Company formation in Latvia
Since a long time, Latvia has been playing role of a bridge between the East and the West. In the past years, it has become a logistics centre of the Baltic region and also one of the leaders in the Eastern Europe in IT sector. Latvia is not only one of the most popular countries for transit, but is also attractive for business and immigration due to the obvious advantages, like similar mentality, knowledge of the Russian language and excellent infrastructure.
Due to the latest changes in the international, and particularly in European legislation the resident status of the company and possession of the VAT number become the most important aspects of operation of your company. An increasing number of European partners prefer to cooperate with companies having the VAT number.
Opportunity of registration of the VAT number and automatic assignment of the tax resident status make the Latvian companies popular for trade within the EU, and also for export of goods outside the EU borders.
In Latvia and there is an opportunity to receive the VAT number without losing tax advantages.