investment Incentives »

Latvia: Types of Company
A look at various types of company in Latvia, providing options to suit different business needs.
Latvia Company Introduction »
Latvia Limited Liability Company »
Latvia Joint Stock Company »
Latvia General Partnership »
Latvia Limited Partnership »
Latvia Branches and Representative Offices »

Latvia: Tax-Efficient Regimes and Sectors
These pages examine tax-efficient sectors in Latvia, in order to identify which business forms have available tax incentives.
Latvia Tax-Efficient Business Forms »
Latvia Tax-Privileged Business Sectors »

Latvia: Law of Offshore
A hub for information about the main laws and statutes affecting offshore and non-resident businesses in Latvia.
Latvia Table of Statutes »
Latvia Law on Free Zones »

Latvia: Domestic Corporate Taxation
A guide detailing the scope and rate of taxes affecting companies in Latvia.
Latvia Scope of Corporate Tax »
Latvia Corporate Tax Rates »
Latvia Calculation of Taxable Base »
Latvia Filing Requirements and Payment of Tax »
Latvia Withholding Taxes »
Latvia Value Added Tax »

Latvia: Personal Taxation
An overview of applicable taxes for individuals in Latvia.
Latvia Residence and Liability for Taxation »
Latvia Rates of Income Tax »
Latvia Social Security Taxes »
Latvia Property Taxes »
Latvia Inheritance and Gift Taxes »

Latvia: Double Tax Treaties
Treaties and international agreements that Latvia has in place, to mitigate the effects of double taxation.
Latvia Tax Treaty Introduction »
Latvia Table of Double Tax Treaties »
Latvia Other International Agreements »

Latvia: Related Information
Other useful information pertinent to Latvia.
Map of Latvia »