Establishing a Latvia subsidiary is one of the most important steps in your expansion. You need a registered entity before you can hire employees, establish a payroll, and give out benefits and compensation. However, it can take months and substantial resources to set up a Latvia subsidiary.
G-P can help you start working faster. You won’t have to set up your own Latvia subsidiary because you can leverage our EOR solutions. You also won’t have to worry about Latvia’s subsidiary laws because we’ll manage all compliance matters for you.
How to set up a Latvia subsidiary
Before you set up a subsidiary in Latvia, you need to find the best location and the best entity for your company. Different cities or regions can have different Latvia subsidiary laws to follow. 如果您不熟悉拉脱维亚的地区，我们建议您与专业顾问合作，他们可以帮助您找到最适合注册的地方。
接下来，您需要查看可以合并的不同实体。 拉脱维亚将允许您合并为几种结构之一，包括有限责任公司 （LLC）、股份公司、分公司或代表处。 每个拉脱维亚子公司都有自己的法律、时间和限制。 选择正确的实体将改变您作为拉脱维亚公司所能做和不能做的事情。
将您的拉脱维亚子公司设置为 LLC 的步骤包括：
- Choosing a unique company name that contains only Latin or Latvian letters.
- Drafting Articles of Association and the Memorandum of Association.
- Depositing minimum capital into your company’s in-country bank account.
- Registering the subsidiary with the Commercial Register.
- Registering for VAT purposes depending on your company’s commercial activities.
- Obtaining any special permits and licenses that may apply to your industry.
Latvia subsidiary laws
Many companies incorporate as an LLC because its Latvian subsidiary laws are favorable for international companies. 但是，为了保持合规，您仍然必须遵守许多法律。 For example, you’ll need at least 1 shareholder and 1 director who can be of any nationality. Total minimum share capital can be no less than EUR 2,800, and you need to deposit at least 50% when you register your subsidiary.
If you meet 2 out of 3 criteria below, your Latvia subsidiary will need to go through an audit:
- Over EUR 800,000 in annual turnover
- Over EUR 400,000 in assets
- 本年度平均25员工人数
Benefits of setting up a Latvia subsidiary
Although it can take weeks or months to set up your Latvia subsidiary, you’ll get the benefit of working in the country. LLC 还将保护您的子公司和母公司，并允许它们在一定程度上独立运营。 您的母公司不必担心子公司的罚款或诉讼，您的子公司将有机会选择自己的结构。
However, you won’t realize these benefits until you spend months setting up your Latvia subsidiary. Instead, G-P can provide the same benefits and more. As a global Employer of Record (EOR), we’ll help you start working in as little as a day, and you won’t have to worry about Latvia’s subsidiary laws.
其他重要考虑因素
If you decide to register your own subsidiary instead of working with a global EOR, you’ll need time, money, and an expert to succeed. It usually takes at least 4 weeks to establish an LLC, and you’ll need to travel back and forth to Latvia during that time.
如果您没有拉脱维亚子公司法律专家，那么建立子公司将需要更多的时间和金钱。 尝试寻找律师、会计师或顾问，他们可以帮助您在整个过程中保持合规。
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