Formation of a LLC (Ltd with no minimum capital requirement)

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  • The amount of the share capital is 1 EUR to 2799 EUR
  • The minimum amount of share capital is 1 EUR
  • Founders (members)can be only natural persons and their maximum is 5 people.
  • Only shareholder may become a member of the board
  • A participant may only be in one small capital company at a time
  • The share capital can be paid only with a cash investment
  • COSTS:
  • 1 founder LLC – 20 EUR (within 1-3 working days).
  • 2-5 founders of LLC – 20 EUR (within 3 working days).
  • 2-5 founders of LLC – 60 EUR (within 1 working day).
  • FEES for publication in the government newspaper – 14.23 EUR.

Please fill in the information we need to establish your new limited liability company:



LLC Foundation Application Form
(to check whether such a name has not already been registered, check it here and the name may not include a trademark already registered with the Patent Office of the Republic of Latvia, you can check it here databases)
(the address must match the address indicated in the State Cadaster System, you can check it here Info: The address can be registered only in a building or a group of premises (apartment), it cannot be registered in a property consisting only of land If the real estate consists of several groups of premises, it is necessary to indicate the exact number of the group of premises in which the legal address is registered. If you do not have a legal address, we can offer you to rent it)
The owner of the registered office is a INDIVIDUAL
The owner of the registered office is a LEGAL ENTITY
INFO: The minimum amount of share capital is 2800 EUR
For example: 2800 EUR share capital is divided into 2800 shares, with a nominal value of 1 EUR for each share
INFO: The share capital is paid by the founders, it can be paid with a cash or property investment. The share capital must be paid in at least 50%, the rest within a year from the entry in the commercial register. If a cash investment is made, the founders shall open an account in any selected bank in the name of the company to be established, pay in the share capital and receive from the bank a certificate addressed to the commercial register authority or another document issued by the bank confirming the paid-up share capital.
INFO: There is no limit of the count of founders
INFO: Address for receiving correspondence
INFO: Address for receiving correspondence
In the case of the second option, the number of board members
If you chose to apply for VAT status, indicate your type (s) of economic activity according to NACE2 version (see here
Info: The e-mail address provided will only be used to send you an invoice for the services provided and the documents prepared.
Info: Information is optional. Indicate only if you want us to contact you by phone if we have any questions.


1. What are the conditions for the establishment of a LLC?

Required share capital, which can be from 1 to 2799 euros. Founders may be only natural persons; their number may not exceed 5. Persons may not be members of several small-scale limited liability companies. Only the founders of this LLC may be appointed as members of the Board. You must also pay a state fee (20–60 euros depending on the number of participants and the speed of registration), a fee for publication in the Government newspaper (14.23 euros), as well as, if necessary, for the preparation of documents. The cost of DSSLegal services is 150 euros.

2. How to become a micro-enterprise taxpayer?

The status of a micro-enterprise seems attractive to many with its simple administration and convenient accounting. To become a micro-entrepreneur, an application for obtaining the status of a micro-enterprise taxpayer is required.

3. Does LLC require a registered office?

Yes. And it can only be in a building or apartment. Address cannot be on land. It is also possible to rent a registered office.

4. In which cases can LLC apply for micro-enterprise tax status?

If all the conditions for the establishment of LLC are met, as well as the annual turnover from operating income does not exceed 25,000 euros.

5. Are there any restrictions on choosing a business name?

The name of the company can be chosen freely, but – it must not coincide with a company already registered, as well as a trademark registered in the Patent Office.

6. How the share capital must be paid?

The founders open an account in any bank in the name of the company to be established and pay in this share capital. A statement or other document confirming the amount of paid-up share capital is received from the bank. 1 EUR share capital does not have to be paid.