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Legal Forms of Companies

The sabiedriba ierobezotu atbildibu (SIA) is a Private Limited Company.
Number of partners: No minimum
Capital (max/min): Minimum EUR 2,800. 50% of the capital must be released at the incorporation and the remainder within the year.
EUR 1 for micro-companies.
Shareholders and liability: Liability is limited to the amount contributed.
The akciju sabiedriba (AS) is a Public Limited Company.
Number of partners: No minimum
Capital (max/min): Minimum EUR 35,000. 50% of the capital must be released at the constitution and the remainder within the year.
Shareholders and liability: Liability is limited to the amount contributed.
Pilnsabiedrība (PS) is a General Partnership
Number of partners: Minimum of 2 partners
Capital (max/min): No minimum capital required.
Shareholders and liability: Unlimited and joint for all partners
Komanditsabiedriba (KS) is a Limited Partnership
Number of partners: Minimum of 2 partners, at least one active and one "sleeping" partner
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is unlimited for active partners and limited for sleeping partners

Business Setup Procedures

Setting Up a Company Latvia Eastern Europe & Central Asia
Procedures (number) 4.0 5.3
Time (days) 5.5 11.8

Source: Doing Business - Latest available data.

 
The Competent Organisation
Here is the link to the Register of Commerce in Latvia.
For Further Information
Consult Doing Business Website, to know about procedures to start a Business in Latvia.
Lursoft, Data bases for enterprises.

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Actualitzacions: September 2022

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