Incorporation in Latvia, Lithuania and Estonia
Geschrieben von languidboy am 4. November 2021 23:57 Uhr
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The most common legal entity (business) established in Latvia, Lithuania and Estonia is a limited liability company, also known as LLC. This type of enterprise provides its owner with business opportunities while limiting the risk of direct investment and without affecting his personal obligations. There are no restrictions on the creation of a company - an enterprise can be created by a resident, non-resident or legal entity. In Latvia, an LLC is called SIA, in Estonia - OÜ, and in Lithuania - UAB.
The registration process is not as complicated as the process of setting up a public limited company, but setting up such companies still takes time and experience. Registration as a value added tax (VAT) payer is not mandatory after the establishment and registration of the company, but becomes necessary if the annual turnover exceeds the legal limit. A limited liability company requires a minimum share capital, which is almost common in Latvia, Lithuania and Estonia; However, there are different ways to invest. https://www.baltic-legal.com/ |
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