www.europe-company.com

formation of latvia limited liability company (ltd) republic of latvia is member of european union and is located in the northeastern part of europe, at baltic sea. latvia borders with russia, belarus, lithuania and estonia. latvian limited liability company may be useful to do some business related with services providing and business for which is not necessary to employ many employees. rate of company income tax for latvian company is 15%. withholding tax (dividend) rate is 10%. directors (member of board of directors) are allowed to fulfil their obligations without remuneration. so no taxes concerned with salaries. limited liability company in most cases per month is required to submit one-two tax reports. each year company must submit annual report. directors are shareholders of company can be from any state (no requirement to be latvian citizen). to operate with company not necessary to arrive (reside) in latvia. bank operations can be done by internet bank. amount of equity (shar