Latvia Company formation and Registration
Types of Corporations
In Latvia, the following are very acceptable forms of incorporation:
A Private Limited Liability Company (with the suffix SIA)
- The minimum registered share capital is LVL 2,000. (approximately Euro 3,000).
- The company is prohibited from offering its shares to the public or from trading on the Stock Exchange..
- The shareholders' undertaking is limited to the amount of the capital invested only.
- The company does not issue share certificates and registration of the shareholders is recorded in the "Shareholders Register".
- A director must be appointed for the company.
A Public Limited Liability Company (with the suffix AS)
- The minimum registered share capital is LVL 25,000 (approximately Euro 38,000).
- The company may offer its shares to the public.
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