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Company in Latvia, Business in Latvia

In Latvia there are two economic zones, in which a company does not have to pay VAT, duty and excise. It also obtains 100% exemption from the real estate tax and up to 80% allowance in tax on legal persons.

Sole trading activity can be carried out by everyone with resident permit. Process of establishment lasts 11 days. For additional fee the process can be shortened to maximum four days. Minimal stock capital is 2 000 Litas. At least 25% of this sum must be paid in cash.

Process of establishment must be started in Companies Register. 14 documents are required: application with signatures of the founders, Articles of Association, Protocol from the first meeting of shareholders, document presenting the sum of the stock capital, signed by the shareholders, information about contribution, certificate from the bank stating that sum of 2 000 Litas was paid in, Statute signed by the owners, address, notarized signaturesí patterns (of persons entitled to represent the company). Additionally the copies of passports of a/m mentioned persons are required, power of attorney for person who will sign the application and pick up the registration documents, certificate with stamp fee and fee for publication in the "Latvijas Vestnesis" and the copies of passports of the owners.


company incorporation in Poland, liquidation of a company in Poland