Private limited company
Sabiedrība ar ierobežotu atbildību (SIA), private limited liability company SIALatvia
What it takes to form, own and run a private limited company in Latvia, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
Owners' liability
Limited to what the owners put in
Officiallikumi.lvRead 10 Oct 2026
Quote
A shareholder shall not be liable for the commitments of the company.
Owners
At least 1 · a company may be one
Directors
At least 1 · none need live there · individuals only
Officiallikumi.lvRead 10 Oct 2026
Quote
The executive board may consist of one or more members. (3) A natural person with the capacity to act may be a member of the executive board.
Minimum capital
EUR 2,800
Officiallikumi.lvRead 10 Oct 2026
Quote
The minimum amount of the equity capital of a limited liability company (hereinafter in this Division - the company) shall be EUR 2800.
Formation fee
EUR 75
Officiallikumi.lvRead 10 Oct 2026
Quote
1.2. personālsabiedrība 1 , sabiedrība ar ierobežotu atbildību 1; 4 gab. 75,00
Tax on profit
On distribution · 0% retained1 special regime may apply
Officialvid.gov.lvRead 10 Oct 2026
Quote
CIT at the rate of 20% shall only be paid from the profit share which will be distributed or disbursed as dividends, or used for purposes not directly related to business development.
Resident director needed: NoFormed online: Yes
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Not required
- Paying up the capital
- All equity capital specified in the memorandum must be subscribed and paid up before the registration application is submitted.
Quote
The founders shall subscribe to and pay up all the equity capital specified in the memorandum of association until the submission of the registration application
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · individuals only
Quote
The executive board may consist of one or more members. (3) A natural person with the capacity to act may be a member of the executive board.
- Shareholders
- At least 1 · a company may be one
Quote
The company may be founded by one or several founders.
- Members
- At least 1 · one person may form it alone
Quote
The company may be founded by one or several founders.
- A local company secretary
- Not required
Quote
The administrative bodies of the company are the meeting of shareholders and the executive board, as well as the supervisory board (if such has been established).
- A local registered agent
- Not required
Quote
The executive board shall specify in the application the legal address of the company, including the cadastral designation of the immovable property object (building, residential property or premises), and certify that the company is reachable and it has legal basis to be at the specified
Each year, at the registry
- Annual registry fee
- Not stated
The registry’s and the law’s own pages do not mention it.
- Accounts on the public record
- Yes
Quote
The Enterprise Register shall ensure public access to the received documents.
- Audit for a small company
- Not required
Quote
if it is a medium-sized or large undertaking or if its transferable securities are admitted to trading on a regulated market
- Audit
- Medium-sized and large undertakings, and those with securities on a regulated market, must have the annual statement audited by a sworn auditor. A small undertaking is audited only if it exceeds two of three limits for two years running (balance sheet EUR 1,000,000; net turnover EUR 2,000,000; 50 employees), is a group parent, or is a public-entity capital company (s.91(2)); micro undertakings are not audited on size.
Quote
if it is a medium-sized or large undertaking or if its transferable securities are admitted to trading on a regulated market
Important dates
When each obligation falls due, as the authority states it.
- Regular meeting of shareholders to approve the annual statement and decide on the use of p
- Not in our records
With not filed
Not stated on likumi.lv/ta/en/en/id/5490-commercial-law when checked
- Creditors are invited to submit claims after the Register publishes the notice of liquidat
- Stated; see the note
With liquidator
One month after publication unless a longer term was set by the shareholders' meeting or a court ruling (Section 324(3)).
What is public
- Directors
- Public
Quote
Everyone has a right to become acquainted with the records of the Commercial Register and the documents submitted to the Commercial Register Office.
- Shareholders
- Public
Quote
Everyone has a right to become acquainted with the records of the Commercial Register and the documents submitted to the Commercial Register Office.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
On distribution · 0% retained+1 regime
Corporate income tax at 20% is charged on distributed profit (and conditionally distributed profit), the taxable amount divided by 0.8; reinvested profit bears 0%.
Quote
CIT at the rate of 20% shall only be paid from the profit share which will be distributed or disbursed as dividends, or used for purposes not directly related to business development.
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
Special regimes that may apply
- Tonnāžas nodoklis tonnage
Domestic undertakings granted tonnage tax payer status by the State Revenue Service, in respect of ships used in international carriage and related activities Uzņēmumu ienākuma nodokļa likums, 4. pants, sešpadsmitā līdz divdesmit pirmā daļa
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Latvia
- Yes
Close it
Closing it
The other end, which most guides leave out.
- Route
- Shareholders decide to terminate; the board files the decision for entry within three days; liquidation follows with a creditor claims period.
Quote
The executive board shall, within three days from the date of taking the decision to terminate the activities of the company, submit the decision for entry in the Commercial Register.
- Statutory fee
- EUR 30
Quote
5.1. komercsabiedrības likvidācijas uzsākšana un pabeigšana, izslēgšana no komercreģistra 1; 4 gab. 30,00
Every business in Latvia
VAT
- Standard rate
- 21%Official European Commission, Taxes in Europe Database situation on 2026/07/01
Payment and banking services
5 services name Latvia on their own list: Paysera, Airwallex, Stripe, Revolut, N26. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Sabiedrība ar ierobežotu atbildību (SIA), private limited liability company (SIA)
- ISO 20275 code
- ES2DSecondary GLEIF, Entity Legal Forms code list