Latvia
Company Formation Services

Company Formation in Latvia
A New Tax Haven in the EU

Why Latvia

Latvia is in the European Union and in Euro-zone. Corporate tax 15% is one of the lowest rates in the EU. In EU average corporations is 23.5 percent. Companies can obtain VAT number and Tax Resident Certificate within days. Latvian companies are usually most cost-effective in terms of accounting and administration. They are the easiest to set-up. No personal visit is required for company registration or bank account opening. That is why they are often opted over other European analogues.

Latvia become a new tax haven.

Since January 2013, significant modifications to corporate income tax have taken effect, making Latvia an attractive location for establishing holding companies.

The new tax law has benefits for those paying income tax, allowing an exemption for dividends paid out by residents to non-residents, and vice-versa.

Furthermore, as of 2014 Latvian holding companies will no longer have to pay taxes on interest and licensing fees they pay to foreign companies. This will make the country ever more attractive to foreign investors who set up holding companies in Latvia.

Latvia – The New Tax Haven

Latvia seeped into the Eurozone in 2014! It has witnessed drastic changes and improvements with respect to both financial and economic aspects. Latvia is loaded with splendid investment policies and tax laws that can make you truly profitable. To be more precise, Latvia has become the next Cyprus. You will be astonished to note that Latvia is gearing up various EU finance ministers to improve its economical stature. Though the nation is filled with convincing policies and rules; some worry if existing tax rewards would prevent it from being the next biggest tax haven in Eurozone. Rapid changes in Latvia are capable of rupturing and destabilizing the current European economy.