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Business formation sometimes requires a deeper dive into the proposed business to understand the need for specific permits, licenses, or registrations with the appropriate state agencies.

Depending on the proposed line of business, it may be necessary to apply to the State Revenue Services and register as a VAT payer. Baltic Legal recommends registering with the tax authority at the time of company formation. In this case, the paperwork is minimized.

Baltic Legal can support and prepare other documents required for doing business in Latvia, for example to obtain a license, certificate or registration with the relevant state authorities.

The process of company formation and registration is not considered complex. Registration takes only four business days from the moment all incorporation documents are prepared and submitted to the Commercial Register of the Republic of Latvia. The registration time may be shortened by up to two business days in response to such a request. Registration with other institutions can take from a few days to a month.