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Timescales and Fees

Company formation » Timescales and fees


The company can be formed in two days if there is only one shareholder.
Five days to form the company once the application to State Enterprise register has been signed and share capital has been transferred.
10-15 business days to obtain VAT number.
Shelf companies are available (documents for registering are available in 5 days), whereby a one day visit is enough to handle all required documentation and visit to the bank.
Please feel free to contact us for additional information about these or alternative arrangements and possibilities.


Company formation, bank account and VAT registration: €1000 plus VAT;
Shelf company, bank account and VAT registration: €1,000 plus VAT;
Legal address in Latvia for company, incl. mail forwarding: : €80 plus VAT per month;
Accounting services (This includes, complete accounting service, up to 50 entries per quarter.): €200 plus VAT per month.

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Tel. (371) 29 112 333