LATVIA

COMPANY FORMATION
LIMITED LIABILITY COMPANY

INCORPORATION FEES

INCORPORATION FEES
LIMITED LIABILITY COMPANY
Processing and Registration Fees – Euros 2,250.00
Provision of Registered Office as legally required – Euros 980.00/annual
Provision to cover post charges – Euros 200.00
Annual maintenance fees – Euros 1,250.00/annual (*)
Drafting of articles of incorporation and articles of association – Euros 450.00
Capital Transfer Tax (assuming LVL 25,000 capital) - Euros 360.00
Court fees - about Euros 475.00
Notary fees - Euros 970.00 (VAT included)
Registration with Latvian Registrar of Companies – Euros 720.00
Publication in the Official Journal – Euros 250.00
Other filing and registration fees – Euros 200.00
VAT registration – Euros 570.00
Opening of a local bank account in Latvia– Euros 870.00
2nd Set of Certified Statutory documents for bank account opening purposes – Euros 375.00
Internal courier costs – Euros 200.00
Company Seal – Euros 75.00
DHL delivery of documents – Euros 70.00
(*) 1st year fees will be payable together with incorporation fees

Remarks:
Share Capital not included
Accountancy services and bookkeeping not included; should you wish to contract these services directly with our Firm, please contact us.

IMPORTANT REMARK:
First year – Fees are considered from the date of formation until the 31st December same year
2nd and subsequent years – All annual fees marked above as “/Annual” become due from the 1st January each ear, and are payable until the 31st January

ANNUAL FEES
The Annual Fees are concerned with the following services:
Annual Statutory Fee, which includes:
- Local incorporation agent to provide you all services relating company matters (registered agent facilities);
- Filing statutory returns with official departments, required, to be the company active and alive;
- Liaison with the registered office and the registered agent in the jurisdiction of incorporation, attending to the payment of the Annual Government License Fees and other government fees;
Annual Compliance Fee, which includes:
- Attending to routine compliance matters (inclusive of periodic file reviews), reviewing official correspondence received and other routine matters incidental to good corporate governance;
- Processing and Return Filing with Internal revenue, Registrar of Companies, and other official departments

NOMINEE SERVICES – OPTIONAL
Nominee Services are recommended to those people who wish and require 100% privacy, confidentiality and anonymity as to his relationship with the company. In such case, your name will not appear on the official files of the Registrar of Companies, but the nominees’ names. You can however manage to run the company through a full P.O.A. – Power of Attorney - which can be issued as per your own verbiage or ours. We can provide you a draft for your analysis.

NOMINEE FEES
Provision of Nominee Shareholder –Euros 750.00/annual
Provision of Nominee Director –Euros 2,250.00/annual
Certified and Apostilled Power of Attorney issued in your behalf, to manage the company and its bank accounts - Euros 650.00

We shall provide you a verbiage/draft for this POA, for your client’s approval. Otherwise, you/he can draft it, and send it back for us, for execution.

Remark: In case you will contract our Nominee Services, a Power of Attorney (certified and apostilled) will be provided in your name, together with following documents:

- Nominee Services Agreement
- Delegated Member(s)’s Declaration
- Delegated Member(s)’s Resignation Letter(s), signed and undated

FULL SERVICED VIRTUAL OFFICE IN LATVIA
Additional services:

Exclusive Telephone Number in Latvia with all calls diverted to your own phone line outside Latvia - 980.00/annual
Set up fee – Euros 50.00
Provision to cover diverting charges – Euros 500.00

Exclusive Fax number in Latvia with fax re-forwarding services on a daily basis – Euros 980.00/annual
Set up fee – Euros 50.00
Provision to cover fax re-forwarding charges – Euros 200.00

BANKING IN LATVIA
Recommended Banks:

Aizkraukles Banka
Bank of Latvia
Parex Bank
Paritate Bank
Rietumu Bank
Rigas Komercbamka PLC
Trust Commercial Bank

DELIVERY OF DOCUMENTS
We can either dispatch the documents to you by DHL or any other express courier, if a faster delivery service required.

HOW TO START INCORPORATION PROCESS
As to start the incorporation process, we only need an email from you, with your order, confirming the required optional services, if any. A Proforma invoice will then be delivered to you with our banking coordinates so that you may settle payment by swift wire bank transfer.

DOCUMENTS AND INFORMATION REQUIRED
1 - In case you do not contract our Nominee Services, we need you to provide us the names of the persons or Corporate bodies who will be appointed by you as the company Shareholders, and the name of the individual (s) to be appointed as the company’s Director(s). Certified copies of passports and addresses will be required.
2 - In case you will contract our Nominee Services, it will be required the same documents but just of your person, as the Beneficial Owner of the company and its attorney, to enable us to issue the Power of Attorney in your behalf.
3 - Also 3 – 4 alternative names will be required to enable us to make the name search and approval for the company.

TIME REQUIRED FOR INCORPORATION
Approximately, three weeks time only.
VAT registration – One to two weeks time in average.

OUR SERVICES
Consulting, tax planning, company structuring
Company registration,
Providing legal seat and office facilities,
Management services,
Bank account opening,
Providing legal representative,
Bookkeeping, audit,
VAT registration and accounting,
Payroll accounting,
Supplementary documentation,
Notary public and international legalizations

Hope all above information meets your requirements and needs.

In case you may have any further matter or question to clarify, please don’t hesitate to contact us, before taking your decision.

Hope all above information meets your requirements and needs.

In case you may have any further matter or question to clarify, please don’t hesitate to contact us, before taking your decision.

OFFSHORE INCORPORATION SERVICES
COMPANY FORMATION & MANAGEMENT SERVICES
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INTERNATIONAL BUSINESS COMPANIES
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TRUSTS
PRIVATE & FAMILY FOUNDATIONS
BANK FORMATION
PANAMANIAN LICENSED FINANCIAL CORPORATIONS
NEW ZEALAND OFFSHORE FINANCIAL INSTITUTIONS
SECURE & CONFIDENTIAL NOMINEE STRUCTURES
INCORPORATION IN EUROPE AND
MAJOR INTERNATIONAL OFFSHORE CENTRES
OFFSHORE BANKING
WORLDWIDE FULL SERVICED VIRTUAL OFFICES

FREE CONSULTANCY

info@eurofinanzza.com