How to open an SIA in Latvia: a checklist
Everything from idea to first invoice, in one list.
Updated:
1. Choose the name and shareholders
Check that the name is free in the Enterprise Register database. Decide the shareholders, their shares and the board members.
2. Share capital and bank account
Open a payment account in the company's name and pay in the share capital. In the application the founders confirm the account is open and the capital paid. An SIA with no minimum capital requirement is also possible, with extra restrictions; we help you choose in a consultation.
3. Legal address
The company needs an address in Latvia with a legal basis for using it. If you have no office yet, you can rent a legal address.
4. Documents and registration
- Application form KR4
- Founding decision and articles of association
- Division of the shareholders' register
- Board members' consent
- Signatures by e-signature or at a notary
The Enterprise Register reviews the application within 1–3 working days. The state fee starts from EUR 20.
5. After registration
- Register for VAT if required
- Register employees with the VID before they start work
- Sign with an accountant from day one
Deadlines and amounts can change. Check vid.gov.lv and ur.gov.lv before deciding, or ask us.
ServicesCompany registration · from €450 one-off + state fees →