History of Latvia

One of the three Baltic States, the Republic of Latvia regained its independence in 1991. A member of the European Union since 2004, the country, which borders the Baltic Sea, in northern Europe, has experienced a period of strong growth . Latvia is very conveniently located in the center of Europe and is a center for business attractive.

Latvia Onshore Center

Latvia is well-known for its attractive tax system and to develop its economy by applying policies in Western Europe. The creation of an onshore company in Latvia is particularly advantageous for imports and exports. The country provides a high level of confidentiality and simplifies the accounting for non-resident investors.

Latvia Summary

On 1 January 2013, Latvia has established a system of zero-taxation for subsidiaries and equity investments, which makes it an ideal destination for holding companies. Furthermore, since Latvia is part of Europe, this state allows a company anywhere in Europe and pass on profits to Latvia without withholding tax to be deducted. The Latvian society can then transfer its profits offshore, without any further taxation. Shares of the parent company may, for example, be held by a company in Ras al Khaimah or other area zero tax.

Types of Latvian Society

Latvia offers the following types of companies: