Registration for a sole trader

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A sole trader is a natural person who carries out an economic activity and is liable for his or her obligations with all his or her property.

A natural person is required to register himself or herself in the Commercial Register as a sole trader if he or she meets any of the following characteristics:

 

  • The annual turnover from the performed economic activity exceeds 284,600 EUR;
  • The economic activity corresponds to the activity of a commercial agent or a broker;
  • The annual turnover from economic activity exceeds 28,500 EUR.
  • More than five employees are employed at the same time to carry out their economic activities.

 

  •  COSTS
    • STATE FEE – 30 EUR (registration within 1-3 working days)
    • FEE FOR PUBLICATION IN THE JOURNAL OF LATVIA – 18.50 EUR
    • COSTS OF OUR SERVICES – 100 EUR