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Articles
Company Formation in Daugavpils
Updated on Thursday 09th August 2018
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Daugavpils is the second-largest city in Latvia after its capital Riga and it is located in the southeastern part of the country. Its position, close to the borders with Belarus and Lithuania and also to the one with Russia, makes is a favorable location for businesses engaged in trading.
Company formation in Daugavpils follows the same principles of quick registration. Our team of experts who specialize in company registration in Latvia can help you follow each of the steps for a simple and hassle-free process.
Investments in Daugavpils
Daugavpils is a Latvian city with important potential for investment development. Its location is favorable both for establishing a trade business and a manufacturing business. The area is industrial in nature and it offers opportunities for investments and development in many manufacturing sectors, including but not limited to, food production, textile, equipment, and machinery production.
Open a company in Daugavpils
The steps that need to be completed in order to open a company in Latvia are the following:
- Choose the legal form: investors can choose between a private limited liability company or a public one; alternatively, foreign companies can start a branch in Latvia.
- Prepare the incorporation documents: the founding documents, the Articles of Association, are mandatory for any company and they include the scope of the business, its internal organization as well as other information.
- Commercial Register submission: the company documents, along with the information about the company’s founders and other requested documents are submitted to the Latvian Commercial Register to officially register the business.
- Tax registration: once the business registration has taken place, the company can register for VAT purposes;
The Latvian company formation process is a simple one that can be assisted by one of our experts. We can provide complete assistance to investors who wish to base their business in Daugavpils.
Contact us for more information about how to register a company in Latvia and business-specific details.
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As a Bridgewest client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Latvia.
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