Complex pack
Incorporation and administration of Limited liability company (LLC)
Includes:
- Documents preparation, submission and picking up from the Register of Enterprises;
- State fees;
- Notarial services;
- Opening a temporary bank account;
- Seal;
- Secretarial services – virtual office;
- Accounting services (processing to 50 operations per month);
- preparation and submission of annual report;
A limited liability company is a private company which shares are not publicly tradable objects. For LLC incorporation in Latvia is necessary to pay the minimum amount of the equity capital 2800 EUR. Equity capital is divided in equal shares. Every shareholder of the company has fixed quantity of shares and his liability for LLC obligations is limited by his total sum of shares. It means that every shareholder shall be liable for LLC obligations only with his property contributions in LLC.
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Incorporation and administration of Stock company (SC)
Includes:
- Documents preparation, submission and picking up from the Register of Enterprises;
- State fees;
- Notarial services;
- Opening a temporary bank account;
- Seal;
- Secretarial services – virtual office;
- Accounting services (processing to 50 operations per month);
- preparation and submission of annual report;
A stock company is a commercial company which equity capital consists of the total sum of the par value of equity capital stocks. A stock company is a public company which stocks may be publicly tradable objects. Stock capital of the stock company may not be less than 35 000 EUR. Stock capital consists of equal shares (stocks). Liability of stockholders, as well as in LLC, is limited by the total sum of stocks. Different rights may be fixed in stocks in respect to: 1) receiving dividends; 2) receiving a liquidation quota; and 3) voting rights at a meeting of stockholders. For example, stock with voting rights gives the right to its holder to take part in the administration of the company and receive dividends, but stock without voting rights deprives the rights to take decisions regarding the activity of the company.
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Incorporation and administration of Foreign merchant’s branch
Includes:
- Documents preparation, submission and picking up from the Register of Enterprises;
- State fees;
- Notarial services;
- Seal;
- Secretarial services – virtual office;
- Accounting services (processing to 50 operations per month);
- preparation and submission of annual report;
Foreign merchants branch is a legal person, organizationally independent part of enterprise, which is territorially separated from the main enterprise and which has its systematic economical activity on its address on behalf of foreign merchant.
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