Your EU company structure in Latvia, planned right.
Independent, English-speaking advisory firm based in Riga. We map the right structure for your business, explain how it is taxed and prepare each step (banking, bookkeeping, EU VAT and OSS), then guide you through signing and filing as the owner. One contact, plain English.
- 0% on retained earnings, 20% corporate tax only on distributed profits. Latvian statutory law since 2018.
- Fully remote, in English, no trip to Riga needed.
- A written, costed plan within 48h of your first call. You decide with numbers in hand.
- One point of contact for structure, Latvian tax, EU VAT and OSS, banking and bookkeeping.
Dozens of entrepreneurs supported since 2023, across Europe and beyond.
An English-speaking advisory firm, on the ground in Riga.
No resellers, no middlemen. The people who prepare your filings work here.
A real office, not a mailbox
Balt Partners is based in Riga, with its team on the ground. We know how the Latvian tax authority and the banks work, and we work with you in English.
0% on retained earnings, by Latvian law
As long as profits stay in the company, the corporate tax rate is 0%; tax is due only when profits are distributed, at 20%. Latvia's statutory framework since 2018, aligned with EU directives.
End-to-end, one contact
Company structure, Latvian taxation, EU VAT and OSS, bookkeeping and ongoing advice. We prepare the documents and guide each step; you sign and file as the owner.
Four things people get wrong about an EU company in Latvia.
The beliefs we've heard a thousand times, and what the law actually says.
Free, 20 minutes, no commitment
Four steps from first call to a running company.
We prepare each document and guide you through it; you sign and file as the owner.
Strategy call
20 minutes to understand your business and map the EU entity it needs: VAT, OSS, marketplace and contract requirements.
Day 1Written plan with numbers
You receive a written plan: company structure, tax setup, timeline, firm quote. No surprises.
Within 48hSIA + bank account
We prepare your Latvian company formation file; you sign it and file it as the owner. Then we help you open a business account with a Latvian bank. No mandatory travel.
Once you approveAccounting and tax follow-up
Bookkeeping, tax filings and ongoing advice, organised from Riga. The structure runs while you run the business.
Every monthOur firm is physically based in Riga.
Offices and team on the ground in an EU and Eurozone capital, reachable in English, in your time zone.
Latvia vs other EU routes.
Three EU-facing options, compared on tax, EU access, VAT and OSS.
| 🇬🇧 UK | 🇪🇪 Estonia | 🇱🇻 Latvia | |
|---|---|---|---|
| Tax on retained earnings | 25% | 0% | 0% |
| Tax on distributed profits | 25% + dividend tax | 20–22% | 20% |
| EU + Schengen | ✗ | ✓ | ✓ |
| Eurozone | ✗ | ✓ | ✓ |
| EU VAT & OSS access | Partial, post-Brexit | ✓ | ✓ |
What they say.
"EU setup done right."
The EU VAT and OSS registration let me invoice European clients and sell on Amazon Europe without friction. What I appreciated most was being walked through every step, with zero sales pressure.
"Easier than setting up a UK Ltd."
I never had to fly to Riga, and the accounting has been quiet ever since.
"A straightforward EU entity."
I needed a real EU-established company for my European contracts and marketplace sales. Latvia kept me inside the EU and Schengen, set up in English, and I signed and filed everything as the owner.
The six objections we hear all the time.
Is a Latvian SIA a standard EU company?
Yes. A SIA is Latvia's standard private limited company, incorporated under national and EU law. Latvia has been an EU member since 2004, joined the Eurozone in 2014 and the OECD in 2016. It gives you an EU-established entity for EU VAT, OSS and single-market trade, like a company formed in any other member state.
How does the 0% rate actually work?
Profits your company keeps or reinvests are taxed at 0%; corporate tax of 20% applies only when you distribute dividends, not before. This is Latvia's statutory framework since 2018, aligned with EU directives. We walk through what it means for your numbers on the call.
What does an EU company in Latvia cost, and how is it taxed?
Corporate tax is 0% on retained earnings and 20% on distributed profits, Latvia's statutory framework since 2018. Our firm fees for formation, EU VAT and OSS setup and bookkeeping are laid out in the written plan you receive after the call, with no surprises.
Do I have to spend 183 days a year in Latvia?
That question concerns your personal tax residency, not the company. The SIA benefits from the 0% regime on retained earnings regardless of where its owner lives. If Latvian tax residency is relevant for your situation, there are two routes: 183 days a year in the country, or a declared address held year-round. We cover what fits your case on the call.
Why Latvia for an EU entity?
Latvia combines EU, Schengen, Eurozone, OECD, NATO and EEA membership with EU VAT and OSS access. It offers 0% on retained earnings and 20% on distributed profits, and the Tax Foundation ranks its tax system 2nd most competitive in the OECD (2025 index). Our English-speaking advisers work from Riga.
How long until I'm operational?
It depends on your case. The Register of Enterprises and the bank set their own processing times, so we map your timeline on the call and confirm it in your written plan.
Ready to get your EU structure right?
Book 20 minutes with an English-speaking tax adviser based in Riga. If we can't help you, we'll tell you in 5 minutes. No commitment.
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